DFVX vs SCHD
DFVX vs SCHD
Dimensional US Large Cap Vector ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DFVX offers more diversification with 314 holdings.
Side-by-Side Comparison
| Metric | DFVX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.06% | |
| AUM | $519M | $103.7B | |
| Dividend Yield | 1.16% | 3.31% | |
| Holdings | 331 | 104 | |
| YTD Return | +14.52% | +23.02% | |
| 1Y Return | +23.32% | +30.75% | |
| 3Y Return (annualized) | - | +14.89% | |
| 5Y Return (annualized) | - | +9.38% | |
| Volatility (annualized) | 11.4% | 13.6% | |
| Max Drawdown | -16.7% | -33.4% | |
| Fund Family | Dimensional | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2023 | Oct 20, 2011 |
DFVX vs SCHD Performance
Dimensional US Large Cap Vector ETF (DFVX) is a ETF from Dimensional and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DFVX returned +23.32% while SCHD returned +30.75%. Year to date, DFVX is up 14.52% versus a gain of 23.02% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.4% for DFVX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.7% for DFVX and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFVX charges 0.19% per year while SCHD charges 0.06%. On a $10,000 position that is $19 vs $6 annually, a gap of $13 per year that compounds over a long holding period. On income, DFVX currently yields 1.16% against 3.31% for SCHD.
Holdings Overlap
DFVX and SCHD share 42 holdings out of 372 unique holdings combined, representing a 16.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DFVX | Weight in SCHD | Difference |
|---|---|---|---|
| MRK | 1.44% | 4.32% | 2.88% |
| HD | 1.42% | 4.16% | 2.74% |
| PG | 1.21% | 4.15% | 2.94% |
| AMGN | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings DFVX shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DFVX or SCHD?
DFVX has an expense ratio of 0.19% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, DFVX or SCHD?
Over the past year DFVX returned +23.32% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), DFVX annualized +21.68% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, DFVX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.4% for DFVX. Worst drawdown: DFVX -16.7% vs SCHD -33.4%.
Should I hold both DFVX and SCHD?
DFVX and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFVX and SCHD?
DFVX and SCHD share 42 common holdings with a 16.0% weight overlap. Combined, they hold 372 unique securities.
Which pays a higher dividend, DFVX or SCHD?
DFVX yields 1.16% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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