DLN vs SCHD
DLN vs SCHD
WisdomTree US LargeCap Dividend Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DLN offers more diversification with 300 holdings.
Side-by-Side Comparison
| Metric | DLN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.06% | |
| AUM | $6.3B | $103.7B | |
| Dividend Yield | 1.79% | 3.31% | |
| Holdings | 307 | 104 | |
| YTD Return | +14.49% | +24.08% | |
| 1Y Return | +22.58% | +31.88% | |
| 3Y Return (annualized) | +18.22% | +14.92% | |
| 5Y Return (annualized) | +12.80% | +9.85% | |
| Volatility (annualized) | 14.2% | 13.6% | |
| Max Drawdown | -57.8% | -33.4% | |
| Fund Family | WisdomTree Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Oct 20, 2011 |
DLN vs SCHD Performance
WisdomTree US LargeCap Dividend Fund (DLN) is a ETF from WisdomTree Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DLN returned +22.58% while SCHD returned +31.88%. Year to date, DLN is up 14.49% versus a gain of 24.08% for SCHD.
Over three years, DLN compounded at +18.22% per year against +14.92% for SCHD; over five years the annualized figures are +12.80% and +9.85% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DLN has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.6% for SCHD. 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 -57.8% for DLN 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DLN charges 0.28% per year while SCHD charges 0.06%. On a $10,000 position that is $28 vs $6 annually, a gap of $22 per year that compounds over a long holding period. On income, DLN currently yields 1.79% against 3.31% for SCHD.
Holdings Overlap
DLN and SCHD share 34 holdings out of 366 unique holdings combined, representing a 20.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DLN | Weight in SCHD | Difference |
|---|---|---|---|
| CVX | 2.27% | 3.95% | 1.68% |
| MRK | 1.41% | 4.32% | 2.91% |
| PG | 1.37% | 4.15% | 2.78% |
| UNH | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings DLN 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, DLN or SCHD?
DLN has an expense ratio of 0.28% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, DLN or SCHD?
Over the past year DLN returned +22.58% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DLN annualized +9.93% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DLN or SCHD?
DLN has been the more volatile fund at 14.2% annualized versus 13.6% for SCHD. Worst drawdown: DLN -57.8% vs SCHD -33.4%.
Should I hold both DLN and SCHD?
DLN and SCHD have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DLN and SCHD?
DLN and SCHD share 34 common holdings with a 20.4% weight overlap. Combined, they hold 366 unique securities.
Which pays a higher dividend, DLN or SCHD?
DLN yields 1.79% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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