EQWL vs SCHD
EQWL vs SCHD
Invesco S&P 100 Equal Weight ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EQWL offers more diversification with 102 holdings.
Side-by-Side Comparison
| Metric | EQWL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $2.7B | $103.7B | |
| Dividend Yield | 1.58% | 3.31% | |
| Holdings | 103 | 104 | |
| YTD Return | +13.71% | +24.08% | |
| 1Y Return | +23.87% | +31.88% | |
| 3Y Return (annualized) | +18.92% | +14.92% | |
| 5Y Return (annualized) | +12.46% | +9.85% | |
| Volatility (annualized) | 15.0% | 13.6% | |
| Max Drawdown | -50.0% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2006 | Oct 20, 2011 |
EQWL vs SCHD Performance
Invesco S&P 100 Equal Weight ETF (EQWL) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EQWL returned +23.87% while SCHD returned +31.88%. Year to date, EQWL is up 13.71% versus a gain of 24.08% for SCHD.
Over three years, EQWL compounded at +18.92% per year against +14.92% for SCHD; over five years the annualized figures are +12.46% and +9.85% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQWL has been the more volatile fund, with annualized monthly volatility of 15.0% 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 -50.0% for EQWL 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQWL charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, EQWL currently yields 1.58% against 3.31% for SCHD.
Holdings Overlap
EQWL and SCHD share 19 holdings out of 183 unique holdings combined, representing a 18.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EQWL | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 1.01% | 4.54% | 3.53% |
| ABT | 1.02% | 4.49% | 3.47% |
| MRK | 1.07% | 4.32% | 3.25% |
| AMGN | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings EQWL 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, EQWL or SCHD?
EQWL has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, EQWL or SCHD?
Over the past year EQWL returned +23.87% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EQWL annualized +9.43% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EQWL or SCHD?
EQWL has been the more volatile fund at 15.0% annualized versus 13.6% for SCHD. Worst drawdown: EQWL -50.0% vs SCHD -33.4%.
Should I hold both EQWL and SCHD?
EQWL and SCHD have a monthly-return correlation of 0.91, 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 EQWL and SCHD?
EQWL and SCHD share 19 common holdings with a 18.4% weight overlap. Combined, they hold 183 unique securities.
Which pays a higher dividend, EQWL or SCHD?
EQWL yields 1.58% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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