FLCB vs SCHD
FLCB vs SCHD
Franklin US Core Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FLCB offers more diversification with 355 holdings.
Side-by-Side Comparison
| Metric | FLCB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $3.0B | $103.7B | |
| Dividend Yield | 4.23% | 3.31% | |
| Holdings | 473 | 104 | |
| YTD Return | -0.51% | +22.69% | |
| 1Y Return | +2.73% | +30.94% | |
| 3Y Return (annualized) | +3.97% | +14.20% | |
| 5Y Return (annualized) | -0.54% | +9.59% | |
| Volatility (annualized) | 5.7% | 13.7% | |
| Max Drawdown | -20.4% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 17, 2019 | Oct 20, 2011 |
FLCB vs SCHD Performance
Franklin US Core Bond ETF (FLCB) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLCB returned +2.73% while SCHD returned +30.94%. Year to date, FLCB is down 0.51% versus a gain of 22.69% for SCHD.
Over three years, FLCB compounded at +3.97% per year against +14.20% for SCHD; over five years the annualized figures are -0.54% and +9.59% respectively. Across the full 7-year window we track, SCHD has the edge at +11.31% annualized vs +0.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 5.7% for FLCB. 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 -20.4% for FLCB 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLCB charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, FLCB currently yields 4.23% against 3.31% for SCHD.
Holdings Overlap
FLCB and SCHD share 0 holdings out of 455 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCB or SCHD?
FLCB has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FLCB or SCHD?
Over the past year FLCB returned +2.73% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), FLCB annualized +0.17% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLCB or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 5.7% for FLCB. Worst drawdown: FLCB -20.4% vs SCHD -33.4%.
Should I hold both FLCB and SCHD?
FLCB and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCB and SCHD?
FLCB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 455 unique securities.
Which pays a higher dividend, FLCB or SCHD?
FLCB yields 4.23% while SCHD yields 3.31%, so FLCB currently pays the higher dividend yield.
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