FLDB vs SCHD
FLDB vs SCHD
Fidelity Low Duration Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FLDB offers more diversification with 335 holdings.
Side-by-Side Comparison
| Metric | FLDB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $409M | $103.7B | |
| Dividend Yield | 4.76% | 3.31% | |
| Holdings | 394 | 104 | |
| YTD Return | +1.97% | +24.08% | |
| 1Y Return | +3.92% | +31.88% | |
| 3Y Return (annualized) | - | +14.92% | |
| 5Y Return (annualized) | - | +9.85% | |
| Volatility (annualized) | 0.5% | 13.6% | |
| Max Drawdown | -0.5% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2024 | Oct 20, 2011 |
FLDB vs SCHD Performance
Fidelity Low Duration Bond ETF (FLDB) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLDB returned +3.92% while SCHD returned +31.88%. Year to date, FLDB is up 1.97% versus a gain of 24.08% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.5% for FLDB. 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 -0.5% for FLDB 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDB charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, FLDB currently yields 4.76% against 3.31% for SCHD.
Holdings Overlap
FLDB and SCHD share 0 holdings out of 435 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, FLDB or SCHD?
FLDB has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, FLDB or SCHD?
Over the past year FLDB returned +3.92% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FLDB annualized +4.63% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLDB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.5% for FLDB. Worst drawdown: FLDB -0.5% vs SCHD -33.4%.
Should I hold both FLDB and SCHD?
FLDB and SCHD have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDB and SCHD?
FLDB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 435 unique securities.
Which pays a higher dividend, FLDB or SCHD?
FLDB yields 4.76% while SCHD yields 3.31%, so FLDB currently pays the higher dividend yield.
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