FSLD vs SCHD
FSLD vs SCHD
Fidelity Sustainable Low Duration Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FSLD offers more diversification with 231 holdings.
Side-by-Side Comparison
| Metric | FSLD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $5M | $103.7B | |
| Dividend Yield | 4.40% | 3.31% | |
| Holdings | 227 | 104 | |
| YTD Return | +2.46% | +24.08% | |
| 1Y Return | +2.96% | +31.88% | |
| 3Y Return (annualized) | +4.63% | +14.92% | |
| 5Y Return (annualized) | - | +9.85% | |
| Volatility (annualized) | 0.8% | 13.6% | |
| Max Drawdown | -0.6% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 19, 2022 | Oct 20, 2011 |
FSLD vs SCHD Performance
Fidelity Sustainable Low Duration Bond ETF (FSLD) 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 FSLD returned +2.96% while SCHD returned +31.88%. Year to date, FSLD is up 2.46% versus a gain of 24.08% for SCHD.
Over three years, FSLD compounded at +4.63% per year against +14.92% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +4.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.8% for FSLD. 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 -0.6% for FSLD 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FSLD 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, FSLD currently yields 4.40% against 3.31% for SCHD.
Holdings Overlap
FSLD and SCHD share 0 holdings out of 331 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, FSLD or SCHD?
FSLD 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, FSLD or SCHD?
Over the past year FSLD returned +2.96% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), FSLD annualized +4.04% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FSLD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.8% for FSLD. Worst drawdown: FSLD -0.6% vs SCHD -33.4%.
Should I hold both FSLD and SCHD?
FSLD and SCHD have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSLD and SCHD?
FSLD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 331 unique securities.
Which pays a higher dividend, FSLD or SCHD?
FSLD yields 4.40% while SCHD yields 3.31%, so FSLD currently pays the higher dividend yield.
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