HDV vs SCHD
HDV vs SCHD
iShares Core High Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | HDV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.06% | |
| AUM | $14.7B | $103.7B | |
| Dividend Yield | 2.90% | 3.31% | |
| Holdings | 81 | 104 | |
| YTD Return | +19.34% | +23.53% | |
| 1Y Return | +24.90% | +30.95% | |
| 3Y Return (annualized) | +15.65% | +14.72% | |
| 5Y Return (annualized) | +12.06% | +9.56% | |
| Volatility (annualized) | 13.1% | 13.6% | |
| Max Drawdown | -37.0% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 29, 2011 | Oct 20, 2011 |
HDV vs SCHD Performance
iShares Core High Dividend ETF (HDV) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HDV returned +24.90% while SCHD returned +30.95%. Year to date, HDV is up 19.34% versus a gain of 23.53% for SCHD.
Over three years, HDV compounded at +15.65% per year against +14.72% for SCHD; over five years the annualized figures are +12.06% and +9.56% respectively. Across the full 15-year window we track, SCHD has the edge at +11.35% annualized vs +8.40%. 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 13.1% for HDV. 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 -37.0% for HDV 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HDV charges 0.08% per year while SCHD charges 0.06%. On a $10,000 position that is $8 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, HDV currently yields 2.90% against 3.31% for SCHD.
Holdings Overlap
HDV and SCHD share 28 holdings out of 148 unique holdings combined, representing a 49.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HDV | Weight in SCHD | Difference |
|---|---|---|---|
| CVX | 5.43% | 3.95% | 1.48% |
| HD | 4.88% | 4.16% | 0.72% |
| PG | 4.84% | 4.15% | 0.69% |
| VZ | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
See all 10 holdings HDV 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, HDV or SCHD?
HDV has an expense ratio of 0.08% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, HDV or SCHD?
Over the past year HDV returned +24.90% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), HDV annualized +8.40% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, HDV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.1% for HDV. Worst drawdown: HDV -37.0% vs SCHD -33.4%.
Should I hold both HDV and SCHD?
HDV and SCHD have a monthly-return correlation of 0.93, 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 HDV and SCHD?
HDV and SCHD share 28 common holdings with a 49.0% weight overlap. Combined, they hold 148 unique securities.
Which pays a higher dividend, HDV or SCHD?
HDV yields 2.90% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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