IQSZ vs SCHD
IQSZ vs SCHD
Invesco Global Equity Net Zero ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IQSZ offers more diversification with 487 holdings.
Side-by-Side Comparison
| Metric | IQSZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.06% | |
| AUM | $169M | $103.7B | |
| Dividend Yield | 1.43% | 3.31% | |
| Holdings | 506 | 104 | |
| YTD Return | +16.54% | +24.26% | |
| 1Y Return | +30.65% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 11.5% | 13.6% | |
| Max Drawdown | -9.1% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 16, 2025 | Oct 20, 2011 |
IQSZ vs SCHD Performance
Invesco Global Equity Net Zero ETF (IQSZ) 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 IQSZ returned +30.65% while SCHD returned +31.38%. Year to date, IQSZ is up 16.54% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.5% for IQSZ. 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 -9.1% for IQSZ 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IQSZ charges 0.19% per year while SCHD charges 0.06%. On a $10,000 position that is $19 vs $6 annually, a gap of $13 per year that compounds over a long holding period. On income, IQSZ currently yields 1.43% against 3.31% for SCHD.
Holdings Overlap
IQSZ and SCHD share 21 holdings out of 566 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IQSZ | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.36% | 4.54% | 4.18% |
| MRK | 0.35% | 4.32% | 3.97% |
| AMGN | 0.31% | 4.25% | 3.94% |
| CVX | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
See all 10 holdings IQSZ 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, IQSZ or SCHD?
IQSZ has an expense ratio of 0.19% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, IQSZ or SCHD?
Over the past year IQSZ returned +30.65% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), IQSZ annualized +30.41% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, IQSZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.5% for IQSZ. Worst drawdown: IQSZ -9.1% vs SCHD -33.4%.
Should I hold both IQSZ and SCHD?
IQSZ and SCHD have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IQSZ and SCHD?
IQSZ and SCHD share 21 common holdings with a 4.3% weight overlap. Combined, they hold 566 unique securities.
Which pays a higher dividend, IQSZ or SCHD?
IQSZ yields 1.43% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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