OCIO vs SCHD
OCIO vs SCHD
Clearshares Ocio 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 | OCIO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $166M | $103.7B | |
| Dividend Yield | 9.65% | 3.31% | |
| Holdings | 42 | 104 | |
| YTD Return | +8.94% | +23.31% | |
| 1Y Return | +17.79% | +30.42% | |
| 3Y Return (annualized) | +12.88% | +14.66% | |
| 5Y Return (annualized) | +7.06% | +9.59% | |
| Volatility (annualized) | 10.1% | 13.6% | |
| Max Drawdown | -24.2% | -33.4% | |
| Fund Family | ClearShares ETFs | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 26, 2017 | Oct 20, 2011 |
OCIO vs SCHD Performance
Clearshares Ocio Etf (OCIO) is a ETF from ClearShares ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OCIO returned +17.79% while SCHD returned +30.42%. Year to date, OCIO is up 8.94% versus a gain of 23.31% for SCHD.
Over three years, OCIO compounded at +12.88% per year against +14.66% for SCHD; over five years the annualized figures are +7.06% and +9.59% respectively. Across the full 9-year window we track, SCHD has the edge at +11.34% annualized vs +7.00%. 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 10.1% for OCIO. 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 -24.2% for OCIO 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OCIO charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, OCIO currently yields 9.65% against 3.31% for SCHD.
Holdings Overlap
OCIO and SCHD share 0 holdings out of 136 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, OCIO or SCHD?
OCIO has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, OCIO or SCHD?
Over the past year OCIO returned +17.79% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), OCIO annualized +7.00% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, OCIO or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.1% for OCIO. Worst drawdown: OCIO -24.2% vs SCHD -33.4%.
Should I hold both OCIO and SCHD?
OCIO and SCHD have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OCIO and SCHD?
OCIO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 136 unique securities.
Which pays a higher dividend, OCIO or SCHD?
OCIO yields 9.65% while SCHD yields 3.31%, so OCIO currently pays the higher dividend yield.
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