ONEV vs SCHD
ONEV vs SCHD
State Street SPDR Russell 1000 Low Volatility Focus ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ONEV offers more diversification with 449 holdings.
Side-by-Side Comparison
| Metric | ONEV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $302M | $103.7B | |
| Dividend Yield | 1.77% | 3.31% | |
| Holdings | 443 | 104 | |
| YTD Return | +11.44% | +22.69% | |
| 1Y Return | +16.89% | +30.94% | |
| 3Y Return (annualized) | +11.69% | +14.20% | |
| 5Y Return (annualized) | +8.67% | +9.59% | |
| Volatility (annualized) | 15.6% | 13.7% | |
| Max Drawdown | -40.2% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2015 | Oct 20, 2011 |
ONEV vs SCHD Performance
State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ONEV returned +16.89% while SCHD returned +30.94%. Year to date, ONEV is up 11.44% versus a gain of 22.69% for SCHD.
Over three years, ONEV compounded at +11.69% per year against +14.20% for SCHD; over five years the annualized figures are +8.67% and +9.59% respectively. Across the full 11-year window we track, SCHD has the edge at +11.31% annualized vs +9.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 13.7% for SCHD. 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 -40.2% for ONEV 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ONEV 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, ONEV currently yields 1.77% against 3.31% for SCHD.
Holdings Overlap
ONEV and SCHD share 31 holdings out of 518 unique holdings combined, representing a 8.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ONEV | Weight in SCHD | Difference |
|---|---|---|---|
| CMCSA | 0.69% | 2.19% | 1.50% |
| EOG | 0.39% | 1.98% | 1.59% |
| OKE | 0.37% | 1.50% | 1.13% |
| FAST | Pro | Pro | Pro |
| ADM | Pro | Pro | Pro |
| CINF | Pro | Pro | Pro |
| TROW | Pro | Pro | Pro |
| KMB | Pro | Pro | Pro |
| PAYX | Pro | Pro | Pro |
| GIS | Pro | Pro | Pro |
See all 10 holdings ONEV 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, ONEV or SCHD?
ONEV 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, ONEV or SCHD?
Over the past year ONEV returned +16.89% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), ONEV annualized +9.79% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, ONEV or SCHD?
ONEV has been the more volatile fund at 15.6% annualized versus 13.7% for SCHD. Worst drawdown: ONEV -40.2% vs SCHD -33.4%.
Should I hold both ONEV and SCHD?
ONEV and SCHD have a monthly-return correlation of 0.92, 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 ONEV and SCHD?
ONEV and SCHD share 31 common holdings with a 8.7% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, ONEV or SCHD?
ONEV yields 1.77% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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