PAVE vs SCHD
PAVE vs SCHD
Global X US Infrastructure Development 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 | PAVE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.06% | |
| AUM | $14.2B | $103.7B | |
| Dividend Yield | 0.51% | 3.31% | |
| Holdings | 102 | 104 | |
| YTD Return | +19.45% | +23.53% | |
| 1Y Return | +28.86% | +30.95% | |
| 3Y Return (annualized) | +22.12% | +14.72% | |
| 5Y Return (annualized) | +17.72% | +9.56% | |
| Volatility (annualized) | 22.9% | 13.6% | |
| Max Drawdown | -44.1% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2017 | Oct 20, 2011 |
PAVE vs SCHD Performance
Global X US Infrastructure Development ETF (PAVE) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PAVE returned +28.86% while SCHD returned +30.95%. Year to date, PAVE is up 19.45% versus a gain of 23.53% for SCHD.
Over three years, PAVE compounded at +22.12% per year against +14.72% for SCHD; over five years the annualized figures are +17.72% and +9.56% respectively. Across the full 9-year window we track, PAVE has the edge at +16.38% annualized vs +11.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAVE has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 13.6% 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 -44.1% for PAVE 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAVE charges 0.47% per year while SCHD charges 0.06%. On a $10,000 position that is $47 vs $6 annually, a gap of $41 per year that compounds over a long holding period. On income, PAVE currently yields 0.51% against 3.31% for SCHD.
Holdings Overlap
PAVE and SCHD share 0 holdings out of 185 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, PAVE or SCHD?
PAVE has an expense ratio of 0.47% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, PAVE or SCHD?
Over the past year PAVE returned +28.86% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), PAVE annualized +16.38% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, PAVE or SCHD?
PAVE has been the more volatile fund at 22.9% annualized versus 13.6% for SCHD. Worst drawdown: PAVE -44.1% vs SCHD -33.4%.
Should I hold both PAVE and SCHD?
PAVE and SCHD have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAVE and SCHD?
PAVE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 185 unique securities.
Which pays a higher dividend, PAVE or SCHD?
PAVE yields 0.51% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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