PCRB vs SCHD
PCRB vs SCHD
Putnam ESG Core Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PCRB offers more diversification with 381 holdings.
Side-by-Side Comparison
| Metric | PCRB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.06% | |
| AUM | $7M | $103.7B | |
| Dividend Yield | 9.74% | 3.31% | |
| Holdings | 568 | 104 | |
| YTD Return | -0.43% | +22.69% | |
| 1Y Return | +4.33% | +30.94% | |
| 3Y Return (annualized) | +4.09% | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 5.6% | 13.7% | |
| Max Drawdown | -7.2% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 19, 2023 | Oct 20, 2011 |
PCRB vs SCHD Performance
Putnam ESG Core Bond ETF (PCRB) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PCRB returned +4.33% while SCHD returned +30.94%. Year to date, PCRB is down 0.43% versus a gain of 22.69% for SCHD.
Over three years, PCRB compounded at +4.09% per year against +14.20% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.31% annualized vs +3.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 5.6% for PCRB. 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 -7.2% for PCRB 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PCRB charges 0.36% per year while SCHD charges 0.06%. On a $10,000 position that is $36 vs $6 annually, a gap of $30 per year that compounds over a long holding period. On income, PCRB currently yields 9.74% against 3.31% for SCHD.
Holdings Overlap
PCRB and SCHD share 0 holdings out of 481 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, PCRB or SCHD?
PCRB has an expense ratio of 0.36% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, PCRB or SCHD?
Over the past year PCRB returned +4.33% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), PCRB annualized +3.23% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, PCRB or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 5.6% for PCRB. Worst drawdown: PCRB -7.2% vs SCHD -33.4%.
Should I hold both PCRB and SCHD?
PCRB and SCHD have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PCRB and SCHD?
PCRB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 481 unique securities.
Which pays a higher dividend, PCRB or SCHD?
PCRB yields 9.74% while SCHD yields 3.31%, so PCRB currently pays the higher dividend yield.
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