PDP vs SCHD
PDP vs SCHD
Invesco Dorsey Wright Momentum ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PDP offers more diversification with 101 holdings.
Side-by-Side Comparison
| Metric | PDP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.06% | |
| AUM | $1.5B | $103.7B | |
| Dividend Yield | 0.07% | 3.31% | |
| Holdings | 103 | 104 | |
| YTD Return | +16.82% | +24.26% | |
| 1Y Return | +23.86% | +31.38% | |
| 3Y Return (annualized) | +20.66% | +15.08% | |
| 5Y Return (annualized) | +8.50% | +9.72% | |
| Volatility (annualized) | 18.4% | 13.6% | |
| Max Drawdown | -59.3% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2007 | Oct 20, 2011 |
PDP vs SCHD Performance
Invesco Dorsey Wright Momentum ETF (PDP) 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 PDP returned +23.86% while SCHD returned +31.38%. Year to date, PDP is up 16.82% versus a gain of 24.26% for SCHD.
Over three years, PDP compounded at +20.66% per year against +15.08% for SCHD; over five years the annualized figures are +8.50% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDP has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -59.3% for PDP 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDP charges 0.62% per year while SCHD charges 0.06%. On a $10,000 position that is $62 vs $6 annually, a gap of $56 per year that compounds over a long holding period. On income, PDP currently yields 0.07% against 3.31% for SCHD.
Holdings Overlap
PDP and SCHD share 0 holdings out of 201 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, PDP or SCHD?
PDP has an expense ratio of 0.62% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, PDP or SCHD?
Over the past year PDP returned +23.86% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PDP annualized +9.79% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PDP or SCHD?
PDP has been the more volatile fund at 18.4% annualized versus 13.6% for SCHD. Worst drawdown: PDP -59.3% vs SCHD -33.4%.
Should I hold both PDP and SCHD?
PDP and SCHD have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDP and SCHD?
PDP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, PDP or SCHD?
PDP yields 0.07% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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