PHDG vs SCHD
PHDG vs SCHD
Invesco S&P 500 Downside Hedged ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | PHDG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.06% | |
| AUM | $61M | $103.7B | |
| Dividend Yield | 1.68% | 3.31% | |
| Holdings | 514 | 104 | |
| YTD Return | +13.37% | +24.08% | |
| 1Y Return | +19.80% | +31.88% | |
| 3Y Return (annualized) | +9.67% | +14.92% | |
| 5Y Return (annualized) | +4.73% | +9.85% | |
| Volatility (annualized) | 9.9% | 13.6% | |
| Max Drawdown | -23.6% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 5, 2012 | Oct 20, 2011 |
PHDG vs SCHD Performance
Invesco S&P 500 Downside Hedged ETF (PHDG) 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 PHDG returned +19.80% while SCHD returned +31.88%. Year to date, PHDG is up 13.37% versus a gain of 24.08% for SCHD.
Over three years, PHDG compounded at +9.67% per year against +14.92% for SCHD; over five years the annualized figures are +4.73% and +9.85% respectively. Across the full 14-year window we track, SCHD has the edge at +11.39% annualized vs +4.47%. 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 9.9% for PHDG. 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 -23.6% for PHDG 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PHDG charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, PHDG currently yields 1.68% against 3.31% for SCHD.
Holdings Overlap
PHDG and SCHD share 46 holdings out of 548 unique holdings combined, representing a 5.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PHDG | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.46% | 4.54% | 4.08% |
| MRK | 0.38% | 4.32% | 3.94% |
| ABT | 0.19% | 4.49% | 4.30% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings PHDG 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, PHDG or SCHD?
PHDG has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, PHDG or SCHD?
Over the past year PHDG returned +19.80% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), PHDG annualized +4.47% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PHDG or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.9% for PHDG. Worst drawdown: PHDG -23.6% vs SCHD -33.4%.
Should I hold both PHDG and SCHD?
PHDG and SCHD have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PHDG and SCHD?
PHDG and SCHD share 46 common holdings with a 5.9% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, PHDG or SCHD?
PHDG yields 1.68% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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