PHYD vs SCHD
PHYD vs SCHD
Putnam ESG High Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PHYD offers more diversification with 266 holdings.
Side-by-Side Comparison
| Metric | PHYD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $8M | $103.7B | |
| Dividend Yield | 8.98% | 3.31% | |
| Holdings | 323 | 104 | |
| YTD Return | +2.34% | +24.26% | |
| 1Y Return | +7.64% | +31.38% | |
| 3Y Return (annualized) | +8.71% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 4.5% | 13.6% | |
| Max Drawdown | -4.3% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 19, 2023 | Oct 20, 2011 |
PHYD vs SCHD Performance
Putnam ESG High Yield ETF (PHYD) 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 PHYD returned +7.64% while SCHD returned +31.38%. Year to date, PHYD is up 2.34% versus a gain of 24.26% for SCHD.
Over three years, PHYD compounded at +8.71% per year against +15.08% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.39% annualized vs +7.86%. 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 4.5% for PHYD. 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 -4.3% for PHYD 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PHYD charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, PHYD currently yields 8.98% against 3.31% for SCHD.
Holdings Overlap
PHYD and SCHD share 0 holdings out of 366 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, PHYD or SCHD?
PHYD has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, PHYD or SCHD?
Over the past year PHYD returned +7.64% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), PHYD annualized +7.86% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PHYD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.5% for PHYD. Worst drawdown: PHYD -4.3% vs SCHD -33.4%.
Should I hold both PHYD and SCHD?
PHYD and SCHD have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PHYD and SCHD?
PHYD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 366 unique securities.
Which pays a higher dividend, PHYD or SCHD?
PHYD yields 8.98% while SCHD yields 3.31%, so PHYD currently pays the higher dividend yield.
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