PRIV vs SCHD
PRIV vs SCHD
State Street IG Public & Private Credit ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PRIV offers more diversification with 159 holdings.
Side-by-Side Comparison
| Metric | PRIV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $837M | $103.7B | |
| Dividend Yield | 4.58% | 3.31% | |
| Holdings | 201 | 104 | |
| YTD Return | -0.54% | +23.02% | |
| 1Y Return | +2.16% | +30.75% | |
| 3Y Return (annualized) | - | +14.89% | |
| 5Y Return (annualized) | - | +9.38% | |
| Volatility (annualized) | 3.1% | 13.6% | |
| Max Drawdown | -2.8% | -33.4% | |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 26, 2025 | Oct 20, 2011 |
PRIV vs SCHD Performance
State Street IG Public & Private Credit ETF (PRIV) is a ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PRIV returned +2.16% while SCHD returned +30.75%. Year to date, PRIV is down 0.54% versus a gain of 23.02% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.1% for PRIV. 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 -2.8% for PRIV 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PRIV 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, PRIV currently yields 4.58% against 3.31% for SCHD.
Holdings Overlap
PRIV and SCHD share 1 holdings out of 258 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PRIV | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 2.44% | 0.04% | 2.40% |
Frequently Asked Questions
Which is cheaper, PRIV or SCHD?
PRIV 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, PRIV or SCHD?
Over the past year PRIV returned +2.16% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), PRIV annualized +3.14% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, PRIV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.1% for PRIV. Worst drawdown: PRIV -2.8% vs SCHD -33.4%.
Should I hold both PRIV and SCHD?
PRIV and SCHD have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRIV and SCHD?
PRIV and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 258 unique securities.
Which pays a higher dividend, PRIV or SCHD?
PRIV yields 4.58% while SCHD yields 3.31%, so PRIV currently pays the higher dividend yield.
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