PY vs SCHD
PY vs SCHD
Principal Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $235M | $103.7B | |
| Dividend Yield | 2.14% | 3.31% | |
| Holdings | 100 | 104 | |
| YTD Return | +10.94% | +24.26% | |
| 1Y Return | +17.42% | +31.38% | |
| 3Y Return (annualized) | +13.86% | +15.08% | |
| 5Y Return (annualized) | +9.05% | +9.72% | |
| Volatility (annualized) | 19.2% | 13.6% | |
| Max Drawdown | -45.5% | -33.4% | |
| Fund Family | Principal Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 21, 2016 | Oct 20, 2011 |
PY vs SCHD Performance
Principal Value ETF (PY) is a ETF from Principal Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PY returned +17.42% while SCHD returned +31.38%. Year to date, PY is up 10.94% versus a gain of 24.26% for SCHD.
Over three years, PY compounded at +13.86% per year against +15.08% for SCHD; over five years the annualized figures are +9.05% and +9.72% respectively. Across the full 10-year window we track, SCHD has the edge at +11.39% annualized vs +9.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PY has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -45.5% for PY 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PY charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, PY currently yields 2.14% against 3.31% for SCHD.
Holdings Overlap
PY and SCHD share 23 holdings out of 176 unique holdings combined, representing a 22.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PY | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 2.03% | 4.54% | 2.51% |
| MRK | 1.90% | 4.32% | 2.42% |
| PG | 1.87% | 4.15% | 2.28% |
| HD | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
See all 10 holdings PY 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, PY or SCHD?
PY has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, PY or SCHD?
Over the past year PY returned +17.42% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), PY annualized +9.89% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PY or SCHD?
PY has been the more volatile fund at 19.2% annualized versus 13.6% for SCHD. Worst drawdown: PY -45.5% vs SCHD -33.4%.
Should I hold both PY and SCHD?
PY and SCHD have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PY and SCHD?
PY and SCHD share 23 common holdings with a 22.7% weight overlap. Combined, they hold 176 unique securities.
Which pays a higher dividend, PY or SCHD?
PY yields 2.14% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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