SCHD vs SCHV
SCHD vs SCHV
Schwab US Dividend Equity ETF vs Schwab US Large-Cap Value ETF
Quick Verdict
SCHV has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHV offers more diversification with 557 holdings.
Side-by-Side Comparison
| Metric | SCHD | SCHV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $103.7B | $15.8B | |
| Dividend Yield | 3.31% | 1.75% | |
| Holdings | 104 | 560 | |
| YTD Return | +24.08% | +17.80% | |
| 1Y Return | +31.88% | +27.74% | |
| 3Y Return (annualized) | +14.92% | +17.66% | |
| 5Y Return (annualized) | +9.85% | +11.14% | |
| Volatility (annualized) | 13.6% | 14.1% | |
| Max Drawdown | -33.4% | -37.1% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Dec 11, 2009 |
SCHD vs SCHV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Schwab US Large-Cap Value ETF (SCHV) is a ETF from Charles Schwab Asset Management. Over the past year SCHD returned +31.88% while SCHV returned +27.74%. Year to date, SCHD is up 24.08% versus a gain of 17.80% for SCHV.
Over three years, SCHD compounded at +14.92% per year against +17.66% for SCHV; over five years the annualized figures are +9.85% and +11.14% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHV has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -33.4% for SCHD and -37.1% for SCHV. 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHV charges 0.04%. On a $10,000 position that is $6 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.75% for SCHV.
Holdings Overlap
SCHD and SCHV share 56 holdings out of 601 unique holdings combined, representing a 15.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SCHV | Difference |
|---|---|---|---|
| MRK | 4.32% | 1.03% | 3.29% |
| PG | 4.15% | 1.09% | 3.06% |
| HD | 4.16% | 1.05% | 3.11% |
| CVX | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings SCHD shares with SCHV 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, SCHD or SCHV?
SCHD has an expense ratio of 0.06% while SCHV charges 0.04%. SCHV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or SCHV?
Over the past year SCHD returned +31.88% vs +27.74% for SCHV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +9.71% for SCHV. Past performance does not guarantee future results.
Which is riskier, SCHD or SCHV?
SCHV has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCHV -37.1%.
Should I hold both SCHD and SCHV?
SCHD and SCHV have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SCHD and SCHV?
SCHD and SCHV share 56 common holdings with a 15.3% weight overlap. Combined, they hold 601 unique securities.
Which pays a higher dividend, SCHD or SCHV?
SCHD yields 3.31% while SCHV yields 1.75%, so SCHD currently pays the higher dividend yield.
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