SCHD vs SIZE
SCHD vs SIZE
Schwab US Dividend Equity ETF vs iShares MSCI USA Size Factor ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SIZE offers more diversification with 507 holdings.
Side-by-Side Comparison
| Metric | SCHD | SIZE | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.15% | |
| AUM | $103.7B | $430M | |
| Dividend Yield | 3.31% | 1.37% | |
| Holdings | 104 | 533 | |
| YTD Return | +24.08% | +13.60% | |
| 1Y Return | +31.88% | +19.10% | |
| 3Y Return (annualized) | +14.92% | +15.20% | |
| 5Y Return (annualized) | +9.85% | +8.59% | |
| Volatility (annualized) | 13.6% | 15.3% | |
| Max Drawdown | -33.4% | -39.1% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Apr 16, 2013 |
SCHD vs SIZE Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares MSCI USA Size Factor ETF (SIZE) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +31.88% while SIZE returned +19.10%. Year to date, SCHD is up 24.08% versus a gain of 13.60% for SIZE.
Over three years, SCHD compounded at +14.92% per year against +15.20% for SIZE; over five years the annualized figures are +9.85% and +8.59% respectively. Across the full 13-year window we track, SCHD has the edge at +11.39% annualized vs +10.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SIZE has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -39.1% for SIZE. 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 0.90. 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 SIZE charges 0.15%. On a $10,000 position that is $6 vs $15 annually, a gap of $9 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.37% for SIZE.
Holdings Overlap
SCHD and SIZE share 43 holdings out of 564 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SIZE | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.18% | 4.36% |
| ABT | 4.49% | 0.18% | 4.31% |
| MRK | 4.32% | 0.19% | 4.13% |
| AMGN | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
See all 10 holdings SCHD shares with SIZE 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 SIZE?
SCHD has an expense ratio of 0.06% while SIZE charges 0.15%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SCHD or SIZE?
Over the past year SCHD returned +31.88% vs +19.10% for SIZE, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +11.39% vs +10.93% for SIZE. Past performance does not guarantee future results.
Which is riskier, SCHD or SIZE?
SIZE has been the more volatile fund at 15.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SIZE -39.1%.
Should I hold both SCHD and SIZE?
SCHD and SIZE have a monthly-return correlation of 0.90, 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 SIZE?
SCHD and SIZE share 43 common holdings with a 7.8% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, SCHD or SIZE?
SCHD yields 3.31% while SIZE yields 1.37%, so SCHD currently pays the higher dividend yield.
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