SCHD vs SPXE
SCHD vs SPXE
Schwab US Dividend Equity ETF vs ProShares S&P 500 Ex-Energy ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SPXE offers more diversification with 482 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPXE | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.09% | |
| AUM | $103.7B | $83M | |
| Dividend Yield | 3.31% | 0.93% | |
| Holdings | 104 | 483 | |
| YTD Return | +23.02% | +11.06% | |
| 1Y Return | +30.75% | +20.78% | |
| 3Y Return (annualized) | +14.89% | +20.92% | |
| 5Y Return (annualized) | +9.38% | +12.54% | |
| Volatility (annualized) | 13.6% | 15.3% | |
| Max Drawdown | -33.4% | -32.3% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 22, 2015 |
SCHD vs SPXE Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares S&P 500 Ex-Energy ETF (SPXE) is a ETF from ProShares. Over the past year SCHD returned +30.75% while SPXE returned +20.78%. Year to date, SCHD is up 23.02% versus a gain of 11.06% for SPXE.
Over three years, SCHD compounded at +14.89% per year against +20.92% for SPXE; over five years the annualized figures are +9.38% and +12.54% respectively. Across the full 11-year window we track, SPXE has the edge at +14.54% annualized vs +11.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXE 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 -32.3% for SPXE. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPXE charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.93% for SPXE.
Holdings Overlap
SCHD and SPXE share 38 holdings out of 544 unique holdings combined, representing a 6.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPXE | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.60% | 3.94% |
| MRK | 4.32% | 0.50% | 3.82% |
| ABT | 4.49% | 0.26% | 4.23% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | 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 SPXE 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 SPXE?
SCHD has an expense ratio of 0.06% while SPXE charges 0.09%. SCHD is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SCHD or SPXE?
Over the past year SCHD returned +30.75% vs +20.78% for SPXE, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.33% vs +14.54% for SPXE. Past performance does not guarantee future results.
Which is riskier, SCHD or SPXE?
SPXE has been the more volatile fund at 15.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPXE -32.3%.
Should I hold both SCHD and SPXE?
SCHD and SPXE have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPXE?
SCHD and SPXE share 38 common holdings with a 6.7% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, SCHD or SPXE?
SCHD yields 3.31% while SPXE yields 0.93%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.