SCHD vs SPXN
SCHD vs SPXN
Schwab US Dividend Equity ETF vs ProShares S&P 500 Ex-Financials ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SPXN offers more diversification with 396 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPXN | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.09% | |
| AUM | $103.7B | $76M | |
| Dividend Yield | 3.31% | 0.90% | |
| Holdings | 104 | 397 | |
| YTD Return | +24.08% | +14.67% | |
| 1Y Return | +31.88% | +25.50% | |
| 3Y Return (annualized) | +14.92% | +21.51% | |
| 5Y Return (annualized) | +9.85% | +13.87% | |
| Volatility (annualized) | 13.6% | 15.6% | |
| Max Drawdown | -33.4% | -32.1% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 22, 2015 |
SCHD vs SPXN Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares S&P 500 Ex-Financials ETF (SPXN) is a ETF from ProShares. Over the past year SCHD returned +31.88% while SPXN returned +25.50%. Year to date, SCHD is up 24.08% versus a gain of 14.67% for SPXN.
Over three years, SCHD compounded at +14.92% per year against +21.51% for SPXN; over five years the annualized figures are +9.85% and +13.87% respectively. Across the full 11-year window we track, SPXN has the edge at +14.91% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -32.1% for SPXN. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPXN 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 0.90% for SPXN.
Holdings Overlap
SCHD and SPXN share 37 holdings out of 459 unique holdings combined, representing a 8.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPXN | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.68% | 3.86% |
| MRK | 4.32% | 0.56% | 3.76% |
| ABT | 4.49% | 0.30% | 4.19% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings SCHD shares with SPXN 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 SPXN?
SCHD has an expense ratio of 0.06% while SPXN 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 SPXN?
Over the past year SCHD returned +31.88% vs +25.50% for SPXN, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.39% vs +14.91% for SPXN. Past performance does not guarantee future results.
Which is riskier, SCHD or SPXN?
SPXN has been the more volatile fund at 15.6% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPXN -32.1%.
Should I hold both SCHD and SPXN?
SCHD and SPXN have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPXN?
SCHD and SPXN share 37 common holdings with a 8.3% weight overlap. Combined, they hold 459 unique securities.
Which pays a higher dividend, SCHD or SPXN?
SCHD yields 3.31% while SPXN yields 0.90%, so SCHD currently pays the higher dividend yield.
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