SCHD vs SPXT
SCHD vs SPXT
Schwab US Dividend Equity ETF vs ProShares S&P 500 Ex-Technology ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SPXT offers more diversification with 429 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPXT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.09% | |
| AUM | $103.7B | $275M | |
| Dividend Yield | 3.31% | 1.37% | |
| Holdings | 104 | 430 | |
| YTD Return | +23.53% | +8.03% | |
| 1Y Return | +30.95% | +17.44% | |
| 3Y Return (annualized) | +14.72% | +15.79% | |
| 5Y Return (annualized) | +9.56% | +9.59% | |
| Volatility (annualized) | 13.6% | 14.4% | |
| Max Drawdown | -33.4% | -34.4% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 22, 2015 |
SCHD vs SPXT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares S&P 500 Ex-Technology ETF (SPXT) is a ETF from ProShares. Over the past year SCHD returned +30.95% while SPXT returned +17.44%. Year to date, SCHD is up 23.53% versus a gain of 8.03% for SPXT.
Over three years, SCHD compounded at +14.72% per year against +15.79% for SPXT; over five years the annualized figures are +9.56% and +9.59% respectively. Across the full 11-year window we track, SCHD has the edge at +11.35% annualized vs +10.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXT has been the more volatile fund, with annualized monthly volatility of 14.4% 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 -34.4% for SPXT. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPXT 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 1.37% for SPXT.
Holdings Overlap
SCHD and SPXT share 42 holdings out of 487 unique holdings combined, representing a 10.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPXT | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.93% | 3.61% |
| MRK | 4.32% | 0.77% | 3.55% |
| HD | 4.16% | 0.85% | 3.31% |
| PG | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings SCHD shares with SPXT 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 SPXT?
SCHD has an expense ratio of 0.06% while SPXT 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 SPXT?
Over the past year SCHD returned +30.95% vs +17.44% for SPXT, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.35% vs +10.79% for SPXT. Past performance does not guarantee future results.
Which is riskier, SCHD or SPXT?
SPXT has been the more volatile fund at 14.4% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPXT -34.4%.
Should I hold both SCHD and SPXT?
SCHD and SPXT have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPXT?
SCHD and SPXT share 42 common holdings with a 10.8% weight overlap. Combined, they hold 487 unique securities.
Which pays a higher dividend, SCHD or SPXT?
SCHD yields 3.31% while SPXT yields 1.37%, so SCHD currently pays the higher dividend yield.
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