SCHD vs SPYG
SCHD vs SPYG
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio S&P 500 Growth ETF
Quick Verdict
SPYG has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPYG | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $103.7B | $50.7B | |
| Dividend Yield | 3.31% | 0.48% | |
| Holdings | 104 | 149 | |
| YTD Return | +23.53% | +14.74% | |
| 1Y Return | +30.95% | +24.06% | |
| 3Y Return (annualized) | +14.72% | +26.49% | |
| 5Y Return (annualized) | +9.56% | +13.98% | |
| Volatility (annualized) | 13.6% | 17.7% | |
| Max Drawdown | -33.4% | -69.7% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 25, 2000 |
SCHD vs SPYG Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is a ETF from State Street Investment Management. Over the past year SCHD returned +30.95% while SPYG returned +24.06%. Year to date, SCHD is up 23.53% versus a gain of 14.74% for SPYG.
Over three years, SCHD compounded at +14.72% per year against +26.49% for SPYG; over five years the annualized figures are +9.56% and +13.98% respectively. Across the full 15-year window we track, SCHD has the edge at +11.35% annualized vs +6.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYG has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -69.7% for SPYG. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPYG 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 0.48% for SPYG.
Holdings Overlap
SCHD and SPYG share 1 holdings out of 116 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPYG | Difference |
|---|---|---|---|
| AMGN | 4.25% | 0.38% | 3.87% |
Frequently Asked Questions
Which is cheaper, SCHD or SPYG?
SCHD has an expense ratio of 0.06% while SPYG charges 0.04%. SPYG is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or SPYG?
Over the past year SCHD returned +30.95% vs +24.06% for SPYG, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.35% vs +6.64% for SPYG. Past performance does not guarantee future results.
Which is riskier, SCHD or SPYG?
SPYG has been the more volatile fund at 17.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPYG -69.7%.
Should I hold both SCHD and SPYG?
SCHD and SPYG have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPYG?
SCHD and SPYG share 1 common holdings with a 0.4% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, SCHD or SPYG?
SCHD yields 3.31% while SPYG yields 0.48%, so SCHD currently pays the higher dividend yield.
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