SCHD vs SPYV
SCHD vs SPYV
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio S&P 500 Value ETF
Quick Verdict
SPYV has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPYV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $103.7B | $36.3B | |
| Dividend Yield | 3.31% | 1.72% | |
| Holdings | 104 | 440 | |
| YTD Return | +24.26% | +11.76% | |
| 1Y Return | +31.38% | +21.63% | |
| 3Y Return (annualized) | +15.08% | +14.76% | |
| 5Y Return (annualized) | +9.72% | +11.60% | |
| Volatility (annualized) | 13.6% | 25.1% | |
| Max Drawdown | -33.4% | -60.4% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 25, 2000 |
SCHD vs SPYV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a ETF from State Street Investment Management. Over the past year SCHD returned +31.38% while SPYV returned +21.63%. Year to date, SCHD is up 24.26% versus a gain of 11.76% for SPYV.
Over three years, SCHD compounded at +15.08% per year against +14.76% for SPYV; over five years the annualized figures are +9.72% and +11.60% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +8.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.1% 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 -60.4% for SPYV. 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 0.93. 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 SPYV 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 1.72% for SPYV.
Holdings Overlap
SCHD and SPYV share 6 holdings out of 140 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPYV | Difference |
|---|---|---|---|
| ABT | 4.49% | 0.57% | 3.92% |
| CVX | 3.95% | 1.07% | 2.88% |
| AMGN | 4.25% | 0.21% | 4.04% |
| ADP | Pro | Pro | Pro |
| ADM | Pro | Pro | Pro |
| BBY | Pro | Pro | Pro |
See all 6 holdings SCHD shares with SPYV 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 SPYV?
SCHD has an expense ratio of 0.06% while SPYV charges 0.04%. SPYV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or SPYV?
Over the past year SCHD returned +31.38% vs +21.63% for SPYV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +8.64% for SPYV. Past performance does not guarantee future results.
Which is riskier, SCHD or SPYV?
SPYV has been the more volatile fund at 25.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPYV -60.4%.
Should I hold both SCHD and SPYV?
SCHD and SPYV have a monthly-return correlation of 0.93, 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 SPYV?
SCHD and SPYV share 6 common holdings with a 2.4% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, SCHD or SPYV?
SCHD yields 3.31% while SPYV yields 1.72%, so SCHD currently pays the higher dividend yield.
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