SCHD vs SWPPX
SCHD vs SWPPX
Schwab US Dividend Equity ETF vs Schwab S&P 500 Index Fund
Quick Verdict
SWPPX has a lower expense ratio. SCHD delivered stronger 1-year returns. SWPPX offers more diversification with 500 holdings.
Side-by-Side Comparison
| Metric | SCHD | SWPPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.02% | |
| AUM | $103.7B | $142.8B | |
| Dividend Yield | 3.31% | 1.01% | |
| Holdings | 104 | 502 | |
| YTD Return | +24.08% | +11.55% | |
| 1Y Return | +31.88% | -79.97% | |
| 3Y Return (annualized) | +14.92% | -34.34% | |
| 5Y Return (annualized) | +9.85% | -22.11% | |
| Volatility (annualized) | 13.6% | 40.5% | |
| Max Drawdown | -33.4% | -83.7% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 19, 1997 |
SCHD vs SWPPX Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Schwab S&P 500 Index Fund (SWPPX) is a mutual fund from Charles Schwab Asset Management. Over the past year SCHD returned +31.88% while SWPPX returned -79.97%. Year to date, SCHD is up 24.08% versus a gain of 11.55% for SWPPX.
Over three years, SCHD compounded at +14.92% per year against -34.34% for SWPPX; over five years the annualized figures are +9.85% and -22.11% respectively. Across the full 5-year window we track, SCHD has the edge at +11.39% annualized vs -22.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SWPPX has been the more volatile fund, with annualized monthly volatility of 40.5% 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 -83.7% for SWPPX. 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SWPPX charges 0.02%. On a $10,000 position that is $6 vs $2 annually, a gap of $4 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.01% for SWPPX.
Holdings Overlap
SCHD and SWPPX share 46 holdings out of 554 unique holdings combined, representing a 8.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SWPPX | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.44% | 4.10% |
| ABT | 4.49% | 0.32% | 4.17% |
| HD | 4.16% | 0.63% | 3.53% |
| MRK | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
See all 10 holdings SCHD shares with SWPPX 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 SWPPX?
SCHD has an expense ratio of 0.06% while SWPPX charges 0.02%. SWPPX is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, SCHD or SWPPX?
Over the past year SCHD returned +31.88% vs -79.97% for SWPPX, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.39% vs -22.11% for SWPPX. Past performance does not guarantee future results.
Which is riskier, SCHD or SWPPX?
SWPPX has been the more volatile fund at 40.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SWPPX -83.7%.
Should I hold both SCHD and SWPPX?
SCHD and SWPPX have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SWPPX?
SCHD and SWPPX share 46 common holdings with a 8.1% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, SCHD or SWPPX?
SCHD yields 3.31% while SWPPX yields 1.01%, so SCHD currently pays the higher dividend yield.
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