SCHD vs VOO
SCHD vs VOO
Schwab US Dividend Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SCHD delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SCHD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $103.7B | $979.0B | |
| Dividend Yield | 3.31% | 1.09% | |
| Holdings | 104 | 509 | |
| YTD Return | +23.02% | +11.51% | |
| 1Y Return | +30.75% | +21.46% | |
| 3Y Return (annualized) | +14.89% | +20.86% | |
| 5Y Return (annualized) | +9.38% | +13.01% | |
| Volatility (annualized) | 13.6% | 14.1% | |
| Max Drawdown | -33.4% | -34.3% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 7, 2010 |
SCHD vs VOO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SCHD returned +30.75% while VOO returned +21.46%. Year to date, SCHD is up 23.02% versus a gain of 11.51% for VOO.
Over three years, SCHD compounded at +14.89% per year against +20.86% for VOO; over five years the annualized figures are +9.38% and +13.01% respectively. Across the full 15-year window we track, VOO has the edge at +13.44% annualized vs +11.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while VOO charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.09% for VOO.
Holdings Overlap
SCHD and VOO share 45 holdings out of 560 unique holdings combined, representing a 7.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in VOO | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.59% | 3.95% |
| MRK | 4.32% | 0.49% | 3.83% |
| ABT | 4.49% | 0.25% | 4.24% |
| 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 VOO 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 VOO?
SCHD has an expense ratio of 0.06% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SCHD or VOO?
Over the past year SCHD returned +30.75% vs +21.46% for VOO, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.33% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, SCHD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VOO -34.3%.
Should I hold both SCHD and VOO?
SCHD and VOO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and VOO?
SCHD and VOO share 45 common holdings with a 7.5% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, SCHD or VOO?
SCHD yields 3.31% while VOO yields 1.09%, so SCHD currently pays the higher dividend yield.
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