SCHD vs VOOG
SCHD vs VOOG
Schwab US Dividend Equity ETF vs Vanguard S&P 500 Growth ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. VOOG offers more diversification with 146 holdings.
Side-by-Side Comparison
| Metric | SCHD | VOOG | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.07% | |
| AUM | $103.7B | $26.3B | |
| Dividend Yield | 3.31% | 0.54% | |
| Holdings | 104 | 151 | |
| YTD Return | +23.31% | +14.77% | |
| 1Y Return | +30.42% | +25.58% | |
| 3Y Return (annualized) | +14.66% | +26.59% | |
| 5Y Return (annualized) | +9.59% | +13.91% | |
| Volatility (annualized) | 13.6% | 15.5% | |
| Max Drawdown | -33.4% | -32.7% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 7, 2010 |
SCHD vs VOOG Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Vanguard S&P 500 Growth ETF (VOOG) is a ETF from Vanguard (US). Over the past year SCHD returned +30.42% while VOOG returned +25.58%. Year to date, SCHD is up 23.31% versus a gain of 14.77% for VOOG.
Over three years, SCHD compounded at +14.66% per year against +26.59% for VOOG; over five years the annualized figures are +9.59% and +13.91% respectively. Across the full 15-year window we track, VOOG has the edge at +15.89% annualized vs +11.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOOG has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -32.7% for VOOG. 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 VOOG charges 0.07%. On a $10,000 position that is $6 vs $7 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.54% for VOOG.
Holdings Overlap
SCHD and VOOG share 3 holdings out of 243 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or VOOG?
SCHD has an expense ratio of 0.06% while VOOG charges 0.07%. SCHD is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SCHD or VOOG?
Over the past year SCHD returned +30.42% vs +25.58% for VOOG, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.34% vs +15.89% for VOOG. Past performance does not guarantee future results.
Which is riskier, SCHD or VOOG?
VOOG has been the more volatile fund at 15.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VOOG -32.7%.
Should I hold both SCHD and VOOG?
SCHD and VOOG 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 VOOG?
SCHD and VOOG share 3 common holdings with a 0.8% weight overlap. Combined, they hold 243 unique securities.
Which pays a higher dividend, SCHD or VOOG?
SCHD yields 3.31% while VOOG yields 0.54%, so SCHD currently pays the higher dividend yield.
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