SCHD vs VOOV
SCHD vs VOOV
Schwab US Dividend Equity ETF vs Vanguard S&P 500 Value ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. VOOV offers more diversification with 437 holdings.
Side-by-Side Comparison
| Metric | SCHD | VOOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.07% | |
| AUM | $103.7B | $6.5B | |
| Dividend Yield | 3.31% | 2.16% | |
| Holdings | 104 | 451 | |
| YTD Return | +23.02% | +10.42% | |
| 1Y Return | +30.75% | +20.79% | |
| 3Y Return (annualized) | +14.89% | +14.75% | |
| 5Y Return (annualized) | +9.38% | +11.48% | |
| Volatility (annualized) | 13.6% | 14.3% | |
| Max Drawdown | -33.4% | -37.7% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 7, 2010 |
SCHD vs VOOV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Vanguard S&P 500 Value ETF (VOOV) is a ETF from Vanguard (US). Over the past year SCHD returned +30.75% while VOOV returned +20.79%. Year to date, SCHD is up 23.02% versus a gain of 10.42% for VOOV.
Over three years, SCHD compounded at +14.89% per year against +14.75% for VOOV; over five years the annualized figures are +9.38% and +11.48% respectively. Across the full 15-year window we track, SCHD has the edge at +11.33% annualized vs +10.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOOV has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -37.7% for VOOV. 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 VOOV 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 2.16% for VOOV.
Holdings Overlap
SCHD and VOOV share 45 holdings out of 492 unique holdings combined, representing a 15.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in VOOV | Difference |
|---|---|---|---|
| UNH | 4.54% | 1.30% | 3.24% |
| MRK | 4.32% | 1.09% | 3.23% |
| HD | 4.16% | 1.21% | 2.95% |
| PG | Pro | Pro | Pro |
| ABT | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings SCHD shares with VOOV 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 VOOV?
SCHD has an expense ratio of 0.06% while VOOV 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 VOOV?
Over the past year SCHD returned +30.75% vs +20.79% for VOOV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.33% vs +10.58% for VOOV. Past performance does not guarantee future results.
Which is riskier, SCHD or VOOV?
VOOV has been the more volatile fund at 14.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VOOV -37.7%.
Should I hold both SCHD and VOOV?
SCHD and VOOV 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 VOOV?
SCHD and VOOV share 45 common holdings with a 15.7% weight overlap. Combined, they hold 492 unique securities.
Which pays a higher dividend, SCHD or VOOV?
SCHD yields 3.31% while VOOV yields 2.16%, so SCHD currently pays the higher dividend yield.
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