SCHD vs WIA
SCHD vs WIA
Schwab US Dividend Equity ETF vs Western Asset Inflation-Linked Income Fund
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | WIA | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.83% | |
| AUM | $103.7B | $205M | |
| Dividend Yield | 3.31% | 6.98% | |
| Holdings | 104 | 161 | |
| YTD Return | +22.69% | +0.52% | |
| 1Y Return | +30.94% | +2.58% | |
| 3Y Return (annualized) | +14.20% | +6.05% | |
| 5Y Return (annualized) | +9.59% | -1.34% | |
| Volatility (annualized) | 13.7% | 9.8% | |
| Max Drawdown | -33.4% | -43.6% | |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Sep 30, 2003 |
SCHD vs WIA Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Western Asset Inflation-Linked Income Fund (WIA) is a ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +30.94% while WIA returned +2.58%. Year to date, SCHD is up 22.69% versus a gain of 0.52% for WIA.
Over three years, SCHD compounded at +14.20% per year against +6.05% for WIA; over five years the annualized figures are +9.59% and -1.34% respectively. Across the full 15-year window we track, SCHD has the edge at +11.31% annualized vs -0.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 9.8% for WIA. 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 -43.6% for WIA. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WIA charges 0.83%. On a $10,000 position that is $6 vs $83 annually, a gap of $77 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 6.98% for WIA.
Holdings Overlap
SCHD and WIA share 0 holdings out of 189 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or WIA?
SCHD has an expense ratio of 0.06% while WIA charges 0.83%. SCHD is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, SCHD or WIA?
Over the past year SCHD returned +30.94% vs +2.58% for WIA, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.31% vs -0.47% for WIA. Past performance does not guarantee future results.
Which is riskier, SCHD or WIA?
SCHD has been the more volatile fund at 13.7% annualized versus 9.8% for WIA. Worst drawdown: SCHD -33.4% vs WIA -43.6%.
Should I hold both SCHD and WIA?
SCHD and WIA have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WIA?
SCHD and WIA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 189 unique securities.
Which pays a higher dividend, SCHD or WIA?
SCHD yields 3.31% while WIA yields 6.98%, so WIA currently pays the higher dividend yield.
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