SCHD vs WIW
SCHD vs WIW
Schwab US Dividend Equity ETF vs Western Asset Inflation-Linked Opportunities & 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 | WIW | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.71% | |
| AUM | $103.7B | $569M | |
| Dividend Yield | 3.31% | 7.95% | |
| Holdings | 104 | 161 | |
| YTD Return | +22.69% | +1.37% | |
| 1Y Return | +30.94% | +2.76% | |
| 3Y Return (annualized) | +14.20% | +6.49% | |
| 5Y Return (annualized) | +9.59% | -0.03% | |
| Volatility (annualized) | 13.7% | 10.0% | |
| Max Drawdown | -33.4% | -43.9% | |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Feb 27, 2004 |
SCHD vs WIW Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Western Asset Inflation-Linked Opportunities & Income Fund (WIW) is a ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +30.94% while WIW returned +2.76%. Year to date, SCHD is up 22.69% versus a gain of 1.37% for WIW.
Over three years, SCHD compounded at +14.20% per year against +6.49% for WIW; over five years the annualized figures are +9.59% and -0.03% respectively. Across the full 15-year window we track, SCHD has the edge at +11.31% annualized vs -0.44%. 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 10.0% for WIW. 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 -43.9% for WIW. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WIW charges 0.71%. On a $10,000 position that is $6 vs $71 annually, a gap of $65 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.95% for WIW.
Holdings Overlap
SCHD and WIW share 0 holdings out of 196 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 WIW?
SCHD has an expense ratio of 0.06% while WIW charges 0.71%. SCHD is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, SCHD or WIW?
Over the past year SCHD returned +30.94% vs +2.76% for WIW, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.31% vs -0.44% for WIW. Past performance does not guarantee future results.
Which is riskier, SCHD or WIW?
SCHD has been the more volatile fund at 13.7% annualized versus 10.0% for WIW. Worst drawdown: SCHD -33.4% vs WIW -43.9%.
Should I hold both SCHD and WIW?
SCHD and WIW have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WIW?
SCHD and WIW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 196 unique securities.
Which pays a higher dividend, SCHD or WIW?
SCHD yields 3.31% while WIW yields 7.95%, so WIW currently pays the higher dividend yield.
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