SCHE vs VOO
SCHE vs VOO
Schwab Emerging Markets Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SCHE offers more diversification with 1409 holdings.
Side-by-Side Comparison
| Metric | SCHE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $12.5B | $979.0B | |
| Dividend Yield | 2.66% | 1.09% | |
| Holdings | 2,210 | 509 | |
| YTD Return | +9.39% | +13.11% | |
| 1Y Return | +22.23% | +22.88% | |
| 3Y Return (annualized) | +16.70% | +21.08% | |
| 5Y Return (annualized) | +6.50% | +13.26% | |
| Volatility (annualized) | 17.2% | 14.1% | |
| Max Drawdown | -43.1% | -34.3% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2010 | Sep 7, 2010 |
SCHE vs VOO Performance
Schwab Emerging Markets Equity ETF (SCHE) 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 SCHE returned +22.23% while VOO returned +22.88%. Year to date, SCHE is up 9.39% versus a gain of 13.11% for VOO.
Over three years, SCHE compounded at +16.70% per year against +21.08% for VOO; over five years the annualized figures are +6.50% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.54% annualized vs +3.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHE has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 14.1% for VOO. 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 -43.1% for SCHE 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHE 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, SCHE currently yields 2.66% against 1.09% for VOO.
Holdings Overlap
SCHE and VOO share 1 holdings out of 1913 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHE | Weight in VOO | Difference |
|---|---|---|---|
| HAL | 0.08% | 0.04% | 0.04% |
Frequently Asked Questions
Which is cheaper, SCHE or VOO?
SCHE 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, SCHE or VOO?
Over the past year SCHE returned +22.23% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SCHE annualized +3.20% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, SCHE or VOO?
SCHE has been the more volatile fund at 17.2% annualized versus 14.1% for VOO. Worst drawdown: SCHE -43.1% vs VOO -34.3%.
Should I hold both SCHE and VOO?
SCHE and VOO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHE and VOO?
SCHE and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1913 unique securities.
Which pays a higher dividend, SCHE or VOO?
SCHE yields 2.66% while VOO yields 1.09%, so SCHE currently pays the higher dividend yield.
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