DIVG vs SCHD
Invesco S&P 500 High Dividend Growers ETF vs Schwab US Dividend Equity ETF
Which is better, DIVG or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. DIVG led over the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.90. DIVG is less concentrated, with 21.0% of the fund in its ten largest positions against 41.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVG | SCHD |
|---|---|---|
| Expense Ratio | 0.39% | 0.06%Best |
| AUM | $11M | $111.6B |
| Dividend Yield | 3.19% | 3.24% |
| Holdings | 204 | 206 |
| YTD Return | +14.53% | +24.55%Best |
| 1Y Return | +16.58% | +29.85%Best |
| 3Y Return (annualized) | - | +16.64% |
| 5Y Return (annualized) | - | +9.54% |
| Volatility (annualized) | 11.4%Best | 13.2% |
| Max Drawdown | -15.0%Best | -16.1% |
| $10,000 over 2.9 years | $15,861Best | $15,588 |
| Top 10 Weight | 21.0%Best | 41.6% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Dec 6, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 14, 2026 (2.9 years).
DIVG vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
DIVG vs SCHD Performance
Invesco S&P 500 High Dividend Growers ETF (DIVG) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DIVG returned +16.58% while SCHD returned +29.85%. Year to date, DIVG is up 14.53% versus a gain of 24.55% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 11.4% for DIVG. 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 -15.0% for DIVG and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVG charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, DIVG currently yields 3.19% against 3.24% for SCHD.
Holdings Overlap
28.4% of DIVG's money is in holdings SCHD also owns. 55.7% of SCHD's money is in holdings DIVG also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 100 positions we hold weights for in DIVG and 98 in SCHD, against full books of 204 and 206.
What only one of them owns
Our book lists 73 positions for SCHD that do not appear in our book for DIVG (44.0% of the fund), and 76 for DIVG that do not appear in SCHD (71.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVG | Weight in SCHD | Difference |
|---|---|---|---|
| VZVerizon Communic | 1.71% | 3.88% | 2.17% |
| CVXChevron Corp | 1.17% | 4.14% | 2.97% |
| UNHUnitedhealth Group Incorporated | 1.31% | 3.95% | 2.64% |
| PGProcter & Gamble Company | 0.99% | 4.16% | 3.17% |
| MRKMerck & Company Inc | 1.07% | 4.04% | 2.97% |
| MOAltria Group Inc | 2.13% | 2.89% | 0.76% |
| AMGNAmgen Inc. | 1.08% | 3.86% | 2.78% |
| PEPPepsico Inc. | 0.98% | 3.80% | 2.82% |
| COPConocophillips Common Stock USD 0.01 | 0.83% | 3.91% | 3.08% |
| ABTAbbot Laboratories | 0.77% | 3.74% | 2.97% |
55.7% of SCHD is already inside DIVG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVG or SCHD?
DIVG has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, DIVG or SCHD?
Over the past year DIVG returned +16.58% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVG or SCHD?
SCHD has been the more volatile fund at 13.2% annualized versus 11.4% for DIVG. Worst drawdown: DIVG -15.0% vs SCHD -16.1%.
Should I hold both DIVG and SCHD?
DIVG and SCHD have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIVG and SCHD?
55.7% of SCHD's money is in holdings DIVG also owns. 55.7% of SCHD's is in holdings DIVG also owns. They hold 24 positions in common, counted across the 100 positions we hold weights for in DIVG and 98 in SCHD.
Which pays a higher dividend, DIVG or SCHD?
DIVG yields 3.19% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DIVG?
SCHD has a lower expense ratio. DIVG led over the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.90. DIVG is less concentrated, with 21.0% of the fund in its ten largest positions against 41.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.