DLN vs SCHD
WisdomTree US LargeCap Dividend Fund vs Schwab US Dividend Equity ETF
Which is better, DLN or SCHD?
Nearly the same fund. SCHD costs less.
SCHD has a lower expense ratio. DLN led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.95. DLN is less concentrated, with 26.7% 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 | DLN | SCHD |
|---|---|---|
| Expense Ratio | 0.28% | 0.06%Best |
| AUM | $6.3B | $111.6B |
| Dividend Yield | 1.79% | 3.24% |
| Holdings | 310 | 206 |
| YTD Return | +13.68% | +24.55%Best |
| 1Y Return | +17.05% | +29.85%Best |
| 3Y Return (annualized) | +19.42%Best | +16.64% |
| 5Y Return (annualized) | +12.52%Best | +9.54% |
| Volatility (annualized) | 12.6%Best | 13.7% |
| Max Drawdown | -35.8% | -33.4%Best |
| $10,000 over 5 years | $18,036Best | $15,771 |
| Top 10 Weight | 26.7%Best | 41.6% |
| Fund Family | WisdomTree Investments | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 16, 2006 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 14, 2026 (15 years).
DLN 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 15 years both funds cover.
DLN vs SCHD Performance
WisdomTree US LargeCap Dividend Fund (DLN) is an ETF from WisdomTree Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DLN returned +17.05% while SCHD returned +29.85%. Year to date, DLN is up 13.68% versus a gain of 24.55% for SCHD.
Over three years, DLN compounded at +19.42% per year against +16.64% for SCHD; over five years the annualized figures are +12.52% and +9.54% respectively. Across the full 15-year window we track, DLN has the edge at +12.98% annualized vs +11.26%.
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 12.6% for DLN. 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 -35.8% for DLN and -33.4% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DLN charges 0.28% per year while SCHD charges 0.06%. On a $10,000 position that is $28 vs $6 annually, a gap of $22 per year that compounds over a long holding period. On income, DLN currently yields 1.79% against 3.24% for SCHD.
Holdings Overlap
19.7% of DLN's money is in holdings SCHD also owns. 84.3% of SCHD's money is in holdings DLN also owns.
Most of SCHD is already inside DLN. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 310 positions we hold weights for in DLN and 98 in SCHD, against full books of 310 and 206.
What only one of them owns
Measured across the 310 and 98 positions we hold weights for.
SCHD holds 61 positions DLN does not, 15.5% of the fund.
Largest: ACN 3.13%, SLB 1.86%, UPS 1.79%, OKE 1.42%, PAYX 0.81%
Top Shared Holdings
| Stock | Weight in DLN | Weight in SCHD | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 1.07% | 4.89% | 3.82% |
| CVXChevron Corp | 1.81% | 4.14% | 2.33% |
| MRKMerck & Company Inc | 1.55% | 4.04% | 2.49% |
| KOCoca Cola Co. | 1.38% | 4.12% | 2.74% |
| PGProcter & Gamble Company | 1.26% | 4.16% | 2.90% |
| QCOMQualcomm Inc. | 0.53% | 4.61% | 4.08% |
| UNHUnitedhealth Group Incorporated | 1.13% | 3.95% | 2.82% |
| AMGNAmgen Inc. | 1.16% | 3.86% | 2.70% |
| VZVerizon Communic | 1.11% | 3.88% | 2.77% |
| HDHome Depot Inc/The | 0.93% | 3.77% | 2.84% |
84.3% of SCHD is already inside DLN.
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, DLN or SCHD?
DLN has an expense ratio of 0.28% while SCHD charges 0.06%. SCHD is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, DLN or SCHD?
Over the past year DLN returned +17.05% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DLN annualized +12.98% vs +11.26% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DLN or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 12.6% for DLN. Worst drawdown: DLN -35.8% vs SCHD -33.4%.
Should I hold both DLN and SCHD?
DLN and SCHD have a monthly-return correlation of 0.95, 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 DLN and SCHD?
84.3% of SCHD's money is in holdings DLN also owns. 84.3% of SCHD's is in holdings DLN also owns. They hold 36 positions in common, counted across the 310 positions we hold weights for in DLN and 98 in SCHD.
Which pays a higher dividend, DLN or SCHD?
DLN yields 1.79% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DLN?
SCHD has a lower expense ratio. DLN led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.95. DLN is less concentrated, with 26.7% 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.