EVT vs SCHD
Eaton Vance Tax-Advantaged Dividend Income Fund vs Schwab US Dividend Equity ETF
Which is better, EVT or SCHD?
Equity-oriented Balanced against Large Cap Value.
SCHD has a lower expense ratio. EVT led over 3Y, SCHD over 1Y, 5Y and the full window. EVT is less concentrated, with 28.3% of the fund in its ten largest positions against 41.8%.
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 | EVT | SCHD |
|---|---|---|
| Expense Ratio | 1.59% | 0.06%Best |
| AUM | $2.3B | $108.9B |
| Dividend Yield | 6.41% | 3.00% |
| Holdings | 162 | 206 |
| YTD Return | +16.61% | +23.29%Best |
| 1Y Return | +23.01% | +29.70%Best |
| 3Y Return (annualized) | +19.50%Best | +16.26% |
| 5Y Return (annualized) | +7.76% | +9.65%Best |
| Volatility (annualized) | 18.1% | 13.7%Best |
| Max Drawdown | -52.8% | -33.4%Best |
| $10,000 over 5 years | $14,531 | $15,851Best |
| Top 10 Weight | 28.3%Best | 41.8% |
| Fund Family | Eaton Vance | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Value |
| Inception | Sep 30, 2003 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 13, 2026 (15 years).
EVT 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.
EVT vs SCHD Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is an ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year EVT returned +23.01% while SCHD returned +29.70%. Year to date, EVT is up 16.61% versus a gain of 23.29% for SCHD.
Over three years, EVT compounded at +19.50% per year against +16.26% for SCHD; over five years the annualized figures are +7.76% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.19% annualized vs +7.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVT has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 13.7% for SCHD. 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 -52.8% for EVT 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVT charges 1.59% per year while SCHD charges 0.06%. On a $10,000 position that is $159 vs $6 annually, a gap of $153 per year that compounds over a long holding period. On income, EVT currently yields 6.41% against 3.00% for SCHD.
Holdings Overlap
11.2% of EVT's money is in holdings SCHD also owns. 30.5% of SCHD's money is in holdings EVT also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 127 positions we hold weights for in EVT and 99 in SCHD, against full books of 162 and 206.
What only one of them owns
Our book lists 88 positions for SCHD that do not appear in our book for EVT (69.4% of the fund), and 112 for EVT that do not appear in SCHD (83.4%).
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 EVT | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.72% | 4.77% | 3.05% |
| CVXChevron Corp | 1.41% | 4.29% | 2.88% |
| ABTAbbott Laboratories | 1.12% | 4.44% | 3.32% |
| KOCoca Cola Co. | 0.95% | 4.26% | 3.31% |
| COPConocophillips Common Stock USD 0.01 | 0.99% | 4.19% | 3.20% |
| BMYBristol-Myers Squibb Co. | 1.62% | 3.25% | 1.63% |
| UPSUnited Parcel Service, Inc | 1.14% | 1.87% | 0.73% |
| EOGEog Resources Inc | 0.72% | 1.96% | 1.24% |
| HSYHershey Co. | 0.99% | 0.64% | 0.35% |
| KMBKimberly-Clark Corp. | 0.57% | 0.82% | 0.25% |
30.5% of SCHD is already inside EVT.
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, EVT or SCHD?
EVT has an expense ratio of 1.59% while SCHD charges 0.06%. SCHD is the cheaper option, by $153 a year on a $10,000 investment.
Which performed better, EVT or SCHD?
Over the past year EVT returned +23.01% vs +29.70% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EVT annualized +7.62% vs +11.19% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVT or SCHD?
EVT has been the more volatile fund at 18.1% annualized versus 13.7% for SCHD. Worst drawdown: EVT -52.8% vs SCHD -33.4%.
Should I hold both EVT and SCHD?
EVT and SCHD have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EVT and SCHD?
30.5% of SCHD's money is in holdings EVT also owns. 30.5% of SCHD's is in holdings EVT also owns. They hold 10 positions in common, counted across the 127 positions we hold weights for in EVT and 99 in SCHD.
Which pays a higher dividend, EVT or SCHD?
EVT yields 6.41% while SCHD yields 3.00%, so EVT currently pays the higher dividend yield.
Is SCHD better than EVT?
SCHD has a lower expense ratio. EVT led over 3Y, SCHD over 1Y, 5Y and the full window. EVT is less concentrated, with 28.3% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.