FELV vs SCHD
Fidelity Enhanced Large Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, FELV or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. FELV led over 3Y and the full window, SCHD over 1Y. FELV is less concentrated, with 30.1% 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 | FELV | SCHD |
|---|---|---|
| Expense Ratio | 0.18% | 0.06%Best |
| AUM | $3.4B | $111.6B |
| Dividend Yield | 1.43% | 3.24% |
| Holdings | 364 | 206 |
| YTD Return | +22.64% | +24.55%Best |
| 1Y Return | +29.22% | +29.85%Best |
| 3Y Return (annualized) | +21.98%Best | +16.64% |
| 5Y Return (annualized) | - | +9.54% |
| Volatility (annualized) | 11.6%Best | 13.4% |
| Max Drawdown | -16.1%Tie | -16.1%Tie |
| $10,000 over 2.9 years | $17,793Best | $15,782 |
| Top 10 Weight | 30.1%Best | 41.6% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 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: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
FELV 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.
FELV vs SCHD Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FELV returned +29.22% while SCHD returned +29.85%. Year to date, FELV is up 22.64% versus a gain of 24.55% for SCHD.
Over three years, FELV compounded at +21.98% per year against +16.64% 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 13.4% compared with 11.6% for FELV. 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 -16.1% for FELV 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, FELV currently yields 1.43% against 3.24% for SCHD.
Holdings Overlap
10.9% of FELV's money is in holdings SCHD also owns. 73.7% of SCHD's money is in holdings FELV also owns.
Most of SCHD is already inside FELV. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 389 positions we hold weights for in FELV and 98 in SCHD, against full books of 364 and 206.
What only one of them owns
Our book lists 67 positions for SCHD that do not appear in our book for FELV (26.0% of the fund), and 306 for FELV that do not appear in SCHD (88.0%).
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 FELV | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 1.21% | 4.14% | 2.93% |
| UNHUnitedhealth Group Incorporated | 1.23% | 3.95% | 2.72% |
| PGProcter & Gamble Company | 0.99% | 4.16% | 3.17% |
| QCOMQualcomm Inc. | 0.49% | 4.61% | 4.12% |
| MRKMerck & Company Inc | 0.97% | 4.04% | 3.07% |
| TXNTexas Instrument Inc | 0.09% | 4.89% | 4.80% |
| KOCoca Cola Co. | 0.56% | 4.12% | 3.56% |
| ABTAbbot Laboratories | 0.79% | 3.74% | 2.95% |
| COPConocophillips Common Stock USD 0.01 | 0.49% | 3.91% | 3.42% |
| PEPPepsico Inc. | 0.48% | 3.80% | 3.32% |
73.7% of SCHD is already inside FELV.
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, FELV or SCHD?
FELV has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FELV or SCHD?
Over the past year FELV returned +29.22% 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, FELV or SCHD?
SCHD has been the more volatile fund at 13.4% annualized versus 11.6% for FELV. Worst drawdown: FELV -16.1% vs SCHD -16.1%.
Should I hold both FELV and SCHD?
FELV and SCHD have a monthly-return correlation of 0.81, 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 FELV and SCHD?
73.7% of SCHD's money is in holdings FELV also owns. 73.7% of SCHD's is in holdings FELV also owns. They hold 30 positions in common, counted across the 389 positions we hold weights for in FELV and 98 in SCHD.
Which pays a higher dividend, FELV or SCHD?
FELV yields 1.43% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FELV?
SCHD has a lower expense ratio. FELV led over 3Y and the full window, SCHD over 1Y. FELV is less concentrated, with 30.1% 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.