FYEE vs SCHD
Fidelity Yield Enhanced Equity ETF vs Schwab US Dividend Equity ETF
Which is better, FYEE or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. FYEE is less concentrated, with 39.8% 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 | FYEE | SCHD |
|---|---|---|
| Expense Ratio | 0.28% | 0.06%Best |
| AUM | $255M | $108.9B |
| Dividend Yield | 8.15% | 3.00% |
| Holdings | 372 | 206 |
| YTD Return | +5.19% | +23.29%Best |
| 1Y Return | +8.45% | +29.70%Best |
| 3Y Return (annualized) | - | +16.26% |
| 5Y Return (annualized) | - | +9.65% |
| Volatility (annualized) | 9.8%Best | 13.3% |
| Max Drawdown | -18.8% | -16.1%Best |
| $10,000 over 2.5 years | $13,502 | $14,065Best |
| Top 10 Weight | 39.8%Best | 41.8% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 9, 2024 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 11, 2024 to Oct 13, 2026 (2.5 years).
FYEE 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 2.5 years both funds cover.
FYEE vs SCHD Performance
Fidelity Yield Enhanced Equity ETF (FYEE) 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 FYEE returned +8.45% while SCHD returned +29.70%. Year to date, FYEE is up 5.19% versus a gain of 23.29% 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 13.3% compared with 9.8% for FYEE. 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 -18.8% for FYEE 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 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FYEE 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, FYEE currently yields 8.15% against 3.00% for SCHD.
Holdings Overlap
7.6% of FYEE's money is in holdings SCHD also owns. 42.3% of SCHD's money is in holdings FYEE also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 170 positions we hold weights for in FYEE and 99 in SCHD, against full books of 372 and 206.
What only one of them owns
Our book lists 86 positions for SCHD that do not appear in our book for FYEE (57.6% of the fund), and 145 for FYEE that do not appear in SCHD (90.8%).
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 FYEE | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.71% | 4.77% | 4.06% |
| CVXChevron Corp | 0.85% | 4.29% | 3.44% |
| ABTAbbott Laboratories | 0.59% | 4.44% | 3.85% |
| KOCoca Cola Co. | 0.66% | 4.26% | 3.60% |
| UNHUnitedhealth Group Incorporated | 0.93% | 3.82% | 2.89% |
| COPConocophillips Common Stock USD 0.01 | 0.36% | 4.19% | 3.83% |
| PEPPepsico Inc. | 0.48% | 3.63% | 3.15% |
| BMYBristol-Myers Squibb Co. | 0.69% | 3.25% | 2.56% |
| TXNTexas Instrument Inc | 0.60% | 3.31% | 2.71% |
| QCOMQualcomm Inc. | 0.81% | 2.76% | 1.95% |
42.3% of SCHD is already inside FYEE.
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, FYEE or SCHD?
FYEE 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, FYEE or SCHD?
Over the past year FYEE returned +8.45% vs +29.70% 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, FYEE or SCHD?
SCHD has been the more volatile fund at 13.3% annualized versus 9.8% for FYEE. Worst drawdown: FYEE -18.8% vs SCHD -16.1%.
Should I hold both FYEE and SCHD?
FYEE and SCHD have a monthly-return correlation of 0.48, 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 FYEE and SCHD?
42.3% of SCHD's money is in holdings FYEE also owns. 42.3% of SCHD's is in holdings FYEE also owns. They hold 12 positions in common, counted across the 170 positions we hold weights for in FYEE and 99 in SCHD.
Which pays a higher dividend, FYEE or SCHD?
FYEE yields 8.15% while SCHD yields 3.00%, so FYEE currently pays the higher dividend yield.
Is SCHD better than FYEE?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. FYEE is less concentrated, with 39.8% 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.