GSEW vs SCHD
Goldman Sachs Equal Weight US Large Cap Equity ETF vs Schwab US Dividend Equity ETF
Which is better, GSEW or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. GSEW led over 3Y and the full window, SCHD over 1Y and 5Y. GSEW is less concentrated, with 2.8% 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 | GSEW | SCHD |
|---|---|---|
| Expense Ratio | 0.09% | 0.06%Best |
| AUM | $2.1B | $111.6B |
| Dividend Yield | 1.43% | 3.24% |
| Holdings | 499 | 206 |
| YTD Return | +10.45% | +24.55%Best |
| 1Y Return | +11.80% | +29.85%Best |
| 3Y Return (annualized) | +17.65%Best | +16.64% |
| 5Y Return (annualized) | +7.89% | +9.54%Best |
| Volatility (annualized) | 17.1% | 16.1%Best |
| Max Drawdown | -38.6% | -33.4%Best |
| $10,000 over 5 years | $14,619 | $15,771Best |
| Top 10 Weight | 2.8%Best | 41.6% |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 12, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 14, 2017 to Oct 14, 2026 (9.1 years).
GSEW 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 9.1 years both funds cover.
GSEW vs SCHD Performance
Goldman Sachs Equal Weight US Large Cap Equity ETF (GSEW) is an ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year GSEW returned +11.80% while SCHD returned +29.85%. Year to date, GSEW is up 10.45% versus a gain of 24.55% for SCHD.
Over three years, GSEW compounded at +17.65% per year against +16.64% for SCHD; over five years the annualized figures are +7.89% and +9.54% respectively. Across the full 9-year window we track, GSEW has the edge at +11.40% annualized vs +11.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSEW has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 16.1% 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 -38.6% for GSEW 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSEW charges 0.09% per year while SCHD charges 0.06%. On a $10,000 position that is $9 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, GSEW currently yields 1.43% against 3.24% for SCHD.
Holdings Overlap
8.0% of GSEW's money is in holdings SCHD also owns. 93.8% of SCHD's money is in holdings GSEW also owns.
Most of SCHD is already inside GSEW. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 498 positions we hold weights for in GSEW and 98 in SCHD, against full books of 499 and 206.
What only one of them owns
Our book lists 55 positions for SCHD that do not appear in our book for GSEW (6.0% of the fund), and 443 for GSEW that do not appear in SCHD (89.3%).
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 GSEW | Weight in SCHD | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 0.23% | 4.89% | 4.66% |
| QCOMQualcomm Inc. | 0.22% | 4.61% | 4.39% |
| PGProcter & Gamble Company | 0.20% | 4.16% | 3.96% |
| CVXChevron Corp | 0.20% | 4.14% | 3.94% |
| KOCoca Cola Co. | 0.20% | 4.12% | 3.92% |
| MRKMerck & Company Inc | 0.20% | 4.04% | 3.84% |
| UNHUnitedhealth Group Incorporated | 0.19% | 3.95% | 3.76% |
| COPConocophillips Common Stock USD 0.01 | 0.19% | 3.91% | 3.72% |
| VZVerizon Communic | 0.19% | 3.88% | 3.69% |
| AMGNAmgen Inc. | 0.19% | 3.86% | 3.67% |
93.8% of SCHD is already inside GSEW.
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, GSEW or SCHD?
GSEW has an expense ratio of 0.09% while SCHD charges 0.06%. SCHD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, GSEW or SCHD?
Over the past year GSEW returned +11.80% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), GSEW annualized +11.40% vs +11.30% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSEW or SCHD?
GSEW has been the more volatile fund at 17.1% annualized versus 16.1% for SCHD. Worst drawdown: GSEW -38.6% vs SCHD -33.4%.
Should I hold both GSEW and SCHD?
GSEW and SCHD have a monthly-return correlation of 0.89, 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 GSEW and SCHD?
93.8% of SCHD's money is in holdings GSEW also owns. 93.8% of SCHD's is in holdings GSEW also owns. They hold 42 positions in common, counted across the 498 positions we hold weights for in GSEW and 98 in SCHD.
Which pays a higher dividend, GSEW or SCHD?
GSEW yields 1.43% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GSEW?
SCHD has a lower expense ratio. GSEW led over 3Y and the full window, SCHD over 1Y and 5Y. GSEW is less concentrated, with 2.8% 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.