GSLC vs SCHD
Goldman Sachs ActiveBeta US Large Cap Equity ETF vs Schwab US Dividend Equity ETF
Which is better, GSLC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. GSLC led over 3Y, 5Y and the full window, SCHD over 1Y. GSLC is less concentrated, with 31.3% 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 | GSLC | SCHD |
|---|---|---|
| Expense Ratio | 0.09% | 0.06%Best |
| AUM | $15.3B | $111.6B |
| Dividend Yield | 1.02% | 3.24% |
| Holdings | 347 | 206 |
| YTD Return | +11.73% | +24.55%Best |
| 1Y Return | +15.11% | +29.85%Best |
| 3Y Return (annualized) | +21.03%Best | +16.64% |
| 5Y Return (annualized) | +12.07%Best | +9.54% |
| Volatility (annualized) | 14.8%Best | 15.0% |
| Max Drawdown | -33.7% | -33.4%Best |
| $10,000 over 5 years | $17,679Best | $15,771 |
| Top 10 Weight | 31.3%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 17, 2015 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2015 to Oct 14, 2026 (11.1 years).
GSLC 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 11.1 years both funds cover.
GSLC vs SCHD Performance
Goldman Sachs ActiveBeta US Large Cap Equity ETF (GSLC) 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 GSLC returned +15.11% while SCHD returned +29.85%. Year to date, GSLC is up 11.73% versus a gain of 24.55% for SCHD.
Over three years, GSLC compounded at +21.03% per year against +16.64% for SCHD; over five years the annualized figures are +12.07% and +9.54% respectively. Across the full 11-year window we track, GSLC has the edge at +13.16% annualized vs +11.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.8% for GSLC. 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 -33.7% for GSLC 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSLC 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, GSLC currently yields 1.02% against 3.24% for SCHD.
Holdings Overlap
7.0% of GSLC's money is in holdings SCHD also owns. 67.6% of SCHD's money is in holdings GSLC also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 348 positions we hold weights for in GSLC and 98 in SCHD, against full books of 347 and 206.
What only one of them owns
Our book lists 69 positions for SCHD that do not appear in our book for GSLC (32.1% of the fund), and 316 for GSLC that do not appear in SCHD (91.8%).
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 GSLC | Weight in SCHD | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 0.27% | 4.89% | 4.62% |
| QCOMQualcomm Inc. | 0.52% | 4.61% | 4.09% |
| MRKMerck & Company Inc | 0.73% | 4.04% | 3.31% |
| KOCoca Cola Co. | 0.57% | 4.12% | 3.55% |
| PGProcter & Gamble Company | 0.46% | 4.16% | 3.70% |
| UNHUnitedhealth Group Incorporated | 0.51% | 3.95% | 3.44% |
| VZVerizon Communic | 0.36% | 3.88% | 3.52% |
| HDHome Depot Inc/The | 0.42% | 3.77% | 3.35% |
| PEPPepsico Inc. | 0.25% | 3.80% | 3.55% |
| AMGNAmgen Inc. | 0.19% | 3.86% | 3.67% |
67.6% of SCHD is already inside GSLC.
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, GSLC or SCHD?
GSLC 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, GSLC or SCHD?
Over the past year GSLC returned +15.11% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), GSLC annualized +13.16% vs +11.74% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSLC or SCHD?
SCHD has been the more volatile fund at 15.0% annualized versus 14.8% for GSLC. Worst drawdown: GSLC -33.7% vs SCHD -33.4%.
Should I hold both GSLC and SCHD?
GSLC and SCHD have a monthly-return correlation of 0.83, 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 GSLC and SCHD?
67.6% of SCHD's money is in holdings GSLC also owns. 67.6% of SCHD's is in holdings GSLC also owns. They hold 28 positions in common, counted across the 348 positions we hold weights for in GSLC and 98 in SCHD.
Which pays a higher dividend, GSLC or SCHD?
GSLC yields 1.02% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GSLC?
SCHD has a lower expense ratio. GSLC led over 3Y, 5Y and the full window, SCHD over 1Y. GSLC is less concentrated, with 31.3% 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.