OCIO vs SCHD
Clearshares Ocio Etf vs Schwab US Dividend Equity ETF
Which is better, OCIO or SCHD?
Allocation/Balanced against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.6% of the fund in its ten largest positions against 48.3%.
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 | OCIO | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $173M | $111.6B |
| Dividend Yield | 9.30% | 3.24% |
| Holdings | 72 | 206 |
| YTD Return | +8.47% | +24.55%Best |
| 1Y Return | +11.79% | +29.85%Best |
| 3Y Return (annualized) | +13.69% | +16.64%Best |
| 5Y Return (annualized) | +7.04% | +9.54%Best |
| Volatility (annualized) | 10.1%Best | 15.9% |
| Max Drawdown | -24.2%Best | -33.4% |
| $10,000 over 5 years | $14,052 | $15,771Best |
| Top 10 Weight | 48.3% | 41.6%Best |
| Fund Family | ClearShares ETFs | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Jun 26, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 27, 2017 to Oct 14, 2026 (9.3 years).
OCIO 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 9.3 years both funds cover.
OCIO vs SCHD Performance
Clearshares Ocio Etf (OCIO) is an ETF from ClearShares ETFs and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year OCIO returned +11.79% while SCHD returned +29.85%. Year to date, OCIO is up 8.47% versus a gain of 24.55% for SCHD.
Over three years, OCIO compounded at +13.69% per year against +16.64% for SCHD; over five years the annualized figures are +7.04% and +9.54% respectively. Across the full 9-year window we track, SCHD has the edge at +11.42% annualized vs +6.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 10.1% for OCIO. 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 -24.2% for OCIO 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OCIO charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, OCIO currently yields 9.30% against 3.24% for SCHD.
Holdings Overlap
0.1% of OCIO's money is in holdings SCHD also owns. 4.1% of SCHD's money is in holdings OCIO also owns.
SCHD and OCIO share little of their money.
1 positions in common, counted across the 55 positions we hold weights for in OCIO and 98 in SCHD, against full books of 72 and 206.
What only one of them owns
Our book lists 96 positions for SCHD that do not appear in our book for OCIO (95.6% of the fund), and 54 for OCIO that do not appear in SCHD (100.0%).
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 OCIO | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp Com USD.75 | 0.06% | 4.14% | 4.08% |
You are not choosing between two funds in isolation.
Whichever of OCIO and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OCIO or SCHD?
OCIO has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, OCIO or SCHD?
Over the past year OCIO returned +11.79% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), OCIO annualized +6.80% vs +11.42% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OCIO or SCHD?
SCHD has been the more volatile fund at 15.9% annualized versus 10.1% for OCIO. Worst drawdown: OCIO -24.2% vs SCHD -33.4%.
Should I hold both OCIO and SCHD?
OCIO and SCHD have a monthly-return correlation of 0.82, 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 OCIO and SCHD?
4.1% of SCHD's money is in holdings OCIO also owns. 4.1% of SCHD's is in holdings OCIO also owns. They hold 1 positions in common, counted across the 55 positions we hold weights for in OCIO and 98 in SCHD.
Which pays a higher dividend, OCIO or SCHD?
OCIO yields 9.30% while SCHD yields 3.24%, so OCIO currently pays the higher dividend yield.
Is SCHD better than OCIO?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.6% of the fund in its ten largest positions against 48.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.