OEI vs SCHD
Optimized Equity Income ETF vs Schwab US Dividend Equity ETF
Which is better, OEI or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y. OEI is less concentrated, with 38.8% 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 | OEI | SCHD |
|---|---|---|
| Expense Ratio | 1.02% | 0.06%Best |
| AUM | $52M | $111.6B |
| Dividend Yield | 8.20% | 3.24% |
| Holdings | 99 | 206 |
| YTD Return | +10.30% | +24.55%Best |
| 1Y Return | +14.81% | +29.85%Best |
| 3Y Return (annualized) | - | +16.64% |
| 5Y Return (annualized) | - | +9.54% |
| Volatility (annualized) | 7.3%Best | 14.6% |
| Top 10 Weight | 38.8%Best | 41.6% |
| Fund Family | Core Alternative Capital | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 22, 2025 | Oct 20, 2011 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
OEI 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
OEI vs SCHD Performance
Optimized Equity Income ETF (OEI) is an ETF from Core Alternative Capital and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year OEI returned +14.81% while SCHD returned +29.85%. Year to date, OEI is up 10.30% versus a gain of 24.55% 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 14.6% compared with 7.3% for OEI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OEI charges 1.02% per year while SCHD charges 0.06%. On a $10,000 position that is $102 vs $6 annually, a gap of $96 per year that compounds over a long holding period. On income, OEI currently yields 8.20% against 3.24% for SCHD.
Holdings Overlap
10.8% of OEI's money is in holdings SCHD also owns. 52.1% of SCHD's money is in holdings OEI also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 82 positions we hold weights for in OEI and 98 in SCHD, against full books of 99 and 206.
What only one of them owns
Our book lists 84 positions for SCHD that do not appear in our book for OEI (47.7% of the fund), and 69 for OEI that do not appear in SCHD (87.4%).
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 OEI | Weight in SCHD | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 0.65% | 4.89% | 4.24% |
| CVXChevron Corp | 1.35% | 4.14% | 2.79% |
| QCOMQualcomm Inc. | 0.70% | 4.61% | 3.91% |
| MRKMerck & Company Inc | 1.21% | 4.04% | 2.83% |
| PGProcter & Gamble Company | 1.05% | 4.16% | 3.11% |
| KOCoca Cola Co. | 0.86% | 4.12% | 3.26% |
| UNHUnitedhealth Group Incorporated | 0.98% | 3.95% | 2.97% |
| HDHome Depot Inc/The | 0.97% | 3.77% | 2.80% |
| AMGNAmgen Inc. | 0.78% | 3.86% | 3.08% |
| VZVerizon Communic | 0.65% | 3.88% | 3.23% |
52.1% of SCHD is already inside OEI.
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, OEI or SCHD?
OEI has an expense ratio of 1.02% while SCHD charges 0.06%. SCHD is the cheaper option, by $96 a year on a $10,000 investment.
Which performed better, OEI or SCHD?
Over the past year OEI returned +14.81% 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, OEI or SCHD?
SCHD has been the more volatile fund at 14.6% annualized versus 7.3% for OEI.
Should I hold both OEI and SCHD?
OEI and SCHD have a monthly-return correlation of 0.49, 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 OEI and SCHD?
52.1% of SCHD's money is in holdings OEI also owns. 52.1% of SCHD's is in holdings OEI also owns. They hold 13 positions in common, counted across the 82 positions we hold weights for in OEI and 98 in SCHD.
Which pays a higher dividend, OEI or SCHD?
OEI yields 8.20% while SCHD yields 3.24%, so OEI currently pays the higher dividend yield.
Is SCHD better than OEI?
SCHD has a lower expense ratio. SCHD led over 1Y. OEI is less concentrated, with 38.8% 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.