PAVE vs SCHD
Global X US Infrastructure Development ETF vs Schwab US Dividend Equity ETF
Which is better, PAVE or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. PAVE led over 3Y, 5Y and the full window, SCHD over 1Y. PAVE is less concentrated, with 33.0% 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 | PAVE | SCHD |
|---|---|---|
| Expense Ratio | 0.47% | 0.06%Best |
| AUM | $13.7B | $111.6B |
| Dividend Yield | 0.57% | 3.24% |
| Holdings | 204 | 206 |
| YTD Return | +8.13% | +24.55%Best |
| 1Y Return | +10.71% | +29.85%Best |
| 3Y Return (annualized) | +20.80%Best | +16.64% |
| 5Y Return (annualized) | +15.37%Best | +9.54% |
| Volatility (annualized) | 22.8% | 15.7%Best |
| Max Drawdown | -44.1% | -33.4%Best |
| $10,000 over 5 years | $20,439Best | $15,771 |
| Top 10 Weight | 33.0%Best | 41.6% |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Mar 6, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Mar 8, 2017 to Oct 14, 2026 (9.6 years).
PAVE 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 9.6 years both funds cover.
PAVE vs SCHD Performance
Global X US Infrastructure Development ETF (PAVE) is an ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PAVE returned +10.71% while SCHD returned +29.85%. Year to date, PAVE is up 8.13% versus a gain of 24.55% for SCHD.
Over three years, PAVE compounded at +20.80% per year against +16.64% for SCHD; over five years the annualized figures are +15.37% and +9.54% respectively. Across the full 10-year window we track, PAVE has the edge at +14.83% annualized vs +11.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAVE has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 15.7% 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 -44.1% for PAVE 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
PAVE charges 0.47% per year while SCHD charges 0.06%. On a $10,000 position that is $47 vs $6 annually, a gap of $41 per year that compounds over a long holding period. On income, PAVE currently yields 0.57% against 3.24% for SCHD.
Holdings Overlap
3.5% of PAVE's money is in holdings SCHD also owns. 1.5% of SCHD's money is in holdings PAVE also owns.
PAVE and SCHD share little of their money.
1 positions in common, counted across the 100 positions we hold weights for in PAVE and 98 in SCHD, against full books of 204 and 206.
What only one of them owns
Our book lists 96 positions for SCHD that do not appear in our book for PAVE (98.3% of the fund), and 96 for PAVE that do not appear in SCHD (92.3%).
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 PAVE | Weight in SCHD | Difference |
|---|---|---|---|
| FASTFastenal Co. | 3.52% | 1.50% | 2.02% |
You are not choosing between two funds in isolation.
Whichever of PAVE 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, PAVE or SCHD?
PAVE has an expense ratio of 0.47% while SCHD charges 0.06%. SCHD is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, PAVE or SCHD?
Over the past year PAVE returned +10.71% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), PAVE annualized +14.83% vs +11.13% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAVE or SCHD?
PAVE has been the more volatile fund at 22.8% annualized versus 15.7% for SCHD. Worst drawdown: PAVE -44.1% vs SCHD -33.4%.
Should I hold both PAVE and SCHD?
PAVE 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 PAVE and SCHD?
3.5% of PAVE's money is in holdings SCHD also owns. 1.5% of SCHD's is in holdings PAVE also owns. They hold 1 positions in common, counted across the 100 positions we hold weights for in PAVE and 98 in SCHD.
Which pays a higher dividend, PAVE or SCHD?
PAVE yields 0.57% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PAVE?
SCHD has a lower expense ratio. PAVE led over 3Y, 5Y and the full window, SCHD over 1Y. PAVE is less concentrated, with 33.0% 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.