SCHD vs SHE
Schwab US Dividend Equity ETF vs State Street SPDR MSCI USA Gender Diversity ETF
Which is better, SCHD or SHE?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, SHE over 3Y and 5Y. SHE is less concentrated, with 37.3% 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 | SCHD | SHE |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.20% |
| AUM | $111.6B | $332M |
| Dividend Yield | 3.24% | 1.11% |
| Holdings | 206 | 233 |
| YTD Return | +24.55%Best | +18.70% |
| 1Y Return | +29.85%Best | +23.47% |
| 3Y Return (annualized) | +16.64% | +23.19%Best |
| 5Y Return (annualized) | +9.54% | +9.70%Best |
| Volatility (annualized) | 15.0%Best | 16.3% |
| Max Drawdown | -33.4%Best | -36.2% |
| $10,000 over 5 years | $15,771 | $15,887Best |
| Top 10 Weight | 41.6% | 37.3%Best |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Mar 7, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Mar 8, 2016 to Oct 14, 2026 (10.6 years).
SCHD vs SHE 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 10.6 years both funds cover.
SCHD vs SHE Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR MSCI USA Gender Diversity ETF (SHE) is an ETF from State Street Investment Management. Over the past year SCHD returned +29.85% while SHE returned +23.47%. Year to date, SCHD is up 24.55% versus a gain of 18.70% for SHE.
Over three years, SCHD compounded at +16.64% per year against +23.19% for SHE; over five years the annualized figures are +9.54% and +9.70% respectively. Across the full 11-year window we track, SCHD has the edge at +11.51% annualized vs +10.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHE has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.0% 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 -33.4% for SCHD and -36.2% for SHE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SHE charges 0.20%. On a $10,000 position that is $6 vs $20 annually, a gap of $14 per year that compounds over a long holding period. On income, SCHD currently yields 3.24% against 1.11% for SHE.
Holdings Overlap
36.8% of SCHD's money is in holdings SHE also owns. 7.9% of SHE's money is in holdings SCHD also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 98 positions we hold weights for in SCHD and 230 in SHE, against full books of 206 and 233.
What only one of them owns
Our book lists 204 positions for SHE that do not appear in our book for SCHD (90.0% of the fund), and 80 for SCHD that do not appear in SHE (63.0%).
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 SCHD | Weight in SHE | Difference |
|---|---|---|---|
| QCOMQualcomm Inc. | 4.61% | 1.30% | 3.31% |
| CVXChevron Corp | 4.14% | 1.20% | 2.94% |
| PGProcter & Gamble Company | 4.16% | 1.04% | 3.12% |
| KOCoca Cola Co. | 4.12% | 0.89% | 3.23% |
| HDHome Depot Inc/The | 3.77% | 1.05% | 2.72% |
| AMGNAmgen Inc. | 3.86% | 0.64% | 3.22% |
| ABTAbbot Laboratories | 3.74% | 0.59% | 3.15% |
| ADPAutomatic Data Processing, Inc. | 2.63% | 0.25% | 2.38% |
| FFord Motor Co | 1.22% | 0.27% | 0.95% |
| KMBKimberly-Clark Corp. | 0.81% | 0.11% | 0.70% |
36.8% of SCHD is already inside SHE.
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, SCHD or SHE?
SCHD has an expense ratio of 0.06% while SHE charges 0.20%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, SCHD or SHE?
Over the past year SCHD returned +29.85% vs +23.47% for SHE, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.51% vs +10.30% for SHE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SHE?
SHE has been the more volatile fund at 16.3% annualized versus 15.0% for SCHD. Worst drawdown: SCHD -33.4% vs SHE -36.2%.
Should I hold both SCHD and SHE?
SCHD and SHE have a monthly-return correlation of 0.80, 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 SCHD and SHE?
36.8% of SCHD's money is in holdings SHE also owns. 7.9% of SHE's is in holdings SCHD also owns. They hold 17 positions in common, counted across the 98 positions we hold weights for in SCHD and 230 in SHE.
Which pays a higher dividend, SCHD or SHE?
SCHD yields 3.24% while SHE yields 1.11%, so SCHD currently pays the higher dividend yield.
Is SHE better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, SHE over 3Y and 5Y. SHE is less concentrated, with 37.3% 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.