SCHD vs SIXH
Schwab US Dividend Equity ETF vs ETC 6 Meridian Hedged Equity Index Option ETF
Which is better, SCHD or SIXH?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window, SIXH over 5Y. SIXH is less concentrated, with 33.6% 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 | SIXH |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.73% |
| AUM | $111.6B | $605M |
| Dividend Yield | 3.24% | 1.78% |
| Holdings | 206 | 106 |
| YTD Return | +24.55%Best | +14.72% |
| 1Y Return | +29.85%Best | +17.59% |
| 3Y Return (annualized) | +16.64%Best | +13.16% |
| 5Y Return (annualized) | +9.54% | +9.95%Best |
| Volatility (annualized) | 15.2% | 9.1%Best |
| Max Drawdown | -16.9% | -11.7%Best |
| $10,000 over 5 years | $15,771 | $16,069Best |
| Top 10 Weight | 41.6% | 33.6%Best |
| Fund Family | Charles Schwab Asset Management | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | May 11, 2020 |
Volatility and max drawdown are measured over the window both funds cover: May 11, 2020 to Oct 14, 2026 (6.4 years).
SCHD vs SIXH 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 6.4 years both funds cover.
SCHD vs SIXH Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and ETC 6 Meridian Hedged Equity Index Option ETF (SIXH) is an ETF from 6 Meridian ETF. Over the past year SCHD returned +29.85% while SIXH returned +17.59%. Year to date, SCHD is up 24.55% versus a gain of 14.72% for SIXH.
Over three years, SCHD compounded at +16.64% per year against +13.16% for SIXH; over five years the annualized figures are +9.54% and +9.95% respectively. Across the full 6-year window we track, SCHD has the edge at +14.85% annualized vs +10.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 9.1% for SIXH. 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 -16.9% for SCHD and -11.7% for SIXH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SIXH charges 0.73%. On a $10,000 position that is $6 vs $73 annually, a gap of $67 per year that compounds over a long holding period. On income, SCHD currently yields 3.24% against 1.78% for SIXH.
Holdings Overlap
44.1% of SCHD's money is in holdings SIXH also owns. 29.4% of SIXH's money is in holdings SCHD also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 98 positions we hold weights for in SCHD and 52 in SIXH, against full books of 206 and 106.
What only one of them owns
Our book lists 40 positions for SIXH that do not appear in our book for SCHD (71.3% of the fund), and 85 for SCHD that do not appear in SIXH (55.6%).
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 SIXH | Difference |
|---|---|---|---|
| MOAltria Group Inc | 2.89% | 4.93% | 2.04% |
| QCOMQualcomm Inc. | 4.61% | 2.86% | 1.75% |
| VZVerizon Communic | 3.88% | 3.55% | 0.33% |
| PEPPepsico Inc. | 3.80% | 3.50% | 0.30% |
| BMYBristol-Myers Squibb Co. | 3.21% | 3.56% | 0.35% |
| COPConocophillips Common Stock USD 0.01 | 3.91% | 2.44% | 1.47% |
| TXNTexas Instrument Inc | 4.89% | 1.44% | 3.45% |
| PGProcter & Gamble Company | 4.16% | 1.26% | 2.90% |
| KOCoca Cola Co. | 4.12% | 1.26% | 2.86% |
| MRKMerck & Company Inc | 4.04% | 1.25% | 2.79% |
44.1% of SCHD is already inside SIXH.
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 SIXH?
SCHD has an expense ratio of 0.06% while SIXH charges 0.73%. SCHD is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, SCHD or SIXH?
Over the past year SCHD returned +29.85% vs +17.59% for SIXH, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +14.85% vs +10.89% for SIXH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SIXH?
SCHD has been the more volatile fund at 15.2% annualized versus 9.1% for SIXH. Worst drawdown: SCHD -16.9% vs SIXH -11.7%.
Should I hold both SCHD and SIXH?
SCHD and SIXH have a monthly-return correlation of 0.77, 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 SIXH?
44.1% of SCHD's money is in holdings SIXH also owns. 29.4% of SIXH's is in holdings SCHD also owns. They hold 12 positions in common, counted across the 98 positions we hold weights for in SCHD and 52 in SIXH.
Which pays a higher dividend, SCHD or SIXH?
SCHD yields 3.24% while SIXH yields 1.78%, so SCHD currently pays the higher dividend yield.
Is SIXH better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window, SIXH over 5Y. SIXH is less concentrated, with 33.6% 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.