SCHD vs SZNE
Schwab US Dividend Equity ETF vs Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Which is better, SCHD or SZNE?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SZNE is less concentrated, with 10.4% 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 | SZNE |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.60% |
| AUM | $111.6B | $13M |
| Dividend Yield | 3.24% | 1.31% |
| Holdings | 206 | 230 |
| Volatility (annualized) | 16.6%Best | 18.9% |
| Max Drawdown | -33.4%Best | -40.4% |
| $10,000 over 7.8 years | $22,601Best | $16,188 |
| Top 10 Weight | 41.6% | 10.4%Best |
| Fund Family | Charles Schwab Asset Management | Pacer ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jul 23, 2018 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 153 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SCHD has data through Oct 14, 2026 and SZNE through May 14, 2026.
Volatility and max drawdown, and the $10,000 over 7.8 years row, are measured over the window both funds cover: Jul 24, 2018 to May 14, 2026 (7.8 years).
Risk: Volatility and Drawdowns
SZNE has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 16.6% 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 -40.4% for SZNE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SZNE charges 0.60%. On a $10,000 position that is $6 vs $60 annually, a gap of $54 per year that compounds over a long holding period. On income, SCHD currently yields 3.24% against 1.31% for SZNE.
Holdings Overlap
29.0% of SCHD's money is in holdings SZNE also owns. 5.3% of SZNE's money is in holdings SCHD also owns.
SCHD and SZNE share little of their money.
The two holdings books were reported 276 days apart, SCHD as of Oct 3, 2026 and SZNE as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
14 positions in common, counted across the 98 positions we hold weights for in SCHD and 224 in SZNE, against full books of 206 and 230.
What only one of them owns
Our book lists 205 positions for SZNE that do not appear in our book for SCHD (91.1% of the fund), and 83 for SCHD that do not appear in SZNE (70.8%).
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 SZNE | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 4.89% | 0.36% | 4.53% |
| QCOMQualcomm Inc. | 4.61% | 0.35% | 4.26% |
| HDHome Depot Inc/The | 3.77% | 0.50% | 3.27% |
| ACNAccenture Plc | 3.13% | 0.35% | 2.78% |
| LMTLockheed Martin | 2.64% | 0.34% | 2.30% |
| ADPAutomatic Data Processing, Inc. | 2.63% | 0.30% | 2.33% |
| UPSUnited Parcel Service, Inc | 1.79% | 0.32% | 1.47% |
| FASTFastenal Co. | 1.50% | 0.31% | 1.19% |
| FFord Motor Co | 1.22% | 0.51% | 0.71% |
| DRIDarden Restaurants Inc. | 0.58% | 0.56% | 0.02% |
29.0% of SCHD is already inside SZNE.
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 SZNE?
SCHD has an expense ratio of 0.06% while SZNE charges 0.60%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which is riskier, SCHD or SZNE?
SZNE has been the more volatile fund at 18.9% annualized versus 16.6% for SCHD. Worst drawdown: SCHD -33.4% vs SZNE -40.4%.
Should I hold both SCHD and SZNE?
SCHD and SZNE have a monthly-return correlation of 0.89, 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 SZNE?
29.0% of SCHD's money is in holdings SZNE also owns. 5.3% of SZNE's is in holdings SCHD also owns. They hold 14 positions in common, counted across the 98 positions we hold weights for in SCHD and 224 in SZNE.
Which pays a higher dividend, SCHD or SZNE?
SCHD yields 3.24% while SZNE yields 1.31%, so SCHD currently pays the higher dividend yield.
Is SZNE better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SZNE is less concentrated, with 10.4% 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.