SCHD vs VTV
Schwab US Dividend Equity ETF vs Vanguard Morningstar Value ETF
Which is better, SCHD or VTV?
Each has led over a different period.
VTV has a lower expense ratio. SCHD led over 1Y, VTV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 41.8%.
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 | VTV |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $108.9B | $192.2B |
| Dividend Yield | 3.00% | 1.82% |
| Holdings | 206 | 311 |
| YTD Return | +23.29%Best | +16.18% |
| 1Y Return | +29.70%Best | +22.02% |
| 3Y Return (annualized) | +16.26% | +19.45%Best |
| 5Y Return (annualized) | +9.65% | +12.52%Best |
| Volatility (annualized) | 13.7% | 13.4%Best |
| Max Drawdown | -33.4%Best | -36.8% |
| $10,000 over 5 years | $15,851 | $18,036Best |
| Top 10 Weight | 41.8% | 22.5%Best |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Jan 26, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 13, 2026 (15 years).
SCHD vs VTV 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 15 years both funds cover.
SCHD vs VTV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US). Over the past year SCHD returned +29.70% while VTV returned +22.02%. Year to date, SCHD is up 23.29% versus a gain of 16.18% for VTV.
Over three years, SCHD compounded at +16.26% per year against +19.45% for VTV; over five years the annualized figures are +9.65% and +12.52% respectively. Across the full 15-year window we track, VTV has the edge at +11.36% annualized vs +11.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.4% for VTV. 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 -36.8% for VTV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while VTV charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.82% for VTV.
Holdings Overlap
90.5% of SCHD's money is in holdings VTV also owns. 17.5% of VTV's money is in holdings SCHD also owns.
Most of SCHD is already inside VTV. Owning both mostly buys the same companies twice.
38 positions in common, counted across the 99 positions we hold weights for in SCHD and 299 in VTV, against full books of 206 and 311.
What only one of them owns
Our book lists 253 positions for VTV that do not appear in our book for SCHD (79.5% of the fund), and 60 for SCHD that do not appear in VTV (9.4%).
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 SCHD | Weight in VTV | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 1.19% | 3.58% |
| CVXChevron Corp | 4.29% | 1.38% | 2.91% |
| KOCoca Cola Co. | 4.26% | 1.12% | 3.14% |
| UNHUnitedhealth Group Incorporated | 3.82% | 1.40% | 2.42% |
| PGProcter & Gamble Company | 3.94% | 1.25% | 2.69% |
| ABTAbbott Laboratories | 4.44% | 0.68% | 3.76% |
| AMGNAmgen Inc. | 4.24% | 0.77% | 3.47% |
| HDHome Depot Inc/The | 3.75% | 1.23% | 2.52% |
| VZVerizon Communications Inc Vz | 4.12% | 0.65% | 3.47% |
| COPConocophillips Common Stock USD 0.01 | 4.19% | 0.55% | 3.64% |
90.5% of SCHD is already inside VTV.
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 VTV?
SCHD has an expense ratio of 0.06% while VTV charges 0.03%. VTV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or VTV?
Over the past year SCHD returned +29.70% vs +22.02% for VTV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.19% vs +11.36% for VTV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or VTV?
SCHD has been the more volatile fund at 13.7% annualized versus 13.4% for VTV. Worst drawdown: SCHD -33.4% vs VTV -36.8%.
Should I hold both SCHD and VTV?
SCHD and VTV have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHD and VTV?
90.5% of SCHD's money is in holdings VTV also owns. 17.5% of VTV's is in holdings SCHD also owns. They hold 38 positions in common, counted across the 99 positions we hold weights for in SCHD and 299 in VTV.
Which pays a higher dividend, SCHD or VTV?
SCHD yields 3.00% while VTV yields 1.82%, so SCHD currently pays the higher dividend yield.
Is VTV better than SCHD?
VTV has a lower expense ratio. SCHD led over 1Y, VTV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.