DIVB vs. SCHD
DIVB (iShares Core Dividend ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds - DIVB tracks the Morningstar US Dividend and Buyback Index while SCHD tracks the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, DIVB returned 12.39%/yr vs 8.71%/yr for SCHD. Their correlation of 0.90 suggests significant overlap in exposure. DIVB charges 0.05%/yr vs 0.06%/yr for SCHD.
Performance
DIVB vs. SCHD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DIVB having a 17.14% return and SCHD slightly higher at 17.72%.
DIVB
- 1D
- 1.02%
- 1M
- 1.64%
- YTD
- 17.14%
- 6M
- 16.48%
- 1Y
- 27.72%
- 3Y*
- 21.75%
- 5Y*
- 12.39%
- 10Y*
- —
SCHD
- 1D
- 0.41%
- 1M
- -2.47%
- YTD
- 17.72%
- 6M
- 17.25%
- 1Y
- 24.56%
- 3Y*
- 14.60%
- 5Y*
- 8.71%
- 10Y*
- 12.72%
DIVB vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 17.14% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
SCHD Schwab U.S. Dividend Equity ETF | 17.72% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 5.37% |
Correlation
The correlation between DIVB and SCHD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.90 |
The correlation between DIVB and SCHD shifts across timeframes, from 0.82 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DIVB vs. SCHD — Risk / Return Rank
DIVB
SCHD
DIVB vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend ETF (DIVB) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVB | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 5.35 | -1.27 |
| Martin ratioReturn relative to average drawdown | 13.64 | 12.94 | +0.71 |
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Drawdowns
DIVB vs. SCHD - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DIVB and SCHD.
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Drawdown Indicators
| DIVB | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -33.37% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -4.61% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -16.13% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -16.85% | -4.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -1.10% | -2.47% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -3.31% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.90% | +0.14% |
Volatility
DIVB vs. SCHD - Volatility Comparison
iShares Core Dividend ETF (DIVB) has a higher volatility of 4.61% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that DIVB's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVB | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.58% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 7.73% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 11.07% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 14.36% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 16.71% | +1.65% |
DIVB vs. SCHD - Expense Ratio Comparison
DIVB has a 0.05% expense ratio, which is lower than SCHD's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIVB vs. SCHD - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.27%, less than SCHD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.27% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.30% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
DIVB and SCHD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.61%) compared to SCHD (3.58%). In terms of maximum drawdown, DIVB dropped -36.93% vs SCHD's -33.37%.
On 5-year performance, DIVB leads with 12.39% vs 8.71% for SCHD. On fees, DIVB is cheaper at 0.05% per year. On volatility, SCHD has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.39% return vs 8.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.06% for SCHD.
SCHD has the higher dividend yield at 3.30%, compared with 2.27% for DIVB.
DIVB tracks Morningstar US Dividend and Buyback Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.05% for DIVB and 0.06% for SCHD.
DIVB currently has the higher Sharpe Ratio (2.38 vs 2.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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