DLN vs. SCHD

Last updated Jun 23, 2026

DLN (WisdomTree U.S. LargeCap Dividend Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - DLN is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Dividend Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, DLN returned 12.87%/yr vs 12.68%/yr for SCHD. Their correlation of 0.93 suggests significant overlap in exposure. DLN charges 0.28%/yr vs 0.06%/yr for SCHD.

Performance

DLN vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. LargeCap Dividend Fund (DLN) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLN achieves a 10.10% return, which is significantly lower than SCHD's 17.24% return. Both investments have delivered pretty close results over the past 10 years, with DLN having a 12.87% annualized return and SCHD not far behind at 12.68%.

DLN

• 1D: 0.12%
• 1M: 0.19%
• YTD: 10.10%
• 6M: 9.85%
• 1Y: 22.40%
• 3Y*: 18.17%
• 5Y*: 12.65%
• 10Y*: 12.87%

SCHD

• 1D: 0.09%
• 1M: -2.86%
• YTD: 17.24%
• 6M: 16.44%
• 1Y: 24.06%
• 3Y*: 14.45%
• 5Y*: 8.77%
• 10Y*: 12.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DLN vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLN WisdomTree U.S. LargeCap Dividend Fund	10.10%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%
SCHD Schwab U.S. Dividend Equity ETF	17.24%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between DLN and SCHD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.93

The correlation between DLN and SCHD shifts across timeframes, from 0.75 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

DLN vs. SCHD - Sectors Allocation Comparison

Sectors	DLN	SCHD
Technology	22.8%	19.4%
Financial Services	17.4%	9.1%
Healthcare	12.6%	18.4%
Consumer Defensive	8.9%	18.5%
Energy	7.9%	14.6%
Industrials	7.8%	7.4%
Communication Services	7.5%	6.0%
Utilities	5.5%	0.0%
Consumer Cyclical	4.9%	6.7%
Real Estate	3.9%	-
Basic Materials	1.0%	1.2%

Return for Risk

DLN vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DLN

DLN Risk / Return Rank: 80
DLN Sharpe Ratio Rank: 81
DLN Sortino Ratio Rank: 83
DLN Omega Ratio Rank: 79
DLN Calmar Ratio Rank: 75
DLN Martin Ratio Rank: 81

SCHD

SCHD Risk / Return Rank: 76
SCHD Sharpe Ratio Rank: 70
SCHD Sortino Ratio Rank: 79
SCHD Omega Ratio Rank: 68
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DLN vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. LargeCap Dividend Fund (DLN) 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.

	DLN	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.18	+0.31
Sortino ratio: Return per unit of downside risk	3.54	3.34	+0.20
Omega ratio: Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio: Return relative to maximum drawdown	3.69	5.24	-1.55
Martin ratio: Return relative to average drawdown	15.49	12.71	+2.78

DLN vs. SCHD - Sharpe Ratio Comparison

The current DLN Sharpe Ratio is 2.49, which is comparable to the SCHD Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of DLN and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DLN vs. SCHD - Drawdown Comparison

The maximum DLN drawdown since its inception was -57.84%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DLN and SCHD.

Drawdown Indicators

	DLN	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-57.84%	-33.37%	-24.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-4.61%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.71%	-16.13%	+2.42%
Max Drawdown (5Y) Largest decline over 5 years	-16.26%	-16.85%	+0.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.82%	-33.37%	-2.45%
Current Drawdown Current decline from peak	-0.99%	-2.86%	+1.87%
Average Drawdown Average peak-to-trough decline	-7.51%	-3.31%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.90%	-0.45%

Volatility

DLN vs. SCHD - Volatility Comparison

The current volatility for WisdomTree U.S. LargeCap Dividend Fund (DLN) is 2.78%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that DLN experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLN	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	3.58%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	7.00%	7.74%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	9.04%	11.09%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	14.36%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	16.73%	-0.56%

DLN vs. SCHD - Expense Ratio Comparison

DLN has a 0.28% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

DLN vs. SCHD - Dividend Comparison

DLN's dividend yield for the trailing twelve months is around 1.79%, less than SCHD's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
SCHD Schwab U.S. Dividend Equity ETF	3.31%	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

Can I hold both DLN and SCHD in my portfolio?

DLN and SCHD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLN or SCHD?

SCHD has higher volatility (3.58%) compared to DLN (2.78%). In terms of maximum drawdown, DLN dropped -57.84% vs SCHD's -33.37%.

Which ETF is better, DLN or SCHD?

On 10-year performance, DLN leads with 12.87% vs 12.68% for SCHD. On fees, SCHD is cheaper at 0.06% per year. On volatility, DLN has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLN or SCHD?

Over the 10-year period, DLN has performed better with a 12.87% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLN or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.28% for DLN.

Which ETF pays a higher dividend yield, DLN or SCHD?

SCHD has the higher dividend yield at 3.31%, compared with 1.79% for DLN.

What is the main difference between DLN and SCHD?

DLN is categorized as Large Cap Value Equities, while SCHD is Dividend. DLN tracks WisdomTree U.S. LargeCap Dividend Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: WisdomTree and Charles Schwab. Their fees differ too: 0.28% for DLN and 0.06% for SCHD.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.49 vs 2.18), 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.