FSST vs. SCHD

Last updated Jun 3, 2026

FSST (Fidelity Sustainability U.S. Equity ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - FSST is a Sustainable fund tracking the Russell 3000, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. FSST charges 0.59%/yr vs 0.06%/yr for SCHD.

Performance

FSST vs. SCHD - Performance Comparison

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

Returns By Period

FSST

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: 0.59%
• 1M: 1.60%
• YTD: 19.01%
• 6M: 20.36%
• 1Y: 28.08%
• 3Y*: 15.09%
• 5Y*: 8.49%
• 10Y*: 12.77%

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

FSST vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.81%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	9.82%

Correlation

The correlation between FSST and SCHD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 18, 2021	0.68

Over the past year, the correlation between FSST and SCHD has dropped to 0.17 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

FSST vs. SCHD - Sectors Allocation Comparison

Sectors	FSST	SCHD
Technology	29.6%	16.4%
Industrials	13.0%	7.5%
Financial Services	12.1%	9.3%
Communication Services	11.7%	6.3%
Consumer Cyclical	11.5%	6.3%
Healthcare	10.2%	18.8%
Consumer Defensive	4.6%	19.2%
Basic Materials	3.4%	1.2%
Energy	1.9%	16.2%
Real Estate	1.3%	-
Utilities	0.9%	0.0%

Return for Risk

FSST vs. SCHD — Risk / Return Rank

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

SCHD

SCHD Risk / Return Rank: 82
SCHD Sharpe Ratio Rank: 78
SCHD Sortino Ratio Rank: 87
SCHD Omega Ratio Rank: 76
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 77

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.

FSST vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FSST	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.86	—

Drawdowns

Drawdown Indicators

	FSST	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.37%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	—	-1.40%	—
Average Drawdown Average peak-to-trough decline	—	-3.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.87%	—

Volatility

Volatility by Period

	FSST	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.96%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.72%	—

FSST vs. SCHD - Expense Ratio Comparison

FSST has a 0.59% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

FSST vs. SCHD - Dividend Comparison

FSST's dividend yield for the trailing twelve months is around 0.14%, less than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSST Fidelity Sustainability U.S. Equity ETF	0.14%	0.19%	2.01%	0.68%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	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 FSST and SCHD in my portfolio?

FSST and SCHD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSST or SCHD?

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSST or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.59% for FSST.

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

SCHD has the higher dividend yield at 3.26%, compared with 0.14% for FSST.

What is the main difference between FSST and SCHD?

FSST is categorized as Sustainable, while SCHD is Dividend. FSST tracks Russell 3000, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.59% for FSST and 0.06% for SCHD.