RZV vs. SCHD

Last updated Apr 4, 2026

Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Schwab U.S. Dividend Equity ETF (SCHD).

RZV and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RZV is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Value. It was launched on Mar 1, 2006. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both RZV and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RZV vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

RZV vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RZV Invesco S&P SmallCap 600® Pure Value ETF	5.65%	8.65%	5.06%	22.97%	-6.80%	45.95%	-3.88%	22.29%	-19.66%	1.25%
SCHD Schwab U.S. Dividend Equity ETF	12.35%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Returns By Period

In the year-to-date period, RZV achieves a 5.65% return, which is significantly lower than SCHD's 12.35% return. Over the past 10 years, RZV has underperformed SCHD with an annualized return of 9.67%, while SCHD has yielded a comparatively higher 12.30% annualized return.

RZV

• 1D: 0.49%
• 1M: -3.78%
• YTD: 5.65%
• 6M: 4.56%
• 1Y: 37.50%
• 3Y*: 12.92%
• 5Y*: 8.38%
• 10Y*: 9.67%

SCHD

• 1D: 0.16%
• 1M: -2.29%
• YTD: 12.35%
• 6M: 13.59%
• 1Y: 18.75%
• 3Y*: 11.70%
• 5Y*: 8.35%
• 10Y*: 12.30%

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

RZV vs. SCHD - Expense Ratio Comparison

RZV has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

RZV

Invesco S&P SmallCap 600® Pure Value ETF

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

RZV vs. SCHD — Risk / Return Rank

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

RZV

RZV Risk / Return Rank: 54
RZV Sharpe Ratio Rank: 56
RZV Sortino Ratio Rank: 60
RZV Omega Ratio Rank: 52
RZV Calmar Ratio Rank: 53
RZV Martin Ratio Rank: 47

SCHD

SCHD Risk / Return Rank: 40
SCHD Sharpe Ratio Rank: 45
SCHD Sortino Ratio Rank: 46
SCHD Omega Ratio Rank: 44
SCHD Calmar Ratio Rank: 32
SCHD Martin Ratio Rank: 31

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.

RZV vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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.

	RZV	SCHD	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.89	+0.17
Sortino ratio Return per unit of downside risk	1.62	1.34	+0.28
Omega ratio Gain probability vs. loss probability	1.21	1.19	+0.02
Calmar ratio Return relative to maximum drawdown	1.72	1.09	+0.63
Martin ratio Return relative to average drawdown	5.88	3.69	+2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RZV vs. SCHD - Sharpe Ratio Comparison

The current RZV Sharpe Ratio is 1.06, which is comparable to the SCHD Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of RZV 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.

Sharpe Ratios by Period

	RZV	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.89	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.58	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.74	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.84	-0.59

Correlation

The correlation between RZV and SCHD is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RZV vs. SCHD - Dividend Comparison

RZV's dividend yield for the trailing twelve months is around 1.50%, less than SCHD's 3.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RZV Invesco S&P SmallCap 600® Pure Value ETF	1.50%	1.59%	1.14%	1.13%	1.43%	0.86%	0.63%	1.03%	2.03%	1.02%	0.46%	1.24%
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Drawdowns

RZV vs. SCHD - Drawdown Comparison

The maximum RZV drawdown since its inception was -77.11%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for RZV and SCHD.

Drawdown Indicators

	RZV	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-33.37%	-43.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-4.61%	-7.95%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	-16.85%	-12.96%
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	-33.37%	-27.05%
Current Drawdown Current decline from peak	-8.10%	-3.27%	-4.83%
Average Drawdown Average peak-to-trough decline	-13.70%	-3.34%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	3.76%	+1.19%

Volatility

RZV vs. SCHD - Volatility Comparison

Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 6.20% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.35%. This indicates that RZV'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.

Volatility by Period

	RZV	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	2.35%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	7.93%	+7.46%
Volatility (1Y) Calculated over the trailing 1-year period	25.78%	15.69%	+10.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	14.40%	+10.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	16.69%	+10.43%