SCHD vs. DIVB
SCHD (Schwab U.S. Dividend Equity ETF) and DIVB (iShares Core Dividend ETF) are both Dividend funds - SCHD tracks the Dow Jones U.S. Dividend 100 Index while DIVB tracks the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, SCHD returned 8.71%/yr vs 12.39%/yr for DIVB. Their correlation of 0.90 suggests significant overlap in exposure. SCHD charges 0.06%/yr vs 0.05%/yr for DIVB.
Performance
SCHD vs. DIVB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SCHD having a 17.72% return and DIVB slightly lower at 17.14%.
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
- 1D
- 1.02%
- 1M
- 1.64%
- YTD
- 17.14%
- 6M
- 16.48%
- 1Y
- 27.72%
- 3Y*
- 21.75%
- 5Y*
- 12.39%
- 10Y*
- —
SCHD vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between SCHD and DIVB 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 SCHD and DIVB 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
SCHD vs. DIVB — Risk / Return Rank
SCHD
DIVB
SCHD vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and iShares Core Dividend ETF (DIVB). 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.
| SCHD | DIVB | 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 | 1.40 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 4.08 | +1.27 |
| Martin ratioReturn relative to average drawdown | 12.94 | 13.64 | -0.71 |
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Drawdowns
SCHD vs. DIVB - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for SCHD and DIVB.
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Drawdown Indicators
| SCHD | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -36.93% | +3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -6.82% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -15.45% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -21.08% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -1.10% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -4.97% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.04% | -0.14% |
Volatility
SCHD vs. DIVB - Volatility Comparison
The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 3.58%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.61%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHD | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 4.61% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 8.84% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.07% | 11.70% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 15.26% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 18.36% | -1.65% |
SCHD vs. DIVB - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is higher than DIVB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHD vs. DIVB - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.30%, more than DIVB's 2.27% 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
SCHD and DIVB 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, SCHD dropped -33.37% vs DIVB's -36.93%.
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.
SCHD tracks Dow Jones U.S. Dividend 100 Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.06% for SCHD and 0.05% for DIVB.
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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