SCHD vs. SLV
SCHD (Schwab U.S. Dividend Equity ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SCHD returned 12.32%/yr vs 10.57%/yr for SLV. At a 0.15 correlation, their price movements are largely independent. SCHD charges 0.06%/yr vs 0.50%/yr for SLV.
Performance
SCHD vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHD achieves a 21.36% return, which is significantly higher than SLV's -20.86% return. Over the past 10 years, SCHD has outperformed SLV with an annualized return of 12.32%, while SLV has yielded a comparatively lower 10.57% annualized return.
SCHD
- 1D
- -0.49%
- 1M
- 3.61%
- 6M
- 15.19%
- YTD
- 21.36%
- 1Y
- 25.66%
- 3Y*
- 13.54%
- 5Y*
- 9.15%
- 10Y*
- 12.32%
- ALL TIME*
- 13.25%
SLV
- 1D
- 0.39%
- 1M
- -14.33%
- 6M
- -37.08%
- YTD
- -20.86%
- 1Y
- 47.30%
- 3Y*
- 31.21%
- 5Y*
- 16.83%
- 10Y*
- 10.57%
- ALL TIME*
- 7.03%
SCHD vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 21.36% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
SLV iShares Silver Trust | -20.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between SCHD and SLV is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.15 |
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Return for Risk
SCHD vs. SLV — Risk / Return Rank
SCHD
SLV
SCHD vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.59 | 0.91 | +4.68 |
| Martin ratioReturn relative to average drawdown | 13.64 | 1.85 | +11.79 |
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Drawdowns
SCHD vs. SLV - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SCHD and SLV.
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Drawdown Indicators
| SCHD | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -76.28% | +42.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -52.28% | +47.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -52.28% | +36.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -52.28% | +35.43% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | -52.28% | +18.91% |
Current DrawdownCurrent decline from peak | -0.88% | -51.72% | +50.84% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -44.67% | +41.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 25.64% | -23.75% |
Volatility
SCHD vs. SLV - Volatility Comparison
The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 3.63%, while iShares Silver Trust (SLV) has a volatility of 12.54%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHD | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 12.54% | -8.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 56.50% | -48.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 61.24% | -50.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 36.87% | -22.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 32.18% | -15.47% |
SCHD vs. SLV - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
SCHD vs. SLV - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.20%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.20% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCHD and SLV have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (12.54%) compared to SCHD (3.63%). In terms of maximum drawdown, SCHD dropped -33.37% vs SLV's -76.28%.
On 10-year performance, SCHD leads with 12.32% vs 10.57% for SLV. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.32% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.50% for SLV.
SCHD has the higher dividend yield at 3.20%, compared with 0.00% for SLV.
SCHD is categorized as Dividend, while SLV is Silver. SCHD tracks Dow Jones U.S. Dividend 100 Index, while SLV tracks LBMA Silver Price. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.06% for SCHD and 0.50% for SLV.
SCHD currently has the higher Sharpe Ratio (2.34 vs 0.78), 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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