SCHD vs. SLYV

Last updated Jul 26, 2026

SCHD (Schwab U.S. Dividend Equity ETF) and SLYV (SPDR S&P 600 Small Cap Value ETF) are both exchange-traded funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while SLYV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, SCHD returned 12.52%/yr vs 10.08%/yr for SLYV. Their 0.78 correlation means they have sometimes moved together and sometimes differently. SCHD charges 0.06%/yr vs 0.15%/yr for SLYV.

Performance

SCHD vs. SLYV - Performance Comparison

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

Returns By Period

In the year-to-date period, SCHD achieves a 23.36% return, which is significantly higher than SLYV's 20.28% return. Over the past 10 years, SCHD has outperformed SLYV with an annualized return of 12.52%, while SLYV has yielded a comparatively lower 10.08% annualized return.

SCHD

• 1D: 1.49%
• 1M: 4.16%
• 6M: 16.12%
• YTD: 23.36%
• 1Y: 26.33%
• 3Y*: 13.98%
• 5Y*: 9.51%
• 10Y*: 12.52%
• ALL TIME*: 13.37%

SLYV

• 1D: 0.18%
• 1M: 0.18%
• 6M: 12.38%
• YTD: 20.28%
• 1Y: 32.51%
• 3Y*: 12.94%
• 5Y*: 8.27%
• 10Y*: 10.08%
• ALL TIME*: 10.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCHD Schwab U.S. Dividend Equity ETF	$653.58M	$651.34M	$657.10M
SLYV SPDR S&P 600 Small Cap Value ETF	$13.68M	$20.85M	$23.13M

SCHD vs. SLYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHD Schwab U.S. Dividend Equity ETF	23.36%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%
SLYV SPDR S&P 600 Small Cap Value ETF	20.28%	6.54%	7.28%	14.82%	-11.08%	30.57%	2.68%	24.26%	-12.77%	11.74%

Correlation

The correlation between SCHD and SLYV is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.78

The correlation between SCHD and SLYV shifts across timeframes, from 0.60 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

SCHD vs. SLYV - Sectors Allocation Comparison

Sectors	SCHD	SLYV
Healthcare	20.8%	6.4%
Consumer Defensive	20.6%	5.1%
Energy	14.1%	7.7%
Technology	12.7%	11.8%
Financial Services	9.9%	21.4%
Industrials	7.8%	13.5%
Consumer Cyclical	7.7%	14.9%
Communication Services	6.2%	3.5%
Basic Materials	1.2%	5.6%
Utilities	0.1%	2.1%
Real Estate	-	7.9%

Return for Risk

SCHD vs. SLYV — Risk / Return Rank

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

SCHD

SCHD Risk / Return Rank: 93
SCHD Sharpe Ratio Rank: 93
SCHD Sortino Ratio Rank: 94
SCHD Omega Ratio Rank: 91
SCHD Calmar Ratio Rank: 95
SCHD Martin Ratio Rank: 90

SLYV

SLYV Risk / Return Rank: 83
SLYV Sharpe Ratio Rank: 82
SLYV Sortino Ratio Rank: 85
SLYV Omega Ratio Rank: 78
SLYV Calmar Ratio Rank: 87
SLYV Martin Ratio Rank: 85

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.

SCHD vs. SLYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and SPDR S&P 600 Small Cap Value ETF (SLYV). 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	SLYV	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.89	+0.52
Sortino ratio: Return per unit of downside risk	3.74	2.78	+0.97
Omega ratio: Gain probability vs. loss probability	1.43	1.33	+0.10
Calmar ratio: Return relative to maximum drawdown	5.77	3.57	+2.20
Martin ratio: Return relative to average drawdown	14.17	12.10	+2.07

SCHD vs. SLYV - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.41, which is comparable to the SLYV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SCHD and SLYV, 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

SCHD vs. SLYV - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum SLYV drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for SCHD and SLYV.

Drawdown Indicators

	SCHD	SLYV	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-61.15%	+27.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-9.36%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-28.68%	+12.55%
Max Drawdown (5Y) Largest decline over 5 years	-16.85%	-28.68%	+11.83%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-47.73%	+14.36%
Current Drawdown Current decline from peak	0.00%	-1.61%	+1.61%
Average Drawdown Average peak-to-trough decline	-3.30%	-8.90%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.76%	-0.88%

Volatility

SCHD vs. SLYV - Volatility Comparison

Schwab U.S. Dividend Equity ETF (SCHD) has a higher volatility of 3.85% compared to SPDR S&P 600 Small Cap Value ETF (SLYV) at 3.61%. This indicates that SCHD's price experiences larger fluctuations and is considered to be riskier than SLYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHD	SLYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.61%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	11.21%	-3.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.07%	17.81%	-6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	21.70%	-7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	23.89%	-7.18%

SCHD vs. SLYV - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than SLYV's 0.15% expense ratio. Despite the difference, 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. SLYV - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.15%, more than SLYV's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.15%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SLYV SPDR S&P 600 Small Cap Value ETF	1.82%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both SCHD and SLYV in my portfolio?

SCHD and SLYV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHD or SLYV?

SCHD has higher volatility (3.85%) compared to SLYV (3.61%). In terms of maximum drawdown, SCHD dropped -33.37% vs SLYV's -61.15%.

Which ETF is better, SCHD or SLYV?

On 10-year performance, SCHD leads with 12.52% vs 10.08% for SLYV. On fees, SCHD is cheaper at 0.06% per year. On volatility, SLYV has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHD or SLYV?

Over the 10-year period, SCHD has performed better with a 12.52% return vs 10.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHD or SLYV?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.15% for SLYV.

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

SCHD has the higher dividend yield at 3.15%, compared with 1.82% for SLYV.

What is the main difference between SCHD and SLYV?

SCHD is categorized as Dividend, while SLYV is Small Cap Value Equities. SCHD tracks Dow Jones U.S. Dividend 100 Index, while SLYV tracks S&P SmallCap 600 Value Index. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.06% for SCHD and 0.15% for SLYV.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.41 vs 1.89), 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.