SCHD vs. SPHD
Compare and contrast key facts about Schwab US Dividend Equity ETF (SCHD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
SCHD and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both SCHD and SPHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHD or SPHD.
Key characteristics
| SCHD | SPHD | |
|---|---|---|
| YTD Return | 2.67% | 3.72% |
| 1Y Return | 13.11% | 10.05% |
| 3Y Return (Ann) | 4.71% | 3.78% |
| 5Y Return (Ann) | 11.40% | 4.82% |
| 10Y Return (Ann) | 11.03% | 7.93% |
| Sharpe Ratio | 0.98 | 0.68 |
| Daily Std Dev | 11.68% | 13.12% |
| Max Drawdown | -33.37% | -41.39% |
| Current Drawdown | -3.81% | -4.00% |
Correlation
The correlation between SCHD and SPHD is 0.86, 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.
Performance
SCHD vs. SPHD - Performance Comparison
In the year-to-date period, SCHD achieves a 2.67% return, which is significantly lower than SPHD's 3.72% return. Over the past 10 years, SCHD has outperformed SPHD with an annualized return of 11.03%, while SPHD has yielded a comparatively lower 7.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHD vs. SPHD - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
SCHD vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US Dividend Equity ETF (SCHD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.
Dividends
SCHD vs. SPHD - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.45%, less than SPHD's 4.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab US Dividend Equity ETF | 3.45% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.35% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
SCHD vs. SPHD - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for SCHD and SPHD. For additional features, visit the drawdowns tool.
Volatility
SCHD vs. SPHD - Volatility Comparison
The current volatility for Schwab US Dividend Equity ETF (SCHD) is 3.88%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 4.13%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.