SCHD vs. SPY
Compare and contrast key facts about Schwab US Dividend Equity ETF (SCHD) and SPDR S&P 500 ETF (SPY).
SCHD and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SCHD and SPY 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 SPY.
Performance
SCHD vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, SCHD achieves a 16.26% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, SCHD has underperformed SPY with an annualized return of 11.40%, while SPY has yielded a comparatively higher 13.07% annualized return.
SCHD
16.26%
0.84%
10.89%
25.41%
12.67%
11.40%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| SCHD | SPY | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.62 |
| Sortino Ratio | 3.27 | 3.50 |
| Omega Ratio | 1.40 | 1.49 |
| Calmar Ratio | 3.34 | 3.78 |
| Martin Ratio | 12.25 | 17.00 |
| Ulcer Index | 2.05% | 1.87% |
| Daily Std Dev | 11.06% | 12.14% |
| Max Drawdown | -33.37% | -55.19% |
| Current Drawdown | -1.54% | -1.38% |
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SCHD vs. SPY - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than SPY's 0.09% 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%.
Correlation
The correlation between SCHD and SPY 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.
Risk-Adjusted Performance
SCHD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US Dividend Equity ETF (SCHD) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.40%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab US Dividend Equity ETF | 3.40% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SCHD vs. SPY - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCHD and SPY. For additional features, visit the drawdowns tool.
Volatility
SCHD vs. SPY - Volatility Comparison
The current volatility for Schwab US Dividend Equity ETF (SCHD) is 3.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.