SPYD vs. SCHD
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and Schwab US Dividend Equity ETF (SCHD).
SPYD and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. 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. Both SPYD and SCHD 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: SPYD or SCHD.
Performance
SPYD vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, SPYD achieves a 20.15% return, which is significantly higher than SCHD's 15.93% return.
SPYD
20.15%
-1.32%
12.60%
33.94%
8.08%
N/A
SCHD
15.93%
-0.59%
9.36%
25.99%
12.42%
11.46%
Key characteristics
| SPYD | SCHD | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.25 |
| Sortino Ratio | 3.55 | 3.25 |
| Omega Ratio | 1.45 | 1.39 |
| Calmar Ratio | 2.07 | 3.05 |
| Martin Ratio | 16.91 | 12.25 |
| Ulcer Index | 1.96% | 2.04% |
| Daily Std Dev | 13.04% | 11.09% |
| Max Drawdown | -46.42% | -33.37% |
| Current Drawdown | -1.32% | -1.82% |
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SPYD vs. SCHD - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is higher than SCHD's 0.06% 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%.
Correlation
The correlation between SPYD and SCHD is 0.87, 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
SPYD vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and Schwab US Dividend Equity ETF (SCHD). 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
SPYD vs. SCHD - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.06%, more than SCHD's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.06% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.41% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
SPYD vs. SCHD - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPYD and SCHD. For additional features, visit the drawdowns tool.
Volatility
SPYD vs. SCHD - Volatility Comparison
SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and Schwab US Dividend Equity ETF (SCHD) have volatilities of 3.42% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.