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SPYV vs. SCHD

Last updated Mar 1, 2024

Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and Schwab US Dividend Equity ETF (SCHD).

SPYV and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. 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 SPYV 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: SPYV or SCHD.

Key characteristics


SPYVSCHD
YTD Return3.20%1.98%
1Y Return22.06%8.08%
3Y Return (Ann)11.91%7.54%
5Y Return (Ann)12.30%12.12%
10Y Return (Ann)10.41%11.43%
Sharpe Ratio1.750.66
Daily Std Dev12.29%12.24%
Max Drawdown-58.45%-33.37%
Current Drawdown-0.21%-0.32%

Correlation

0.92
-1.001.00

The correlation between SPYV and SCHD is 0.92, 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.

SPYV vs. SCHD - Performance Comparison

In the year-to-date period, SPYV achieves a 3.20% return, which is significantly higher than SCHD's 1.98% return. Over the past 10 years, SPYV has underperformed SCHD with an annualized return of 10.41%, while SCHD has yielded a comparatively higher 11.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


260.00%280.00%300.00%320.00%340.00%360.00%SeptemberOctoberNovemberDecember2024February
328.51%
352.43%
SPYV
SCHD

Compare stocks, funds, or ETFs


SPDR Portfolio S&P 500 Value ETF

Schwab US Dividend Equity ETF

SPYV vs. SCHD - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.69%, less than SCHD's 3.42% yield.


TTM20232022202120202019201820172016201520142013
SPYV
SPDR Portfolio S&P 500 Value ETF
1.69%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%2.19%1.96%
SCHD
Schwab US Dividend Equity ETF
3.42%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%2.47%

SPYV vs. SCHD - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than SCHD's 0.06% expense ratio.

0.06%
0.00%2.15%
0.04%
0.00%2.15%

SPYV vs. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPYV
SPDR Portfolio S&P 500 Value ETF
1.75
SCHD
Schwab US Dividend Equity ETF
0.66

SPYV vs. SCHD - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 1.75, which is higher than the SCHD Sharpe Ratio of 0.66. The chart below compares the 12-month rolling Sharpe Ratio of SPYV and SCHD.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50SeptemberOctoberNovemberDecember2024February
1.75
0.66
SPYV
SCHD

SPYV vs. SCHD - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than SCHD's maximum drawdown of -33.37%. The drawdown chart below compares losses from any high point along the way for SPYV and SCHD


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February
-0.21%
-0.32%
SPYV
SCHD

SPYV vs. SCHD - Volatility Comparison

SPDR Portfolio S&P 500 Value ETF (SPYV) and Schwab US Dividend Equity ETF (SCHD) have volatilities of 2.95% and 3.07%, 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.


2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%SeptemberOctoberNovemberDecember2024February
2.95%
3.07%
SPYV
SCHD