VCDAX vs. SCHD

Last updated Aug 2, 2026

VCDAX (Vanguard Consumer Discretionary Index Fund Admiral Shares) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - VCDAX is a Consumer Discretionary Equities fund managed by Vanguard, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, VCDAX returned 12.93%/yr vs 12.76%/yr for SCHD. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VCDAX charges 0.10%/yr vs 0.06%/yr for SCHD.

Performance

VCDAX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Consumer Discretionary Index Fund Admiral Shares (VCDAX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCDAX achieves a -2.84% return, which is significantly lower than SCHD's 24.03% return. Both investments have delivered pretty close results over the past 10 years, with VCDAX having a 12.93% annualized return and SCHD not far behind at 12.76%.

VCDAX

• 1D: 0.39%
• 1M: -3.69%
• 6M: -4.13%
• YTD: -2.84%
• 1Y: 6.72%
• 3Y*: 10.08%
• 5Y*: 5.04%
• 10Y*: 12.93%
• ALL TIME*: 10.91%

SCHD

• 1D: 0.18%
• 1M: 3.33%
• 6M: 14.09%
• YTD: 24.03%
• 1Y: 31.54%
• 3Y*: 14.19%
• 5Y*: 9.54%
• 10Y*: 12.76%
• ALL TIME*: 13.39%

*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	$786.88M	$715.86M	$685.58M
VCDAX Vanguard Consumer Discretionary Index Fund Admiral Shares	$0.00	$0.00	$0.00

VCDAX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCDAX Vanguard Consumer Discretionary Index Fund Admiral Shares	-2.84%	5.66%	24.37%	40.40%	-35.17%	26.20%	48.18%	27.55%	-2.26%	22.83%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between VCDAX and SCHD is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.69

Over the past year, the correlation between VCDAX and SCHD has dropped to 0.35 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

VCDAX vs. SCHD - Sectors Allocation Comparison

Sectors	VCDAX	SCHD
Consumer Cyclical	96.1%	7.7%
Consumer Defensive	1.3%	20.6%
Industrials	1.1%	7.8%
Technology	1.0%	12.7%
Communication Services	0.3%	6.2%
Healthcare	0.1%	20.8%
Energy	0.1%	14.1%
Real Estate	0.1%	-
Financial Services	0.1%	9.9%
Basic Materials	-	1.2%
Utilities	-	0.1%

Return for Risk

VCDAX vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VCDAX

VCDAX Risk / Return Rank: 7
VCDAX Sharpe Ratio Rank: 7
VCDAX Sortino Ratio Rank: 7
VCDAX Omega Ratio Rank: 7
VCDAX Calmar Ratio Rank: 7
VCDAX Martin Ratio Rank: 7

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 96
SCHD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VCDAX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Consumer Discretionary Index Fund Admiral Shares (VCDAX) and Schwab U.S. 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.

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.

	VCDAX	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.17	2.81	-2.64
Sortino ratio: Return per unit of downside risk	0.37	4.37	-3.99
Omega ratio: Gain probability vs. loss probability	1.04	1.51	-0.46
Calmar ratio: Return relative to maximum drawdown	0.21	6.74	-6.52
Martin ratio: Return relative to average drawdown	0.61	17.01	-16.40

VCDAX vs. SCHD - Sharpe Ratio Comparison

The current VCDAX Sharpe Ratio is 0.17, which is lower than the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of VCDAX and SCHD, 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

VCDAX vs. SCHD - Drawdown Comparison

The maximum VCDAX drawdown since its inception was -61.66%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for VCDAX and SCHD.

Drawdown Indicators

	VCDAX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-61.66%	-33.37%	-28.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.57%	-4.61%	-10.96%
Max Drawdown (3Y) Largest decline over 3 years	-27.44%	-16.13%	-11.31%
Max Drawdown (5Y) Largest decline over 5 years	-38.51%	-16.85%	-21.66%
Max Drawdown (10Y) Largest decline over 10 years	-38.51%	-33.37%	-5.14%
Current Drawdown Current decline from peak	-7.32%	-1.24%	-6.08%
Average Drawdown Average peak-to-trough decline	-9.27%	-3.30%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	1.82%	+3.59%

Volatility

VCDAX vs. SCHD - Volatility Comparison

Vanguard Consumer Discretionary Index Fund Admiral Shares (VCDAX) has a higher volatility of 6.12% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.11%. This indicates that VCDAX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCDAX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	4.11%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	14.52%	8.11%	+6.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.38%	11.13%	+8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	14.39%	+9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	16.72%	+5.86%

VCDAX vs. SCHD - Expense Ratio Comparison

VCDAX has a 0.10% 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%.

Dividends

VCDAX vs. SCHD - Dividend Comparison

VCDAX's dividend yield for the trailing twelve months is around 0.75%, less than SCHD's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.13%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
VCDAX Vanguard Consumer Discretionary Index Fund Admiral Shares	0.75%	0.74%	0.74%	0.84%	0.98%	1.82%	1.71%	1.17%	1.37%	1.21%	1.60%	1.33%

Frequently Asked Questions

Can I hold both VCDAX and SCHD in my portfolio?

VCDAX and SCHD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCDAX or SCHD?

VCDAX has higher volatility (6.12%) compared to SCHD (4.11%). In terms of maximum drawdown, VCDAX dropped -61.66% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 vs 0.17), 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.