XLSR vs. SCHD

Last updated Aug 2, 2026

XLSR (SPDR SSGA US Sector Rotation ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XLSR is a Large Cap Growth Equities fund actively managed by State Street, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. XLSR is actively managed, while SCHD is passively managed. Over the past 5 years, XLSR returned 8.89%/yr vs 9.54%/yr for SCHD. Their 0.70 correlation means they have sometimes moved together and sometimes differently. XLSR charges 0.70%/yr vs 0.06%/yr for SCHD.

Performance

XLSR vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA US Sector Rotation ETF (XLSR) 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, XLSR achieves a 3.14% return, which is significantly lower than SCHD's 24.03% return.

XLSR

• 1D: 0.60%
• 1M: -0.23%
• 6M: 2.83%
• YTD: 3.14%
• 1Y: 17.26%
• 3Y*: 13.79%
• 5Y*: 8.89%
• 10Y*: —
• ALL TIME*: 12.39%

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
XLSR SPDR SSGA US Sector Rotation ETF	$2.68M	$3.15M	$4.30M

XLSR vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XLSR SPDR SSGA US Sector Rotation ETF	3.14%	17.34%	17.60%	18.95%	-15.70%	20.47%	20.23%	13.86%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	12.65%

Correlation

The correlation between XLSR and SCHD is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019	0.70

Over the past year, the correlation between XLSR and SCHD has dropped to 0.19 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

XLSR vs. SCHD - Sectors Allocation Comparison

Sectors	XLSR	SCHD
Technology	42.4%	12.7%
Communication Services	23.3%	6.2%
Industrials	18.4%	7.8%
Energy	6.2%	14.1%
Consumer Cyclical	4.9%	7.7%
Consumer Defensive	4.9%	20.6%
Healthcare	3.8%	20.8%
Financial Services	0.7%	9.9%
Basic Materials	-	1.2%
Real Estate	-	-
Utilities	-	0.1%

Return for Risk

XLSR vs. SCHD — Risk / Return Rank

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

XLSR

XLSR Risk / Return Rank: 43
XLSR Sharpe Ratio Rank: 44
XLSR Sortino Ratio Rank: 44
XLSR Omega Ratio Rank: 43
XLSR Calmar Ratio Rank: 39
XLSR Martin Ratio Rank: 47

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.

XLSR vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Sector Rotation ETF (XLSR) 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.

	XLSR	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.81	-1.71
Sortino ratio: Return per unit of downside risk	1.62	4.37	-2.75
Omega ratio: Gain probability vs. loss probability	1.20	1.51	-0.31
Calmar ratio: Return relative to maximum drawdown	1.37	6.74	-5.37
Martin ratio: Return relative to average drawdown	5.36	17.01	-11.65

XLSR vs. SCHD - Sharpe Ratio Comparison

The current XLSR Sharpe Ratio is 1.10, which is lower than the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of XLSR 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

XLSR vs. SCHD - Drawdown Comparison

The maximum XLSR drawdown since its inception was -32.94%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for XLSR and SCHD.

Drawdown Indicators

	XLSR	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-32.94%	-33.37%	+0.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-4.61%	-6.45%
Max Drawdown (3Y) Largest decline over 3 years	-20.57%	-16.13%	-4.44%
Max Drawdown (5Y) Largest decline over 5 years	-23.32%	-16.85%	-6.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-3.60%	-1.24%	-2.36%
Average Drawdown Average peak-to-trough decline	-5.28%	-3.30%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	1.82%	+1.00%

Volatility

XLSR vs. SCHD - Volatility Comparison

The current volatility for SPDR SSGA US Sector Rotation ETF (XLSR) is 3.88%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.11%. This indicates that XLSR experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLSR	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.11%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	8.11%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	11.13%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	14.39%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.98%	16.72%	+3.26%

XLSR vs. SCHD - Expense Ratio Comparison

XLSR has a 0.70% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

XLSR vs. SCHD - Dividend Comparison

XLSR's dividend yield for the trailing twelve months is around 0.46%, 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%
XLSR SPDR SSGA US Sector Rotation ETF	0.46%	0.58%	0.66%	1.04%	1.80%	3.44%	1.25%	0.94%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLSR and SCHD in my portfolio?

XLSR and SCHD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLSR or SCHD?

SCHD has higher volatility (4.11%) compared to XLSR (3.88%). In terms of maximum drawdown, XLSR dropped -32.94% vs SCHD's -33.37%.

Which ETF is better, XLSR or SCHD?

On 5-year performance, SCHD leads with 9.54% vs 8.89% for XLSR. On fees, SCHD is cheaper at 0.06% per year. On volatility, XLSR has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLSR or SCHD?

Over the 5-year period, SCHD has performed better with a 9.54% return vs 8.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLSR or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.70% for XLSR.

Which ETF pays a higher dividend yield, XLSR or SCHD?

SCHD has the higher dividend yield at 3.13%, compared with 0.46% for XLSR.

What is the main difference between XLSR and SCHD?

XLSR is categorized as Large Cap Growth Equities, while SCHD is Dividend. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.70% for XLSR and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 vs 1.10), 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.