SCHD and SCHG are only moderately correlated (0.60) over the past five years, so they behave meaningfully differently.
SCHG delivered the higher five-year annualized total return (16.4% vs 10.7% for SCHD), though it is only one window and says nothing about the future.
SCHG was the more volatile of the two (22.4% vs 14.6% annualized).
On cost, SCHG is cheaper — 0.04% versus 0.06% for SCHD.
The numbers, side by side
Per-fund metrics. Returns are total return (dividends reinvested, net of fees); volatility, drawdown and correlation are computed from daily closing prices over the trailing five-year window ending Jul 17, 2026.
| Metric | SCHD | SCHG |
|---|---|---|
| 5-yr annualized returntotal return, incl. dividends & fees | 10.7% | 16.4% |
| 5-yr annualized volatilitystandard deviation of daily returns | 14.6% | 22.4% |
| Max drawdown (5-yr window)worst peak-to-trough decline | -18.9% | -35.0% |
| Return per unit of riskSharpe-style, 4.7% risk-free | 0.41 | 0.52 |
| Expense ratioannual fund cost | 0.06% | 0.04% |
How similar are they?
| Relationship metric | SCHD & SCHG |
|---|---|
| Correlation of daily returns5-yr; 1.00 = moves identically | 0.60 |
| Sector overlapΣ min(weight) across sectors | 48.6% |
Where each fund is concentrated
SCHD — top sectors
- Energy20.79%
- Consumer Defensive18.24%
- Healthcare15.28%
SCHG — top sectors
- Technology44.01%
- Communication Services17.03%
- Consumer Cyclical13.21%
Go deeper
For the full write-up, read Best Dividend ETFs 2026: SCHD vs VYM vs DGRO vs DVY Compared.
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Get your free analysisFigures computed by MinMaxDoc from historical market data as of Jul 17, 2026; they will drift as markets move.