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SPY vs. SCHD

SPDR S&P 500 ETF Trust

SPY
$--
vs

Schwab US Dividend Equity ETF

SCHD
$--

Correlation

SPYSPDR S&P 500 ETF Trust
SCHDSchwab US Dividend Equity ETF

What is SPY?

The SPDR S&P 500 ETF is a fund that before expenses generally corresponds to the price and yield performance of the S&P 500 Index.

Snapshot
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SPY SPDR S&P 500 ETF Trust
SCHD Schwab US Dividend Equity ETF
Inception date
Jan 22, 1993
Oct 20, 2011
Expense ratio
0.09%
0.06%
SPY has a higher expense ratio than SCHD by 0.03%. This can indicate that it’s more expensive to invest in SPY than SCHD.
Type
US Equities
US Equities
SPY targets investing in US Equities, while SCHD targets investing in US Equities.
Fund owner
State Street (SPDR)
Schwab
SPY is managed by State Street (SPDR), while SCHD is managed by Schwab.
Volume (1m avg. daily)
$33,257,618,740
$191,902,599
Both SPY and SCHD are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$400,404,126,565
$47,737,029,197
SPY has more assets under management than SCHD by $352,667,097,368. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
Dow Jones U.S. Dividend 100 Index
SPY is based off of the S&P 500 Index, while SCHD is based off of the Dow Jones U.S. Dividend 100 Index
Inverse/Leveraged
No
No
SPY and SCHD use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPY and SCHD both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
Yes
SCHD may offer dividends, while SPY does not. The frequency and yield of the dividend for SCHD may vary.
Prospectus
SPY may issue a K1, while SCHD does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.

Automated Strategies
Related toSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toSCHD

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic
trading strategy

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Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.