ANEW vs SCHD
ProShares MSCI Transformational Changes ETF vs Schwab US Dividend Equity ETF
Which is better, ANEW or SCHD?
All Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. ANEW is less concentrated, with 22.4% of the fund in its ten largest positions against 41.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ANEW | SCHD |
|---|---|---|
| Expense Ratio | 0.45% | 0.06%Best |
| AUM | $8M | $111.6B |
| Dividend Yield | 0.48% | 3.24% |
| Holdings | 148 | 206 |
| Volatility (annualized) | 16.6% | 15.4%Best |
| Max Drawdown | -39.9% | -16.9%Best |
| $10,000 over 6 years | $14,177 | $20,797Best |
| Top 10 Weight | 22.4%Best | 41.6% |
| Fund Family | ProShares | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Value |
| Inception | Oct 14, 2020 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 10 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ANEW has data through Oct 12, 2026 and SCHD through Oct 22, 2026.
Volatility and max drawdown, and the $10,000 over 6 years row, are measured over the window both funds cover: Oct 16, 2020 to Oct 12, 2026 (6 years).
Risk: Volatility and Drawdowns
ANEW has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.4% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -39.9% for ANEW and -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ANEW charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, ANEW currently yields 0.48% against 3.24% for SCHD.
Holdings Overlap
2.4% of ANEW's money is in holdings SCHD also owns. 8.3% of SCHD's money is in holdings ANEW also owns.
SCHD and ANEW share little of their money.
2 positions in common, counted across the 146 positions we hold weights for in ANEW and 98 in SCHD, against full books of 148 and 206.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for ANEW (91.4% of the fund), and 108 for ANEW that do not appear in SCHD (71.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ANEW and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ANEW or SCHD?
ANEW has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
Which is riskier, ANEW or SCHD?
ANEW has been the more volatile fund at 16.6% annualized versus 15.4% for SCHD. Worst drawdown: ANEW -39.9% vs SCHD -16.9%.
Should I hold both ANEW and SCHD?
ANEW and SCHD have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ANEW and SCHD?
8.3% of SCHD's money is in holdings ANEW also owns. 8.3% of SCHD's is in holdings ANEW also owns. They hold 2 positions in common, counted across the 146 positions we hold weights for in ANEW and 98 in SCHD.
Which pays a higher dividend, ANEW or SCHD?
ANEW yields 0.48% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than ANEW?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. ANEW is less concentrated, with 22.4% of the fund in its ten largest positions against 41.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.