ANEW vs SCHD
MSCI Transformational Changes ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ANEW offers more diversification with 148 holdings.
Side-by-Side Comparison
| Metric | ANEW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.06% | |
| AUM | $8M | $108.7B | |
| Dividend Yield | 0.53% | 3.13% | |
| Holdings | 148 | 104 | |
| YTD Return | +5.29% | +26.50% | |
| 1Y Return | +4.66% | +31.25% | |
| 3Y Return (annualized) | +15.07% | +16.34% | |
| 5Y Return (annualized) | +3.68% | +10.10% | |
| Volatility (annualized) | 16.8% | 13.6% | |
| Max Drawdown | -39.9% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 14, 2020 | Oct 20, 2011 |
ANEW vs SCHD Performance
MSCI Transformational Changes ETF (ANEW) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ANEW returned +4.66% while SCHD returned +31.25%. Year to date, ANEW is up 5.29% versus a gain of 26.50% for SCHD.
Over three years, ANEW compounded at +15.07% per year against +16.34% for SCHD; over five years the annualized figures are +3.68% and +10.10% respectively. Across the full 6-year window we track, SCHD has the edge at +11.50% annualized vs +5.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ANEW has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 13.6% 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.53% against 3.13% for SCHD.
Holdings Overlap
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. On a $10,000 investment, that is $39 per year of difference.
Which performed better, ANEW or SCHD?
Over the past year ANEW returned +4.66% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), ANEW annualized +5.56% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, ANEW or SCHD?
ANEW has been the more volatile fund at 16.8% annualized versus 13.6% for SCHD. Worst drawdown: ANEW -39.9% vs SCHD -33.4%.
Should I hold both ANEW and SCHD?
ANEW and SCHD have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ANEW and SCHD?
ANEW and SCHD share 2 common holdings with a 2.2% weight overlap. Combined, they hold 245 unique securities.
Which pays a higher dividend, ANEW or SCHD?
ANEW yields 0.53% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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