BOED vs SCHD
Direxion Daily BA Bear 1X ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | BOED | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.06% | |
| AUM | $1M | $108.7B | |
| Dividend Yield | 3.08% | 3.13% | |
| Holdings | 6 | 104 | |
| YTD Return | +2.35% | +26.50% | |
| 1Y Return | -23.58% | +31.25% | |
| 3Y Return (annualized) | - | +16.34% | |
| 5Y Return (annualized) | - | +10.10% | |
| Volatility (annualized) | 30.3% | 13.6% | |
| Max Drawdown | -32.8% | -33.4% | |
| Fund Family | Direxion Shares ETF Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Apr 23, 2025 | Oct 20, 2011 |
BOED vs SCHD Performance
Direxion Daily BA Bear 1X ETF (BOED) is a ETF from Direxion Shares ETF Trust and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BOED returned -23.58% while SCHD returned +31.25%. Year to date, BOED is up 2.35% versus a gain of 26.50% for SCHD.
Risk: Volatility and Drawdowns
BOED has been the more volatile fund, with annualized monthly volatility of 30.3% 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 -32.8% for BOED 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 -0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BOED charges 1.01% per year while SCHD charges 0.06%. On a $10,000 position that is $101 vs $6 annually, a gap of $95 per year that compounds over a long holding period. On income, BOED currently yields 3.08% against 3.13% for SCHD.
Holdings Overlap
BOED and SCHD share 0 holdings out of 102 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOED or SCHD?
BOED has an expense ratio of 1.01% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, BOED or SCHD?
Over the past year BOED returned -23.58% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, BOED or SCHD?
BOED has been the more volatile fund at 30.3% annualized versus 13.6% for SCHD. Worst drawdown: BOED -32.8% vs SCHD -33.4%.
Should I hold both BOED and SCHD?
BOED and SCHD have a monthly-return correlation of -0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOED and SCHD?
BOED and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, BOED or SCHD?
BOED yields 3.08% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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