BPAY vs SCHD
iShares FinTech Active 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 100 holdings.
Side-by-Side Comparison
| Metric | BPAY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $9M | $103.7B | |
| Dividend Yield | 7.10% | 3.31% | |
| Holdings | 42 | 104 | |
| YTD Return | -1.21% | +25.33% | |
| 1Y Return | -10.44% | +32.31% | |
| 3Y Return (annualized) | +10.26% | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 24.3% | 13.6% | |
| Max Drawdown | -33.6% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Aug 16, 2022 | Oct 20, 2011 |
BPAY vs SCHD Performance
iShares FinTech Active ETF (BPAY) is a ETF from BlackRock, Inc. (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BPAY returned -10.44% while SCHD returned +32.31%. Year to date, BPAY is down 1.21% versus a gain of 25.33% for SCHD.
Over three years, BPAY compounded at +10.26% per year against +15.40% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.45% annualized vs +4.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BPAY has been the more volatile fund, with annualized monthly volatility of 24.3% 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 -33.6% for BPAY 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BPAY charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, BPAY currently yields 7.10% against 3.31% for SCHD.
Holdings Overlap
BPAY and SCHD share 0 holdings out of 139 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, BPAY or SCHD?
BPAY has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, BPAY or SCHD?
Over the past year BPAY returned -10.44% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), BPAY annualized +4.61% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, BPAY or SCHD?
BPAY has been the more volatile fund at 24.3% annualized versus 13.6% for SCHD. Worst drawdown: BPAY -33.6% vs SCHD -33.4%.
Should I hold both BPAY and SCHD?
BPAY and SCHD have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BPAY and SCHD?
BPAY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 139 unique securities.
Which pays a higher dividend, BPAY or SCHD?
BPAY yields 7.10% while SCHD yields 3.31%, so BPAY currently pays the higher dividend yield.
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