CARU vs SCHD
MAX Auto Industry 3X Leveraged ETN vs Schwab US Dividend Equity ETF
Which is better, CARU or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. SCHD is less concentrated, with 41.6% of the fund in its ten largest positions against 78.4%.
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 | CARU | SCHD |
|---|---|---|
| Expense Ratio | 0.95% | 0.06%Best |
| AUM | $3M | $111.6B |
| Dividend Yield | 0.00% | 3.24% |
| Holdings | 24 | 206 |
| YTD Return | -37.66% | +32.20%Best |
| 1Y Return | -31.98% | +38.81%Best |
| 3Y Return (annualized) | +11.31% | +20.74%Best |
| 5Y Return (annualized) | - | +10.57% |
| Volatility (annualized) | 65.2% | 14.4%Best |
| Max Drawdown | -66.4% | -16.1%Best |
| $10,000 over 3.3 years | $7,136 | $16,789Best |
| Top 10 Weight | 78.4% | 41.6%Best |
| Fund Family | BMO Capital Markets | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Jun 30, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 28, 2023 to Oct 30, 2026 (3.3 years).
CARU vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
CARU vs SCHD Performance
MAX Auto Industry 3X Leveraged ETN (CARU) is an ETF from BMO Capital Markets and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CARU returned -31.98% while SCHD returned +38.81%. Year to date, CARU is down 37.66% versus a gain of 32.20% for SCHD.
Over three years, CARU compounded at +11.31% per year against +20.74% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CARU has been the more volatile fund, with annualized monthly volatility of 65.2% compared with 14.4% 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 -66.4% for CARU and -16.1% 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 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CARU charges 0.95% per year while SCHD charges 0.06%. On a $10,000 position that is $95 vs $6 annually, a gap of $89 per year that compounds over a long holding period. On income, CARU currently yields 0.00% against 3.24% for SCHD.
Holdings Overlap
10.2% of CARU's money is in holdings SCHD also owns. 1.3% of SCHD's money is in holdings CARU also owns.
CARU and SCHD share little of their money.
2 positions in common, counted across the 24 positions we hold weights for in CARU and 98 in SCHD, against full books of 24 and 206.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for CARU (98.4% of the fund), and 19 for CARU that do not appear in SCHD (81.4%).
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 CARU 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, CARU or SCHD?
CARU has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, CARU or SCHD?
Over the past year CARU returned -31.98% vs +38.81% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARU or SCHD?
CARU has been the more volatile fund at 65.2% annualized versus 14.4% for SCHD. Worst drawdown: CARU -66.4% vs SCHD -16.1%.
Should I hold both CARU and SCHD?
CARU and SCHD have a monthly-return correlation of 0.54, 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 CARU and SCHD?
10.2% of CARU's money is in holdings SCHD also owns. 1.3% of SCHD's is in holdings CARU also owns. They hold 2 positions in common, counted across the 24 positions we hold weights for in CARU and 98 in SCHD.
Which pays a higher dividend, CARU or SCHD?
CARU yields 0.00% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CARU?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. SCHD is less concentrated, with 41.6% of the fund in its ten largest positions against 78.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.