CVNY vs SCHD
YieldMax CVNA Option Income Strategy 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 | CVNY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.06% | |
| AUM | $20M | $103.7B | |
| Dividend Yield | 108.01% | 3.31% | |
| Holdings | 14 | 104 | |
| YTD Return | -6.83% | +25.62% | |
| 1Y Return | +8.78% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 45.0% | 13.6% | |
| Max Drawdown | -43.3% | -33.4% | |
| Fund Family | YieldMax ETF | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 29, 2025 | Oct 20, 2011 |
CVNY vs SCHD Performance
YieldMax CVNA Option Income Strategy ETF (CVNY) is a ETF from YieldMax ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CVNY returned +8.78% while SCHD returned +32.62%. Year to date, CVNY is down 6.83% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
CVNY has been the more volatile fund, with annualized monthly volatility of 45.0% 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 -43.3% for CVNY 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVNY charges 1.09% per year while SCHD charges 0.06%. On a $10,000 position that is $109 vs $6 annually, a gap of $103 per year that compounds over a long holding period. On income, CVNY currently yields 108.01% against 3.31% for SCHD.
Holdings Overlap
CVNY and SCHD share 0 holdings out of 103 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, CVNY or SCHD?
CVNY has an expense ratio of 1.09% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, CVNY or SCHD?
Over the past year CVNY returned +8.78% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CVNY annualized +22.87% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, CVNY or SCHD?
CVNY has been the more volatile fund at 45.0% annualized versus 13.6% for SCHD. Worst drawdown: CVNY -43.3% vs SCHD -33.4%.
Should I hold both CVNY and SCHD?
CVNY and SCHD have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVNY and SCHD?
CVNY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, CVNY or SCHD?
CVNY yields 108.01% while SCHD yields 3.31%, so CVNY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.