DYLD vs SCHD
LeaderShares Dynamic Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DYLD offers more diversification with 174 holdings.
Side-by-Side Comparison
| Metric | DYLD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | |
| AUM | $39M | $112.2B | |
| Dividend Yield | 4.26% | 3.13% | |
| Holdings | 174 | 103 | |
| YTD Return | +0.94% | +27.60% | |
| 1Y Return | +2.51% | +29.63% | |
| 3Y Return (annualized) | +4.46% | +16.43% | |
| 5Y Return (annualized) | +0.61% | +10.05% | |
| Volatility (annualized) | 4.9% | 13.6% | |
| Max Drawdown | -15.0% | -33.4% | |
| Fund Family | LeaderShares | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2021 | Oct 20, 2011 |
DYLD vs SCHD Performance
LeaderShares Dynamic Yield ETF (DYLD) is a ETF from LeaderShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DYLD returned +2.51% while SCHD returned +29.63%. Year to date, DYLD is up 0.94% versus a gain of 27.60% for SCHD.
Over three years, DYLD compounded at +4.46% per year against +16.43% for SCHD; over five years the annualized figures are +0.61% and +10.05% respectively. Across the full 5-year window we track, SCHD has the edge at +11.54% annualized vs +0.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.9% for DYLD. 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 -15.0% for DYLD 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
DYLD charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, DYLD currently yields 4.26% against 3.13% for SCHD.
Holdings Overlap
DYLD and SCHD share 6 holdings out of 132 unique holdings combined, representing a 12.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DYLD or SCHD?
DYLD has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, DYLD or SCHD?
Over the past year DYLD returned +2.51% vs +29.63% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), DYLD annualized +0.97% vs +11.54% for SCHD. Past performance does not guarantee future results.
Which is riskier, DYLD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.9% for DYLD. Worst drawdown: DYLD -15.0% vs SCHD -33.4%.
Should I hold both DYLD and SCHD?
DYLD 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 DYLD and SCHD?
DYLD and SCHD share 6 common holdings with a 12.2% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, DYLD or SCHD?
DYLD yields 4.26% while SCHD yields 3.13%, so DYLD currently pays the higher dividend yield.
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