EFO vs SCHD
EFO vs SCHD
ProShares Ultra MSCI EAFE vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. EFO delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | EFO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $29M | $103.7B | |
| Dividend Yield | 1.61% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | +22.49% | +24.26% | |
| 1Y Return | +43.66% | +31.38% | |
| 3Y Return (annualized) | +26.99% | +15.08% | |
| 5Y Return (annualized) | +9.58% | +9.72% | |
| Volatility (annualized) | 32.2% | 13.6% | |
| Max Drawdown | -63.7% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 4, 2009 | Oct 20, 2011 |
EFO vs SCHD Performance
ProShares Ultra MSCI EAFE (EFO) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EFO returned +43.66% while SCHD returned +31.38%. Year to date, EFO is up 22.49% versus a gain of 24.26% for SCHD.
Over three years, EFO compounded at +26.99% per year against +15.08% for SCHD; over five years the annualized figures are +9.58% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFO has been the more volatile fund, with annualized monthly volatility of 32.2% 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 -63.7% for EFO 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EFO 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, EFO currently yields 1.61% against 3.31% for SCHD.
Holdings Overlap
EFO and SCHD share 0 holdings out of 101 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, EFO or SCHD?
EFO has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, EFO or SCHD?
Over the past year EFO returned +43.66% vs +31.38% for SCHD, so EFO leads on 1-year performance. Over the longest common window we track (15 years), EFO annualized +9.03% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EFO or SCHD?
EFO has been the more volatile fund at 32.2% annualized versus 13.6% for SCHD. Worst drawdown: EFO -63.7% vs SCHD -33.4%.
Should I hold both EFO and SCHD?
EFO and SCHD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFO and SCHD?
EFO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, EFO or SCHD?
EFO yields 1.61% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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