EFZ vs SCHD
ProShares Short MSCI EAFE 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 103 holdings.
Side-by-Side Comparison
| Metric | EFZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $10M | $112.2B | |
| Dividend Yield | 4.03% | 3.13% | |
| Holdings | 6 | 103 | |
| YTD Return | -9.75% | +27.89% | |
| 1Y Return | -15.70% | +29.93% | |
| 3Y Return (annualized) | -11.65% | +16.13% | |
| 5Y Return (annualized) | -6.17% | +10.00% | |
| Volatility (annualized) | 17.5% | 13.6% | |
| Max Drawdown | -90.3% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 23, 2007 | Oct 20, 2011 |
EFZ vs SCHD Performance
ProShares Short MSCI EAFE (EFZ) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EFZ returned -15.70% while SCHD returned +29.93%. Year to date, EFZ is down 9.75% versus a gain of 27.89% for SCHD.
Over three years, EFZ compounded at -11.65% per year against +16.13% for SCHD; over five years the annualized figures are -6.17% and +10.00% respectively. Across the full 15-year window we track, SCHD has the edge at +11.56% annualized vs -8.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFZ has been the more volatile fund, with annualized monthly volatility of 17.5% 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 -90.3% for EFZ 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 -0.76. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EFZ 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, EFZ currently yields 4.03% against 3.13% for SCHD.
Holdings Overlap
EFZ 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, EFZ or SCHD?
EFZ 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, EFZ or SCHD?
Over the past year EFZ returned -15.70% vs +29.93% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EFZ annualized -8.55% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, EFZ or SCHD?
EFZ has been the more volatile fund at 17.5% annualized versus 13.6% for SCHD. Worst drawdown: EFZ -90.3% vs SCHD -33.4%.
Should I hold both EFZ and SCHD?
EFZ and SCHD have a monthly-return correlation of -0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFZ and SCHD?
EFZ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, EFZ or SCHD?
EFZ yields 4.03% while SCHD yields 3.13%, so EFZ currently pays the higher dividend yield.
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