ELCV vs SCHQ
Eventide High Dividend ETF vs Schwab Long-Term US Treasury ETF
Quick Verdict
SCHQ has a lower expense ratio. ELCV delivered stronger 1-year returns. SCHQ offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | ELCV | SCHQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $262M | $803M | |
| Dividend Yield | 2.15% | 4.91% | |
| Holdings | 47 | 100 | |
| YTD Return | +19.72% | -2.39% | |
| 1Y Return | +25.23% | +0.01% | |
| 3Y Return (annualized) | - | +1.26% | |
| 5Y Return (annualized) | - | -7.14% | |
| Volatility (annualized) | 13.8% | 13.5% | |
| Max Drawdown | -18.4% | -46.7% | |
| Fund Family | Eventide | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | Sep 30, 2024 | Oct 10, 2019 |
ELCV vs SCHQ Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Schwab Long-Term US Treasury ETF (SCHQ) is a ETF from Charles Schwab Asset Management. Over the past year ELCV returned +25.23% while SCHQ returned +0.01%. Year to date, ELCV is up 19.72% versus a loss of 2.39% for SCHQ.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 13.5% for SCHQ. 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 -18.4% for ELCV and -46.7% for SCHQ. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while SCHQ charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 4.91% for SCHQ.
Holdings Overlap
ELCV and SCHQ share 0 holdings out of 138 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, ELCV or SCHQ?
ELCV has an expense ratio of 0.49% while SCHQ charges 0.03%. SCHQ is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, ELCV or SCHQ?
Over the past year ELCV returned +25.23% vs +0.01% for SCHQ, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.47% vs -4.36% for SCHQ. Past performance does not guarantee future results.
Which is riskier, ELCV or SCHQ?
ELCV has been the more volatile fund at 13.8% annualized versus 13.5% for SCHQ. Worst drawdown: ELCV -18.4% vs SCHQ -46.7%.
Should I hold both ELCV and SCHQ?
ELCV and SCHQ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and SCHQ?
ELCV and SCHQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, ELCV or SCHQ?
ELCV yields 2.15% while SCHQ yields 4.91%, so SCHQ currently pays the higher dividend yield.
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