EMHY vs SCHD
iShares JP Morgan Emerging Market High Yield Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EMHY offers more diversification with 684 holdings.
Side-by-Side Comparison
| Metric | EMHY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $642M | $108.7B | |
| Dividend Yield | 6.49% | 3.13% | |
| Holdings | 684 | 104 | |
| YTD Return | -0.04% | +28.63% | |
| 1Y Return | +4.28% | +32.53% | |
| 3Y Return (annualized) | +11.33% | +16.97% | |
| 5Y Return (annualized) | +3.63% | +10.47% | |
| Volatility (annualized) | 9.9% | 13.7% | |
| Max Drawdown | -58.8% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 3, 2012 | Oct 20, 2011 |
EMHY vs SCHD Performance
iShares JP Morgan Emerging Market High Yield Bond ETF (EMHY) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EMHY returned +4.28% while SCHD returned +32.53%. Year to date, EMHY is down 0.04% versus a gain of 28.63% for SCHD.
Over three years, EMHY compounded at +11.33% per year against +16.97% for SCHD; over five years the annualized figures are +3.63% and +10.47% respectively. Across the full 14-year window we track, SCHD has the edge at +11.63% annualized vs +4.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 9.9% for EMHY. 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 -58.8% for EMHY 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
EMHY charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, EMHY currently yields 6.49% against 3.13% for SCHD.
Holdings Overlap
EMHY and SCHD share 0 holdings out of 237 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, EMHY or SCHD?
EMHY has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, EMHY or SCHD?
Over the past year EMHY returned +4.28% vs +32.53% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), EMHY annualized +4.56% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, EMHY or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 9.9% for EMHY. Worst drawdown: EMHY -58.8% vs SCHD -33.4%.
Should I hold both EMHY and SCHD?
EMHY 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 EMHY and SCHD?
EMHY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 237 unique securities.
Which pays a higher dividend, EMHY or SCHD?
EMHY yields 6.49% while SCHD yields 3.13%, so EMHY 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.