Quick Verdict

SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.

Lower Fees: SCHDHigher Returns: SCHDMore Diversified: SCHD

Side-by-Side Comparison

MetricEMTYSCHDWinner
Expense Ratio0.65%0.06%
AUM$3M$103.7B
Dividend Yield3.28%3.31%
Holdings5104
YTD Return-4.68%+24.26%
1Y Return+0.15%+31.38%
3Y Return (annualized)-5.58%+15.08%
5Y Return (annualized)-4.10%+9.72%
Volatility (annualized)24.1%13.6%
Max Drawdown-78.1%-33.4%
Fund FamilyProSharesCharles Schwab Asset Management
CategoryAlternativeEquity
InceptionNov 14, 2017Oct 20, 2011

EMTY vs SCHD Performance

ProShares Decline of the Retail Store ETF (EMTY) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EMTY returned +0.15% while SCHD returned +31.38%. Year to date, EMTY is down 4.68% versus a gain of 24.26% for SCHD.

Over three years, EMTY compounded at -5.58% per year against +15.08% for SCHD; over five years the annualized figures are -4.10% and +9.72% respectively. Across the full 9-year window we track, SCHD has the edge at +11.39% annualized vs -11.86%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

EMTY has been the more volatile fund, with annualized monthly volatility of 24.1% 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 -78.1% for EMTY 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 -0.74. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

EMTY charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, EMTY currently yields 3.28% against 3.31% for SCHD.

Frequently Asked Questions

Which is cheaper, EMTY or SCHD?

EMTY has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.

Which performed better, EMTY or SCHD?

Over the past year EMTY returned +0.15% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), EMTY annualized -11.86% vs +11.39% for SCHD. Past performance does not guarantee future results.

Which is riskier, EMTY or SCHD?

EMTY has been the more volatile fund at 24.1% annualized versus 13.6% for SCHD. Worst drawdown: EMTY -78.1% vs SCHD -33.4%.

Should I hold both EMTY and SCHD?

EMTY and SCHD have a monthly-return correlation of -0.74, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, EMTY or SCHD?

EMTY yields 3.28% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.

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