ERNZ vs SCHD
TrueShares Active Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ERNZ offers more diversification with 141 holdings.
Side-by-Side Comparison
| Metric | ERNZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 3.25% | 0.06% | |
| AUM | $6M | $103.7B | |
| Dividend Yield | 8.71% | 3.31% | |
| Holdings | 144 | 104 | |
| YTD Return | +3.84% | +26.21% | |
| 1Y Return | -3.17% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 9.6% | 13.6% | |
| Max Drawdown | -14.2% | -33.4% | |
| Fund Family | TrueShares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 30, 2024 | Oct 20, 2011 |
ERNZ vs SCHD Performance
TrueShares Active Yield ETF (ERNZ) is a ETF from TrueShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ERNZ returned -3.17% while SCHD returned +29.99%. Year to date, ERNZ is up 3.84% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.6% for ERNZ. 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 -14.2% for ERNZ 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ERNZ charges 3.25% per year while SCHD charges 0.06%. On a $10,000 position that is $325 vs $6 annually, a gap of $319 per year that compounds over a long holding period. On income, ERNZ currently yields 8.71% against 3.31% for SCHD.
Holdings Overlap
ERNZ and SCHD share 15 holdings out of 226 unique holdings combined, representing a 4.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ERNZ or SCHD?
ERNZ has an expense ratio of 3.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $319 per year of difference.
Which performed better, ERNZ or SCHD?
Over the past year ERNZ returned -3.17% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), ERNZ annualized -0.17% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, ERNZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.6% for ERNZ. Worst drawdown: ERNZ -14.2% vs SCHD -33.4%.
Should I hold both ERNZ and SCHD?
ERNZ and SCHD have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ERNZ and SCHD?
ERNZ and SCHD share 15 common holdings with a 4.7% weight overlap. Combined, they hold 226 unique securities.
Which pays a higher dividend, ERNZ or SCHD?
ERNZ yields 8.71% while SCHD yields 3.31%, so ERNZ currently pays the higher dividend yield.
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