EUM vs SCHD
ProShares Short MSCI Emerging Markets 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 104 holdings.
Side-by-Side Comparison
| Metric | EUM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $9M | $108.7B | |
| Dividend Yield | 4.06% | 3.13% | |
| Holdings | 7 | 104 | |
| YTD Return | -18.30% | +27.93% | |
| 1Y Return | -27.11% | +30.06% | |
| 3Y Return (annualized) | -15.93% | +16.25% | |
| 5Y Return (annualized) | -6.39% | +10.03% | |
| Volatility (annualized) | 19.5% | 13.6% | |
| Max Drawdown | -94.0% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2007 | Oct 20, 2011 |
EUM vs SCHD Performance
ProShares Short MSCI Emerging Markets (EUM) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EUM returned -27.11% while SCHD returned +30.06%. Year to date, EUM is down 18.30% versus a gain of 27.93% for SCHD.
Over three years, EUM compounded at -15.93% per year against +16.25% for SCHD; over five years the annualized figures are -6.39% and +10.03% respectively. Across the full 15-year window we track, SCHD has the edge at +11.56% annualized vs -10.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EUM has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -94.0% for EUM 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 -0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EUM 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, EUM currently yields 4.06% against 3.13% for SCHD.
Holdings Overlap
EUM 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, EUM or SCHD?
EUM 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, EUM or SCHD?
Over the past year EUM returned -27.11% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EUM annualized -10.48% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, EUM or SCHD?
EUM has been the more volatile fund at 19.5% annualized versus 13.6% for SCHD. Worst drawdown: EUM -94.0% vs SCHD -33.4%.
Should I hold both EUM and SCHD?
EUM and SCHD have a monthly-return correlation of -0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EUM and SCHD?
EUM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, EUM or SCHD?
EUM yields 4.06% while SCHD yields 3.13%, so EUM currently pays the higher dividend yield.
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