EUO vs SCHD
ProShares UltraShort Euro 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 100 holdings.
Side-by-Side Comparison
| Metric | EUO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.06% | |
| AUM | $36M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 4 | 104 | |
| YTD Return | +5.97% | +25.62% | |
| 1Y Return | +6.28% | +32.62% | |
| 3Y Return (annualized) | +1.00% | +15.58% | |
| 5Y Return (annualized) | +4.48% | +9.63% | |
| Volatility (annualized) | 17.9% | 13.6% | |
| Max Drawdown | -38.6% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 24, 2008 | Oct 20, 2011 |
EUO vs SCHD Performance
ProShares UltraShort Euro (EUO) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EUO returned +6.28% while SCHD returned +32.62%. Year to date, EUO is up 5.97% versus a gain of 25.62% for SCHD.
Over three years, EUO compounded at +1.00% per year against +15.58% for SCHD; over five years the annualized figures are +4.48% and +9.63% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs +1.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EUO has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -38.6% for EUO 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 -0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EUO charges 0.98% per year while SCHD charges 0.06%. On a $10,000 position that is $98 vs $6 annually, a gap of $92 per year that compounds over a long holding period. On income, EUO currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
EUO 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, EUO or SCHD?
EUO has an expense ratio of 0.98% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, EUO or SCHD?
Over the past year EUO returned +6.28% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EUO annualized +1.13% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, EUO or SCHD?
EUO has been the more volatile fund at 17.9% annualized versus 13.6% for SCHD. Worst drawdown: EUO -38.6% vs SCHD -33.4%.
Should I hold both EUO and SCHD?
EUO and SCHD have a monthly-return correlation of -0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EUO and SCHD?
EUO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, EUO or SCHD?
EUO yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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