EVNT vs SCHD
AltShares Event Driven ETF 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 | EVNT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.33% | 0.06% | |
| AUM | $13M | $103.7B | |
| Dividend Yield | 4.53% | 3.31% | |
| Holdings | 82 | 104 | |
| YTD Return | +7.28% | +24.26% | |
| 1Y Return | +12.53% | +31.38% | |
| 3Y Return (annualized) | +9.94% | +15.08% | |
| 5Y Return (annualized) | +5.26% | +9.72% | |
| Volatility (annualized) | 7.2% | 13.6% | |
| Max Drawdown | -13.8% | -33.4% | |
| Fund Family | AltShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 20, 2021 | Oct 20, 2011 |
EVNT vs SCHD Performance
AltShares Event Driven ETF (EVNT) is a ETF from AltShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EVNT returned +12.53% while SCHD returned +31.38%. Year to date, EVNT is up 7.28% versus a gain of 24.26% for SCHD.
Over three years, EVNT compounded at +9.94% per year against +15.08% for SCHD; over five years the annualized figures are +5.26% and +9.72% respectively. Across the full 5-year window we track, SCHD has the edge at +11.39% annualized vs +5.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.2% for EVNT. 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 -13.8% for EVNT 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVNT charges 1.33% per year while SCHD charges 0.06%. On a $10,000 position that is $133 vs $6 annually, a gap of $127 per year that compounds over a long holding period. On income, EVNT currently yields 4.53% against 3.31% for SCHD.
Holdings Overlap
EVNT and SCHD share 0 holdings out of 178 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, EVNT or SCHD?
EVNT has an expense ratio of 1.33% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $127 per year of difference.
Which performed better, EVNT or SCHD?
Over the past year EVNT returned +12.53% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), EVNT annualized +5.26% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVNT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.2% for EVNT. Worst drawdown: EVNT -13.8% vs SCHD -33.4%.
Should I hold both EVNT and SCHD?
EVNT and SCHD have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVNT and SCHD?
EVNT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 178 unique securities.
Which pays a higher dividend, EVNT or SCHD?
EVNT yields 4.53% while SCHD yields 3.31%, so EVNT currently pays the higher dividend yield.
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