EWV vs SCHD
ProShares UltraShort MSCI Japan 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 | EWV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $6M | $103.7B | |
| Dividend Yield | 5.07% | 3.31% | |
| Holdings | 4 | 104 | |
| YTD Return | -33.69% | +24.26% | |
| 1Y Return | -44.54% | +31.38% | |
| 3Y Return (annualized) | -30.89% | +15.08% | |
| 5Y Return (annualized) | -19.78% | +9.72% | |
| Volatility (annualized) | 30.3% | 13.6% | |
| Max Drawdown | -99.3% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | Oct 20, 2011 |
EWV vs SCHD Performance
ProShares UltraShort MSCI Japan (EWV) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EWV returned -44.54% while SCHD returned +31.38%. Year to date, EWV is down 33.69% versus a gain of 24.26% for SCHD.
Over three years, EWV compounded at -30.89% per year against +15.08% for SCHD; over five years the annualized figures are -19.78% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -19.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWV has been the more volatile fund, with annualized monthly volatility of 30.3% 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 -99.3% for EWV 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 -0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWV 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, EWV currently yields 5.07% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, EWV or SCHD?
EWV 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, EWV or SCHD?
Over the past year EWV returned -44.54% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EWV annualized -19.99% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EWV or SCHD?
EWV has been the more volatile fund at 30.3% annualized versus 13.6% for SCHD. Worst drawdown: EWV -99.3% vs SCHD -33.4%.
Should I hold both EWV and SCHD?
EWV and SCHD have a monthly-return correlation of -0.62, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, EWV or SCHD?
EWV yields 5.07% while SCHD yields 3.31%, so EWV currently pays the higher dividend yield.
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