FBL vs SCHD
FBL vs SCHD
GraniteShares 2x Long META Daily 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 | FBL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.06% | |
| AUM | $177M | $103.7B | |
| Dividend Yield | 3.22% | 3.31% | |
| Holdings | 2 | 104 | |
| YTD Return | -29.94% | +24.26% | |
| 1Y Return | -52.44% | +31.38% | |
| 3Y Return (annualized) | +18.57% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 64.5% | 13.6% | |
| Max Drawdown | -63.2% | -33.4% | |
| Fund Family | GraniteShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2022 | Oct 20, 2011 |
FBL vs SCHD Performance
GraniteShares 2x Long META Daily ETF (FBL) is a ETF from GraniteShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FBL returned -52.44% while SCHD returned +31.38%. Year to date, FBL is down 29.94% versus a gain of 24.26% for SCHD.
Over three years, FBL compounded at +18.57% per year against +15.08% for SCHD. Across the full 4-year window we track, FBL has the edge at +65.84% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBL has been the more volatile fund, with annualized monthly volatility of 64.5% 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 -63.2% for FBL 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBL charges 1.09% per year while SCHD charges 0.06%. On a $10,000 position that is $109 vs $6 annually, a gap of $103 per year that compounds over a long holding period. On income, FBL currently yields 3.22% against 3.31% for SCHD.
Holdings Overlap
FBL 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, FBL or SCHD?
FBL has an expense ratio of 1.09% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, FBL or SCHD?
Over the past year FBL returned -52.44% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), FBL annualized +65.84% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FBL or SCHD?
FBL has been the more volatile fund at 64.5% annualized versus 13.6% for SCHD. Worst drawdown: FBL -63.2% vs SCHD -33.4%.
Should I hold both FBL and SCHD?
FBL and SCHD have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBL and SCHD?
FBL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, FBL or SCHD?
FBL yields 3.22% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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