FIAT vs SCHD
YieldMax Short COIN Option Income Strategy 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 103 holdings.
Side-by-Side Comparison
| Metric | FIAT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.06% | |
| AUM | $33M | $112.2B | |
| Dividend Yield | 100.90% | 3.13% | |
| Holdings | 26 | 103 | |
| YTD Return | +5.35% | +28.33% | |
| 1Y Return | +20.73% | +30.37% | |
| 3Y Return (annualized) | - | +16.64% | |
| 5Y Return (annualized) | - | +10.04% | |
| Volatility (annualized) | 56.2% | 13.6% | |
| Max Drawdown | -70.5% | -33.4% | |
| Fund Family | YieldMax ETF | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jul 9, 2024 | Oct 20, 2011 |
FIAT vs SCHD Performance
YieldMax Short COIN Option Income Strategy ETF (FIAT) is a ETF from YieldMax ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FIAT returned +20.73% while SCHD returned +30.37%. Year to date, FIAT is up 5.35% versus a gain of 28.33% for SCHD.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 56.2% 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 -70.5% for FIAT 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 -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIAT charges 1.05% per year while SCHD charges 0.06%. On a $10,000 position that is $105 vs $6 annually, a gap of $99 per year that compounds over a long holding period. On income, FIAT currently yields 100.90% against 3.13% for SCHD.
Holdings Overlap
FIAT and SCHD share 0 holdings out of 103 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, FIAT or SCHD?
FIAT has an expense ratio of 1.05% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, FIAT or SCHD?
Over the past year FIAT returned +20.73% vs +30.37% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -23.93% vs +11.58% for SCHD. Past performance does not guarantee future results.
Which is riskier, FIAT or SCHD?
FIAT has been the more volatile fund at 56.2% annualized versus 13.6% for SCHD. Worst drawdown: FIAT -70.5% vs SCHD -33.4%.
Should I hold both FIAT and SCHD?
FIAT and SCHD have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIAT and SCHD?
FIAT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, FIAT or SCHD?
FIAT yields 100.90% while SCHD yields 3.13%, so FIAT currently pays the higher dividend yield.
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