FXP vs SCHD
ProShares Ultrashort FTSE China 50 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 | FXP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $5M | $112.2B | |
| Dividend Yield | 3.41% | 3.13% | |
| Holdings | 5 | 103 | |
| YTD Return | +21.52% | +27.60% | |
| 1Y Return | +14.52% | +29.63% | |
| 3Y Return (annualized) | -29.11% | +16.43% | |
| 5Y Return (annualized) | -19.23% | +10.05% | |
| Volatility (annualized) | 48.1% | 13.6% | |
| Max Drawdown | -99.9% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | Oct 20, 2011 |
FXP vs SCHD Performance
ProShares Ultrashort FTSE China 50 (FXP) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FXP returned +14.52% while SCHD returned +29.63%. Year to date, FXP is up 21.52% versus a gain of 27.60% for SCHD.
Over three years, FXP compounded at -29.11% per year against +16.43% for SCHD; over five years the annualized figures are -19.23% and +10.05% respectively. Across the full 15-year window we track, SCHD has the edge at +11.54% annualized vs -28.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FXP has been the more volatile fund, with annualized monthly volatility of 48.1% 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 -99.9% for FXP 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 -0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FXP 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, FXP currently yields 3.41% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, FXP or SCHD?
FXP 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, FXP or SCHD?
Over the past year FXP returned +14.52% vs +29.63% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FXP annualized -28.46% vs +11.54% for SCHD. Past performance does not guarantee future results.
Which is riskier, FXP or SCHD?
FXP has been the more volatile fund at 48.1% annualized versus 13.6% for SCHD. Worst drawdown: FXP -99.9% vs SCHD -33.4%.
Should I hold both FXP and SCHD?
FXP and SCHD have a monthly-return correlation of -0.32, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FXP or SCHD?
FXP yields 3.41% while SCHD yields 3.13%, so FXP currently pays the higher dividend yield.
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