GLL vs SCHD
ProShares UltraShort Gold 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 | GLL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $129M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | -13.51% | +25.33% | |
| 1Y Return | -48.49% | +32.31% | |
| 3Y Return (annualized) | -42.53% | +15.40% | |
| 5Y Return (annualized) | -31.14% | +9.70% | |
| Volatility (annualized) | 32.4% | 13.6% | |
| Max Drawdown | -99.2% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 1, 2008 | Oct 20, 2011 |
GLL vs SCHD Performance
ProShares UltraShort Gold (GLL) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GLL returned -48.49% while SCHD returned +32.31%. Year to date, GLL is down 13.51% versus a gain of 25.33% for SCHD.
Over three years, GLL compounded at -42.53% per year against +15.40% for SCHD; over five years the annualized figures are -31.14% and +9.70% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs -22.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GLL has been the more volatile fund, with annualized monthly volatility of 32.4% 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 -99.2% for GLL 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 -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GLL 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, GLL currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
GLL 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, GLL or SCHD?
GLL 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, GLL or SCHD?
Over the past year GLL returned -48.49% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), GLL annualized -22.51% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, GLL or SCHD?
GLL has been the more volatile fund at 32.4% annualized versus 13.6% for SCHD. Worst drawdown: GLL -99.2% vs SCHD -33.4%.
Should I hold both GLL and SCHD?
GLL and SCHD have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLL and SCHD?
GLL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, GLL or SCHD?
GLL yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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