HBTA vs SCHD
Horizon Expedition Plus ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. HBTA offers more diversification with 199 holdings.
Side-by-Side Comparison
| Metric | HBTA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.06% | |
| AUM | $226M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 209 | 104 | |
| YTD Return | +5.55% | +25.58% | |
| 1Y Return | +21.60% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 19.4% | 13.6% | |
| Max Drawdown | -23.8% | -33.4% | |
| Fund Family | Horizon Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 22, 2025 | Oct 20, 2011 |
HBTA vs SCHD Performance
Horizon Expedition Plus ETF (HBTA) is a ETF from Horizon Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HBTA returned +21.60% while SCHD returned +31.06%. Year to date, HBTA is up 5.55% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
HBTA has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -23.8% for HBTA 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HBTA charges 0.86% per year while SCHD charges 0.06%. On a $10,000 position that is $86 vs $6 annually, a gap of $80 per year that compounds over a long holding period. On income, HBTA currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
HBTA and SCHD share 16 holdings out of 283 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HBTA or SCHD?
HBTA has an expense ratio of 0.86% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, HBTA or SCHD?
Over the past year HBTA returned +21.60% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), HBTA annualized +0.14% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, HBTA or SCHD?
HBTA has been the more volatile fund at 19.4% annualized versus 13.6% for SCHD. Worst drawdown: HBTA -23.8% vs SCHD -33.4%.
Should I hold both HBTA and SCHD?
HBTA and SCHD have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HBTA and SCHD?
HBTA and SCHD share 16 common holdings with a 4.3% weight overlap. Combined, they hold 283 unique securities.
Which pays a higher dividend, HBTA or SCHD?
HBTA yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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