HIGH vs SCHD
Simplify Enhanced Income 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 104 holdings.
Side-by-Side Comparison
| Metric | HIGH | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $67M | $108.7B | |
| Dividend Yield | 6.88% | 3.13% | |
| Holdings | 18 | 104 | |
| YTD Return | -0.14% | +27.93% | |
| 1Y Return | -1.77% | +30.06% | |
| 3Y Return (annualized) | +2.57% | +16.25% | |
| 5Y Return (annualized) | - | +10.03% | |
| Volatility (annualized) | 6.2% | 13.6% | |
| Max Drawdown | -9.5% | -33.4% | |
| Fund Family | Simplify Exchange Traded Funds | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 27, 2022 | Oct 20, 2011 |
HIGH vs SCHD Performance
Simplify Enhanced Income ETF (HIGH) is a ETF from Simplify Exchange Traded Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HIGH returned -1.77% while SCHD returned +30.06%. Year to date, HIGH is down 0.14% versus a gain of 27.93% for SCHD.
Over three years, HIGH compounded at +2.57% per year against +16.25% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.56% annualized vs +3.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 6.2% for HIGH. 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 -9.5% for HIGH 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 -0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HIGH charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, HIGH currently yields 6.88% against 3.13% for SCHD.
Holdings Overlap
HIGH 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, HIGH or SCHD?
HIGH has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, HIGH or SCHD?
Over the past year HIGH returned -1.77% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), HIGH annualized +3.55% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, HIGH or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.2% for HIGH. Worst drawdown: HIGH -9.5% vs SCHD -33.4%.
Should I hold both HIGH and SCHD?
HIGH and SCHD have a monthly-return correlation of -0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIGH and SCHD?
HIGH and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, HIGH or SCHD?
HIGH yields 6.88% while SCHD yields 3.13%, so HIGH currently pays the higher dividend yield.
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