HWAY vs SCHD
Themes US Infrastructure 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 100 holdings.
Side-by-Side Comparison
| Metric | HWAY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $4M | $103.7B | |
| Dividend Yield | 1.02% | 3.31% | |
| Holdings | 197 | 104 | |
| YTD Return | +20.56% | +26.21% | |
| 1Y Return | +28.28% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 21.0% | 13.6% | |
| Max Drawdown | -25.8% | -33.4% | |
| Fund Family | Themes ETFs | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 11, 2024 | Oct 20, 2011 |
HWAY vs SCHD Performance
Themes US Infrastructure ETF (HWAY) is a ETF from Themes ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HWAY returned +28.28% while SCHD returned +29.99%. Year to date, HWAY is up 20.56% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
HWAY has been the more volatile fund, with annualized monthly volatility of 21.0% 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 -25.8% for HWAY 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HWAY charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, HWAY currently yields 1.02% against 3.31% for SCHD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, HWAY or SCHD?
HWAY has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, HWAY or SCHD?
Over the past year HWAY returned +28.28% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), HWAY annualized +25.42% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, HWAY or SCHD?
HWAY has been the more volatile fund at 21.0% annualized versus 13.6% for SCHD. Worst drawdown: HWAY -25.8% vs SCHD -33.4%.
Should I hold both HWAY and SCHD?
HWAY and SCHD have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HWAY and SCHD?
HWAY and SCHD share 2 common holdings with a 1.5% weight overlap. Combined, they hold 197 unique securities.
Which pays a higher dividend, HWAY or SCHD?
HWAY yields 1.02% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.