HYBI vs SCHD
NEOS Enhanced Income Credit Select 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 | HYBI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.06% | |
| AUM | $223M | $108.7B | |
| Dividend Yield | 8.32% | 3.13% | |
| Holdings | 11 | 104 | |
| YTD Return | +2.53% | +26.54% | |
| 1Y Return | +5.65% | +30.90% | |
| 3Y Return (annualized) | - | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 3.1% | 13.6% | |
| Max Drawdown | -4.0% | -33.4% | |
| Fund Family | NEOS | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2024 | Oct 20, 2011 |
HYBI vs SCHD Performance
NEOS Enhanced Income Credit Select ETF (HYBI) is a ETF from NEOS and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HYBI returned +5.65% while SCHD returned +30.90%. Year to date, HYBI is up 2.53% versus a gain of 26.54% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.1% for HYBI. 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 -4.0% for HYBI 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYBI charges 0.68% per year while SCHD charges 0.06%. On a $10,000 position that is $68 vs $6 annually, a gap of $62 per year that compounds over a long holding period. On income, HYBI currently yields 8.32% against 3.13% for SCHD.
Holdings Overlap
HYBI and SCHD share 0 holdings out of 103 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, HYBI or SCHD?
HYBI has an expense ratio of 0.68% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, HYBI or SCHD?
Over the past year HYBI returned +5.65% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), HYBI annualized +6.51% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, HYBI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.1% for HYBI. Worst drawdown: HYBI -4.0% vs SCHD -33.4%.
Should I hold both HYBI and SCHD?
HYBI and SCHD have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBI and SCHD?
HYBI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, HYBI or SCHD?
HYBI yields 8.32% while SCHD yields 3.13%, so HYBI currently pays the higher dividend yield.
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