HYTI vs SCHD
FT Vest High Yield & Target 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 | HYTI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $91M | $108.7B | |
| Dividend Yield | 10.45% | 3.13% | |
| Holdings | 4 | 104 | |
| YTD Return | +2.68% | +27.67% | |
| 1Y Return | +5.68% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 2.6% | 13.6% | |
| Max Drawdown | -4.5% | -33.4% | |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Feb 12, 2025 | Oct 20, 2011 |
HYTI vs SCHD Performance
FT Vest High Yield & Target Income ETF (HYTI) is a ETF from First Trust Portfolios (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HYTI returned +5.68% while SCHD returned +31.26%. Year to date, HYTI is up 2.68% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.6% for HYTI. 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 -4.5% for HYTI 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYTI charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, HYTI currently yields 10.45% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, HYTI or SCHD?
HYTI has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, HYTI or SCHD?
Over the past year HYTI returned +5.68% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), HYTI annualized +6.46% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, HYTI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.6% for HYTI. Worst drawdown: HYTI -4.5% vs SCHD -33.4%.
Should I hold both HYTI and SCHD?
HYTI and SCHD have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, HYTI or SCHD?
HYTI yields 10.45% while SCHD yields 3.13%, so HYTI currently pays the higher dividend yield.
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