ICOI vs SCHD
Bitwise COIN Option Income Strategy 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 | ICOI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.06% | |
| AUM | $14M | $103.7B | |
| Dividend Yield | 303.19% | 3.31% | |
| Holdings | 4 | 104 | |
| YTD Return | -25.55% | +25.62% | |
| 1Y Return | -51.70% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 39.0% | 13.6% | |
| Max Drawdown | -59.3% | -33.4% | |
| Fund Family | Bitwise | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2025 | Oct 20, 2011 |
ICOI vs SCHD Performance
Bitwise COIN Option Income Strategy ETF (ICOI) is a ETF from Bitwise and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ICOI returned -51.70% while SCHD returned +32.62%. Year to date, ICOI is down 25.55% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
ICOI has been the more volatile fund, with annualized monthly volatility of 39.0% 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 -59.3% for ICOI 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 -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ICOI charges 0.98% per year while SCHD charges 0.06%. On a $10,000 position that is $98 vs $6 annually, a gap of $92 per year that compounds over a long holding period. On income, ICOI currently yields 303.19% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, ICOI or SCHD?
ICOI has an expense ratio of 0.98% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, ICOI or SCHD?
Over the past year ICOI returned -51.70% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), ICOI annualized -22.48% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, ICOI or SCHD?
ICOI has been the more volatile fund at 39.0% annualized versus 13.6% for SCHD. Worst drawdown: ICOI -59.3% vs SCHD -33.4%.
Should I hold both ICOI and SCHD?
ICOI and SCHD have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ICOI or SCHD?
ICOI yields 303.19% while SCHD yields 3.31%, so ICOI currently pays the higher dividend yield.
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