IPAY vs SCHD
Amplify Digital Payments ETF vs Schwab US Dividend Equity ETF
Which is better, IPAY or SCHD?
Mid Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 55.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IPAY | SCHD |
|---|---|---|
| Expense Ratio | 0.75% | 0.06%Best |
| AUM | $187M | $112.2B |
| Dividend Yield | 0.82% | 3.13% |
| Holdings | 86 | 103 |
| YTD Return | -0.32% | +27.56%Best |
| 1Y Return | -13.03% | +30.29%Best |
| 3Y Return (annualized) | +7.37% | +16.37%Best |
| 5Y Return (annualized) | -6.21% | +10.23%Best |
| Volatility (annualized) | 23.2% | 14.9%Best |
| Max Drawdown | -51.8% | -33.4%Best |
| $10,000 over 5 years | $7,257 | $16,274Best |
| Top 10 Weight | 55.6% | 41.5%Best |
| Fund Family | Amplify ETFs | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Jul 15, 2015 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2015 to Sep 4, 2026 (11.1 years).
IPAY vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.1 years both funds cover.
IPAY vs SCHD Performance
Amplify Digital Payments ETF (IPAY) is an ETF from Amplify ETFs and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IPAY returned -13.03% while SCHD returned +30.29%. Year to date, IPAY is down 0.32% versus a gain of 27.56% for SCHD.
Over three years, IPAY compounded at +7.37% per year against +16.37% for SCHD; over five years the annualized figures are -6.21% and +10.23% respectively. Across the full 11-year window we track, SCHD has the edge at +11.07% annualized vs +6.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPAY has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 14.9% 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 -51.8% for IPAY and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPAY charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, IPAY currently yields 0.82% against 3.13% for SCHD.
Holdings Overlap
1.0% of IPAY's money is in holdings SCHD also owns. 0.1% of SCHD's money is in holdings IPAY also owns.
IPAY and SCHD share little of their money.
1 positions in common, counted across the 41 positions we hold weights for in IPAY and 100 in SCHD, against full books of 86 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for IPAY (99.8% of the fund), and 26 for IPAY that do not appear in SCHD (82.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IPAY | Weight in SCHD | Difference |
|---|---|---|---|
| WUWestern Union | 1.03% | 0.06% | 0.97% |
You are not choosing between two funds in isolation.
Whichever of IPAY and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IPAY or SCHD?
IPAY has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option, by $69 a year on a $10,000 investment.
Which performed better, IPAY or SCHD?
Over the past year IPAY returned -13.03% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), IPAY annualized +6.78% vs +11.07% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IPAY or SCHD?
IPAY has been the more volatile fund at 23.2% annualized versus 14.9% for SCHD. Worst drawdown: IPAY -51.8% vs SCHD -33.4%.
Should I hold both IPAY and SCHD?
IPAY and SCHD have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IPAY and SCHD?
1.0% of IPAY's money is in holdings SCHD also owns. 0.1% of SCHD's is in holdings IPAY also owns. They hold 1 positions in common, counted across the 41 positions we hold weights for in IPAY and 100 in SCHD.
Which pays a higher dividend, IPAY or SCHD?
IPAY yields 0.82% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IPAY?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 55.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.