IPAY vs SCHD
Amplify Digital Payments 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 | IPAY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | |
| AUM | $188M | $108.7B | |
| Dividend Yield | 0.82% | 3.13% | |
| Holdings | 43 | 104 | |
| YTD Return | +1.04% | +26.54% | |
| 1Y Return | -10.38% | +30.90% | |
| 3Y Return (annualized) | +7.87% | +16.29% | |
| 5Y Return (annualized) | -5.56% | +9.65% | |
| Volatility (annualized) | 23.3% | 13.6% | |
| Max Drawdown | -51.8% | -33.4% | |
| Fund Family | Amplify ETFs | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 15, 2015 | Oct 20, 2011 |
IPAY vs SCHD Performance
Amplify Digital Payments ETF (IPAY) is a ETF from Amplify ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IPAY returned -10.38% while SCHD returned +30.90%. Year to date, IPAY is up 1.04% versus a gain of 26.54% for SCHD.
Over three years, IPAY compounded at +7.87% per year against +16.29% for SCHD; over five years the annualized figures are -5.56% and +9.65% respectively. Across the full 11-year window we track, SCHD has the edge at +11.51% annualized vs +6.95%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPAY has been the more volatile fund, with annualized monthly volatility of 23.3% 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 -51.8% for IPAY 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 0.72. 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
IPAY and SCHD share 1 holdings out of 140 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IPAY | Weight in SCHD | Difference |
|---|---|---|---|
| WU | 1.03% | 0.06% | 0.97% |
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. On a $10,000 investment, that is $69 per year of difference.
Which performed better, IPAY or SCHD?
Over the past year IPAY returned -10.38% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), IPAY annualized +6.95% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, IPAY or SCHD?
IPAY has been the more volatile fund at 23.3% annualized versus 13.6% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPAY and SCHD?
IPAY and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 140 unique securities.
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.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.