IPOS vs SCHD
Renaissance International IPO ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. IPOS delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | IPOS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.06% | |
| AUM | $12M | $108.7B | |
| Dividend Yield | 0.36% | 3.13% | |
| Holdings | 38 | 104 | |
| YTD Return | +37.08% | +26.54% | |
| 1Y Return | +48.10% | +30.90% | |
| 3Y Return (annualized) | +17.79% | +16.29% | |
| 5Y Return (annualized) | -5.91% | +9.65% | |
| Volatility (annualized) | 21.8% | 13.6% | |
| Max Drawdown | -73.1% | -33.4% | |
| Fund Family | Renaissance Capital | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 6, 2014 | Oct 20, 2011 |
IPOS vs SCHD Performance
Renaissance International IPO ETF (IPOS) is a ETF from Renaissance Capital and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IPOS returned +48.10% while SCHD returned +30.90%. Year to date, IPOS is up 37.08% versus a gain of 26.54% for SCHD.
Over three years, IPOS compounded at +17.79% per year against +16.29% for SCHD; over five years the annualized figures are -5.91% and +9.65% respectively. Across the full 12-year window we track, SCHD has the edge at +11.51% annualized vs +1.60%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPOS has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -73.1% for IPOS 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IPOS charges 0.80% per year while SCHD charges 0.06%. On a $10,000 position that is $80 vs $6 annually, a gap of $74 per year that compounds over a long holding period. On income, IPOS currently yields 0.36% against 3.13% for SCHD.
Holdings Overlap
IPOS and SCHD share 0 holdings out of 150 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, IPOS or SCHD?
IPOS has an expense ratio of 0.80% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, IPOS or SCHD?
Over the past year IPOS returned +48.10% vs +30.90% for SCHD, so IPOS leads on 1-year performance. Over the longest common window we track (12 years), IPOS annualized +1.60% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, IPOS or SCHD?
IPOS has been the more volatile fund at 21.8% annualized versus 13.6% for SCHD. Worst drawdown: IPOS -73.1% vs SCHD -33.4%.
Should I hold both IPOS and SCHD?
IPOS and SCHD have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPOS and SCHD?
IPOS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, IPOS or SCHD?
IPOS yields 0.36% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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