IQHI vs SCHD
NYLI MacKay High Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IQHI offers more diversification with 350 holdings.
Side-by-Side Comparison
| Metric | IQHI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.06% | |
| AUM | $113M | $108.7B | |
| Dividend Yield | 8.03% | 3.13% | |
| Holdings | 350 | 104 | |
| YTD Return | +2.74% | +28.70% | |
| 1Y Return | +6.30% | +32.27% | |
| 3Y Return (annualized) | +7.99% | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 4.9% | 13.7% | |
| Max Drawdown | -4.7% | -33.4% | |
| Fund Family | New York Life Investments | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 24, 2022 | Oct 20, 2011 |
IQHI vs SCHD Performance
NYLI MacKay High Income ETF (IQHI) is a ETF from New York Life Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IQHI returned +6.30% while SCHD returned +32.27%. Year to date, IQHI is up 2.74% versus a gain of 28.70% for SCHD.
Over three years, IQHI compounded at +7.99% per year against +17.27% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.63% annualized vs +8.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 4.9% for IQHI. 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 -4.7% for IQHI 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IQHI charges 0.41% per year while SCHD charges 0.06%. On a $10,000 position that is $41 vs $6 annually, a gap of $35 per year that compounds over a long holding period. On income, IQHI currently yields 8.03% against 3.13% for SCHD.
Holdings Overlap
IQHI and SCHD share 0 holdings out of 364 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, IQHI or SCHD?
IQHI has an expense ratio of 0.41% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IQHI or SCHD?
Over the past year IQHI returned +6.30% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), IQHI annualized +8.37% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, IQHI or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 4.9% for IQHI. Worst drawdown: IQHI -4.7% vs SCHD -33.4%.
Should I hold both IQHI and SCHD?
IQHI and SCHD have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IQHI and SCHD?
IQHI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 364 unique securities.
Which pays a higher dividend, IQHI or SCHD?
IQHI yields 8.03% while SCHD yields 3.13%, so IQHI currently pays the higher dividend yield.
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