ISPY vs SCHD
ProShares S&P 500 High Income ETF vs Schwab US Dividend Equity ETF
Which is better, ISPY or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window.
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 | ISPY | SCHD |
|---|---|---|
| Expense Ratio | 0.55% | 0.06%Best |
| AUM | $1.1B | $124.4B |
| Dividend Yield | 5.61% | 2.96% |
| Holdings | 1,535 | 102 |
| YTD Return | +2.80% | +33.46%Best |
| 1Y Return | +4.47% | +37.35%Best |
| 3Y Return (annualized) | +5.95% | +19.54%Best |
| 5Y Return (annualized) | - | +10.35% |
| Volatility (annualized) | 14.9% | 13.9%Best |
| Max Drawdown | -18.4% | -16.1%Best |
| $10,000 over 2.9 years | $11,825 | $15,994Best |
| Fund Family | ProShares | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Dec 18, 2023 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 20, 2023 to Nov 13, 2026 (2.9 years).
ISPY 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 2.9 years both funds cover.
ISPY vs SCHD Performance
ProShares S&P 500 High Income ETF (ISPY) is an ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year ISPY returned +4.47% while SCHD returned +37.35%. Year to date, ISPY is up 2.80% versus a gain of 33.46% for SCHD.
Over three years, ISPY compounded at +5.95% per year against +19.54% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ISPY has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 13.9% 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 -18.4% for ISPY and -16.1% 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 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ISPY charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, ISPY currently yields 5.61% against 2.96% for SCHD.
Holdings Overlap
At least 72.4% of SCHD's money is in holdings ISPY also owns.
Stated as a floor: for ISPY, our book for it covers 93.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of SCHD is already inside ISPY. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 459 positions we hold weights for in ISPY and 98 in SCHD, against full books of 1,535 and 102.
Top Shared Holdings
| Stock | Weight in ISPY | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp. | 0.56% | 4.17% | 3.61% |
| KOCoca Cola Co. | 0.49% | 4.22% | 3.73% |
| HDHome Depot Inc/The | 0.45% | 4.16% | 3.71% |
| AMGNAmgen Inc. | 0.33% | 4.08% | 3.75% |
| UNHUnitedhealth Group Inc. | 0.47% | 3.89% | 3.42% |
| MRKMerck & Co. Inc. | 0.48% | 3.80% | 3.32% |
| ABTAbbott Laboratories | 0.25% | 3.87% | 3.62% |
| QCOMQualcomm Inc. | 0.23% | 3.70% | 3.47% |
| VZVerizon Communications Inc Com Usd1 | 0.25% | 3.48% | 3.23% |
| LMTLockheed Martin Corp | 0.15% | 3.07% | 2.92% |
72.4% of SCHD is already inside ISPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ISPY or SCHD?
ISPY has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, ISPY or SCHD?
Over the past year ISPY returned +4.47% vs +37.35% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ISPY or SCHD?
ISPY has been the more volatile fund at 14.9% annualized versus 13.9% for SCHD. Worst drawdown: ISPY -18.4% vs SCHD -16.1%.
Should I hold both ISPY and SCHD?
ISPY and SCHD have a monthly-return correlation of 0.31, 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 ISPY and SCHD?
At least 72.4% of SCHD's money is in holdings ISPY also owns. Our book for ISPY is partial, so the real figure is this or higher. They hold 36 positions in common, counted across the 459 positions we hold weights for in ISPY and 98 in SCHD.
Which pays a higher dividend, ISPY or SCHD?
ISPY yields 5.61% while SCHD yields 2.96%, so ISPY currently pays the higher dividend yield.
Is SCHD better than ISPY?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.