MAYZ vs SCHD
TrueShares Structured Outcome May 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 100 holdings.
Side-by-Side Comparison
| Metric | MAYZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $32M | $103.7B | |
| Dividend Yield | 2.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +10.70% | +25.33% | |
| 1Y Return | +15.11% | +32.31% | |
| 3Y Return (annualized) | +15.23% | +15.40% | |
| 5Y Return (annualized) | +8.82% | +9.70% | |
| Volatility (annualized) | 11.8% | 13.6% | |
| Max Drawdown | -19.2% | -33.4% | |
| Fund Family | TrueShares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 30, 2021 | Oct 20, 2011 |
MAYZ vs SCHD Performance
TrueShares Structured Outcome May ETF (MAYZ) is a ETF from TrueShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MAYZ returned +15.11% while SCHD returned +32.31%. Year to date, MAYZ is up 10.70% versus a gain of 25.33% for SCHD.
Over three years, MAYZ compounded at +15.23% per year against +15.40% for SCHD; over five years the annualized figures are +8.82% and +9.70% respectively. Across the full 5-year window we track, SCHD has the edge at +11.45% annualized vs +9.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.8% for MAYZ. 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 -19.2% for MAYZ 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
MAYZ charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, MAYZ currently yields 2.00% against 3.31% for SCHD.
Holdings Overlap
MAYZ and SCHD share 1 holdings out of 100 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MAYZ | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.13% | 0.04% | 0.09% |
Frequently Asked Questions
Which is cheaper, MAYZ or SCHD?
MAYZ has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, MAYZ or SCHD?
Over the past year MAYZ returned +15.11% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), MAYZ annualized +9.21% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, MAYZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.8% for MAYZ. Worst drawdown: MAYZ -19.2% vs SCHD -33.4%.
Should I hold both MAYZ and SCHD?
MAYZ 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 MAYZ and SCHD?
MAYZ and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 100 unique securities.
Which pays a higher dividend, MAYZ or SCHD?
MAYZ yields 2.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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