MLPD vs SCHD
MLPD vs SCHD
Global X MLP & Energy Infrastructure Covered Call 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 | MLPD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $29M | $103.7B | |
| Dividend Yield | 13.51% | 3.31% | |
| Holdings | 4 | 104 | |
| YTD Return | +3.44% | +24.26% | |
| 1Y Return | +10.09% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 7.0% | 13.6% | |
| Max Drawdown | -13.8% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 7, 2024 | Oct 20, 2011 |
MLPD vs SCHD Performance
Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MLPD returned +10.09% while SCHD returned +31.38%. Year to date, MLPD is up 3.44% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.0% for MLPD. 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 -13.8% for MLPD 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MLPD charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, MLPD currently yields 13.51% against 3.31% for SCHD.
Holdings Overlap
MLPD and SCHD share 0 holdings out of 101 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, MLPD or SCHD?
MLPD has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, MLPD or SCHD?
Over the past year MLPD returned +10.09% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), MLPD annualized +10.89% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MLPD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.0% for MLPD. Worst drawdown: MLPD -13.8% vs SCHD -33.4%.
Should I hold both MLPD and SCHD?
MLPD and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MLPD and SCHD?
MLPD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, MLPD or SCHD?
MLPD yields 13.51% while SCHD yields 3.31%, so MLPD currently pays the higher dividend yield.
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