MSDD vs SCHD

Quick Verdict

SCHD has a lower expense ratio. MSDD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.

Lower Fees: SCHDHigher Returns: MSDDMore Diversified: SCHD

Side-by-Side Comparison

MetricMSDDSCHDWinner
Expense Ratio1.50%0.06%
AUM$2M$103.7B
Dividend Yield0.00%3.31%
Holdings1104
YTD Return-45.26%+24.26%
1Y Return+70.78%+31.38%
3Y Return (annualized)-+15.08%
5Y Return (annualized)-+9.72%
Volatility (annualized)133.8%13.6%
Max Drawdown-84.9%-33.4%
Fund FamilyGraniteSharesCharles Schwab Asset Management
CategoryAlternativeEquity
InceptionJun 9, 2025Oct 20, 2011

MSDD vs SCHD Performance

GraniteShares 2x Short MSTR Daily ETF (MSDD) is a ETF from GraniteShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MSDD returned +70.78% while SCHD returned +31.38%. Year to date, MSDD is down 45.26% versus a gain of 24.26% for SCHD.

Risk: Volatility and Drawdowns

MSDD has been the more volatile fund, with annualized monthly volatility of 133.8% 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 -84.9% for MSDD 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 -0.19. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

MSDD charges 1.50% per year while SCHD charges 0.06%. On a $10,000 position that is $150 vs $6 annually, a gap of $144 per year that compounds over a long holding period. On income, MSDD currently yields 0.00% against 3.31% for SCHD.

Frequently Asked Questions

Which is cheaper, MSDD or SCHD?

MSDD has an expense ratio of 1.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $144 per year of difference.

Which performed better, MSDD or SCHD?

Over the past year MSDD returned +70.78% vs +31.38% for SCHD, so MSDD leads on 1-year performance. Over the longest common window we track (1 years), MSDD annualized +87.92% vs +11.39% for SCHD. Past performance does not guarantee future results.

Which is riskier, MSDD or SCHD?

MSDD has been the more volatile fund at 133.8% annualized versus 13.6% for SCHD. Worst drawdown: MSDD -84.9% vs SCHD -33.4%.

Should I hold both MSDD and SCHD?

MSDD and SCHD have a monthly-return correlation of -0.19, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, MSDD or SCHD?

MSDD yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.

Get Full ETF Analytics

Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.

See inside every ETF you own
$29/moCancel anytime.
Try FundXLS →