MSTP vs SCHD

Quick Verdict

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

Lower Fees: SCHDHigher Returns: SCHDMore Diversified: SCHD

Side-by-Side Comparison

MetricMSTPSCHDWinner
Expense Ratio1.50%0.06%
AUM$7M$103.7B
Dividend Yield0.00%3.31%
Holdings2104
YTD Return-78.50%+25.58%
1Y Return-97.29%+31.06%
3Y Return (annualized)-+15.55%
5Y Return (annualized)-+9.61%
Volatility (annualized)115.1%13.6%
Max Drawdown-98.4%-33.4%
Fund FamilyGraniteSharesCharles Schwab Asset Management
CategoryAlternativeEquity
InceptionJun 9, 2025Oct 20, 2011

MSTP vs SCHD Performance

GraniteShares 2x Long MSTR Daily ETF (MSTP) is a ETF from GraniteShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MSTP returned -97.29% while SCHD returned +31.06%. Year to date, MSTP is down 78.50% versus a gain of 25.58% for SCHD.

Risk: Volatility and Drawdowns

MSTP has been the more volatile fund, with annualized monthly volatility of 115.1% 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 -98.4% for MSTP 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

MSTP 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, MSTP currently yields 0.00% against 3.31% for SCHD.

Holdings Overlap

0.0%overlap

MSTP 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, MSTP or SCHD?

MSTP 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, MSTP or SCHD?

Over the past year MSTP returned -97.29% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), MSTP annualized -95.65% vs +11.46% for SCHD. Past performance does not guarantee future results.

Which is riskier, MSTP or SCHD?

MSTP has been the more volatile fund at 115.1% annualized versus 13.6% for SCHD. Worst drawdown: MSTP -98.4% vs SCHD -33.4%.

Should I hold both MSTP and SCHD?

MSTP and SCHD have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between MSTP and SCHD?

MSTP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.

Which pays a higher dividend, MSTP or SCHD?

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

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