MYY vs SCHD
ProShares Short MidCap400 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 | MYY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $3M | $103.7B | |
| Dividend Yield | 4.40% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | -13.26% | +26.21% | |
| 1Y Return | -15.10% | +29.99% | |
| 3Y Return (annualized) | -9.89% | +15.73% | |
| 5Y Return (annualized) | -6.67% | +9.67% | |
| Volatility (annualized) | 18.0% | 13.6% | |
| Max Drawdown | -96.0% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2006 | Oct 20, 2011 |
MYY vs SCHD Performance
ProShares Short MidCap400 (MYY) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MYY returned -15.10% while SCHD returned +29.99%. Year to date, MYY is down 13.26% versus a gain of 26.21% for SCHD.
Over three years, MYY compounded at -9.89% per year against +15.73% for SCHD; over five years the annualized figures are -6.67% and +9.67% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs -12.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MYY has been the more volatile fund, with annualized monthly volatility of 18.0% 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 -96.0% for MYY 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 -0.85. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYY charges 0.95% per year while SCHD charges 0.06%. On a $10,000 position that is $95 vs $6 annually, a gap of $89 per year that compounds over a long holding period. On income, MYY currently yields 4.40% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, MYY or SCHD?
MYY has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, MYY or SCHD?
Over the past year MYY returned -15.10% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MYY annualized -12.90% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, MYY or SCHD?
MYY has been the more volatile fund at 18.0% annualized versus 13.6% for SCHD. Worst drawdown: MYY -96.0% vs SCHD -33.4%.
Should I hold both MYY and SCHD?
MYY and SCHD have a monthly-return correlation of -0.85, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, MYY or SCHD?
MYY yields 4.40% while SCHD yields 3.31%, so MYY currently pays the higher dividend yield.
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