NLSI vs SCHD
NEOS Long/Short Equity Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | NLSI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.89% | 0.06% | |
| AUM | $3M | $108.7B | |
| Dividend Yield | 3.71% | 3.13% | |
| Holdings | 67 | 104 | |
| YTD Return | +11.81% | +26.50% | |
| 1Y Return | - | +31.25% | |
| 3Y Return (annualized) | - | +16.34% | |
| 5Y Return (annualized) | - | +10.10% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -15.0% | -33.4% | |
| Fund Family | NEOS | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 10, 2025 | Oct 20, 2011 |
NLSI vs SCHD Performance
NEOS Long/Short Equity Income ETF (NLSI) is a ETF from NEOS and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, NLSI is up 11.81% versus a gain of 26.50% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -15.0% for NLSI and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NLSI charges 2.89% per year while SCHD charges 0.06%. On a $10,000 position that is $289 vs $6 annually, a gap of $283 per year that compounds over a long holding period. On income, NLSI currently yields 3.71% against 3.13% for SCHD.
Holdings Overlap
NLSI and SCHD share 5 holdings out of 155 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NLSI or SCHD?
NLSI has an expense ratio of 2.89% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $283 per year of difference.
What is the holdings overlap between NLSI and SCHD?
NLSI and SCHD share 5 common holdings with a 2.3% weight overlap. Combined, they hold 155 unique securities.
Which pays a higher dividend, NLSI or SCHD?
NLSI yields 3.71% while SCHD yields 3.13%, so NLSI currently pays the higher dividend yield.
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