NOVZ vs SCHD
TrueShares Structured Outcome November 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 104 holdings.
Side-by-Side Comparison
| Metric | NOVZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $38M | $108.7B | |
| Dividend Yield | 3.35% | 3.13% | |
| Holdings | 17 | 104 | |
| YTD Return | +8.98% | +28.70% | |
| 1Y Return | +11.65% | +32.27% | |
| 3Y Return (annualized) | +14.72% | +17.27% | |
| 5Y Return (annualized) | +9.68% | +10.23% | |
| Volatility (annualized) | 11.7% | 13.7% | |
| Max Drawdown | -16.6% | -33.4% | |
| Fund Family | TrueShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2020 | Oct 20, 2011 |
NOVZ vs SCHD Performance
TrueShares Structured Outcome November ETF (NOVZ) is a ETF from TrueShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NOVZ returned +11.65% while SCHD returned +32.27%. Year to date, NOVZ is up 8.98% versus a gain of 28.70% for SCHD.
Over three years, NOVZ compounded at +14.72% per year against +17.27% for SCHD; over five years the annualized figures are +9.68% and +10.23% respectively. Across the full 6-year window we track, NOVZ has the edge at +12.94% annualized vs +11.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.7% for NOVZ. 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 -16.6% for NOVZ 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NOVZ charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, NOVZ currently yields 3.35% against 3.13% for SCHD.
Holdings Overlap
NOVZ and SCHD share 1 holdings out of 100 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NOVZ | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.09% | 0.05% | 0.04% |
Frequently Asked Questions
Which is cheaper, NOVZ or SCHD?
NOVZ has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, NOVZ or SCHD?
Over the past year NOVZ returned +11.65% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), NOVZ annualized +12.94% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, NOVZ or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 11.7% for NOVZ. Worst drawdown: NOVZ -16.6% vs SCHD -33.4%.
Should I hold both NOVZ and SCHD?
NOVZ and SCHD have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NOVZ and SCHD?
NOVZ and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 100 unique securities.
Which pays a higher dividend, NOVZ or SCHD?
NOVZ yields 3.35% while SCHD yields 3.13%, so NOVZ currently pays the higher dividend yield.
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