OARK vs SCHD
YieldMax Innovation Option Income Strategy 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 100 holdings.
Side-by-Side Comparison
| Metric | OARK | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.06% | |
| AUM | $31M | $103.7B | |
| Dividend Yield | 62.19% | 3.31% | |
| Holdings | 15 | 104 | |
| YTD Return | +4.19% | +25.33% | |
| 1Y Return | +9.57% | +32.31% | |
| 3Y Return (annualized) | +14.45% | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 29.4% | 13.6% | |
| Max Drawdown | -35.5% | -33.4% | |
| Fund Family | YieldMax ETF | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 22, 2022 | Oct 20, 2011 |
OARK vs SCHD Performance
YieldMax Innovation Option Income Strategy ETF (OARK) is a ETF from YieldMax ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OARK returned +9.57% while SCHD returned +32.31%. Year to date, OARK is up 4.19% versus a gain of 25.33% for SCHD.
Over three years, OARK compounded at +14.45% per year against +15.40% for SCHD. Across the full 4-year window we track, OARK has the edge at +11.62% annualized vs +11.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OARK has been the more volatile fund, with annualized monthly volatility of 29.4% 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 -35.5% for OARK 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OARK charges 1.00% per year while SCHD charges 0.06%. On a $10,000 position that is $100 vs $6 annually, a gap of $94 per year that compounds over a long holding period. On income, OARK currently yields 62.19% against 3.31% for SCHD.
Holdings Overlap
OARK and SCHD share 0 holdings out of 102 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, OARK or SCHD?
OARK has an expense ratio of 1.00% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, OARK or SCHD?
Over the past year OARK returned +9.57% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), OARK annualized +11.62% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, OARK or SCHD?
OARK has been the more volatile fund at 29.4% annualized versus 13.6% for SCHD. Worst drawdown: OARK -35.5% vs SCHD -33.4%.
Should I hold both OARK and SCHD?
OARK and SCHD have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OARK and SCHD?
OARK and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, OARK or SCHD?
OARK yields 62.19% while SCHD yields 3.31%, so OARK currently pays the higher dividend yield.
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