PEX vs SCHD
ProShares Global Listed Private Equity 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 | PEX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.95% | 0.06% | |
| AUM | $11M | $103.7B | |
| Dividend Yield | 8.93% | 3.31% | |
| Holdings | 31 | 104 | |
| YTD Return | -2.56% | +24.26% | |
| 1Y Return | -10.11% | +31.38% | |
| 3Y Return (annualized) | +4.62% | +15.08% | |
| 5Y Return (annualized) | -0.42% | +9.72% | |
| Volatility (annualized) | 115.1% | 13.6% | |
| Max Drawdown | -77.9% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2013 | Oct 20, 2011 |
PEX vs SCHD Performance
ProShares Global Listed Private Equity ETF (PEX) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PEX returned -10.11% while SCHD returned +31.38%. Year to date, PEX is down 2.56% versus a gain of 24.26% for SCHD.
Over three years, PEX compounded at +4.62% per year against +15.08% for SCHD; over five years the annualized figures are -0.42% and +9.72% respectively. Across the full 13-year window we track, SCHD has the edge at +11.39% annualized vs +5.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEX 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 -77.9% for PEX 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PEX charges 2.95% per year while SCHD charges 0.06%. On a $10,000 position that is $295 vs $6 annually, a gap of $289 per year that compounds over a long holding period. On income, PEX currently yields 8.93% against 3.31% for SCHD.
Holdings Overlap
PEX and SCHD share 0 holdings out of 130 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, PEX or SCHD?
PEX has an expense ratio of 2.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $289 per year of difference.
Which performed better, PEX or SCHD?
Over the past year PEX returned -10.11% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), PEX annualized +5.34% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PEX or SCHD?
PEX has been the more volatile fund at 115.1% annualized versus 13.6% for SCHD. Worst drawdown: PEX -77.9% vs SCHD -33.4%.
Should I hold both PEX and SCHD?
PEX and SCHD have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PEX and SCHD?
PEX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, PEX or SCHD?
PEX yields 8.93% while SCHD yields 3.31%, so PEX currently pays the higher dividend yield.
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