PSH vs SCHD
PGIM Short Duration High Yield ETF vs Schwab US Dividend Equity ETF
Which is better, PSH or SCHD?
Short Term High Yield Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PSH | SCHD |
|---|---|---|
| Expense Ratio | 0.45% | 0.06%Best |
| AUM | $186M | $112.1B |
| Dividend Yield | 6.99% | 3.00% |
| Holdings | 474 | 103 |
| YTD Return | -1.74% | +24.23%Best |
| 1Y Return | -1.20% | +27.90%Best |
| 3Y Return (annualized) | - | +15.55% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 8.6%Best | 12.8% |
| Max Drawdown | -14.0%Best | -16.1% |
| $10,000 over 2.7 years | $9,852 | $14,567Best |
| Fund Family | PGIM Investments | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Short Term High Yield Bond | Large Cap Value |
| Inception | Dec 14, 2023 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 19, 2023 to Sep 17, 2026 (2.7 years).
PSH vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
PSH vs SCHD Performance
PGIM Short Duration High Yield ETF (PSH) is an ETF from PGIM Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PSH returned -1.20% while SCHD returned +27.90%. Year to date, PSH is down 1.74% versus a gain of 24.23% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 8.6% for PSH. 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 -14.0% for PSH and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
Fees and Cost Over Time
PSH charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, PSH currently yields 6.99% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 347 holdings in PSH and 100 in SCHD, totalling 76.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 347 positions we hold weights for in PSH and 100 in SCHD, against full books of 474 and 103.
You are not choosing between two funds in isolation.
Whichever of PSH and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSH or SCHD?
PSH has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, PSH or SCHD?
Over the past year PSH returned -1.20% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSH or SCHD?
SCHD has been the more volatile fund at 12.8% annualized versus 8.6% for PSH. Worst drawdown: PSH -14.0% vs SCHD -16.1%.
Should I hold both PSH and SCHD?
PSH and SCHD have a monthly-return correlation of 0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PSH or SCHD?
PSH yields 6.99% while SCHD yields 3.00%, so PSH currently pays the higher dividend yield.
Is SCHD better than PSH?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.