PST vs SCHD
ProShares UltraShort 7-10 Year Treasury 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 | PST | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $10M | $108.7B | |
| Dividend Yield | 2.79% | 3.13% | |
| Holdings | 7 | 104 | |
| YTD Return | +8.15% | +27.93% | |
| 1Y Return | +8.57% | +30.06% | |
| 3Y Return (annualized) | +3.83% | +16.25% | |
| 5Y Return (annualized) | +10.89% | +10.03% | |
| Volatility (annualized) | 13.3% | 13.6% | |
| Max Drawdown | -79.8% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Apr 29, 2008 | Oct 20, 2011 |
PST vs SCHD Performance
ProShares UltraShort 7-10 Year Treasury (PST) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PST returned +8.57% while SCHD returned +30.06%. Year to date, PST is up 8.15% versus a gain of 27.93% for SCHD.
Over three years, PST compounded at +3.83% per year against +16.25% for SCHD; over five years the annualized figures are +10.89% and +10.03% respectively. Across the full 15-year window we track, SCHD has the edge at +11.56% annualized vs -5.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.3% for PST. 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 -79.8% for PST 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 -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PST charges 0.95% per year while SCHD charges 0.06%. On a $10,000 position that is $95 vs $6 annually, a gap of $89 per year that compounds over a long holding period. On income, PST currently yields 2.79% against 3.13% for SCHD.
Holdings Overlap
PST and SCHD share 0 holdings out of 101 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, PST or SCHD?
PST has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, PST or SCHD?
Over the past year PST returned +8.57% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PST annualized -5.18% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, PST or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.3% for PST. Worst drawdown: PST -79.8% vs SCHD -33.4%.
Should I hold both PST and SCHD?
PST and SCHD have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PST and SCHD?
PST and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, PST or SCHD?
PST yields 2.79% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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