PUSH vs SCHD
PUSH vs SCHD
PGIM Ultra Short Municipal Bond 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 | PUSH | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $107M | $103.7B | |
| Dividend Yield | 3.77% | 3.31% | |
| Holdings | 182 | 104 | |
| YTD Return | +1.76% | +24.26% | |
| 1Y Return | +3.18% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 0.8% | 13.6% | |
| Max Drawdown | -0.8% | -33.4% | |
| Fund Family | PGIM Investments | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Jun 24, 2024 | Oct 20, 2011 |
PUSH vs SCHD Performance
PGIM Ultra Short Municipal Bond ETF (PUSH) is a ETF from PGIM Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PUSH returned +3.18% while SCHD returned +31.38%. Year to date, PUSH is up 1.76% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.8% for PUSH. 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 -0.8% for PUSH 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PUSH charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, PUSH currently yields 3.77% against 3.31% for SCHD.
Holdings Overlap
PUSH and SCHD share 0 holdings out of 147 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, PUSH or SCHD?
PUSH has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, PUSH or SCHD?
Over the past year PUSH returned +3.18% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PUSH annualized +3.66% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PUSH or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.8% for PUSH. Worst drawdown: PUSH -0.8% vs SCHD -33.4%.
Should I hold both PUSH and SCHD?
PUSH and SCHD have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PUSH and SCHD?
PUSH and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 147 unique securities.
Which pays a higher dividend, PUSH or SCHD?
PUSH yields 3.77% while SCHD yields 3.31%, so PUSH currently pays the higher dividend yield.
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