PVEX vs SCHD
TrueShares ConVex Protect ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PVEX offers more diversification with 106 holdings.
Side-by-Side Comparison
| Metric | PVEX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $59M | $108.7B | |
| Dividend Yield | 0.07% | 3.13% | |
| Holdings | 106 | 104 | |
| YTD Return | +9.69% | +28.48% | |
| 1Y Return | +17.32% | +30.95% | |
| 3Y Return (annualized) | - | +16.80% | |
| 5Y Return (annualized) | - | +10.27% | |
| Volatility (annualized) | 11.6% | 13.7% | |
| Max Drawdown | -7.8% | -33.4% | |
| Fund Family | TrueShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 27, 2025 | Oct 20, 2011 |
PVEX vs SCHD Performance
TrueShares ConVex Protect ETF (PVEX) is a ETF from TrueShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PVEX returned +17.32% while SCHD returned +30.95%. Year to date, PVEX is up 9.69% versus a gain of 28.48% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.6% for PVEX. 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 -7.8% for PVEX 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 0.00. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PVEX charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, PVEX currently yields 0.07% against 3.13% for SCHD.
Holdings Overlap
PVEX and SCHD share 1 holdings out of 118 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PVEX | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.06% | 0.05% | 0.01% |
Frequently Asked Questions
Which is cheaper, PVEX or SCHD?
PVEX has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, PVEX or SCHD?
Over the past year PVEX returned +17.32% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), PVEX annualized +20.81% vs +11.60% for SCHD. Past performance does not guarantee future results.
Which is riskier, PVEX or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 11.6% for PVEX. Worst drawdown: PVEX -7.8% vs SCHD -33.4%.
Should I hold both PVEX and SCHD?
PVEX and SCHD have a monthly-return correlation of 0.00, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PVEX and SCHD?
PVEX and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 118 unique securities.
Which pays a higher dividend, PVEX or SCHD?
PVEX yields 0.07% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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