PYPY vs SCHD
YieldMax PYPL Option Income Strategy 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 104 holdings.
Side-by-Side Comparison
| Metric | PYPY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.46% | 0.06% | |
| AUM | $13M | $103.7B | |
| Dividend Yield | 67.41% | 3.31% | |
| Holdings | 9 | 104 | |
| YTD Return | -2.32% | +26.21% | |
| 1Y Return | -18.74% | +29.99% | |
| 3Y Return (annualized) | +1.34% | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 30.9% | 13.6% | |
| Max Drawdown | -53.6% | -33.4% | |
| Fund Family | YieldMax ETF | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 25, 2023 | Oct 20, 2011 |
PYPY vs SCHD Performance
YieldMax PYPL Option Income Strategy ETF (PYPY) is a ETF from YieldMax ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PYPY returned -18.74% while SCHD returned +29.99%. Year to date, PYPY is down 2.32% versus a gain of 26.21% for SCHD.
Over three years, PYPY compounded at +1.34% per year against +15.73% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.50% annualized vs +1.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PYPY has been the more volatile fund, with annualized monthly volatility of 30.9% 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 -53.6% for PYPY 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PYPY charges 1.46% per year while SCHD charges 0.06%. On a $10,000 position that is $146 vs $6 annually, a gap of $140 per year that compounds over a long holding period. On income, PYPY currently yields 67.41% against 3.31% for SCHD.
Holdings Overlap
PYPY and SCHD share 0 holdings out of 102 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, PYPY or SCHD?
PYPY has an expense ratio of 1.46% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $140 per year of difference.
Which performed better, PYPY or SCHD?
Over the past year PYPY returned -18.74% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), PYPY annualized +1.34% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, PYPY or SCHD?
PYPY has been the more volatile fund at 30.9% annualized versus 13.6% for SCHD. Worst drawdown: PYPY -53.6% vs SCHD -33.4%.
Should I hold both PYPY and SCHD?
PYPY and SCHD have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PYPY and SCHD?
PYPY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, PYPY or SCHD?
PYPY yields 67.41% while SCHD yields 3.31%, so PYPY currently pays the higher dividend yield.
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