QIS vs SCHD
Simplify Multi-QIS Alternative ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. QIS offers more diversification with 245 holdings.
Side-by-Side Comparison
| Metric | QIS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.21% | 0.06% | |
| AUM | $37M | $103.7B | |
| Dividend Yield | 2.02% | 3.31% | |
| Holdings | 245 | 104 | |
| YTD Return | -30.05% | +26.21% | |
| 1Y Return | -49.66% | +29.99% | |
| 3Y Return (annualized) | -24.22% | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 19.9% | 13.6% | |
| Max Drawdown | -63.5% | -33.4% | |
| Fund Family | Simplify Exchange Traded Funds | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2023 | Oct 20, 2011 |
QIS vs SCHD Performance
Simplify Multi-QIS Alternative ETF (QIS) is a ETF from Simplify Exchange Traded Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year QIS returned -49.66% while SCHD returned +29.99%. Year to date, QIS is down 30.05% versus a gain of 26.21% for SCHD.
Over three years, QIS compounded at -24.22% per year against +15.73% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.50% annualized vs -23.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QIS has been the more volatile fund, with annualized monthly volatility of 19.9% 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 -63.5% for QIS 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QIS charges 1.21% per year while SCHD charges 0.06%. On a $10,000 position that is $121 vs $6 annually, a gap of $115 per year that compounds over a long holding period. On income, QIS currently yields 2.02% against 3.31% for SCHD.
Holdings Overlap
QIS 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, QIS or SCHD?
QIS has an expense ratio of 1.21% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, QIS or SCHD?
Over the past year QIS returned -49.66% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), QIS annualized -23.43% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, QIS or SCHD?
QIS has been the more volatile fund at 19.9% annualized versus 13.6% for SCHD. Worst drawdown: QIS -63.5% vs SCHD -33.4%.
Should I hold both QIS and SCHD?
QIS and SCHD have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QIS and SCHD?
QIS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, QIS or SCHD?
QIS yields 2.02% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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