QQXL vs SCHD
ProShares Ultra QQQ Top 30 vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. QQXL delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | QQXL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $6M | $108.7B | |
| Dividend Yield | 0.86% | 3.13% | |
| Holdings | 36 | 104 | |
| YTD Return | +24.88% | +28.70% | |
| 1Y Return | +42.92% | +32.27% | |
| 3Y Return (annualized) | - | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 50.4% | 13.7% | |
| Max Drawdown | -27.3% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Aug 13, 2025 | Oct 20, 2011 |
QQXL vs SCHD Performance
ProShares Ultra QQQ Top 30 (QQXL) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year QQXL returned +42.92% while SCHD returned +32.27%. Year to date, QQXL is up 24.88% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
QQXL has been the more volatile fund, with annualized monthly volatility of 50.4% compared with 13.7% 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 -27.3% for QQXL 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
QQXL 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, QQXL currently yields 0.86% against 3.13% for SCHD.
Holdings Overlap
QQXL and SCHD share 3 holdings out of 128 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQXL or SCHD?
QQXL 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, QQXL or SCHD?
Over the past year QQXL returned +42.92% vs +32.27% for SCHD, so QQXL leads on 1-year performance. Over the longest common window we track (1 years), QQXL annualized +34.30% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, QQXL or SCHD?
QQXL has been the more volatile fund at 50.4% annualized versus 13.7% for SCHD. Worst drawdown: QQXL -27.3% vs SCHD -33.4%.
Should I hold both QQXL and SCHD?
QQXL 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 QQXL and SCHD?
QQXL and SCHD share 3 common holdings with a 0.4% weight overlap. Combined, they hold 128 unique securities.
Which pays a higher dividend, QQXL or SCHD?
QQXL yields 0.86% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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