QYLD vs SCHD
Global X NASDAQ 100 Covered Call 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 | QYLD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $8.1B | $103.7B | |
| Dividend Yield | 11.38% | 3.31% | |
| Holdings | 104 | 104 | |
| YTD Return | +10.31% | +25.58% | |
| 1Y Return | +21.20% | +31.06% | |
| 3Y Return (annualized) | +13.63% | +15.55% | |
| 5Y Return (annualized) | +8.17% | +9.61% | |
| Volatility (annualized) | 11.0% | 13.6% | |
| Max Drawdown | -30.7% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 11, 2013 | Oct 20, 2011 |
QYLD vs SCHD Performance
Global X NASDAQ 100 Covered Call ETF (QYLD) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year QYLD returned +21.20% while SCHD returned +31.06%. Year to date, QYLD is up 10.31% versus a gain of 25.58% for SCHD.
Over three years, QYLD compounded at +13.63% per year against +15.55% for SCHD; over five years the annualized figures are +8.17% and +9.61% respectively. Across the full 13-year window we track, SCHD has the edge at +11.46% annualized vs +2.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.0% for QYLD. 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 -30.7% for QYLD 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QYLD charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, QYLD currently yields 11.38% against 3.31% for SCHD.
Holdings Overlap
QYLD and SCHD share 7 holdings out of 176 unique holdings combined, representing a 13.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QYLD or SCHD?
QYLD has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, QYLD or SCHD?
Over the past year QYLD returned +21.20% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), QYLD annualized +2.83% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, QYLD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.0% for QYLD. Worst drawdown: QYLD -30.7% vs SCHD -33.4%.
Should I hold both QYLD and SCHD?
QYLD and SCHD have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QYLD and SCHD?
QYLD and SCHD share 7 common holdings with a 13.9% weight overlap. Combined, they hold 176 unique securities.
Which pays a higher dividend, QYLD or SCHD?
QYLD yields 11.38% while SCHD yields 3.31%, so QYLD currently pays the higher dividend yield.
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