RB vs SCHD
ProShares Russell 2000 Dynamic Buffer ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RB offers more diversification with 1950 holdings.
Side-by-Side Comparison
| Metric | RB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.06% | |
| AUM | $1M | $103.7B | |
| Dividend Yield | 2.28% | 3.31% | |
| Holdings | 1,963 | 104 | |
| YTD Return | +7.72% | +25.33% | |
| 1Y Return | +16.50% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 3.1% | 13.6% | |
| Max Drawdown | -2.1% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 24, 2025 | Oct 20, 2011 |
RB vs SCHD Performance
ProShares Russell 2000 Dynamic Buffer ETF (RB) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RB returned +16.50% while SCHD returned +32.31%. Year to date, RB is up 7.72% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.1% for RB. 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 -2.1% for RB 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RB charges 0.58% per year while SCHD charges 0.06%. On a $10,000 position that is $58 vs $6 annually, a gap of $52 per year that compounds over a long holding period. On income, RB currently yields 2.28% against 3.31% for SCHD.
Holdings Overlap
RB and SCHD share 33 holdings out of 2017 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RB or SCHD?
RB has an expense ratio of 0.58% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, RB or SCHD?
Over the past year RB returned +16.50% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), RB annualized +15.59% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, RB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.1% for RB. Worst drawdown: RB -2.1% vs SCHD -33.4%.
Should I hold both RB and SCHD?
RB and SCHD have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RB and SCHD?
RB and SCHD share 33 common holdings with a 1.5% weight overlap. Combined, they hold 2017 unique securities.
Which pays a higher dividend, RB or SCHD?
RB yields 2.28% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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