RLY vs SCHD
State Street Multi-Asset Real Return 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 | RLY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $1.3B | $103.7B | |
| Dividend Yield | 3.20% | 3.31% | |
| Holdings | 13 | 104 | |
| YTD Return | +16.99% | +25.62% | |
| 1Y Return | +28.75% | +32.62% | |
| 3Y Return (annualized) | +14.06% | +15.58% | |
| 5Y Return (annualized) | +10.85% | +9.63% | |
| Volatility (annualized) | 12.5% | 13.6% | |
| Max Drawdown | -46.2% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 25, 2012 | Oct 20, 2011 |
RLY vs SCHD Performance
State Street Multi-Asset Real Return ETF (RLY) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RLY returned +28.75% while SCHD returned +32.62%. Year to date, RLY is up 16.99% versus a gain of 25.62% for SCHD.
Over three years, RLY compounded at +14.06% per year against +15.58% for SCHD; over five years the annualized figures are +10.85% and +9.63% respectively. Across the full 14-year window we track, SCHD has the edge at +11.47% annualized vs +3.43%. 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 12.5% for RLY. 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 -46.2% for RLY 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RLY charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, RLY currently yields 3.20% against 3.31% for SCHD.
Holdings Overlap
RLY and SCHD share 0 holdings out of 104 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, RLY or SCHD?
RLY has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, RLY or SCHD?
Over the past year RLY returned +28.75% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), RLY annualized +3.43% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, RLY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.5% for RLY. Worst drawdown: RLY -46.2% vs SCHD -33.4%.
Should I hold both RLY and SCHD?
RLY and SCHD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RLY and SCHD?
RLY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, RLY or SCHD?
RLY yields 3.20% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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