RPAR vs SCHD
RPAR Risk Parity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RPAR offers more diversification with 129 holdings.
Side-by-Side Comparison
| Metric | RPAR | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.06% | |
| AUM | $574M | $103.7B | |
| Dividend Yield | 2.58% | 3.31% | |
| Holdings | 138 | 104 | |
| YTD Return | +4.01% | +25.62% | |
| 1Y Return | +13.06% | +32.62% | |
| 3Y Return (annualized) | +9.14% | +15.58% | |
| 5Y Return (annualized) | +0.76% | +9.63% | |
| Volatility (annualized) | 13.4% | 13.6% | |
| Max Drawdown | -30.2% | -33.4% | |
| Fund Family | Rpar ETF | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 12, 2019 | Oct 20, 2011 |
RPAR vs SCHD Performance
RPAR Risk Parity ETF (RPAR) is a ETF from Rpar ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RPAR returned +13.06% while SCHD returned +32.62%. Year to date, RPAR is up 4.01% versus a gain of 25.62% for SCHD.
Over three years, RPAR compounded at +9.14% per year against +15.58% for SCHD; over five years the annualized figures are +0.76% and +9.63% respectively. Across the full 7-year window we track, SCHD has the edge at +11.47% annualized vs +3.87%. 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 13.4% for RPAR. 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 -30.2% for RPAR 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RPAR charges 0.52% per year while SCHD charges 0.06%. On a $10,000 position that is $52 vs $6 annually, a gap of $46 per year that compounds over a long holding period. On income, RPAR currently yields 2.58% against 3.31% for SCHD.
Holdings Overlap
RPAR and SCHD share 4 holdings out of 225 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RPAR or SCHD?
RPAR has an expense ratio of 0.52% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, RPAR or SCHD?
Over the past year RPAR returned +13.06% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), RPAR annualized +3.87% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, RPAR or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.4% for RPAR. Worst drawdown: RPAR -30.2% vs SCHD -33.4%.
Should I hold both RPAR and SCHD?
RPAR and SCHD have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RPAR and SCHD?
RPAR and SCHD share 4 common holdings with a 1.4% weight overlap. Combined, they hold 225 unique securities.
Which pays a higher dividend, RPAR or SCHD?
RPAR yields 2.58% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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