RWM vs SCHD
ProShares Short Russell2000 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 104 holdings.
Side-by-Side Comparison
| Metric | RWM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $108M | $108.7B | |
| Dividend Yield | 3.74% | 3.13% | |
| Holdings | 10 | 104 | |
| YTD Return | -16.26% | +28.70% | |
| 1Y Return | -23.39% | +32.27% | |
| 3Y Return (annualized) | -13.69% | +17.27% | |
| 5Y Return (annualized) | -6.65% | +10.23% | |
| Volatility (annualized) | 20.9% | 13.7% | |
| Max Drawdown | -96.9% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 23, 2007 | Oct 20, 2011 |
RWM vs SCHD Performance
ProShares Short Russell2000 (RWM) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RWM returned -23.39% while SCHD returned +32.27%. Year to date, RWM is down 16.26% versus a gain of 28.70% for SCHD.
Over three years, RWM compounded at -13.69% per year against +17.27% for SCHD; over five years the annualized figures are -6.65% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs -13.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWM has been the more volatile fund, with annualized monthly volatility of 20.9% 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 -96.9% for RWM 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 -0.78. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RWM 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, RWM currently yields 3.74% against 3.13% for SCHD.
Holdings Overlap
RWM and SCHD share 0 holdings out of 101 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, RWM or SCHD?
RWM 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, RWM or SCHD?
Over the past year RWM returned -23.39% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RWM annualized -13.80% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, RWM or SCHD?
RWM has been the more volatile fund at 20.9% annualized versus 13.7% for SCHD. Worst drawdown: RWM -96.9% vs SCHD -33.4%.
Should I hold both RWM and SCHD?
RWM and SCHD have a monthly-return correlation of -0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RWM and SCHD?
RWM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, RWM or SCHD?
RWM yields 3.74% while SCHD yields 3.13%, so RWM currently pays the higher dividend yield.
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