RXL vs SCHD
ProShares Ultra Health Care vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. RXL delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | RXL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $85M | $103.7B | |
| Dividend Yield | 1.34% | 3.31% | |
| Holdings | 67 | 104 | |
| YTD Return | +9.81% | +24.26% | |
| 1Y Return | +57.42% | +31.38% | |
| 3Y Return (annualized) | +8.88% | +15.08% | |
| 5Y Return (annualized) | +2.67% | +9.72% | |
| Volatility (annualized) | 29.4% | 13.6% | |
| Max Drawdown | -69.0% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 30, 2007 | Oct 20, 2011 |
RXL vs SCHD Performance
ProShares Ultra Health Care (RXL) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RXL returned +57.42% while SCHD returned +31.38%. Year to date, RXL is up 9.81% versus a gain of 24.26% for SCHD.
Over three years, RXL compounded at +8.88% per year against +15.08% for SCHD; over five years the annualized figures are +2.67% and +9.72% respectively. Across the full 15-year window we track, RXL has the edge at +14.19% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RXL has been the more volatile fund, with annualized monthly volatility of 29.4% compared with 13.6% 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 -69.0% for RXL 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RXL 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, RXL currently yields 1.34% against 3.31% for SCHD.
Holdings Overlap
RXL and SCHD share 5 holdings out of 155 unique holdings combined, representing a 14.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RXL or SCHD?
RXL 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, RXL or SCHD?
Over the past year RXL returned +57.42% vs +31.38% for SCHD, so RXL leads on 1-year performance. Over the longest common window we track (15 years), RXL annualized +14.19% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RXL or SCHD?
RXL has been the more volatile fund at 29.4% annualized versus 13.6% for SCHD. Worst drawdown: RXL -69.0% vs SCHD -33.4%.
Should I hold both RXL and SCHD?
RXL and SCHD have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RXL and SCHD?
RXL and SCHD share 5 common holdings with a 14.3% weight overlap. Combined, they hold 155 unique securities.
Which pays a higher dividend, RXL or SCHD?
RXL yields 1.34% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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