SBB vs SCHD
SBB vs SCHD
ProShares Short SmallCap600 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 | SBB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $3M | $103.7B | |
| Dividend Yield | 3.80% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | -17.21% | +24.26% | |
| 1Y Return | -23.97% | +31.38% | |
| 3Y Return (annualized) | -10.48% | +15.08% | |
| 5Y Return (annualized) | -6.57% | +9.72% | |
| Volatility (annualized) | 21.4% | 13.6% | |
| Max Drawdown | -97.4% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 23, 2007 | Oct 20, 2011 |
SBB vs SCHD Performance
ProShares Short SmallCap600 (SBB) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year SBB returned -23.97% while SCHD returned +31.38%. Year to date, SBB is down 17.21% versus a gain of 24.26% for SCHD.
Over three years, SBB compounded at -10.48% per year against +15.08% for SCHD; over five years the annualized figures are -6.57% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -14.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SBB has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -97.4% for SBB 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 -0.81. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SBB 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, SBB currently yields 3.80% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, SBB or SCHD?
SBB 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, SBB or SCHD?
Over the past year SBB returned -23.97% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SBB annualized -14.70% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, SBB or SCHD?
SBB has been the more volatile fund at 21.4% annualized versus 13.6% for SCHD. Worst drawdown: SBB -97.4% vs SCHD -33.4%.
Should I hold both SBB and SCHD?
SBB and SCHD have a monthly-return correlation of -0.81, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SBB or SCHD?
SBB yields 3.80% while SCHD yields 3.31%, so SBB currently pays the higher dividend yield.
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