SCAP vs SCHD
Infrastructure Capital Small Cap Income 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 | SCAP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.20% | 0.06% | |
| AUM | $20M | $103.7B | |
| Dividend Yield | 7.58% | 3.31% | |
| Holdings | 85 | 104 | |
| YTD Return | +11.96% | +25.62% | |
| 1Y Return | +25.50% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 15.4% | 13.6% | |
| Max Drawdown | -24.1% | -33.4% | |
| Fund Family | Infrastructure Capital Advisors, LLC | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 11, 2023 | Oct 20, 2011 |
SCAP vs SCHD Performance
Infrastructure Capital Small Cap Income ETF (SCAP) is a ETF from Infrastructure Capital Advisors, LLC and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year SCAP returned +25.50% while SCHD returned +32.62%. Year to date, SCAP is up 11.96% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCAP has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -24.1% for SCAP 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
SCAP charges 2.20% per year while SCHD charges 0.06%. On a $10,000 position that is $220 vs $6 annually, a gap of $214 per year that compounds over a long holding period. On income, SCAP currently yields 7.58% against 3.31% for SCHD.
Holdings Overlap
SCAP and SCHD share 4 holdings out of 162 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCAP or SCHD?
SCAP has an expense ratio of 2.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $214 per year of difference.
Which performed better, SCAP or SCHD?
Over the past year SCAP returned +25.50% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), SCAP annualized +18.47% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, SCAP or SCHD?
SCAP has been the more volatile fund at 15.4% annualized versus 13.6% for SCHD. Worst drawdown: SCAP -24.1% vs SCHD -33.4%.
Should I hold both SCAP and SCHD?
SCAP 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 SCAP and SCHD?
SCAP and SCHD share 4 common holdings with a 2.3% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, SCAP or SCHD?
SCAP yields 7.58% while SCHD yields 3.31%, so SCAP currently pays the higher dividend yield.
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