SCHD vs SCO
Schwab US Dividend Equity ETF vs ProShares UltraShort Bloomberg Crude Oil
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 | SCHD | SCO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $772M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 5 | |
| YTD Return | +24.26% | -62.60% | |
| 1Y Return | +31.38% | -58.30% | |
| 3Y Return (annualized) | +15.08% | -27.27% | |
| 5Y Return (annualized) | +9.72% | -40.51% | |
| Volatility (annualized) | 13.6% | 114.5% | |
| Max Drawdown | -33.4% | -99.7% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Nov 24, 2008 |
SCHD vs SCO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares UltraShort Bloomberg Crude Oil (SCO) is a ETF from ProShares. Over the past year SCHD returned +31.38% while SCO returned -58.30%. Year to date, SCHD is up 24.26% versus a loss of 62.60% for SCO.
Over three years, SCHD compounded at +15.08% per year against -27.27% for SCO; over five years the annualized figures are +9.72% and -40.51% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -18.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCO has been the more volatile fund, with annualized monthly volatility of 114.5% 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 -33.4% for SCHD and -99.7% for SCO. 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 -0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCO charges 0.95%. On a $10,000 position that is $6 vs $95 annually, a gap of $89 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.00% for SCO.
Holdings Overlap
SCHD and SCO 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, SCHD or SCO?
SCHD has an expense ratio of 0.06% while SCO charges 0.95%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, SCHD or SCO?
Over the past year SCHD returned +31.38% vs -58.30% for SCO, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs -18.63% for SCO. Past performance does not guarantee future results.
Which is riskier, SCHD or SCO?
SCO has been the more volatile fund at 114.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCO -99.7%.
Should I hold both SCHD and SCO?
SCHD and SCO have a monthly-return correlation of -0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SCO?
SCHD and SCO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or SCO?
SCHD yields 3.31% while SCO yields 0.00%, so SCHD currently pays the higher dividend yield.
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