SCHD vs SDD
SCHD vs SDD
Schwab US Dividend Equity ETF vs ProShares UltraShort SmallCap600
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 | SDD | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $1M | |
| Dividend Yield | 3.31% | 6.58% | |
| Holdings | 104 | 4 | |
| YTD Return | +24.26% | -33.91% | |
| 1Y Return | +31.38% | -45.94% | |
| 3Y Return (annualized) | +15.08% | -24.92% | |
| 5Y Return (annualized) | +9.72% | -18.29% | |
| Volatility (annualized) | 13.6% | 38.8% | |
| Max Drawdown | -33.4% | -100.0% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jan 23, 2007 |
SCHD vs SDD Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares UltraShort SmallCap600 (SDD) is a ETF from ProShares. Over the past year SCHD returned +31.38% while SDD returned -45.94%. Year to date, SCHD is up 24.26% versus a loss of 33.91% for SDD.
Over three years, SCHD compounded at +15.08% per year against -24.92% for SDD; over five years the annualized figures are +9.72% and -18.29% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -29.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SDD has been the more volatile fund, with annualized monthly volatility of 38.8% 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 -100.0% for SDD. 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 -0.80. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SDD 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 6.58% for SDD.
Frequently Asked Questions
Which is cheaper, SCHD or SDD?
SCHD has an expense ratio of 0.06% while SDD 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 SDD?
Over the past year SCHD returned +31.38% vs -45.94% for SDD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs -29.78% for SDD. Past performance does not guarantee future results.
Which is riskier, SCHD or SDD?
SDD has been the more volatile fund at 38.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SDD -100.0%.
Should I hold both SCHD and SDD?
SCHD and SDD have a monthly-return correlation of -0.80, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or SDD?
SCHD yields 3.31% while SDD yields 6.58%, so SDD currently pays the higher dividend yield.
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