SCHD vs SDTY
SCHD vs SDTY
Schwab US Dividend Equity ETF vs YieldMax S&P 500 0DTE Covered Call Strategy 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 | SCHD | SDTY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.08% | |
| AUM | $103.7B | $46M | |
| Dividend Yield | 3.31% | 26.27% | |
| Holdings | 104 | 6 | |
| YTD Return | +24.26% | +10.85% | |
| 1Y Return | +31.38% | +20.57% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 13.9% | |
| Max Drawdown | -33.4% | -16.3% | |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Feb 5, 2025 |
SCHD vs SDTY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) is a ETF from YieldMax ETF. Over the past year SCHD returned +31.38% while SDTY returned +20.57%. Year to date, SCHD is up 24.26% versus a gain of 10.85% for SDTY.
Risk: Volatility and Drawdowns
SDTY has been the more volatile fund, with annualized monthly volatility of 13.9% 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 -16.3% for SDTY. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SDTY charges 1.08%. On a $10,000 position that is $6 vs $108 annually, a gap of $102 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 26.27% for SDTY.
Holdings Overlap
SCHD and SDTY share 0 holdings out of 102 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 SDTY?
SCHD has an expense ratio of 0.06% while SDTY charges 1.08%. SCHD is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, SCHD or SDTY?
Over the past year SCHD returned +31.38% vs +20.57% for SDTY, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.39% vs +21.47% for SDTY. Past performance does not guarantee future results.
Which is riskier, SCHD or SDTY?
SDTY has been the more volatile fund at 13.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SDTY -16.3%.
Should I hold both SCHD and SDTY?
SCHD and SDTY have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SDTY?
SCHD and SDTY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, SCHD or SDTY?
SCHD yields 3.31% while SDTY yields 26.27%, so SDTY currently pays the higher dividend yield.
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