SCHD vs SH
Schwab US Dividend Equity ETF vs ProShares Short S&P500
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | SH | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.89% | |
| AUM | $108.7B | $835M | |
| Dividend Yield | 3.13% | 4.19% | |
| Holdings | 104 | 16 | |
| YTD Return | +27.67% | -9.11% | |
| 1Y Return | +29.56% | -12.58% | |
| 3Y Return (annualized) | +16.53% | -13.34% | |
| 5Y Return (annualized) | +9.95% | -8.47% | |
| Volatility (annualized) | 13.6% | 14.9% | |
| Max Drawdown | -33.4% | -95.5% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jun 19, 2006 |
SCHD vs SH Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Short S&P500 (SH) is a ETF from ProShares. Over the past year SCHD returned +29.56% while SH returned -12.58%. Year to date, SCHD is up 27.67% versus a loss of 9.11% for SH.
Over three years, SCHD compounded at +16.53% per year against -13.34% for SH; over five years the annualized figures are +9.95% and -8.47% respectively. Across the full 15-year window we track, SCHD has the edge at +11.55% annualized vs -12.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SH has been the more volatile fund, with annualized monthly volatility of 14.9% 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 -95.5% for SH. 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 -0.83. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SH charges 0.89%. On a $10,000 position that is $6 vs $89 annually, a gap of $83 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 4.19% for SH.
Frequently Asked Questions
Which is cheaper, SCHD or SH?
SCHD has an expense ratio of 0.06% while SH charges 0.89%. SCHD is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, SCHD or SH?
Over the past year SCHD returned +29.56% vs -12.58% for SH, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.55% vs -12.48% for SH. Past performance does not guarantee future results.
Which is riskier, SCHD or SH?
SH has been the more volatile fund at 14.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SH -95.5%.
Should I hold both SCHD and SH?
SCHD and SH have a monthly-return correlation of -0.83, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or SH?
SCHD yields 3.13% while SH yields 4.19%, so SH currently pays the higher dividend yield.
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