SCHD vs SHRT
Schwab US Dividend Equity ETF vs Gotham Short Strategies ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SHRT offers more diversification with 806 holdings.
Side-by-Side Comparison
| Metric | SCHD | SHRT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.35% | |
| AUM | $108.7B | $13M | |
| Dividend Yield | 3.13% | 0.08% | |
| Holdings | 104 | 806 | |
| YTD Return | +28.48% | -12.73% | |
| 1Y Return | +30.95% | -12.72% | |
| 3Y Return (annualized) | +16.80% | - | |
| 5Y Return (annualized) | +10.27% | - | |
| Volatility (annualized) | 13.7% | 13.2% | |
| Max Drawdown | -33.4% | -27.8% | |
| Fund Family | Charles Schwab Asset Management | Gotham ETFs | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Nov 6, 2023 |
SCHD vs SHRT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Gotham Short Strategies ETF (SHRT) is a ETF from Gotham ETFs. Over the past year SCHD returned +30.95% while SHRT returned -12.72%. Year to date, SCHD is up 28.48% versus a loss of 12.73% for SHRT.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.2% for SHRT. 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 -27.8% for SHRT. 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 -0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SHRT charges 1.35%. On a $10,000 position that is $6 vs $135 annually, a gap of $129 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.08% for SHRT.
Holdings Overlap
SCHD and SHRT share 14 holdings out of 487 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SHRT?
SCHD has an expense ratio of 0.06% while SHRT charges 1.35%. SCHD is the cheaper option. On a $10,000 investment, that is $129 per year of difference.
Which performed better, SCHD or SHRT?
Over the past year SCHD returned +30.95% vs -12.72% for SHRT, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.60% vs -7.52% for SHRT. Past performance does not guarantee future results.
Which is riskier, SCHD or SHRT?
SCHD has been the more volatile fund at 13.7% annualized versus 13.2% for SHRT. Worst drawdown: SCHD -33.4% vs SHRT -27.8%.
Should I hold both SCHD and SHRT?
SCHD and SHRT have a monthly-return correlation of -0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SHRT?
SCHD and SHRT share 14 common holdings with a 3.0% weight overlap. Combined, they hold 487 unique securities.
Which pays a higher dividend, SCHD or SHRT?
SCHD yields 3.13% while SHRT yields 0.08%, so SCHD currently pays the higher dividend yield.
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