SCHD vs SIXH
Schwab US Dividend Equity ETF vs ETC 6 Meridian Hedged Equity Index Option ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | SCHD | SIXH | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.69% | |
| AUM | $112.2B | $601M | |
| Dividend Yield | 3.13% | 1.83% | |
| Holdings | 103 | 54 | |
| YTD Return | +28.33% | +15.07% | |
| 1Y Return | +30.37% | +15.78% | |
| 3Y Return (annualized) | +16.64% | +13.46% | |
| 5Y Return (annualized) | +10.04% | +9.72% | |
| Volatility (annualized) | 13.6% | 9.1% | |
| Max Drawdown | -33.4% | -11.7% | |
| Fund Family | Charles Schwab Asset Management | 6 Meridian ETF | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 11, 2020 |
SCHD vs SIXH Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ETC 6 Meridian Hedged Equity Index Option ETF (SIXH) is a ETF from 6 Meridian ETF. Over the past year SCHD returned +30.37% while SIXH returned +15.78%. Year to date, SCHD is up 28.33% versus a gain of 15.07% for SIXH.
Over three years, SCHD compounded at +16.64% per year against +13.46% for SIXH; over five years the annualized figures are +10.04% and +9.72% respectively. Across the full 6-year window we track, SCHD has the edge at +11.58% annualized vs +11.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.1% for SIXH. 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 -11.7% for SIXH. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SIXH charges 0.69%. On a $10,000 position that is $6 vs $69 annually, a gap of $63 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 1.83% for SIXH.
Holdings Overlap
SCHD and SIXH share 12 holdings out of 136 unique holdings combined, representing a 27.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SIXH?
SCHD has an expense ratio of 0.06% while SIXH charges 0.69%. SCHD is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, SCHD or SIXH?
Over the past year SCHD returned +30.37% vs +15.78% for SIXH, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +11.58% vs +11.16% for SIXH. Past performance does not guarantee future results.
Which is riskier, SCHD or SIXH?
SCHD has been the more volatile fund at 13.6% annualized versus 9.1% for SIXH. Worst drawdown: SCHD -33.4% vs SIXH -11.7%.
Should I hold both SCHD and SIXH?
SCHD and SIXH have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SIXH?
SCHD and SIXH share 12 common holdings with a 27.9% weight overlap. Combined, they hold 136 unique securities.
Which pays a higher dividend, SCHD or SIXH?
SCHD yields 3.13% while SIXH yields 1.83%, so SCHD currently pays the higher dividend yield.
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