SCHD vs SIXZ
Schwab US Dividend Equity ETF vs AllianzIM US Equity 6 Month Buffer10 May/Nov 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 | SIXZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.74% | |
| AUM | $103.7B | $62M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 5 | |
| YTD Return | +25.62% | +8.36% | |
| 1Y Return | +32.62% | +11.78% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 6.2% | |
| Max Drawdown | -33.4% | -10.3% | |
| Fund Family | Charles Schwab Asset Management | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Apr 30, 2024 |
SCHD vs SIXZ Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and AllianzIM US Equity 6 Month Buffer10 May/Nov ETF (SIXZ) is a ETF from AllianzIM. Over the past year SCHD returned +32.62% while SIXZ returned +11.78%. Year to date, SCHD is up 25.62% versus a gain of 8.36% for SIXZ.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 6.2% for SIXZ. 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 -10.3% for SIXZ. 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SIXZ charges 0.74%. On a $10,000 position that is $6 vs $74 annually, a gap of $68 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.00% for SIXZ.
Frequently Asked Questions
Which is cheaper, SCHD or SIXZ?
SCHD has an expense ratio of 0.06% while SIXZ charges 0.74%. SCHD is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, SCHD or SIXZ?
Over the past year SCHD returned +32.62% vs +11.78% for SIXZ, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.47% vs +11.69% for SIXZ. Past performance does not guarantee future results.
Which is riskier, SCHD or SIXZ?
SCHD has been the more volatile fund at 13.6% annualized versus 6.2% for SIXZ. Worst drawdown: SCHD -33.4% vs SIXZ -10.3%.
Should I hold both SCHD and SIXZ?
SCHD and SIXZ have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or SIXZ?
SCHD yields 3.31% while SIXZ yields 0.00%, so SCHD currently pays the higher dividend yield.
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