SCHD vs SJB
Schwab US Dividend Equity ETF vs ProShares Short High Yield
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 | SJB | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $112.2B | $45M | |
| Dividend Yield | 3.13% | 3.59% | |
| Holdings | 103 | 6 | |
| YTD Return | +28.33% | +0.81% | |
| 1Y Return | +30.37% | +0.77% | |
| 3Y Return (annualized) | +16.64% | -2.53% | |
| 5Y Return (annualized) | +10.04% | -0.39% | |
| Volatility (annualized) | 13.6% | 7.2% | |
| Max Drawdown | -33.4% | -59.7% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Mar 21, 2011 |
SCHD vs SJB Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Short High Yield (SJB) is a ETF from ProShares. Over the past year SCHD returned +30.37% while SJB returned +0.77%. Year to date, SCHD is up 28.33% versus a gain of 0.81% for SJB.
Over three years, SCHD compounded at +16.64% per year against -2.53% for SJB; over five years the annualized figures are +10.04% and -0.39% respectively. Across the full 15-year window we track, SCHD has the edge at +11.58% annualized vs -5.28%. 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 7.2% for SJB. 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 -59.7% for SJB. 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 -0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SJB charges 0.95%. On a $10,000 position that is $6 vs $95 annually, a gap of $89 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.59% for SJB.
Holdings Overlap
SCHD and SJB share 0 holdings out of 101 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 SJB?
SCHD has an expense ratio of 0.06% while SJB charges 0.95%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, SCHD or SJB?
Over the past year SCHD returned +30.37% vs +0.77% for SJB, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.58% vs -5.28% for SJB. Past performance does not guarantee future results.
Which is riskier, SCHD or SJB?
SCHD has been the more volatile fund at 13.6% annualized versus 7.2% for SJB. Worst drawdown: SCHD -33.4% vs SJB -59.7%.
Should I hold both SCHD and SJB?
SCHD and SJB have a monthly-return correlation of -0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SJB?
SCHD and SJB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or SJB?
SCHD yields 3.13% while SJB yields 3.59%, so SJB currently pays the higher dividend yield.
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