SCHD vs SLON
Schwab US Dividend Equity ETF vs ProShares Ultra Solana 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 | SLON | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 2.14% | |
| AUM | $103.7B | $18M | |
| Dividend Yield | 3.31% | 4.51% | |
| Holdings | 104 | 3 | |
| YTD Return | +24.26% | -77.46% | |
| 1Y Return | +31.38% | -91.07% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 77.6% | |
| Max Drawdown | -33.4% | -96.3% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jul 14, 2025 |
SCHD vs SLON Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Ultra Solana ETF (SLON) is a ETF from ProShares. Over the past year SCHD returned +31.38% while SLON returned -91.07%. Year to date, SCHD is up 24.26% versus a loss of 77.46% for SLON.
Risk: Volatility and Drawdowns
SLON has been the more volatile fund, with annualized monthly volatility of 77.6% 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 -96.3% for SLON. 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SLON charges 2.14%. On a $10,000 position that is $6 vs $214 annually, a gap of $208 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.51% for SLON.
Frequently Asked Questions
Which is cheaper, SCHD or SLON?
SCHD has an expense ratio of 0.06% while SLON charges 2.14%. SCHD is the cheaper option. On a $10,000 investment, that is $208 per year of difference.
Which performed better, SCHD or SLON?
Over the past year SCHD returned +31.38% vs -91.07% for SLON, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs -89.22% for SLON. Past performance does not guarantee future results.
Which is riskier, SCHD or SLON?
SLON has been the more volatile fund at 77.6% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SLON -96.3%.
Should I hold both SCHD and SLON?
SCHD and SLON have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or SLON?
SCHD yields 3.31% while SLON yields 4.51%, so SLON currently pays the higher dividend yield.
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