SCHD vs SLTY
Schwab US Dividend Equity ETF vs YieldMax Ultra Short Option Income Strategy 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 | SLTY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.25% | |
| AUM | $103.7B | $18M | |
| Dividend Yield | 3.31% | 73.59% | |
| Holdings | 104 | 113 | |
| YTD Return | +24.26% | -7.02% | |
| 1Y Return | +31.38% | -20.23% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 16.2% | |
| Max Drawdown | -33.4% | -20.9% | |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Aug 20, 2025 |
SCHD vs SLTY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and YieldMax Ultra Short Option Income Strategy ETF (SLTY) is a ETF from YieldMax ETF. Over the past year SCHD returned +31.38% while SLTY returned -20.23%. Year to date, SCHD is up 24.26% versus a loss of 7.02% for SLTY.
Risk: Volatility and Drawdowns
SLTY has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -20.9% for SLTY. 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 -0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SLTY charges 1.25%. On a $10,000 position that is $6 vs $125 annually, a gap of $119 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 73.59% for SLTY.
Holdings Overlap
SCHD and SLTY share 1 holdings out of 127 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SLTY | Difference |
|---|---|---|---|
| TGT | 1.63% | -4.98% | 6.61% |
Frequently Asked Questions
Which is cheaper, SCHD or SLTY?
SCHD has an expense ratio of 0.06% while SLTY charges 1.25%. SCHD is the cheaper option. On a $10,000 investment, that is $119 per year of difference.
Which performed better, SCHD or SLTY?
Over the past year SCHD returned +31.38% vs -20.23% for SLTY, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, SCHD or SLTY?
SLTY has been the more volatile fund at 16.2% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SLTY -20.9%.
Should I hold both SCHD and SLTY?
SCHD and SLTY have a monthly-return correlation of -0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SLTY?
SCHD and SLTY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, SCHD or SLTY?
SCHD yields 3.31% while SLTY yields 73.59%, so SLTY currently pays the higher dividend yield.
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