SCHD vs SMCL
Schwab US Dividend Equity ETF vs Graniteshares 2x Long SMCI Daily ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | SMCL | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.50% | |
| AUM | $108.7B | $60M | |
| Dividend Yield | 3.13% | 0.00% | |
| Holdings | 104 | 2 | |
| YTD Return | +26.50% | -48.74% | |
| 1Y Return | +31.25% | -81.71% | |
| 3Y Return (annualized) | +16.34% | - | |
| 5Y Return (annualized) | +10.10% | - | |
| Volatility (annualized) | 13.6% | 193.4% | |
| Max Drawdown | -33.4% | -97.5% | |
| Fund Family | Charles Schwab Asset Management | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Dec 12, 2024 |
SCHD vs SMCL Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Graniteshares 2x Long SMCI Daily ETF (SMCL) is a ETF from GraniteShares. Over the past year SCHD returned +31.25% while SMCL returned -81.71%. Year to date, SCHD is up 26.50% versus a loss of 48.74% for SMCL.
Risk: Volatility and Drawdowns
SMCL has been the more volatile fund, with annualized monthly volatility of 193.4% 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 -97.5% for SMCL. 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMCL charges 1.50%. On a $10,000 position that is $6 vs $150 annually, a gap of $144 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.00% for SMCL.
Holdings Overlap
SCHD and SMCL 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 SMCL?
SCHD has an expense ratio of 0.06% while SMCL charges 1.50%. SCHD is the cheaper option. On a $10,000 investment, that is $144 per year of difference.
Which performed better, SCHD or SMCL?
Over the past year SCHD returned +31.25% vs -81.71% for SMCL, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.50% vs -73.75% for SMCL. Past performance does not guarantee future results.
Which is riskier, SCHD or SMCL?
SMCL has been the more volatile fund at 193.4% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SMCL -97.5%.
Should I hold both SCHD and SMCL?
SCHD and SMCL have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SMCL?
SCHD and SMCL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or SMCL?
SCHD yields 3.13% while SMCL yields 0.00%, so SCHD currently pays the higher dividend yield.
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