SCHD vs SMCY
Schwab US Dividend Equity ETF vs YieldMax SMCI 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 | SMCY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.01% | |
| AUM | $103.7B | $107M | |
| Dividend Yield | 3.31% | 221.89% | |
| Holdings | 104 | 15 | |
| YTD Return | +25.62% | -9.05% | |
| 1Y Return | +32.62% | -33.58% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 69.7% | |
| Max Drawdown | -33.4% | -64.8% | |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Sep 11, 2024 |
SCHD vs SMCY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and YieldMax SMCI Option Income Strategy ETF (SMCY) is a ETF from YieldMax ETF. Over the past year SCHD returned +32.62% while SMCY returned -33.58%. Year to date, SCHD is up 25.62% versus a loss of 9.05% for SMCY.
Risk: Volatility and Drawdowns
SMCY has been the more volatile fund, with annualized monthly volatility of 69.7% 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 -64.8% for SMCY. 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMCY charges 1.01%. On a $10,000 position that is $6 vs $101 annually, a gap of $95 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 221.89% for SMCY.
Holdings Overlap
SCHD and SMCY share 0 holdings out of 103 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 SMCY?
SCHD has an expense ratio of 0.06% while SMCY charges 1.01%. SCHD is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, SCHD or SMCY?
Over the past year SCHD returned +32.62% vs -33.58% for SMCY, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.47% vs -27.50% for SMCY. Past performance does not guarantee future results.
Which is riskier, SCHD or SMCY?
SMCY has been the more volatile fund at 69.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SMCY -64.8%.
Should I hold both SCHD and SMCY?
SCHD and SMCY have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SMCY?
SCHD and SMCY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, SCHD or SMCY?
SCHD yields 3.31% while SMCY yields 221.89%, so SMCY currently pays the higher dividend yield.
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