SCHD vs SNOY
Schwab US Dividend Equity ETF vs YieldMax SNOW Option Income Strategy ETF
Quick Verdict
SCHD has a lower expense ratio. SNOY delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SNOY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.04% | |
| AUM | $103.7B | $59M | |
| Dividend Yield | 3.31% | 64.73% | |
| Holdings | 104 | 14 | |
| YTD Return | +25.33% | +44.19% | |
| 1Y Return | +32.31% | +48.43% | |
| 3Y Return (annualized) | +15.40% | - | |
| 5Y Return (annualized) | +9.70% | - | |
| Volatility (annualized) | 13.6% | 64.1% | |
| Max Drawdown | -33.4% | -50.9% | |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jun 10, 2024 |
SCHD vs SNOY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and YieldMax SNOW Option Income Strategy ETF (SNOY) is a ETF from YieldMax ETF. Over the past year SCHD returned +32.31% while SNOY returned +48.43%. Year to date, SCHD is up 25.33% versus a gain of 44.19% for SNOY.
Risk: Volatility and Drawdowns
SNOY has been the more volatile fund, with annualized monthly volatility of 64.1% 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 -50.9% for SNOY. 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SNOY charges 1.04%. On a $10,000 position that is $6 vs $104 annually, a gap of $98 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 64.73% for SNOY.
Holdings Overlap
SCHD and SNOY 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 SNOY?
SCHD has an expense ratio of 0.06% while SNOY charges 1.04%. SCHD is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, SCHD or SNOY?
Over the past year SCHD returned +32.31% vs +48.43% for SNOY, so SNOY leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.45% vs +42.48% for SNOY. Past performance does not guarantee future results.
Which is riskier, SCHD or SNOY?
SNOY has been the more volatile fund at 64.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SNOY -50.9%.
Should I hold both SCHD and SNOY?
SCHD and SNOY have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SNOY?
SCHD and SNOY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, SCHD or SNOY?
SCHD yields 3.31% while SNOY yields 64.73%, so SNOY currently pays the higher dividend yield.
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