SCHD vs SOLZ

Quick Verdict

SOLZ has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.

Lower Fees: SOLZHigher Returns: SCHDMore Diversified: SCHD

Side-by-Side Comparison

MetricSCHDSOLZWinner
Expense Ratio0.06%0.00%
AUM$103.7B$90M
Dividend Yield3.31%3.66%
Holdings1042
YTD Return+24.26%-44.28%
1Y Return+31.38%-59.82%
3Y Return (annualized)+15.08%-
5Y Return (annualized)+9.72%-
Volatility (annualized)13.6%43.8%
Max Drawdown-33.4%-75.7%
Fund FamilyCharles Schwab Asset ManagementVolatility Shares, LLC
CategoryEquityAlternative
InceptionOct 20, 2011Mar 20, 2025

SCHD vs SOLZ Performance

Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Solana ETF (SOLZ) is a ETF from Volatility Shares, LLC. Over the past year SCHD returned +31.38% while SOLZ returned -59.82%. Year to date, SCHD is up 24.26% versus a loss of 44.28% for SOLZ.

Risk: Volatility and Drawdowns

SOLZ has been the more volatile fund, with annualized monthly volatility of 43.8% 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 -75.7% for SOLZ. 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 -0.35. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

SCHD charges 0.06% per year while SOLZ charges 0.00%. On a $10,000 position that is $6 vs $0 annually, a gap of $6 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 3.66% for SOLZ.

Frequently Asked Questions

Which is cheaper, SCHD or SOLZ?

SCHD has an expense ratio of 0.06% while SOLZ charges 0.00%. SOLZ is the cheaper option. On a $10,000 investment, that is $6 per year of difference.

Which performed better, SCHD or SOLZ?

Over the past year SCHD returned +31.38% vs -59.82% for SOLZ, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs -38.13% for SOLZ. Past performance does not guarantee future results.

Which is riskier, SCHD or SOLZ?

SOLZ has been the more volatile fund at 43.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SOLZ -75.7%.

Should I hold both SCHD and SOLZ?

SCHD and SOLZ have a monthly-return correlation of -0.35, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, SCHD or SOLZ?

SCHD yields 3.31% while SOLZ yields 3.66%, so SOLZ currently pays the higher dividend yield.

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