SCHD vs SPDN
Schwab US Dividend Equity ETF vs Direxion Daily S&P 500 Bear 1X ETF
Which is better, SCHD or SPDN?
Opposite sides of the same exposure.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | SPDN |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.48% |
| AUM | $112.1B | $218M |
| Dividend Yield | 3.00% | 3.39% |
| Holdings | 103 | 5 |
| YTD Return | +24.23%Best | -7.70% |
| 1Y Return | +27.90%Best | -9.79% |
| 3Y Return (annualized) | +15.55%Best | -12.59% |
| 5Y Return (annualized) | +9.97%Best | -8.11% |
| Volatility (annualized) | 15.1% | 14.5%Best |
| Max Drawdown | -33.4%Best | -76.8% |
| $10,000 over 5 years | $16,083Best | $6,552 |
| Fund Family | Charles Schwab Asset Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Value | Trading-Inverse Equity |
| Inception | Oct 20, 2011 | Jun 8, 2016 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 8, 2016 to Sep 17, 2026 (10.3 years).
SCHD vs SPDN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.3 years both funds cover.
SCHD vs SPDN Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Direxion Daily S&P 500 Bear 1X ETF (SPDN) is an ETF from Direxion Shares ETF Trust. Over the past year SCHD returned +27.90% while SPDN returned -9.79%. Year to date, SCHD is up 24.23% versus a loss of 7.70% for SPDN.
Over three years, SCHD compounded at +15.55% per year against -12.59% for SPDN; over five years the annualized figures are +9.97% and -8.11% respectively. Across the full 10-year window we track, SCHD has the edge at +11.23% annualized vs -12.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.5% for SPDN. 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 -76.8% for SPDN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.81. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPDN charges 0.48%. On a $10,000 position that is $6 vs $48 annually, a gap of $42 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 3.39% for SPDN.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 2 in SPDN, totalling 100.0% and 104.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 2 in SPDN, against full books of 103 and 5.
You are not choosing between two funds in isolation.
Whichever of SCHD and SPDN you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SPDN?
SCHD has an expense ratio of 0.06% while SPDN charges 0.48%. SCHD is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, SCHD or SPDN?
Over the past year SCHD returned +27.90% vs -9.79% for SPDN, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.23% vs -12.59% for SPDN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPDN?
SCHD has been the more volatile fund at 15.1% annualized versus 14.5% for SPDN. Worst drawdown: SCHD -33.4% vs SPDN -76.8%.
Should I hold both SCHD and SPDN?
SCHD and SPDN have a monthly-return correlation of -0.81, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, SCHD or SPDN?
SCHD yields 3.00% while SPDN yields 3.39%, so SPDN currently pays the higher dividend yield.
Is SPDN better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.