SCHD vs SPRX
Schwab US Dividend Equity ETF vs Spear Alpha ETF
Quick Verdict
SCHD has a lower expense ratio. SPRX delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPRX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.75% | |
| AUM | $103.7B | $202M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 30 | |
| YTD Return | +24.26% | +21.00% | |
| 1Y Return | +31.38% | +40.81% | |
| 3Y Return (annualized) | +15.08% | +39.75% | |
| 5Y Return (annualized) | +9.72% | +19.22% | |
| Volatility (annualized) | 13.6% | 39.5% | |
| Max Drawdown | -33.4% | -51.2% | |
| Fund Family | Charles Schwab Asset Management | Spear | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Aug 3, 2021 |
SCHD vs SPRX Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Spear Alpha ETF (SPRX) is a ETF from Spear. Over the past year SCHD returned +31.38% while SPRX returned +40.81%. Year to date, SCHD is up 24.26% versus a gain of 21.00% for SPRX.
Over three years, SCHD compounded at +15.08% per year against +39.75% for SPRX; over five years the annualized figures are +9.72% and +19.22% respectively. Across the full 5-year window we track, SPRX has the edge at +19.54% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 39.5% 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 -51.2% for SPRX. 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPRX charges 0.75%. On a $10,000 position that is $6 vs $75 annually, a gap of $69 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.00% for SPRX.
Holdings Overlap
SCHD and SPRX share 0 holdings out of 127 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 SPRX?
SCHD has an expense ratio of 0.06% while SPRX charges 0.75%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, SCHD or SPRX?
Over the past year SCHD returned +31.38% vs +40.81% for SPRX, so SPRX leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.39% vs +19.54% for SPRX. Past performance does not guarantee future results.
Which is riskier, SCHD or SPRX?
SPRX has been the more volatile fund at 39.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPRX -51.2%.
Should I hold both SCHD and SPRX?
SCHD and SPRX have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPRX?
SCHD and SPRX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, SCHD or SPRX?
SCHD yields 3.31% while SPRX yields 0.00%, so SCHD currently pays the higher dividend yield.
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