SCHD vs SPYQ
Schwab US Dividend Equity ETF vs Tradr 2X Long SPY Quarterly ETF
Quick Verdict
SCHD has a lower expense ratio. SPYQ delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPYQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $14M | |
| Dividend Yield | 3.31% | 0.15% | |
| Holdings | 104 | 9 | |
| YTD Return | +25.58% | +21.95% | |
| 1Y Return | +31.06% | +34.69% | |
| 3Y Return (annualized) | +15.55% | - | |
| 5Y Return (annualized) | +9.61% | - | |
| Volatility (annualized) | 13.6% | 26.1% | |
| Max Drawdown | -33.4% | -35.9% | |
| Fund Family | Charles Schwab Asset Management | Tradr ETFs | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Sep 30, 2024 |
SCHD vs SPYQ Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Tradr 2X Long SPY Quarterly ETF (SPYQ) is a ETF from Tradr ETFs. Over the past year SCHD returned +31.06% while SPYQ returned +34.69%. Year to date, SCHD is up 25.58% versus a gain of 21.95% for SPYQ.
Risk: Volatility and Drawdowns
SPYQ has been the more volatile fund, with annualized monthly volatility of 26.1% 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 -35.9% for SPYQ. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPYQ charges 0.95%. On a $10,000 position that is $6 vs $95 annually, a gap of $89 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.15% for SPYQ.
Holdings Overlap
SCHD and SPYQ share 0 holdings out of 101 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 SPYQ?
SCHD has an expense ratio of 0.06% while SPYQ charges 0.95%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, SCHD or SPYQ?
Over the past year SCHD returned +31.06% vs +34.69% for SPYQ, so SPYQ leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.46% vs +29.35% for SPYQ. Past performance does not guarantee future results.
Which is riskier, SCHD or SPYQ?
SPYQ has been the more volatile fund at 26.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPYQ -35.9%.
Should I hold both SCHD and SPYQ?
SCHD and SPYQ have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPYQ?
SCHD and SPYQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or SPYQ?
SCHD yields 3.31% while SPYQ yields 0.15%, so SCHD currently pays the higher dividend yield.
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