SCHD vs TNA
Schwab US Dividend Equity ETF vs Direxion Daily Small Cap Bull 3X ETF
Quick Verdict
SCHD has a lower expense ratio. TNA delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TNA | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.05% | |
| AUM | $103.7B | $1.3B | |
| Dividend Yield | 3.31% | 0.28% | |
| Holdings | 104 | 12 | |
| YTD Return | +25.33% | +56.93% | |
| 1Y Return | +32.31% | +111.49% | |
| 3Y Return (annualized) | +15.40% | +26.99% | |
| 5Y Return (annualized) | +9.70% | -2.86% | |
| Volatility (annualized) | 13.6% | 60.5% | |
| Max Drawdown | -33.4% | -88.2% | |
| Fund Family | Charles Schwab Asset Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Nov 5, 2008 |
SCHD vs TNA Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Direxion Daily Small Cap Bull 3X ETF (TNA) is a ETF from Direxion Shares ETF Trust. Over the past year SCHD returned +32.31% while TNA returned +111.49%. Year to date, SCHD is up 25.33% versus a gain of 56.93% for TNA.
Over three years, SCHD compounded at +15.40% per year against +26.99% for TNA; over five years the annualized figures are +9.70% and -2.86% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +10.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TNA has been the more volatile fund, with annualized monthly volatility of 60.5% 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 -88.2% for TNA. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TNA charges 1.05%. On a $10,000 position that is $6 vs $105 annually, a gap of $99 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.28% for TNA.
Holdings Overlap
SCHD and TNA share 0 holdings out of 105 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 TNA?
SCHD has an expense ratio of 0.06% while TNA charges 1.05%. SCHD is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, SCHD or TNA?
Over the past year SCHD returned +32.31% vs +111.49% for TNA, so TNA leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs +10.73% for TNA. Past performance does not guarantee future results.
Which is riskier, SCHD or TNA?
TNA has been the more volatile fund at 60.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TNA -88.2%.
Should I hold both SCHD and TNA?
SCHD and TNA have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TNA?
SCHD and TNA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, SCHD or TNA?
SCHD yields 3.31% while TNA yields 0.28%, so SCHD currently pays the higher dividend yield.
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