SCHD vs UBT
Schwab US Dividend Equity ETF vs ProShares Ultra 20+ Year Treasury
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | UBT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $59M | |
| Dividend Yield | 3.31% | 3.44% | |
| Holdings | 104 | 8 | |
| YTD Return | +25.62% | -8.86% | |
| 1Y Return | +32.62% | -8.21% | |
| 3Y Return (annualized) | +15.58% | -8.43% | |
| 5Y Return (annualized) | +9.63% | -20.77% | |
| Volatility (annualized) | 13.6% | 27.3% | |
| Max Drawdown | -33.4% | -79.0% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jan 19, 2010 |
SCHD vs UBT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Ultra 20+ Year Treasury (UBT) is a ETF from ProShares. Over the past year SCHD returned +32.62% while UBT returned -8.21%. Year to date, SCHD is up 25.62% versus a loss of 8.86% for UBT.
Over three years, SCHD compounded at +15.58% per year against -8.43% for UBT; over five years the annualized figures are +9.63% and -20.77% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs -0.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UBT has been the more volatile fund, with annualized monthly volatility of 27.3% 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 -79.0% for UBT. 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while UBT 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 3.44% for UBT.
Holdings Overlap
SCHD and UBT 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 UBT?
SCHD has an expense ratio of 0.06% while UBT 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 UBT?
Over the past year SCHD returned +32.62% vs -8.21% for UBT, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.47% vs -0.47% for UBT. Past performance does not guarantee future results.
Which is riskier, SCHD or UBT?
UBT has been the more volatile fund at 27.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs UBT -79.0%.
Should I hold both SCHD and UBT?
SCHD and UBT have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and UBT?
SCHD and UBT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or UBT?
SCHD yields 3.31% while UBT yields 3.44%, so UBT currently pays the higher dividend yield.
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