SCHD vs ULE
Schwab US Dividend Equity ETF vs ProShares Ultra Euro
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 | ULE | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $4M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 3 | |
| YTD Return | +24.26% | -3.29% | |
| 1Y Return | +31.38% | -2.91% | |
| 3Y Return (annualized) | +15.08% | +2.71% | |
| 5Y Return (annualized) | +9.72% | -2.47% | |
| Volatility (annualized) | 13.6% | 18.1% | |
| Max Drawdown | -33.4% | -72.7% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Nov 24, 2008 |
SCHD vs ULE Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Ultra Euro (ULE) is a ETF from ProShares. Over the past year SCHD returned +31.38% while ULE returned -2.91%. Year to date, SCHD is up 24.26% versus a loss of 3.29% for ULE.
Over three years, SCHD compounded at +15.08% per year against +2.71% for ULE; over five years the annualized figures are +9.72% and -2.47% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -3.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ULE has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -72.7% for ULE. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while ULE 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 0.00% for ULE.
Frequently Asked Questions
Which is cheaper, SCHD or ULE?
SCHD has an expense ratio of 0.06% while ULE 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 ULE?
Over the past year SCHD returned +31.38% vs -2.91% for ULE, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs -3.85% for ULE. Past performance does not guarantee future results.
Which is riskier, SCHD or ULE?
ULE has been the more volatile fund at 18.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs ULE -72.7%.
Should I hold both SCHD and ULE?
SCHD and ULE have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or ULE?
SCHD yields 3.31% while ULE yields 0.00%, so SCHD currently pays the higher dividend yield.
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