SCHD vs UPAR
Schwab US Dividend Equity ETF vs UPAR Ultra Risk Parity ETF
Which is better, SCHD or UPAR?
Large Cap Value against Multi Alternative.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | UPAR |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.68% |
| AUM | $112.2B | $60M |
| Dividend Yield | 3.13% | 3.43% |
| Holdings | 103 | 140 |
| YTD Return | +27.56%Best | +7.39% |
| 1Y Return | +30.29%Best | +17.17% |
| 3Y Return (annualized) | +16.37%Best | +11.82% |
| 5Y Return (annualized) | +10.23% | - |
| Volatility (annualized) | 14.8%Best | 19.4% |
| Max Drawdown | -16.9%Best | -39.0% |
| $10,000 over 4.7 years | $15,065Best | $9,652 |
| Fund Family | Charles Schwab Asset Management | Rpar ETF |
| Category | Equity | Alternative |
| Style | Large Cap Value | Multi Alternative |
| Inception | Oct 20, 2011 | Jan 3, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Jan 4, 2022 to Sep 4, 2026 (4.7 years).
SCHD vs UPAR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.7 years both funds cover.
SCHD vs UPAR Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and UPAR Ultra Risk Parity ETF (UPAR) is an ETF from Rpar ETF. Over the past year SCHD returned +30.29% while UPAR returned +17.17%. Year to date, SCHD is up 27.56% versus a gain of 7.39% for UPAR.
Over three years, SCHD compounded at +16.37% per year against +11.82% for UPAR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPAR has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 14.8% 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 -16.9% for SCHD and -39.0% for UPAR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while UPAR charges 0.68%. On a $10,000 position that is $6 vs $68 annually, a gap of $62 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.43% for UPAR.
Holdings Overlap
At least 10.4% of SCHD's money is in holdings UPAR also owns.
Stated as a floor: for UPAR, our book for it covers 48.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and UPAR share little of their money.
The two holdings books were reported 99 days apart, SCHD as of Aug 7, 2026 and UPAR as of Apr 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 100 positions we hold weights for in SCHD and 129 in UPAR, against full books of 103 and 140.
You are not choosing between two funds in isolation.
Whichever of SCHD and UPAR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or UPAR?
SCHD has an expense ratio of 0.06% while UPAR charges 0.68%. SCHD is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, SCHD or UPAR?
Over the past year SCHD returned +30.29% vs +17.17% for UPAR, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or UPAR?
UPAR has been the more volatile fund at 19.4% annualized versus 14.8% for SCHD. Worst drawdown: SCHD -16.9% vs UPAR -39.0%.
Should I hold both SCHD and UPAR?
SCHD and UPAR have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and UPAR?
At least 10.4% of SCHD's money is in holdings UPAR also owns. Our book for UPAR is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 100 positions we hold weights for in SCHD and 129 in UPAR.
Which pays a higher dividend, SCHD or UPAR?
SCHD yields 3.13% while UPAR yields 3.43%, so UPAR currently pays the higher dividend yield.
Is UPAR better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.