SCHD vs UUP
Schwab US Dividend Equity ETF vs Invesco DB US Dollar Index Bullish Fund
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 | UUP | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.75% | |
| AUM | $103.7B | $430M | |
| Dividend Yield | 3.31% | 3.26% | |
| Holdings | 104 | 5 | |
| YTD Return | +25.33% | +3.80% | |
| 1Y Return | +32.31% | +5.67% | |
| 3Y Return (annualized) | +15.40% | +2.71% | |
| 5Y Return (annualized) | +9.70% | +4.55% | |
| Volatility (annualized) | 13.6% | 7.7% | |
| Max Drawdown | -33.4% | -22.2% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Feb 20, 2007 |
SCHD vs UUP Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco DB US Dollar Index Bullish Fund (UUP) is a ETF from Invesco (US). Over the past year SCHD returned +32.31% while UUP returned +5.67%. Year to date, SCHD is up 25.33% versus a gain of 3.80% for UUP.
Over three years, SCHD compounded at +15.40% per year against +2.71% for UUP; over five years the annualized figures are +9.70% and +4.55% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +1.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.7% for UUP. 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 -22.2% for UUP. 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 -0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while UUP charges 0.75%. On a $10,000 position that is $6 vs $75 annually, a gap of $69 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 3.26% for UUP.
Holdings Overlap
SCHD and UUP 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 UUP?
SCHD has an expense ratio of 0.06% while UUP charges 0.75%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, SCHD or UUP?
Over the past year SCHD returned +32.31% vs +5.67% for UUP, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs +1.38% for UUP. Past performance does not guarantee future results.
Which is riskier, SCHD or UUP?
SCHD has been the more volatile fund at 13.6% annualized versus 7.7% for UUP. Worst drawdown: SCHD -33.4% vs UUP -22.2%.
Should I hold both SCHD and UUP?
SCHD and UUP have a monthly-return correlation of -0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and UUP?
SCHD and UUP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or UUP?
SCHD yields 3.31% while UUP yields 3.26%, so SCHD currently pays the higher dividend yield.
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