SCHD vs WANT
Schwab US Dividend Equity ETF vs Direxion Daily Consumer Discretionary Bull 3X ETF
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 | WANT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.00% | |
| AUM | $103.7B | $16M | |
| Dividend Yield | 3.31% | 0.51% | |
| Holdings | 104 | 55 | |
| YTD Return | +25.62% | -9.83% | |
| 1Y Return | +32.62% | -0.95% | |
| 3Y Return (annualized) | +15.58% | +11.97% | |
| 5Y Return (annualized) | +9.63% | -8.24% | |
| Volatility (annualized) | 13.6% | 70.0% | |
| Max Drawdown | -33.4% | -85.9% | |
| Fund Family | Charles Schwab Asset Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Nov 29, 2018 |
SCHD vs WANT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) is a ETF from Direxion Shares ETF Trust. Over the past year SCHD returned +32.62% while WANT returned -0.95%. Year to date, SCHD is up 25.62% versus a loss of 9.83% for WANT.
Over three years, SCHD compounded at +15.58% per year against +11.97% for WANT; over five years the annualized figures are +9.63% and -8.24% respectively. Across the full 8-year window we track, SCHD has the edge at +11.47% annualized vs +7.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WANT has been the more volatile fund, with annualized monthly volatility of 70.0% 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 -85.9% for WANT. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WANT charges 1.00%. On a $10,000 position that is $6 vs $100 annually, a gap of $94 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.51% for WANT.
Holdings Overlap
SCHD and WANT share 4 holdings out of 146 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or WANT?
SCHD has an expense ratio of 0.06% while WANT charges 1.00%. SCHD is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, SCHD or WANT?
Over the past year SCHD returned +32.62% vs -0.95% for WANT, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), SCHD annualized +11.47% vs +7.99% for WANT. Past performance does not guarantee future results.
Which is riskier, SCHD or WANT?
WANT has been the more volatile fund at 70.0% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs WANT -85.9%.
Should I hold both SCHD and WANT?
SCHD and WANT have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WANT?
SCHD and WANT share 4 common holdings with a 5.7% weight overlap. Combined, they hold 146 unique securities.
Which pays a higher dividend, SCHD or WANT?
SCHD yields 3.31% while WANT yields 0.51%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.