SCHD vs WGMI
Schwab US Dividend Equity ETF vs CoinShares Bitcoin Mining ETF
Quick Verdict
SCHD has a lower expense ratio. WGMI delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | WGMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.75% | |
| AUM | $108.7B | $234M | |
| Dividend Yield | 3.13% | 0.00% | |
| Holdings | 104 | 26 | |
| YTD Return | +28.63% | +7.40% | |
| 1Y Return | +32.53% | +69.77% | |
| 3Y Return (annualized) | +16.97% | +59.53% | |
| 5Y Return (annualized) | +10.47% | - | |
| Volatility (annualized) | 13.7% | 93.2% | |
| Max Drawdown | -33.4% | -85.8% | |
| Fund Family | Charles Schwab Asset Management | Valkyrie Funds | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Feb 7, 2022 |
SCHD vs WGMI Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and CoinShares Bitcoin Mining ETF (WGMI) is a ETF from Valkyrie Funds. Over the past year SCHD returned +32.53% while WGMI returned +69.77%. Year to date, SCHD is up 28.63% versus a gain of 7.40% for WGMI.
Over three years, SCHD compounded at +16.97% per year against +59.53% for WGMI. Across the full 5-year window we track, WGMI has the edge at +12.13% annualized vs +11.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 93.2% compared with 13.7% 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 -85.8% for WGMI. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WGMI 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 3.13% against 0.00% for WGMI.
Holdings Overlap
SCHD and WGMI share 0 holdings out of 127 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 WGMI?
SCHD has an expense ratio of 0.06% while WGMI 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 WGMI?
Over the past year SCHD returned +32.53% vs +69.77% for WGMI, so WGMI leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.63% vs +12.13% for WGMI. Past performance does not guarantee future results.
Which is riskier, SCHD or WGMI?
WGMI has been the more volatile fund at 93.2% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs WGMI -85.8%.
Should I hold both SCHD and WGMI?
SCHD and WGMI have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WGMI?
SCHD and WGMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, SCHD or WGMI?
SCHD yields 3.13% while WGMI yields 0.00%, so SCHD currently pays the higher dividend yield.
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