SCHD vs WNTR
Schwab US Dividend Equity ETF vs YieldMax Short MSTR Option Income Strategy ETF
Quick Verdict
SCHD has a lower expense ratio. WNTR delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | WNTR | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.00% | |
| AUM | $103.7B | $76M | |
| Dividend Yield | 3.31% | 96.08% | |
| Holdings | 104 | 19 | |
| YTD Return | +25.58% | -26.35% | |
| 1Y Return | +31.06% | +40.71% | |
| 3Y Return (annualized) | +15.55% | - | |
| 5Y Return (annualized) | +9.61% | - | |
| Volatility (annualized) | 13.6% | 55.6% | |
| Max Drawdown | -33.4% | -53.1% | |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Mar 26, 2025 |
SCHD vs WNTR Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and YieldMax Short MSTR Option Income Strategy ETF (WNTR) is a ETF from YieldMax ETF. Over the past year SCHD returned +31.06% while WNTR returned +40.71%. Year to date, SCHD is up 25.58% versus a loss of 26.35% for WNTR.
Risk: Volatility and Drawdowns
WNTR has been the more volatile fund, with annualized monthly volatility of 55.6% 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 -53.1% for WNTR. 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WNTR 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 96.08% for WNTR.
Holdings Overlap
SCHD and WNTR share 0 holdings out of 103 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 WNTR?
SCHD has an expense ratio of 0.06% while WNTR 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 WNTR?
Over the past year SCHD returned +31.06% vs +40.71% for WNTR, so WNTR leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.46% vs +8.24% for WNTR. Past performance does not guarantee future results.
Which is riskier, SCHD or WNTR?
WNTR has been the more volatile fund at 55.6% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs WNTR -53.1%.
Should I hold both SCHD and WNTR?
SCHD and WNTR have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WNTR?
SCHD and WNTR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, SCHD or WNTR?
SCHD yields 3.31% while WNTR yields 96.08%, so WNTR currently pays the higher dividend yield.
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