SCHD vs WZRD
Schwab US Dividend Equity ETF vs Opportunistic Trader 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 | WZRD | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.07% | |
| AUM | $103.7B | $16M | |
| Dividend Yield | 3.31% | - | |
| Holdings | 104 | 63 | |
| YTD Return | +25.62% | -96.57% | |
| 1Y Return | +32.62% | -96.99% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 85.9% | |
| Max Drawdown | -33.4% | -98.2% | |
| Fund Family | Charles Schwab Asset Management | Opportunistic Trader | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Mar 19, 2024 |
SCHD vs WZRD Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Opportunistic Trader ETF (WZRD) is a ETF from Opportunistic Trader. Over the past year SCHD returned +32.62% while WZRD returned -96.99%. Year to date, SCHD is up 25.62% versus a loss of 96.57% for WZRD.
Risk: Volatility and Drawdowns
WZRD has been the more volatile fund, with annualized monthly volatility of 85.9% 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 -98.2% for WZRD. 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 -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WZRD charges 1.07%. On a $10,000 position that is $6 vs $107 annually, a gap of $101 per year that compounds over a long holding period.
Frequently Asked Questions
Which is cheaper, SCHD or WZRD?
SCHD has an expense ratio of 0.06% while WZRD charges 1.07%. SCHD is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, SCHD or WZRD?
Over the past year SCHD returned +32.62% vs -96.99% for WZRD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.47% vs -95.32% for WZRD. Past performance does not guarantee future results.
Which is riskier, SCHD or WZRD?
WZRD has been the more volatile fund at 85.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs WZRD -98.2%.
Should I hold both SCHD and WZRD?
SCHD and WZRD have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.
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