SCHD vs YMAG
Schwab US Dividend Equity ETF vs YieldMax Magnificent 7 Fund of Option Income 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 | YMAG | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.34% | |
| AUM | $103.7B | $278M | |
| Dividend Yield | 3.31% | 58.52% | |
| Holdings | 104 | 9 | |
| YTD Return | +24.26% | +5.27% | |
| 1Y Return | +31.38% | +16.05% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 17.9% | |
| Max Drawdown | -33.4% | -26.0% | |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jan 29, 2024 |
SCHD vs YMAG Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) is a ETF from YieldMax ETF. Over the past year SCHD returned +31.38% while YMAG returned +16.05%. Year to date, SCHD is up 24.26% versus a gain of 5.27% for YMAG.
Risk: Volatility and Drawdowns
YMAG has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -26.0% for YMAG. 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while YMAG charges 1.34%. On a $10,000 position that is $6 vs $134 annually, a gap of $128 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 58.52% for YMAG.
Holdings Overlap
SCHD and YMAG share 0 holdings out of 108 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 YMAG?
SCHD has an expense ratio of 0.06% while YMAG charges 1.34%. SCHD is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, SCHD or YMAG?
Over the past year SCHD returned +31.38% vs +16.05% for YMAG, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.39% vs +23.04% for YMAG. Past performance does not guarantee future results.
Which is riskier, SCHD or YMAG?
YMAG has been the more volatile fund at 17.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs YMAG -26.0%.
Should I hold both SCHD and YMAG?
SCHD and YMAG have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and YMAG?
SCHD and YMAG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, SCHD or YMAG?
SCHD yields 3.31% while YMAG yields 58.52%, so YMAG currently pays the higher dividend yield.
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