SCHD vs YMAX
Schwab US Dividend Equity ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, SCHD or YMAX?
Large Cap Value against Option Writing.
SCHD has a lower expense ratio. SCHD led over 1Y, YMAX over the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 47.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | YMAX |
|---|---|---|
| Expense Ratio | 0.06%Best | 1.33% |
| AUM | $112.1B | $378M |
| Dividend Yield | 3.00% | 70.90% |
| Holdings | 103 | 28 |
| YTD Return | +21.99%Best | +8.73% |
| 1Y Return | +25.92%Best | +1.02% |
| 3Y Return (annualized) | +15.66% | - |
| 5Y Return (annualized) | +9.48% | - |
| Volatility (annualized) | 13.3%Best | 20.1% |
| Max Drawdown | -16.1%Best | -26.1% |
| $10,000 over 2.7 years | $14,571 | $14,711Best |
| Top 10 Weight | 41.8%Best | 47.7% |
| Fund Family | Charles Schwab Asset Management | YieldMax ETF |
| Category | Equity | Alternative |
| Style | Large Cap Value | Option Writing |
| Inception | Oct 20, 2011 | Jan 16, 2024 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 17, 2024 to Sep 23, 2026 (2.7 years).
SCHD vs YMAX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
SCHD vs YMAX Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and YieldMax Universe Fund of Option Income ETF (YMAX) is an ETF from YieldMax ETF. Over the past year SCHD returned +25.92% while YMAX returned +1.02%. Year to date, SCHD is up 21.99% versus a gain of 8.73% for YMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YMAX has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 13.3% 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 -16.1% for SCHD and -26.1% for YMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.09. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while YMAX charges 1.33%. On a $10,000 position that is $6 vs $133 annually, a gap of $127 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 70.90% for YMAX.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 29 in YMAX, totalling 100.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 29 in YMAX, against full books of 103 and 28.
What only one of them owns
Measured across the 100 and 29 positions we hold weights for.
SCHD holds 99 positions YMAX does not, 99.9% of the fund.
Largest: MRK 4.77%, AMGN 4.70%, ABT 4.69%, KO 4.17%, CVX 4.02%
You are not choosing between two funds in isolation.
Whichever of SCHD and YMAX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or YMAX?
SCHD has an expense ratio of 0.06% while YMAX charges 1.33%. SCHD is the cheaper option, by $127 a year on a $10,000 investment.
Which performed better, SCHD or YMAX?
Over the past year SCHD returned +25.92% vs +1.02% for YMAX, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or YMAX?
YMAX has been the more volatile fund at 20.1% annualized versus 13.3% for SCHD. Worst drawdown: SCHD -16.1% vs YMAX -26.1%.
Should I hold both SCHD and YMAX?
SCHD and YMAX have a monthly-return correlation of 0.09, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or YMAX?
SCHD yields 3.00% while YMAX yields 70.90%, so YMAX currently pays the higher dividend yield.
Is YMAX better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, YMAX over the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 47.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.