AHYB vs SCHD
AHYB vs SCHD
American Century Select High Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. AHYB offers more diversification with 444 holdings.
Side-by-Side Comparison
| Metric | AHYB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.06% | |
| AUM | $62M | $103.7B | |
| Dividend Yield | 5.99% | 3.31% | |
| Holdings | 609 | 104 | |
| YTD Return | +1.19% | +22.69% | |
| 1Y Return | +4.84% | +30.94% | |
| 3Y Return (annualized) | +7.38% | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 7.5% | 13.7% | |
| Max Drawdown | -14.8% | -33.4% | |
| Fund Family | American Century Investments | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 16, 2021 | Oct 20, 2011 |
AHYB vs SCHD Performance
American Century Select High Yield ETF (AHYB) is a ETF from American Century Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year AHYB returned +4.84% while SCHD returned +30.94%. Year to date, AHYB is up 1.19% versus a gain of 22.69% for SCHD.
Over three years, AHYB compounded at +7.38% per year against +14.20% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.31% annualized vs +3.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 7.5% for AHYB. 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 -14.8% for AHYB and -33.4% for SCHD. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AHYB charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, AHYB currently yields 5.99% against 3.31% for SCHD.
Holdings Overlap
AHYB and SCHD share 0 holdings out of 544 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, AHYB or SCHD?
AHYB has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, AHYB or SCHD?
Over the past year AHYB returned +4.84% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), AHYB annualized +3.65% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, AHYB or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 7.5% for AHYB. Worst drawdown: AHYB -14.8% vs SCHD -33.4%.
Should I hold both AHYB and SCHD?
AHYB and SCHD have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AHYB and SCHD?
AHYB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, AHYB or SCHD?
AHYB yields 5.99% while SCHD yields 3.31%, so AHYB currently pays the higher dividend yield.
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