AOHY vs SCHD
AOHY vs SCHD
Angel Oak High Yield Opportunities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. AOHY offers more diversification with 122 holdings.
Side-by-Side Comparison
| Metric | AOHY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.06% | |
| AUM | $124M | $103.7B | |
| Dividend Yield | 6.61% | 3.31% | |
| Holdings | 187 | 104 | |
| YTD Return | +2.37% | +24.08% | |
| 1Y Return | +5.19% | +31.88% | |
| 3Y Return (annualized) | - | +14.92% | |
| 5Y Return (annualized) | - | +9.85% | |
| Volatility (annualized) | 3.0% | 13.6% | |
| Max Drawdown | -4.2% | -33.4% | |
| Fund Family | Angel Oak Capital Advisors | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 20, 2024 | Oct 20, 2011 |
AOHY vs SCHD Performance
Angel Oak High Yield Opportunities ETF (AOHY) is a ETF from Angel Oak Capital Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year AOHY returned +5.19% while SCHD returned +31.88%. Year to date, AOHY is up 2.37% versus a gain of 24.08% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.0% for AOHY. 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 -4.2% for AOHY 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AOHY charges 0.56% per year while SCHD charges 0.06%. On a $10,000 position that is $56 vs $6 annually, a gap of $50 per year that compounds over a long holding period. On income, AOHY currently yields 6.61% against 3.31% for SCHD.
Holdings Overlap
AOHY and SCHD share 0 holdings out of 222 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, AOHY or SCHD?
AOHY has an expense ratio of 0.56% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, AOHY or SCHD?
Over the past year AOHY returned +5.19% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), AOHY annualized +7.20% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, AOHY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.0% for AOHY. Worst drawdown: AOHY -4.2% vs SCHD -33.4%.
Should I hold both AOHY and SCHD?
AOHY and SCHD have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOHY and SCHD?
AOHY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 222 unique securities.
Which pays a higher dividend, AOHY or SCHD?
AOHY yields 6.61% while SCHD yields 3.31%, so AOHY currently pays the higher dividend yield.
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