CARY vs SCHD
CARY vs SCHD
Angel Oak Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CARY offers more diversification with 263 holdings.
Side-by-Side Comparison
| Metric | CARY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $1.4B | $103.7B | |
| Dividend Yield | 6.28% | 3.31% | |
| Holdings | 1,330 | 104 | |
| YTD Return | +1.60% | +23.02% | |
| 1Y Return | +4.41% | +30.75% | |
| 3Y Return (annualized) | +6.99% | +14.89% | |
| 5Y Return (annualized) | - | +9.38% | |
| Volatility (annualized) | 2.8% | 13.6% | |
| Max Drawdown | -1.7% | -33.4% | |
| Fund Family | Angel Oak Capital Advisors | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2022 | Oct 20, 2011 |
CARY vs SCHD Performance
Angel Oak Income ETF (CARY) 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 CARY returned +4.41% while SCHD returned +30.75%. Year to date, CARY is up 1.60% versus a gain of 23.02% for SCHD.
Over three years, CARY compounded at +6.99% per year against +14.89% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.33% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.8% for CARY. 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 -1.7% for CARY 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CARY charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, CARY currently yields 6.28% against 3.31% for SCHD.
Holdings Overlap
CARY and SCHD share 0 holdings out of 363 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, CARY or SCHD?
CARY has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, CARY or SCHD?
Over the past year CARY returned +4.41% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.98% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, CARY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.8% for CARY. Worst drawdown: CARY -1.7% vs SCHD -33.4%.
Should I hold both CARY and SCHD?
CARY and SCHD have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CARY and SCHD?
CARY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 363 unique securities.
Which pays a higher dividend, CARY or SCHD?
CARY yields 6.28% while SCHD yields 3.31%, so CARY currently pays the higher dividend yield.
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