DHF vs SCHD
DHF vs SCHD
BNY Mellon High Yield Strategies Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DHF offers more diversification with 217 holdings.
Side-by-Side Comparison
| Metric | DHF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.71% | 0.06% | |
| AUM | $194M | $103.7B | |
| Dividend Yield | 7.75% | 3.31% | |
| Holdings | 318 | 104 | |
| YTD Return | -0.60% | +24.26% | |
| 1Y Return | +0.05% | +31.38% | |
| 3Y Return (annualized) | +10.72% | +15.08% | |
| 5Y Return (annualized) | +1.01% | +9.72% | |
| Volatility (annualized) | 20.1% | 13.6% | |
| Max Drawdown | -89.1% | -33.4% | |
| Fund Family | BNY Mellon Investment Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 29, 1998 | Oct 20, 2011 |
DHF vs SCHD Performance
BNY Mellon High Yield Strategies Fund (DHF) is a ETF from BNY Mellon Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DHF returned +0.05% while SCHD returned +31.38%. Year to date, DHF is down 0.60% versus a gain of 24.26% for SCHD.
Over three years, DHF compounded at +10.72% per year against +15.08% for SCHD; over five years the annualized figures are +1.01% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -4.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHF has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -89.1% for DHF 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DHF charges 1.71% per year while SCHD charges 0.06%. On a $10,000 position that is $171 vs $6 annually, a gap of $165 per year that compounds over a long holding period. On income, DHF currently yields 7.75% against 3.31% for SCHD.
Holdings Overlap
DHF and SCHD share 0 holdings out of 317 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, DHF or SCHD?
DHF has an expense ratio of 1.71% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $165 per year of difference.
Which performed better, DHF or SCHD?
Over the past year DHF returned +0.05% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DHF annualized -4.80% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DHF or SCHD?
DHF has been the more volatile fund at 20.1% annualized versus 13.6% for SCHD. Worst drawdown: DHF -89.1% vs SCHD -33.4%.
Should I hold both DHF and SCHD?
DHF and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DHF and SCHD?
DHF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 317 unique securities.
Which pays a higher dividend, DHF or SCHD?
DHF yields 7.75% while SCHD yields 3.31%, so DHF currently pays the higher dividend yield.
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