EVHY vs SCHD
EVHY vs SCHD
Eaton Vance High Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EVHY offers more diversification with 225 holdings.
Side-by-Side Comparison
| Metric | EVHY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.06% | |
| AUM | $23M | $103.7B | |
| Dividend Yield | 7.12% | 3.31% | |
| Holdings | 294 | 104 | |
| YTD Return | +1.64% | +22.69% | |
| 1Y Return | +5.47% | +30.94% | |
| 3Y Return (annualized) | - | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 3.9% | 13.7% | |
| Max Drawdown | -3.7% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2023 | Oct 20, 2011 |
EVHY vs SCHD Performance
Eaton Vance High Yield ETF (EVHY) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EVHY returned +5.47% while SCHD returned +30.94%. Year to date, EVHY is up 1.64% versus a gain of 22.69% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 3.9% for EVHY. 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 -3.7% for EVHY 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVHY charges 0.48% per year while SCHD charges 0.06%. On a $10,000 position that is $48 vs $6 annually, a gap of $42 per year that compounds over a long holding period. On income, EVHY currently yields 7.12% against 3.31% for SCHD.
Holdings Overlap
EVHY and SCHD share 0 holdings out of 325 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, EVHY or SCHD?
EVHY has an expense ratio of 0.48% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, EVHY or SCHD?
Over the past year EVHY returned +5.47% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), EVHY annualized +9.22% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVHY or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 3.9% for EVHY. Worst drawdown: EVHY -3.7% vs SCHD -33.4%.
Should I hold both EVHY and SCHD?
EVHY and SCHD have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVHY and SCHD?
EVHY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 325 unique securities.
Which pays a higher dividend, EVHY or SCHD?
EVHY yields 7.12% while SCHD yields 3.31%, so EVHY currently pays the higher dividend yield.
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