ISPY vs SCHD
ISPY vs SCHD
ProShares S&P 500 High Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ISPY offers more diversification with 504 holdings.
Side-by-Side Comparison
| Metric | ISPY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.06% | |
| AUM | $1.2B | $103.7B | |
| Dividend Yield | 4.45% | 3.31% | |
| Holdings | 512 | 104 | |
| YTD Return | +6.32% | +23.53% | |
| 1Y Return | +14.44% | +30.95% | |
| 3Y Return (annualized) | - | +14.72% | |
| 5Y Return (annualized) | - | +9.56% | |
| Volatility (annualized) | 15.5% | 13.6% | |
| Max Drawdown | -18.4% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 18, 2023 | Oct 20, 2011 |
ISPY vs SCHD Performance
ProShares S&P 500 High Income ETF (ISPY) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ISPY returned +14.44% while SCHD returned +30.95%. Year to date, ISPY is up 6.32% versus a gain of 23.53% for SCHD.
Risk: Volatility and Drawdowns
ISPY has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -18.4% for ISPY 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ISPY 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, ISPY currently yields 4.45% against 3.31% for SCHD.
Holdings Overlap
ISPY and SCHD share 44 holdings out of 560 unique holdings combined, representing a 5.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ISPY | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.50% | 4.54% | 4.04% |
| MRK | 0.41% | 4.32% | 3.91% |
| ABT | 0.22% | 4.49% | 4.27% |
| HD | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings ISPY shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ISPY or SCHD?
ISPY 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, ISPY or SCHD?
Over the past year ISPY returned +14.44% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), ISPY annualized +7.95% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, ISPY or SCHD?
ISPY has been the more volatile fund at 15.5% annualized versus 13.6% for SCHD. Worst drawdown: ISPY -18.4% vs SCHD -33.4%.
Should I hold both ISPY and SCHD?
ISPY and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ISPY and SCHD?
ISPY and SCHD share 44 common holdings with a 5.9% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, ISPY or SCHD?
ISPY yields 4.45% while SCHD yields 3.31%, so ISPY currently pays the higher dividend yield.
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