OPP vs SCHD
OPP vs SCHD
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | OPP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 5.40% | 0.06% | |
| AUM | $206M | $103.7B | |
| Dividend Yield | 13.33% | 3.31% | |
| Holdings | 10,170 | 104 | |
| YTD Return | +4.19% | +24.08% | |
| 1Y Return | -0.93% | +31.88% | |
| 3Y Return (annualized) | +9.13% | +14.92% | |
| 5Y Return (annualized) | -1.28% | +9.85% | |
| Volatility (annualized) | 13.1% | 13.6% | |
| Max Drawdown | -45.9% | -33.4% | |
| Fund Family | RiverNorth | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 27, 2016 | Oct 20, 2011 |
OPP vs SCHD Performance
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. (OPP) is a ETF from RiverNorth and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OPP returned -0.93% while SCHD returned +31.88%. Year to date, OPP is up 4.19% versus a gain of 24.08% for SCHD.
Over three years, OPP compounded at +9.13% per year against +14.92% for SCHD; over five years the annualized figures are -1.28% and +9.85% respectively. Across the full 10-year window we track, SCHD has the edge at +11.39% annualized vs -2.20%. 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 13.1% for OPP. 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 -45.9% for OPP 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPP charges 5.40% per year while SCHD charges 0.06%. On a $10,000 position that is $540 vs $6 annually, a gap of $534 per year that compounds over a long holding period. On income, OPP currently yields 13.33% against 3.31% for SCHD.
Holdings Overlap
OPP and SCHD share 0 holdings out of 165 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, OPP or SCHD?
OPP has an expense ratio of 5.40% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $534 per year of difference.
Which performed better, OPP or SCHD?
Over the past year OPP returned -0.93% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), OPP annualized -2.20% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, OPP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.1% for OPP. Worst drawdown: OPP -45.9% vs SCHD -33.4%.
Should I hold both OPP and SCHD?
OPP and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPP and SCHD?
OPP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, OPP or SCHD?
OPP yields 13.33% while SCHD yields 3.31%, so OPP currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.