PAYR vs SCHD
PAYR vs SCHD
Federated Hermes Enhanced Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PAYR | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.06% | |
| AUM | $57M | $103.7B | |
| Dividend Yield | 6.04% | 3.31% | |
| Holdings | 59 | 104 | |
| YTD Return | +8.70% | +23.53% | |
| 1Y Return | - | +30.95% | |
| 3Y Return (annualized) | - | +14.72% | |
| 5Y Return (annualized) | - | +9.56% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -7.3% | -33.4% | |
| Fund Family | Federated Hermes Funds | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 7, 2025 | Oct 20, 2011 |
PAYR vs SCHD Performance
Federated Hermes Enhanced Income ETF (PAYR) is a ETF from Federated Hermes Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, PAYR is up 8.70% versus a gain of 23.53% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.3% for PAYR and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
PAYR charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, PAYR currently yields 6.04% against 3.31% for SCHD.
Holdings Overlap
PAYR and SCHD share 11 holdings out of 137 unique holdings combined, representing a 14.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PAYR | Weight in SCHD | Difference |
|---|---|---|---|
| PEP | 2.57% | 3.72% | 1.15% |
| MRK | 1.86% | 4.32% | 2.46% |
| VZ | 2.36% | 3.68% | 1.32% |
| AMGN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
| PAYX | Pro | Pro | Pro |
| ADP | Pro | Pro | Pro |
| KMB | Pro | Pro | Pro |
| DRI | Pro | Pro | Pro |
See all 10 holdings PAYR 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, PAYR or SCHD?
PAYR has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
What is the holdings overlap between PAYR and SCHD?
PAYR and SCHD share 11 common holdings with a 14.1% weight overlap. Combined, they hold 137 unique securities.
Which pays a higher dividend, PAYR or SCHD?
PAYR yields 6.04% while SCHD yields 3.31%, so PAYR currently pays the higher dividend yield.
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