PSQA vs SCHD
PSQA vs SCHD
Palmer Square CLO Senior Debt ETF 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 | PSQA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.06% | |
| AUM | $147M | $103.7B | |
| Dividend Yield | 4.77% | 3.31% | |
| Holdings | 90 | 104 | |
| YTD Return | +3.14% | +23.53% | |
| 1Y Return | +5.61% | +30.95% | |
| 3Y Return (annualized) | - | +14.72% | |
| 5Y Return (annualized) | - | +9.56% | |
| Volatility (annualized) | 1.2% | 13.6% | |
| Max Drawdown | -1.3% | -33.4% | |
| Fund Family | Palmer Square Capital Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 11, 2024 | Oct 20, 2011 |
PSQA vs SCHD Performance
Palmer Square CLO Senior Debt ETF (PSQA) is a ETF from Palmer Square Capital Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PSQA returned +5.61% while SCHD returned +30.95%. Year to date, PSQA is up 3.14% versus a gain of 23.53% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.2% for PSQA. 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 -1.3% for PSQA 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
PSQA charges 0.21% per year while SCHD charges 0.06%. On a $10,000 position that is $21 vs $6 annually, a gap of $15 per year that compounds over a long holding period. On income, PSQA currently yields 4.77% against 3.31% for SCHD.
Holdings Overlap
PSQA and SCHD share 0 holdings out of 117 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, PSQA or SCHD?
PSQA has an expense ratio of 0.21% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, PSQA or SCHD?
Over the past year PSQA returned +5.61% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PSQA annualized +5.74% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSQA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.2% for PSQA. Worst drawdown: PSQA -1.3% vs SCHD -33.4%.
Should I hold both PSQA and SCHD?
PSQA 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 PSQA and SCHD?
PSQA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, PSQA or SCHD?
PSQA yields 4.77% while SCHD yields 3.31%, so PSQA currently pays the higher dividend yield.
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