PVEX vs SCHD
PVEX vs SCHD
TrueShares ConVex Protect 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 | PVEX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $55M | $103.7B | |
| Dividend Yield | 0.07% | 3.31% | |
| Holdings | 31 | 104 | |
| YTD Return | +10.45% | +23.53% | |
| 1Y Return | +20.99% | +30.95% | |
| 3Y Return (annualized) | - | +14.72% | |
| 5Y Return (annualized) | - | +9.56% | |
| Volatility (annualized) | 11.7% | 13.6% | |
| Max Drawdown | -7.8% | -33.4% | |
| Fund Family | TrueShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 27, 2025 | Oct 20, 2011 |
PVEX vs SCHD Performance
TrueShares ConVex Protect ETF (PVEX) is a ETF from TrueShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PVEX returned +20.99% while SCHD returned +30.95%. Year to date, PVEX is up 10.45% 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 11.7% for PVEX. 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 -7.8% for PVEX 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 -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PVEX charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, PVEX currently yields 0.07% against 3.31% for SCHD.
Holdings Overlap
PVEX and SCHD share 0 holdings out of 111 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, PVEX or SCHD?
PVEX has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, PVEX or SCHD?
Over the past year PVEX returned +20.99% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), PVEX annualized +22.73% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, PVEX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.7% for PVEX. Worst drawdown: PVEX -7.8% vs SCHD -33.4%.
Should I hold both PVEX and SCHD?
PVEX and SCHD have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PVEX and SCHD?
PVEX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 111 unique securities.
Which pays a higher dividend, PVEX or SCHD?
PVEX yields 0.07% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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