SCHD vs SECR
SCHD vs SECR
Schwab US Dividend Equity ETF vs NYLI MacKay Securitized Income ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | SCHD | SECR | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.28% | |
| AUM | $103.7B | $165M | |
| Dividend Yield | 3.31% | 6.81% | |
| Holdings | 104 | 452 | |
| YTD Return | +23.02% | +0.36% | |
| 1Y Return | +30.75% | +2.44% | |
| 3Y Return (annualized) | +14.89% | - | |
| 5Y Return (annualized) | +9.38% | - | |
| Volatility (annualized) | 13.6% | 4.4% | |
| Max Drawdown | -33.4% | -4.7% | |
| Fund Family | Charles Schwab Asset Management | New York Life Investment Management LLC | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | May 31, 2024 |
SCHD vs SECR Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and NYLI MacKay Securitized Income ETF (SECR) is a ETF from New York Life Investment Management LLC. Over the past year SCHD returned +30.75% while SECR returned +2.44%. Year to date, SCHD is up 23.02% versus a gain of 0.36% for SECR.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.4% for SECR. 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 -33.4% for SCHD and -4.7% for SECR. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SECR charges 0.28%. On a $10,000 position that is $6 vs $28 annually, a gap of $22 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 6.81% for SECR.
Holdings Overlap
SCHD and SECR share 0 holdings out of 200 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, SCHD or SECR?
SCHD has an expense ratio of 0.06% while SECR charges 0.28%. SCHD is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, SCHD or SECR?
Over the past year SCHD returned +30.75% vs +2.44% for SECR, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.33% vs +5.49% for SECR. Past performance does not guarantee future results.
Which is riskier, SCHD or SECR?
SCHD has been the more volatile fund at 13.6% annualized versus 4.4% for SECR. Worst drawdown: SCHD -33.4% vs SECR -4.7%.
Should I hold both SCHD and SECR?
SCHD and SECR have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SECR?
SCHD and SECR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 200 unique securities.
Which pays a higher dividend, SCHD or SECR?
SCHD yields 3.31% while SECR yields 6.81%, so SECR currently pays the higher dividend yield.
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