SCHD vs SIHY
SCHD vs SIHY
Schwab US Dividend Equity ETF vs Harbor Ares Systematic High Yield ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SIHY offers more diversification with 216 holdings.
Side-by-Side Comparison
| Metric | SCHD | SIHY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.48% | |
| AUM | $103.7B | $149M | |
| Dividend Yield | 3.31% | 7.22% | |
| Holdings | 104 | 247 | |
| YTD Return | +24.08% | +1.86% | |
| 1Y Return | +31.88% | +5.68% | |
| 3Y Return (annualized) | +14.92% | +8.73% | |
| 5Y Return (annualized) | +9.85% | +4.71% | |
| Volatility (annualized) | 13.6% | 7.3% | |
| Max Drawdown | -33.4% | -13.3% | |
| Fund Family | Charles Schwab Asset Management | Harbor Funds | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Sep 14, 2021 |
SCHD vs SIHY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Harbor Ares Systematic High Yield ETF (SIHY) is a ETF from Harbor Funds. Over the past year SCHD returned +31.88% while SIHY returned +5.68%. Year to date, SCHD is up 24.08% versus a gain of 1.86% for SIHY.
Over three years, SCHD compounded at +14.92% per year against +8.73% for SIHY; over five years the annualized figures are +9.85% and +4.71% respectively. Across the full 5-year window we track, SCHD has the edge at +11.39% annualized vs +4.71%. 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 7.3% for SIHY. 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 -13.3% for SIHY. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SIHY charges 0.48%. On a $10,000 position that is $6 vs $48 annually, a gap of $42 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.22% for SIHY.
Holdings Overlap
SCHD and SIHY share 0 holdings out of 316 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 SIHY?
SCHD has an expense ratio of 0.06% while SIHY charges 0.48%. SCHD is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, SCHD or SIHY?
Over the past year SCHD returned +31.88% vs +5.68% for SIHY, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.39% vs +4.71% for SIHY. Past performance does not guarantee future results.
Which is riskier, SCHD or SIHY?
SCHD has been the more volatile fund at 13.6% annualized versus 7.3% for SIHY. Worst drawdown: SCHD -33.4% vs SIHY -13.3%.
Should I hold both SCHD and SIHY?
SCHD and SIHY have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SIHY?
SCHD and SIHY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 316 unique securities.
Which pays a higher dividend, SCHD or SIHY?
SCHD yields 3.31% while SIHY yields 7.22%, so SIHY currently pays the higher dividend yield.
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