HYHG vs SCHD
ProShares High Yield-Interest Rate Hedged ETF vs Schwab US Dividend Equity ETF
Which is better, HYHG or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HYHG | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $280M | $111.6B |
| Dividend Yield | 6.72% | 3.24% |
| Holdings | 495 | 206 |
| YTD Return | -1.77% | +24.55%Best |
| 1Y Return | -0.45% | +29.85%Best |
| 3Y Return (annualized) | +6.45% | +16.64%Best |
| 5Y Return (annualized) | +5.46% | +9.54%Best |
| Volatility (annualized) | 7.3%Best | 14.3% |
| Max Drawdown | -25.7%Best | -33.4% |
| $10,000 over 5 years | $13,045 | $15,771Best |
| Fund Family | ProShares | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Value |
| Inception | May 21, 2013 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 23, 2013 to Oct 14, 2026 (13.4 years).
HYHG vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.4 years both funds cover.
HYHG vs SCHD Performance
ProShares High Yield-Interest Rate Hedged ETF (HYHG) is an ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year HYHG returned -0.45% while SCHD returned +29.85%. Year to date, HYHG is down 1.77% versus a gain of 24.55% for SCHD.
Over three years, HYHG compounded at +6.45% per year against +16.64% for SCHD; over five years the annualized figures are +5.46% and +9.54% respectively. Across the full 13-year window we track, SCHD has the edge at +10.18% annualized vs +3.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 7.3% for HYHG. 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 -25.7% for HYHG and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HYHG charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, HYHG currently yields 6.72% against 3.24% for SCHD.
Holdings Overlap
We hold position weights for 29 holdings in HYHG and 98 in SCHD, totalling 14.1% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 29 positions we hold weights for in HYHG and 98 in SCHD, against full books of 495 and 206.
You are not choosing between two funds in isolation.
Whichever of HYHG and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HYHG or SCHD?
HYHG has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, HYHG or SCHD?
Over the past year HYHG returned -0.45% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), HYHG annualized +3.62% vs +10.18% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYHG or SCHD?
SCHD has been the more volatile fund at 14.3% annualized versus 7.3% for HYHG. Worst drawdown: HYHG -25.7% vs SCHD -33.4%.
Should I hold both HYHG and SCHD?
HYHG and SCHD have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYHG or SCHD?
HYHG yields 6.72% while SCHD yields 3.24%, so HYHG currently pays the higher dividend yield.
Is SCHD better than HYHG?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.