SCHD vs ULTI
Schwab US Dividend Equity ETF vs REX IncomeMax Option Strategy ETF
Which is better, SCHD or ULTI?
Large Cap Value against Option Writing.
SCHD has a lower expense ratio. SCHD led over 1Y.
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 | SCHD | ULTI |
|---|---|---|
| Expense Ratio | 0.06%Best | 1.32% |
| AUM | $111.6B | $17M |
| Dividend Yield | 3.24% | 127.23% |
| Holdings | 206 | 92 |
| YTD Return | +24.55%Best | -37.04% |
| 1Y Return | +29.85%Best | -58.91% |
| 3Y Return (annualized) | +16.64% | - |
| 5Y Return (annualized) | +9.54% | - |
| Volatility (annualized) | 14.6%Best | 60.3% |
| Fund Family | Charles Schwab Asset Management | REX Shares |
| Category | Equity | Alternative |
| Style | Large Cap Value | Option Writing |
| Inception | Oct 20, 2011 | Oct 31, 2025 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
SCHD vs ULTI 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SCHD vs ULTI Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and REX IncomeMax Option Strategy ETF (ULTI) is an ETF from REX Shares. Over the past year SCHD returned +29.85% while ULTI returned -58.91%. Year to date, SCHD is up 24.55% versus a loss of 37.04% for ULTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ULTI has been the more volatile fund, with annualized monthly volatility of 60.3% compared with 14.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.08. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while ULTI charges 1.32%. On a $10,000 position that is $6 vs $132 annually, a gap of $126 per year that compounds over a long holding period. On income, SCHD currently yields 3.24% against 127.23% for ULTI.
Holdings Overlap
We hold position weights for 98 holdings in SCHD and 86 in ULTI, totalling 99.8% and 94.4% 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 98 positions we hold weights for in SCHD and 86 in ULTI, against full books of 206 and 92.
You are not choosing between two funds in isolation.
Whichever of SCHD and ULTI 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, SCHD or ULTI?
SCHD has an expense ratio of 0.06% while ULTI charges 1.32%. SCHD is the cheaper option, by $126 a year on a $10,000 investment.
Which performed better, SCHD or ULTI?
Over the past year SCHD returned +29.85% vs -58.91% for ULTI, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or ULTI?
ULTI has been the more volatile fund at 60.3% annualized versus 14.6% for SCHD.
Should I hold both SCHD and ULTI?
SCHD and ULTI have a monthly-return correlation of -0.08, 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, SCHD or ULTI?
SCHD yields 3.24% while ULTI yields 127.23%, so ULTI currently pays the higher dividend yield.
Is ULTI better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.