CZAR vs. SCHD

Last updated Jun 24, 2026

CZAR (Themes Natural Monopoly ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - CZAR is a Large Cap Blend Equities fund tracking the Solactive Natural Monopoly Index - Benchmark TR Gross, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past year, CZAR returned 0.92% vs 24.56% for SCHD. A 0.59 correlation means they provide meaningful diversification when combined. CZAR charges 0.35%/yr vs 0.06%/yr for SCHD.

Performance

CZAR vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Natural Monopoly ETF (CZAR) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CZAR achieves a -3.66% return, which is significantly lower than SCHD's 17.72% return.

CZAR

• 1D: -0.36%
• 1M: -3.86%
• YTD: -3.66%
• 6M: -3.68%
• 1Y: 0.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: 0.41%
• 1M: -2.47%
• YTD: 17.72%
• 6M: 17.25%
• 1Y: 24.56%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 12.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CZAR vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CZAR Themes Natural Monopoly ETF	-3.66%	13.32%	10.92%	3.83%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	3.92%

Correlation

The correlation between CZAR and SCHD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.59

The correlation between CZAR and SCHD shifts across timeframes, from 0.46 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

CZAR vs. SCHD - Sectors Allocation Comparison

Sectors	CZAR	SCHD
Industrials	27.5%	7.4%
Technology	19.6%	19.4%
Financial Services	18.0%	9.1%
Healthcare	8.3%	18.4%
Consumer Cyclical	6.2%	6.7%
Consumer Defensive	5.9%	18.5%
Basic Materials	3.6%	1.2%
Energy	3.5%	14.6%
Utilities	2.7%	0.0%
Communication Services	2.2%	6.0%
Real Estate	-	-

Return for Risk

CZAR vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CZAR

CZAR Risk / Return Rank: 10
CZAR Sharpe Ratio Rank: 10
CZAR Sortino Ratio Rank: 9
CZAR Omega Ratio Rank: 9
CZAR Calmar Ratio Rank: 10
CZAR Martin Ratio Rank: 10

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CZAR vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Natural Monopoly ETF (CZAR) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CZAR	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.08	2.23	-2.15
Sortino ratio: Return per unit of downside risk	0.19	3.40	-3.21
Omega ratio: Gain probability vs. loss probability	1.02	1.40	-0.38
Calmar ratio: Return relative to maximum drawdown	0.10	5.35	-5.25
Martin ratio: Return relative to average drawdown	0.29	12.94	-12.65

CZAR vs. SCHD - Sharpe Ratio Comparison

The current CZAR Sharpe Ratio is 0.08, which is lower than the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of CZAR and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CZAR vs. SCHD - Drawdown Comparison

The maximum CZAR drawdown since its inception was -13.38%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for CZAR and SCHD.

Drawdown Indicators

	CZAR	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-13.38%	-33.37%	+19.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-4.61%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-6.32%	-2.47%	-3.85%
Average Drawdown Average peak-to-trough decline	-2.23%	-3.31%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	1.90%	+1.33%

Volatility

CZAR vs. SCHD - Volatility Comparison

The current volatility for Themes Natural Monopoly ETF (CZAR) is 2.88%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that CZAR experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZAR	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.58%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	7.73%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	11.07%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	14.36%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.98%	16.71%	-1.73%

CZAR vs. SCHD - Expense Ratio Comparison

CZAR has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

CZAR vs. SCHD - Dividend Comparison

CZAR's dividend yield for the trailing twelve months is around 1.53%, less than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CZAR Themes Natural Monopoly ETF	1.53%	1.47%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.30%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both CZAR and SCHD in my portfolio?

CZAR and SCHD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CZAR or SCHD?

SCHD has higher volatility (3.58%) compared to CZAR (2.88%). In terms of maximum drawdown, CZAR dropped -13.38% vs SCHD's -33.37%.

Which ETF is better, CZAR or SCHD?

On 1-year performance, SCHD leads with 24.56% vs 0.92% for CZAR. On fees, SCHD is cheaper at 0.06% per year. On volatility, CZAR has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CZAR or SCHD?

Over the 1-year period, SCHD has performed better with a 24.56% return vs 0.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CZAR or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.35% for CZAR.

Which ETF pays a higher dividend yield, CZAR or SCHD?

SCHD has the higher dividend yield at 3.30%, compared with 1.53% for CZAR.

What is the main difference between CZAR and SCHD?

CZAR is categorized as Large Cap Blend Equities, while SCHD is Dividend. CZAR tracks Solactive Natural Monopoly Index - Benchmark TR Gross, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Themes and Charles Schwab. Their fees differ too: 0.35% for CZAR and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.