DIVE vs. SCHD

Last updated Jun 25, 2026

DIVE (Dana Concentrated Dividend ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds. DIVE is actively managed, while SCHD is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. DIVE charges 0.65%/yr vs 0.06%/yr for SCHD.

Performance

DIVE vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dana Concentrated Dividend ETF (DIVE) 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, DIVE achieves a 0.47% return, which is significantly lower than SCHD's 16.62% return.

DIVE

• 1D: 0.74%
• 1M: -1.03%
• YTD: 0.47%
• 6M: -0.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: -0.94%
• 1M: -3.38%
• YTD: 16.62%
• 6M: 15.65%
• 1Y: 23.21%
• 3Y*: 14.25%
• 5Y*: 8.36%
• 10Y*: 12.62%

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

DIVE vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025
DIVE Dana Concentrated Dividend ETF	0.47%	1.94%
SCHD Schwab U.S. Dividend Equity ETF	16.62%	2.33%

Correlation

The correlation between DIVE and SCHD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.66

Return for Risk

DIVE vs. SCHD — Risk / Return Rank

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

DIVE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 73
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 73

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.

DIVE vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dana Concentrated Dividend ETF (DIVE) 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.

	DIVE	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.10	—
Sortino ratio: Return per unit of downside risk	—	3.20	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	5.05	—
Martin ratio: Return relative to average drawdown	—	12.16	—

Drawdowns

DIVE vs. SCHD - Drawdown Comparison

The maximum DIVE drawdown since its inception was -11.45%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DIVE and SCHD.

Drawdown Indicators

	DIVE	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-11.45%	-33.37%	+21.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.61%	—
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	-4.27%	-3.38%	-0.89%
Average Drawdown Average peak-to-trough decline	-3.15%	-3.31%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	DIVE	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	11.12%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	14.36%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.00%	16.71%	-3.71%

DIVE vs. SCHD - Expense Ratio Comparison

DIVE has a 0.65% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

DIVE vs. SCHD - Dividend Comparison

DIVE's dividend yield for the trailing twelve months is around 0.98%, less than SCHD's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVE Dana Concentrated Dividend ETF	0.98%	0.66%	0.00%	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	3.33%	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 DIVE and SCHD in my portfolio?

DIVE and SCHD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIVE or SCHD?

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIVE or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.65% for DIVE.

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

SCHD has the higher dividend yield at 3.33%, compared with 0.98% for DIVE.

What is the main difference between DIVE and SCHD?

They also come from different issuers: Dana and Charles Schwab. Their fees differ too: 0.65% for DIVE and 0.06% for SCHD.