DIVY vs. SCHD

Last updated Jun 24, 2026

DIVY (Tidal ETF Trust - Sound Equity Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - DIVY is a Mid Cap Value Equities fund actively managed by Sound Income Strategies, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. DIVY is actively managed, while SCHD is passively managed. Over the past year, DIVY returned 17.93% vs 24.56% for SCHD. Their correlation of 0.85 suggests significant overlap in exposure. DIVY charges 0.45%/yr vs 0.06%/yr for SCHD.

Performance

DIVY vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tidal ETF Trust - Sound Equity Income ETF (DIVY) 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, DIVY achieves a 9.53% return, which is significantly lower than SCHD's 17.72% return.

DIVY

• 1D: 0.67%
• 1M: 0.12%
• YTD: 9.53%
• 6M: 9.75%
• 1Y: 17.93%
• 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)

DIVY vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVY Tidal ETF Trust - Sound Equity Income ETF	9.53%	7.38%	3.51%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	8.06%

Correlation

The correlation between DIVY and SCHD is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024	0.85

The correlation between DIVY and SCHD has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

DIVY vs. SCHD - Sectors Allocation Comparison

Sectors	DIVY	SCHD
Financial Services	24.6%	9.1%
Healthcare	12.5%	18.4%
Energy	12.2%	14.6%
Consumer Cyclical	11.8%	6.7%
Technology	9.9%	19.4%
Communication Services	7.2%	6.0%
Utilities	6.7%	0.0%
Consumer Defensive	6.7%	18.5%
Industrials	5.7%	7.4%
Basic Materials	2.9%	1.2%
Real Estate	-	-

Return for Risk

DIVY vs. SCHD — Risk / Return Rank

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

DIVY

DIVY Risk / Return Rank: 41
DIVY Sharpe Ratio Rank: 42
DIVY Sortino Ratio Rank: 42
DIVY Omega Ratio Rank: 39
DIVY Calmar Ratio Rank: 42
DIVY Martin Ratio Rank: 39

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.

DIVY vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tidal ETF Trust - Sound Equity Income ETF (DIVY) 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.

	DIVY	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.23	-0.84
Sortino ratio: Return per unit of downside risk	2.03	3.40	-1.37
Omega ratio: Gain probability vs. loss probability	1.24	1.40	-0.16
Calmar ratio: Return relative to maximum drawdown	1.99	5.35	-3.36
Martin ratio: Return relative to average drawdown	5.85	12.94	-7.09

DIVY vs. SCHD - Sharpe Ratio Comparison

The current DIVY Sharpe Ratio is 1.39, which is lower than the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of DIVY 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

DIVY vs. SCHD - Drawdown Comparison

The maximum DIVY drawdown since its inception was -18.35%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DIVY and SCHD.

Drawdown Indicators

	DIVY	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-33.37%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-4.61%	-4.45%
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	-2.44%	-2.47%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.26%	-3.31%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	1.90%	+1.17%

Volatility

DIVY vs. SCHD - Volatility Comparison

Tidal ETF Trust - Sound Equity Income ETF (DIVY) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 3.52% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVY	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.58%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	7.73%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	11.07%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	14.36%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.62%	16.71%	-1.09%

DIVY vs. SCHD - Expense Ratio Comparison

DIVY has a 0.45% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

DIVY vs. SCHD - Dividend Comparison

DIVY's dividend yield for the trailing twelve months is around 3.09%, less than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVY Tidal ETF Trust - Sound Equity Income ETF	3.09%	3.68%	2.94%	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 DIVY and SCHD in my portfolio?

DIVY and SCHD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVY or SCHD?

SCHD has higher volatility (3.58%) compared to DIVY (3.52%). In terms of maximum drawdown, DIVY dropped -18.35% vs SCHD's -33.37%.

Which ETF is better, DIVY or SCHD?

On 1-year performance, SCHD leads with 24.56% vs 17.93% for DIVY. On fees, SCHD is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVY or SCHD?

Over the 1-year period, SCHD has performed better with a 24.56% return vs 17.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVY or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.45% for DIVY.

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

SCHD has the higher dividend yield at 3.30%, compared with 3.09% for DIVY.

What is the main difference between DIVY and SCHD?

DIVY is categorized as Mid Cap Value Equities, while SCHD is Dividend. They also come from different issuers: Sound Income Strategies and Charles Schwab. Their fees differ too: 0.45% for DIVY and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 vs 1.39), 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.