DJIA vs. SCHD

Last updated Jun 24, 2026

DJIA (Global X Dow 30 Covered Call ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - DJIA is a Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 3 years, DJIA returned 10.52%/yr vs 14.60%/yr for SCHD. A 0.58 correlation means they provide meaningful diversification when combined. DJIA charges 0.60%/yr vs 0.06%/yr for SCHD.

Performance

DJIA vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) 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, DJIA achieves a 3.73% return, which is significantly lower than SCHD's 17.72% return.

DJIA

• 1D: -0.08%
• 1M: 1.09%
• YTD: 3.73%
• 6M: 3.18%
• 1Y: 14.11%
• 3Y*: 10.52%
• 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)

DJIA vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DJIA Global X Dow 30 Covered Call ETF	3.73%	9.11%	14.52%	9.15%	-1.07%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	3.34%

Correlation

The correlation between DJIA and SCHD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.58

Over the past year, the correlation between DJIA and SCHD has dropped to 0.35 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

DJIA vs. SCHD - Sectors Allocation Comparison

Sectors	DJIA	SCHD
Financial Services	27.3%	9.1%
Technology	19.1%	19.4%
Industrials	18.1%	7.4%
Healthcare	12.8%	18.4%
Consumer Cyclical	11.0%	6.7%
Consumer Defensive	4.1%	18.5%
Basic Materials	3.7%	1.2%
Energy	2.2%	14.6%
Communication Services	1.8%	6.0%
Real Estate	-	-
Utilities	-	0.0%

Return for Risk

DJIA vs. SCHD — Risk / Return Rank

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

DJIA

DJIA Risk / Return Rank: 56
DJIA Sharpe Ratio Rank: 60
DJIA Sortino Ratio Rank: 62
DJIA Omega Ratio Rank: 71
DJIA Calmar Ratio Rank: 39
DJIA Martin Ratio Rank: 45

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.

DJIA vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) 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.

	DJIA	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.23	-0.31
Sortino ratio: Return per unit of downside risk	2.76	3.40	-0.64
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	1.93	5.35	-3.42
Martin ratio: Return relative to average drawdown	7.19	12.94	-5.75

DJIA vs. SCHD - Sharpe Ratio Comparison

The current DJIA Sharpe Ratio is 1.92, which is comparable to the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of DJIA 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

DJIA vs. SCHD - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DJIA and SCHD.

Drawdown Indicators

	DJIA	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-33.37%	+16.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-4.61%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-16.13%	+4.04%
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	-0.37%	-2.47%	+2.10%
Average Drawdown Average peak-to-trough decline	-3.55%	-3.31%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.90%	+0.07%

Volatility

DJIA vs. SCHD - Volatility Comparison

The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 1.37%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that DJIA 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

	DJIA	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	3.58%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	7.73%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	11.07%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	14.36%	-3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	16.71%	-5.54%

DJIA vs. SCHD - Expense Ratio Comparison

DJIA has a 0.60% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

DJIA vs. SCHD - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 10.77%, more than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJIA Global X Dow 30 Covered Call ETF	10.77%	10.60%	11.44%	7.16%	9.18%	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 DJIA and SCHD in my portfolio?

DJIA and SCHD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJIA or SCHD?

SCHD has higher volatility (3.58%) compared to DJIA (1.37%). In terms of maximum drawdown, DJIA dropped -16.91% vs SCHD's -33.37%.

Which ETF is better, DJIA or SCHD?

On 3-year performance, SCHD leads with 14.60% vs 10.52% for DJIA. On fees, SCHD is cheaper at 0.06% per year. On volatility, DJIA has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJIA or SCHD?

Over the 3-year period, SCHD has performed better with a 14.60% return vs 10.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJIA or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.60% for DJIA.

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

DJIA has the higher dividend yield at 10.77%, compared with 3.30% for SCHD.

What is the main difference between DJIA and SCHD?

DJIA is categorized as Derivative Income, while SCHD is Dividend. DJIA tracks DJIA Cboe BuyWrite v2 Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.60% for DJIA and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 vs 1.92), 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.