FDHY vs. SCHD
FDHY (Fidelity High Yield Factor ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - FDHY is a High Yield Bonds fund actively managed by Fidelity, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. FDHY is actively managed, while SCHD is passively managed. Over the past 5 years, FDHY returned 3.89%/yr vs 8.71%/yr for SCHD. A 0.53 correlation means they provide meaningful diversification when combined. FDHY charges 0.45%/yr vs 0.06%/yr for SCHD.
Performance
FDHY vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, FDHY achieves a 2.43% return, which is significantly lower than SCHD's 17.72% return.
FDHY
- 1D
- -0.02%
- 1M
- 0.59%
- YTD
- 2.43%
- 6M
- 2.90%
- 1Y
- 7.74%
- 3Y*
- 9.11%
- 5Y*
- 3.89%
- 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%
FDHY vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 2.43% | 9.24% | 7.53% | 11.14% | -11.30% | 4.33% | 10.71% | 16.87% | -2.35% |
SCHD Schwab U.S. Dividend Equity ETF | 17.72% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.25% |
Correlation
The correlation between FDHY and SCHD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.53 |
Over the past year, the correlation between FDHY and SCHD has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
FDHY vs. SCHD — Risk / Return Rank
FDHY
SCHD
FDHY vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Yield Factor ETF (FDHY) 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.
| FDHY | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 5.35 | -1.69 |
| Martin ratioReturn relative to average drawdown | 15.38 | 12.94 | +2.44 |
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Drawdowns
FDHY vs. SCHD - Drawdown Comparison
The maximum FDHY drawdown since its inception was -20.01%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FDHY and SCHD.
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Drawdown Indicators
| FDHY | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.01% | -33.37% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -4.61% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -16.13% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -16.85% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -0.20% | -2.47% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -3.31% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.90% | -1.40% |
Volatility
FDHY vs. SCHD - Volatility Comparison
The current volatility for Fidelity High Yield Factor ETF (FDHY) is 0.82%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that FDHY 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.
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Volatility by Period
| FDHY | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 3.58% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 7.73% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 11.07% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 14.36% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 16.71% | -8.69% |
FDHY vs. SCHD - Expense Ratio Comparison
FDHY has a 0.45% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
FDHY vs. SCHD - Dividend Comparison
FDHY's dividend yield for the trailing twelve months is around 6.51%, more than SCHD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.51% | 6.56% | 6.58% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 2.55% | 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
FDHY and SCHD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHD has higher volatility (3.58%) compared to FDHY (0.82%). In terms of maximum drawdown, FDHY dropped -20.01% vs SCHD's -33.37%.
On 5-year performance, SCHD leads with 8.71% vs 3.89% for FDHY. On fees, SCHD is cheaper at 0.06% per year. On volatility, FDHY has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHD has performed better with a 8.71% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.45% for FDHY.
FDHY has the higher dividend yield at 6.51%, compared with 3.30% for SCHD.
FDHY is categorized as High Yield Bonds, while SCHD is Dividend. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.45% for FDHY and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.23 vs 2.18), 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.
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