IQHI vs. SCHD

Last updated Apr 2, 2026

Compare and contrast key facts about IQ MacKay ESG High Income ETF (IQHI) and Schwab U.S. Dividend Equity ETF (SCHD).

IQHI and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQHI is an actively managed fund by IndexIQ. It was launched on Oct 24, 2022. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.

Performance

IQHI vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ MacKay ESG High Income ETF (IQHI) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

IQHI vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IQHI IQ MacKay ESG High Income ETF	0.04%	8.59%	6.98%	12.40%	2.78%
SCHD Schwab U.S. Dividend Equity ETF	12.17%	4.34%	11.66%	4.54%	5.80%

Returns By Period

In the year-to-date period, IQHI achieves a 0.04% return, which is significantly lower than SCHD's 12.17% return.

IQHI

• 1D: 0.33%
• 1M: -0.72%
• YTD: 0.04%
• 6M: 1.17%
• 1Y: 7.38%
• 3Y*: 7.86%
• 5Y*: —
• 10Y*: —

SCHD

• 1D: -0.55%
• 1M: -3.43%
• YTD: 12.17%
• 6M: 12.91%
• 1Y: 13.70%
• 3Y*: 11.84%
• 5Y*: 8.32%
• 10Y*: 12.25%

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

IQHI vs. SCHD - Expense Ratio Comparison

IQHI has a 0.40% expense ratio, which is higher than SCHD's 0.06% expense ratio.

IQHI

IQ MacKay ESG High Income ETF

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

IQHI vs. SCHD — Risk / Return Rank

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

IQHI

IQHI Risk / Return Rank: 83
IQHI Sharpe Ratio Rank: 83
IQHI Sortino Ratio Rank: 86
IQHI Omega Ratio Rank: 82
IQHI Calmar Ratio Rank: 80
IQHI Martin Ratio Rank: 83

SCHD

SCHD Risk / Return Rank: 43
SCHD Sharpe Ratio Rank: 46
SCHD Sortino Ratio Rank: 46
SCHD Omega Ratio Rank: 46
SCHD Calmar Ratio Rank: 39
SCHD Martin Ratio Rank: 38

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.

IQHI vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ MacKay ESG High Income ETF (IQHI) 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.

	IQHI	SCHD	Difference
Sharpe ratio Return per unit of total volatility	1.67	0.88	+0.79
Sortino ratio Return per unit of downside risk	2.43	1.32	+1.11
Omega ratio Gain probability vs. loss probability	1.33	1.19	+0.15
Calmar ratio Return relative to maximum drawdown	2.40	1.05	+1.35
Martin ratio Return relative to average drawdown	10.02	3.55	+6.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQHI vs. SCHD - Sharpe Ratio Comparison

The current IQHI Sharpe Ratio is 1.67, which is higher than the SCHD Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of IQHI and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IQHI	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	0.88	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.84	0.84	+1.00

Correlation

The correlation between IQHI and SCHD is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IQHI vs. SCHD - Dividend Comparison

IQHI's dividend yield for the trailing twelve months is around 7.74%, more than SCHD's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQHI IQ MacKay ESG High Income ETF	7.74%	7.88%	8.83%	6.92%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.46%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Drawdowns

IQHI vs. SCHD - Drawdown Comparison

The maximum IQHI drawdown since its inception was -4.19%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IQHI and SCHD.

Drawdown Indicators

	IQHI	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-4.19%	-33.37%	+29.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-12.74%	+9.69%
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	-1.23%	-3.43%	+2.20%
Average Drawdown Average peak-to-trough decline	-0.64%	-3.34%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	3.75%	-3.02%

Volatility

IQHI vs. SCHD - Volatility Comparison

The current volatility for IQ MacKay ESG High Income ETF (IQHI) is 1.52%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.33%. This indicates that IQHI 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

	IQHI	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	2.33%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	7.96%	-5.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.43%	15.69%	-11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.90%	14.40%	-9.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.90%	16.70%	-11.80%