ISPY vs. SCHD
Compare and contrast key facts about ProShares S&P 500 High Income ETF (ISPY) and Schwab US Dividend Equity ETF (SCHD).
ISPY and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023. 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. Both ISPY and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISPY or SCHD.
Key characteristics
| ISPY | SCHD | |
|---|---|---|
| YTD Return | 23.21% | 17.47% |
| Daily Std Dev | 11.34% | 11.25% |
| Max Drawdown | -7.88% | -33.37% |
| Current Drawdown | -0.26% | -0.51% |
Correlation
The correlation between ISPY and SCHD is 0.53, 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.
Performance
ISPY vs. SCHD - Performance Comparison
In the year-to-date period, ISPY achieves a 23.21% return, which is significantly higher than SCHD's 17.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ISPY vs. SCHD - Expense Ratio Comparison
ISPY has a 0.55% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
ISPY vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 High Income ETF (ISPY) and Schwab US 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.
Not enough dataDividends
ISPY vs. SCHD - Dividend Comparison
ISPY's dividend yield for the trailing twelve months is around 8.44%, more than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISPY ProShares S&P 500 High Income ETF | 8.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.37% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
ISPY vs. SCHD - Drawdown Comparison
The maximum ISPY drawdown since its inception was -7.88%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for ISPY and SCHD. For additional features, visit the drawdowns tool.
Volatility
ISPY vs. SCHD - Volatility Comparison
The current volatility for ProShares S&P 500 High Income ETF (ISPY) is 3.24%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.49%. This indicates that ISPY 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.