MVRL vs. SCHD
MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, MVRL returned -8.77%/yr vs 8.71%/yr for SCHD. A 0.67 correlation means they provide meaningful diversification when combined. MVRL charges 0.95%/yr vs 0.06%/yr for SCHD.
Performance
MVRL vs. SCHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVRL achieves a -2.82% return, which is significantly lower than SCHD's 17.72% return.
MVRL
- 1D
- 1.21%
- 1M
- 0.86%
- YTD
- -2.82%
- 6M
- -2.49%
- 1Y
- 11.67%
- 3Y*
- 7.47%
- 5Y*
- -8.77%
- 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%
MVRL vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | -2.82% | 14.96% | -3.45% | 12.30% | -42.41% | 21.71% | 66.40% |
SCHD Schwab U.S. Dividend Equity ETF | 17.72% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 23.84% |
Correlation
The correlation between MVRL and SCHD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.67 |
The correlation between MVRL and SCHD shifts across timeframes, from 0.48 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVRL vs. SCHD — Risk / Return Rank
MVRL
SCHD
MVRL vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) 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.
| MVRL | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 5.35 | -4.79 |
| Martin ratioReturn relative to average drawdown | 1.45 | 12.94 | -11.49 |
Loading charts...
Drawdowns
MVRL vs. SCHD - Drawdown Comparison
The maximum MVRL drawdown since its inception was -60.25%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MVRL and SCHD.
Loading charts...
Drawdown Indicators
| MVRL | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.25% | -33.37% | -26.88% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -4.61% | -16.32% |
Max Drawdown (3Y)Largest decline over 3 years | -32.20% | -16.13% | -16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -59.63% | -16.85% | -42.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -38.42% | -2.47% | -35.95% |
Average DrawdownAverage peak-to-trough decline | -31.84% | -3.31% | -28.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 1.90% | +6.19% |
Volatility
MVRL vs. SCHD - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 6.92% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that MVRL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVRL | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 3.58% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 7.73% | +12.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.42% | 11.07% | +16.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.55% | 14.36% | +22.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 16.71% | +20.88% |
MVRL vs. SCHD - Expense Ratio Comparison
MVRL has a 0.95% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
MVRL vs. SCHD - Dividend Comparison
MVRL's dividend yield for the trailing twelve months is around 20.90%, more than SCHD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 20.90% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% | 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
MVRL and SCHD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVRL has higher volatility (6.92%) compared to SCHD (3.58%). In terms of maximum drawdown, MVRL dropped -60.25% vs SCHD's -33.37%.
On 5-year performance, SCHD leads with 8.71% vs -8.77% for MVRL. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.58%. 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 -8.77%. 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 0.95% for MVRL.
MVRL has the higher dividend yield at 20.90%, compared with 3.30% for SCHD.
MVRL is categorized as REIT, while SCHD is Dividend. MVRL tracks MVIS US Mortgage REITs Index (150%), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: UBS and Charles Schwab. Their fees differ too: 0.95% for MVRL and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.23 vs 0.43), 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.
Find the right allocation for MVRL and SCHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer