PAPI vs. SCHD
Compare and contrast key facts about Parametric Equity Premium Income ETF (PAPI) and Schwab US Dividend Equity ETF (SCHD).
PAPI and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAPI or SCHD.
Key characteristics
| PAPI | SCHD | |
|---|---|---|
| YTD Return | 13.39% | 17.47% |
| 1Y Return | 19.75% | 27.61% |
| Sharpe Ratio | 2.23 | 2.70 |
| Sortino Ratio | 3.20 | 3.89 |
| Omega Ratio | 1.40 | 1.48 |
| Calmar Ratio | 4.91 | 3.71 |
| Martin Ratio | 12.67 | 14.94 |
| Ulcer Index | 1.70% | 2.04% |
| Daily Std Dev | 9.65% | 11.25% |
| Max Drawdown | -4.39% | -33.37% |
| Current Drawdown | -0.40% | -0.51% |
Correlation
The correlation between PAPI and SCHD is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PAPI vs. SCHD - Performance Comparison
In the year-to-date period, PAPI achieves a 13.39% return, which is significantly lower 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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PAPI vs. SCHD - Expense Ratio Comparison
PAPI has a 0.29% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PAPI vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Equity Premium Income ETF (PAPI) 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.
Dividends
PAPI vs. SCHD - Dividend Comparison
PAPI's dividend yield for the trailing twelve months is around 6.92%, more than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 6.92% | 1.45% | 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
PAPI vs. SCHD - Drawdown Comparison
The maximum PAPI drawdown since its inception was -4.39%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PAPI and SCHD. For additional features, visit the drawdowns tool.
Volatility
PAPI vs. SCHD - Volatility Comparison
The current volatility for Parametric Equity Premium Income ETF (PAPI) is 2.97%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.49%. This indicates that PAPI 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.