PY vs. SCHD
Compare and contrast key facts about Principal Value ETF (PY) and Schwab US Dividend Equity ETF (SCHD).
PY and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PY is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Shareholder Yield Index. It was launched on Mar 21, 2016. 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 PY 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: PY or SCHD.
Key characteristics
| PY | SCHD | |
|---|---|---|
| YTD Return | 20.10% | 16.94% |
| 1Y Return | 30.27% | 26.08% |
| 3Y Return (Ann) | 7.91% | 6.78% |
| 5Y Return (Ann) | 12.66% | 12.63% |
| Sharpe Ratio | 2.67 | 2.44 |
| Sortino Ratio | 3.72 | 3.51 |
| Omega Ratio | 1.48 | 1.43 |
| Calmar Ratio | 4.62 | 3.30 |
| Martin Ratio | 16.07 | 13.27 |
| Ulcer Index | 1.94% | 2.04% |
| Daily Std Dev | 11.68% | 11.07% |
| Max Drawdown | -45.44% | -33.37% |
| Current Drawdown | -0.62% | -0.96% |
Correlation
The correlation between PY and SCHD is 0.67, 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
PY vs. SCHD - Performance Comparison
In the year-to-date period, PY achieves a 20.10% return, which is significantly higher than SCHD's 16.94% 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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PY vs. SCHD - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PY vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) 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
PY vs. SCHD - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 2.14%, less than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | 2.14% | 2.68% | 3.02% | 2.83% | 2.95% | 2.29% | 2.35% | 1.69% | 1.95% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PY vs. SCHD - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PY and SCHD. For additional features, visit the drawdowns tool.
Volatility
PY vs. SCHD - Volatility Comparison
Principal Value ETF (PY) has a higher volatility of 4.11% compared to Schwab US Dividend Equity ETF (SCHD) at 3.44%. This indicates that PY'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.