QDPL vs. SCHD

Last updated Jun 24, 2026

QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 3 years, QDPL returned 19.16%/yr vs 14.60%/yr for SCHD. A 0.67 correlation means they provide meaningful diversification when combined. QDPL charges 0.60%/yr vs 0.06%/yr for SCHD.

Performance

QDPL vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDPL achieves a 7.95% return, which is significantly lower than SCHD's 17.72% return.

QDPL

• 1D: -0.97%
• 1M: -1.23%
• YTD: 7.95%
• 6M: 7.14%
• 1Y: 22.55%
• 3Y*: 19.16%
• 5Y*: —
• 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%

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

QDPL vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	7.95%	16.52%	22.83%	23.66%	-16.25%	7.82%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	-3.26%	7.76%

Correlation

The correlation between QDPL and SCHD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021	0.67

Over the past year, the correlation between QDPL and SCHD has dropped to 0.33 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

QDPL vs. SCHD - Sectors Allocation Comparison

Sectors	QDPL	SCHD
Technology	39.1%	19.4%
Financial Services	11.1%	9.1%
Communication Services	10.7%	6.0%
Consumer Cyclical	9.9%	6.7%
Healthcare	8.3%	18.4%
Industrials	7.8%	7.4%
Consumer Defensive	4.5%	18.5%
Energy	3.1%	14.6%
Utilities	2.1%	0.0%
Real Estate	1.8%	-
Basic Materials	1.7%	1.2%

Return for Risk

QDPL vs. SCHD — Risk / Return Rank

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

QDPL

QDPL Risk / Return Rank: 58
QDPL Sharpe Ratio Rank: 56
QDPL Sortino Ratio Rank: 55
QDPL Omega Ratio Rank: 56
QDPL Calmar Ratio Rank: 55
QDPL Martin Ratio Rank: 67

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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.

QDPL vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) 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.

	QDPL	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.23	-0.41
Sortino ratio: Return per unit of downside risk	2.52	3.40	-0.88
Omega ratio: Gain probability vs. loss probability	1.33	1.40	-0.07
Calmar ratio: Return relative to maximum drawdown	2.62	5.35	-2.73
Martin ratio: Return relative to average drawdown	11.85	12.94	-1.09

QDPL vs. SCHD - Sharpe Ratio Comparison

The current QDPL Sharpe Ratio is 1.82, which is comparable to the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of QDPL and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDPL vs. SCHD - Drawdown Comparison

The maximum QDPL drawdown since its inception was -22.59%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for QDPL and SCHD.

Drawdown Indicators

	QDPL	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-22.59%	-33.37%	+10.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-4.61%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	-16.13%	-1.62%
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	-2.85%	-2.47%	-0.38%
Average Drawdown Average peak-to-trough decline	-5.11%	-3.31%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.90%	+0.01%

Volatility

QDPL vs. SCHD - Volatility Comparison

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) has a higher volatility of 4.91% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that QDPL'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.

Volatility by Period

	QDPL	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	3.58%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	7.73%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	11.07%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	14.36%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.07%	16.71%	-1.64%

QDPL vs. SCHD - Expense Ratio Comparison

QDPL has a 0.60% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

QDPL vs. SCHD - Dividend Comparison

QDPL's dividend yield for the trailing twelve months is around 5.16%, more than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	5.16%	4.84%	5.43%	6.30%	7.27%	2.44%	0.00%	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

Can I hold both QDPL and SCHD in my portfolio?

QDPL and SCHD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDPL or SCHD?

QDPL has higher volatility (4.91%) compared to SCHD (3.58%). In terms of maximum drawdown, QDPL dropped -22.59% vs SCHD's -33.37%.

Which ETF is better, QDPL or SCHD?

On 3-year performance, QDPL leads with 19.16% vs 14.60% for SCHD. 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.

Which ETF has performed better, QDPL or SCHD?

Over the 3-year period, QDPL has performed better with a 19.16% return vs 14.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDPL or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.60% for QDPL.

Which ETF pays a higher dividend yield, QDPL or SCHD?

QDPL has the higher dividend yield at 5.16%, compared with 3.30% for SCHD.

What is the main difference between QDPL and SCHD?

QDPL is categorized as Large Cap Blend Equities, while SCHD is Dividend. QDPL tracks Metaurus US Large Cap Dividend Multiplier Index - Series 400, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Pacer and Charles Schwab. Their fees differ too: 0.60% for QDPL and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 vs 1.82), 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.