RIET vs. SCHD

Last updated Jun 24, 2026

RIET (Hoya Capital High Dividend Yield ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 3 years, RIET returned 9.52%/yr vs 14.60%/yr for SCHD. A 0.72 correlation means they provide meaningful diversification when combined. RIET charges 0.50%/yr vs 0.06%/yr for SCHD.

Performance

RIET vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) 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, RIET achieves a 8.46% return, which is significantly lower than SCHD's 17.72% return.

RIET

• 1D: 1.06%
• 1M: 1.00%
• YTD: 8.46%
• 6M: 9.41%
• 1Y: 12.07%
• 3Y*: 9.52%
• 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)

RIET vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIET Hoya Capital High Dividend Yield ETF	8.46%	2.43%	1.18%	13.04%	-25.29%	5.14%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	-3.26%	10.63%

Correlation

The correlation between RIET and SCHD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.72

The correlation between RIET and SCHD shifts across timeframes, from 0.55 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RIET vs. SCHD — Risk / Return Rank

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

RIET

RIET Risk / Return Rank: 26
RIET Sharpe Ratio Rank: 26
RIET Sortino Ratio Rank: 25
RIET Omega Ratio Rank: 23
RIET Calmar Ratio Rank: 29
RIET Martin Ratio Rank: 27

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.

RIET vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.

	RIET	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.91	2.23	-1.31
Sortino ratio: Return per unit of downside risk	1.34	3.40	-2.06
Omega ratio: Gain probability vs. loss probability	1.16	1.40	-0.24
Calmar ratio: Return relative to maximum drawdown	1.38	5.35	-3.96
Martin ratio: Return relative to average drawdown	3.60	12.94	-9.34

RIET vs. SCHD - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is 0.91, which is lower than the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of RIET 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

RIET vs. SCHD - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for RIET and SCHD.

Drawdown Indicators

	RIET	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-33.37%	-1.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-4.61%	-4.15%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-16.13%	-2.25%
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	-6.51%	-2.47%	-4.04%
Average Drawdown Average peak-to-trough decline	-16.31%	-3.31%	-13.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.90%	+1.46%

Volatility

RIET vs. SCHD - Volatility Comparison

Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 3.94% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that RIET'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

	RIET	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.58%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	7.73%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	11.07%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	14.36%	+4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	16.71%	+2.24%

RIET vs. SCHD - Expense Ratio Comparison

RIET has a 0.50% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

RIET vs. SCHD - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 10.74%, more than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIET Hoya Capital High Dividend Yield ETF	10.74%	11.04%	10.17%	9.33%	9.33%	1.99%	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 RIET and SCHD in my portfolio?

RIET and SCHD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIET or SCHD?

RIET has higher volatility (3.94%) compared to SCHD (3.58%). In terms of maximum drawdown, RIET dropped -34.61% vs SCHD's -33.37%.

Which ETF is better, RIET or SCHD?

On 3-year performance, SCHD leads with 14.60% vs 9.52% for RIET. 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, RIET or SCHD?

Over the 3-year period, SCHD has performed better with a 14.60% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RIET or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.50% for RIET.

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

RIET has the higher dividend yield at 10.74%, compared with 3.30% for SCHD.

What is the main difference between RIET and SCHD?

RIET is categorized as REIT, while SCHD is Dividend. RIET tracks Hoya Capital High Dividend Yield Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Pettee Investors and Charles Schwab. Their fees differ too: 0.50% for RIET and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 vs 0.91), 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.