SPD vs. SCHD
Compare and contrast key facts about Simplify US Equity PLUS Downside Convexity ETF (SPD) and Schwab U.S. Dividend Equity ETF (SCHD).
SPD and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPD is an actively managed fund by Simplify. It was launched on Sep 3, 2020. 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.
Performance
SPD vs. SCHD - Performance Comparison
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SPD vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | -6.56% | 18.86% | 17.49% | 20.94% | -25.96% | 24.81% | 8.75% |
SCHD Schwab U.S. Dividend Equity ETF | 12.17% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 14.04% |
Returns By Period
In the year-to-date period, SPD achieves a -6.56% return, which is significantly lower than SCHD's 12.17% return.
SPD
- 1D
- 0.59%
- 1M
- -5.51%
- YTD
- -6.56%
- 6M
- -7.40%
- 1Y
- 19.07%
- 3Y*
- 14.25%
- 5Y*
- 6.61%
- 10Y*
- —
SCHD
- 1D
- -0.55%
- 1M
- -3.43%
- YTD
- 12.17%
- 6M
- 12.91%
- 1Y
- 13.70%
- 3Y*
- 11.84%
- 5Y*
- 8.32%
- 10Y*
- 12.25%
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SPD vs. SCHD - Expense Ratio Comparison
SPD has a 0.28% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Return for Risk
SPD vs. SCHD — Risk / Return Rank
SPD
SCHD
SPD vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Downside Convexity ETF (SPD) 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.
| SPD | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.88 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.32 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.05 | +0.59 |
Martin ratioReturn relative to average drawdown | 5.36 | 3.55 | +1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPD | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.88 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.58 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.84 | -0.30 |
Correlation
The correlation between SPD and SCHD is 0.65, 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.
Dividends
SPD vs. SCHD - Dividend Comparison
SPD's dividend yield for the trailing twelve months is around 1.09%, less than SCHD's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.09% | 0.97% | 1.14% | 1.91% | 1.64% | 0.88% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.46% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Drawdowns
SPD vs. SCHD - Drawdown Comparison
The maximum SPD drawdown since its inception was -27.38%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPD and SCHD.
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Drawdown Indicators
| SPD | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.38% | -33.37% | +5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -12.74% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.38% | -16.85% | -10.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -9.94% | -3.43% | -6.51% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -3.34% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.75% | -0.10% |
Volatility
SPD vs. SCHD - Volatility Comparison
Simplify US Equity PLUS Downside Convexity ETF (SPD) has a higher volatility of 3.33% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.33%. This indicates that SPD'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.
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Volatility by Period
| SPD | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.33% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 7.96% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.76% | 15.69% | +8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.40% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.70% | -0.62% |