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SVXY vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVXY vs. SCHD

Last updated Jun 4, 2026

SVXY (ProShares Short VIX Short-Term Futures ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SVXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index (-100%), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, SVXY returned -1.59%/yr vs 12.77%/yr for SCHD. A 0.65 correlation means they provide meaningful diversification when combined. SVXY charges 1.38%/yr vs 0.06%/yr for SCHD.

Performance

SVXY vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short VIX Short-Term Futures ETF (SVXY) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SVXY achieves a -0.92% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, SVXY has underperformed SCHD with an annualized return of -1.59%, while SCHD has yielded a comparatively higher 12.77% annualized return.

SVXY

1D
-0.20%
1M
8.44%
YTD
-0.92%
6M
7.55%
1Y
33.37%
3Y*
13.21%
5Y*
15.76%
10Y*
-1.59%

SCHD

1D
0.00%
1M
2.70%
YTD
19.01%
6M
18.63%
1Y
27.16%
3Y*
15.09%
5Y*
8.36%
10Y*
12.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVXY vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SVXY
ProShares Short VIX Short-Term Futures ETF		-0.92%10.63%-3.17%76.21%-4.66%48.53%-36.47%54.21%-91.75%181.84%
SCHD
Schwab U.S. Dividend Equity ETF		19.01%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%

Correlation

The correlation between SVXY and SCHD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.65

Over the past year, the correlation between SVXY and SCHD has dropped to 0.34 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Short VIX Short-Term Futures ETF

Schwab U.S. Dividend Equity ETF

Often compared with SVXY:
SVXY vs. SVIXSVXY vs. UVXYSVXY vs. VXXSVXY vs. SVOLSVXY vs. VIXYSVXY vs. SPYSVXY vs. VIXM
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

SVXY vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SVXY
SVXY Risk / Return Rank: 3131
Overall Rank
SVXY Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
SVXY Sortino Ratio Rank: 3030
Sortino Ratio Rank
SVXY Omega Ratio Rank: 3434
Omega Ratio Rank
SVXY Calmar Ratio Rank: 2929
Calmar Ratio Rank
SVXY Martin Ratio Rank: 3232
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
Martin Ratio Rank
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.

SVXY vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) 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.

SVXYSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.17
2.49

-1.32

Sortino ratioReturn per unit of downside risk
1.64
3.87

-2.22

Omega ratioGain probability vs. loss probability

1.23

1.45

-0.22

Calmar ratioReturn relative to maximum drawdown

1.46

5.91

-4.45

Martin ratioReturn relative to average drawdown

4.78

14.53

-9.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVXY vs. SCHD - Sharpe Ratio Comparison

The current SVXY Sharpe Ratio is 1.17, which is lower than the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SVXY 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.

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Sharpe Ratios by Period

SVXYSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

2.49

-1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.58

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.03

0.77

-0.80

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.86

-0.64

Drawdowns

SVXY vs. SCHD - Drawdown Comparison

The maximum SVXY drawdown since its inception was -95.25%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SVXY and SCHD.

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Drawdown Indicators

SVXYSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-95.25%

-33.37%

-61.88%

Max Drawdown (1Y)

Largest decline over 1 year

-22.94%

-4.61%

-18.33%

Max Drawdown (3Y)

Largest decline over 3 years

-46.45%

-16.13%

-30.32%

Max Drawdown (5Y)

Largest decline over 5 years

-46.45%

-16.85%

-29.60%

Max Drawdown (10Y)

Largest decline over 10 years

-95.25%

-33.37%

-61.88%

Current Drawdown

Current decline from peak

-80.15%

-1.40%

-78.75%

Average Drawdown

Average peak-to-trough decline

-56.87%

-3.32%

-53.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.00%

1.88%

+5.12%

Volatility

SVXY vs. SCHD - Volatility Comparison

ProShares Short VIX Short-Term Futures ETF (SVXY) has a higher volatility of 3.76% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that SVXY'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

SVXYSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

2.66%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

21.42%

7.66%

+13.76%

Volatility (1Y)

Calculated over the trailing 1-year period

28.62%

10.96%

+17.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.38%

14.38%

+21.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.75%

16.72%

+34.03%

SVXY vs. SCHD - Expense Ratio Comparison

SVXY has a 1.38% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

SVXY vs. SCHD - Dividend Comparison

SVXY has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.26%.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
SVXY
ProShares Short VIX Short-Term Futures ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SVXY and SCHD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SVXY has higher volatility (3.76%) compared to SCHD (2.66%). In terms of maximum drawdown, SVXY dropped -95.25% vs SCHD's -33.37%.

On 10-year performance, SCHD leads with 12.77% vs -1.59% for SVXY. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHD has performed better with a 12.77% return vs -1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHD is cheaper with a 0.06% expense ratio, compared with 1.38% for SVXY.

SCHD has the higher dividend yield at 3.26%, compared with 0.00% for SVXY.

SVXY is categorized as Volatility, while SCHD is Dividend. SVXY tracks S&P 500 VIX Short-Term Futures Index (-100%), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: ProShares and Charles Schwab. Their fees differ too: 1.38% for SVXY and 0.06% for SCHD.

SCHD currently has the higher Sharpe Ratio (2.49 vs 1.17), 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.

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