VETZ vs. SCHD

Last updated Jun 3, 2026

VETZ (Academy Veteran Bond ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - VETZ is a Mortgage Backed Securities fund actively managed by Academy, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. VETZ is actively managed, while SCHD is passively managed. Over the past year, VETZ returned 6.99% vs 28.08% for SCHD. At a 0.14 correlation, their price movements are largely independent. VETZ charges 0.35%/yr vs 0.06%/yr for SCHD.

Performance

VETZ vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Veteran Bond ETF (VETZ) 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, VETZ achieves a 0.62% return, which is significantly lower than SCHD's 19.01% return.

VETZ

• 1D: -0.10%
• 1M: -0.23%
• YTD: 0.62%
• 6M: 1.16%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: 0.59%
• 1M: 1.60%
• YTD: 19.01%
• 6M: 20.36%
• 1Y: 28.08%
• 3Y*: 15.09%
• 5Y*: 8.49%
• 10Y*: 12.77%

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

VETZ vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VETZ Academy Veteran Bond ETF	0.62%	8.02%	2.22%	3.97%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.11%

Correlation

The correlation between VETZ and SCHD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Aug 3, 2023	0.14

The correlation between VETZ and SCHD shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VETZ vs. SCHD — Risk / Return Rank

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

VETZ

VETZ Risk / Return Rank: 43
VETZ Sharpe Ratio Rank: 41
VETZ Sortino Ratio Rank: 43
VETZ Omega Ratio Rank: 39
VETZ Calmar Ratio Rank: 45
VETZ Martin Ratio Rank: 48

SCHD

SCHD Risk / Return Rank: 82
SCHD Sharpe Ratio Rank: 78
SCHD Sortino Ratio Rank: 87
SCHD Omega Ratio Rank: 76
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 77

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.

VETZ vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Veteran Bond ETF (VETZ) 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.

	VETZ	SCHD	Difference
Sharpe ratio Return per unit of total volatility	1.47	2.57	-1.11
Sortino ratio Return per unit of downside risk	2.20	3.98	-1.78
Omega ratio Gain probability vs. loss probability	1.26	1.46	-0.20
Calmar ratio Return relative to maximum drawdown	2.30	6.17	-3.87
Martin ratio Return relative to average drawdown	8.06	15.20	-7.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VETZ vs. SCHD - Sharpe Ratio Comparison

The current VETZ Sharpe Ratio is 1.47, which is lower than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of VETZ 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.

Sharpe Ratios by Period

	VETZ	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.57	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.86	-0.01

Drawdowns

VETZ vs. SCHD - Drawdown Comparison

The maximum VETZ drawdown since its inception was -5.16%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for VETZ and SCHD.

Drawdown Indicators

	VETZ	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-33.37%	+28.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	-4.61%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
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	-1.39%	-1.40%	+0.01%
Average Drawdown Average peak-to-trough decline	-1.30%	-3.32%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.87%	-1.09%

Volatility

VETZ vs. SCHD - Volatility Comparison

The current volatility for Academy Veteran Bond ETF (VETZ) is 1.36%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.92%. This indicates that VETZ experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VETZ	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	2.92%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	7.66%	-4.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.84%	10.96%	-6.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	14.38%	-8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.15%	16.72%	-10.57%

VETZ vs. SCHD - Expense Ratio Comparison

VETZ has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

VETZ vs. SCHD - Dividend Comparison

VETZ's dividend yield for the trailing twelve months is around 6.17%, more than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VETZ Academy Veteran Bond ETF	6.17%	6.14%	5.89%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VETZ and SCHD in my portfolio?

VETZ and SCHD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VETZ or SCHD?

SCHD has higher volatility (2.92%) compared to VETZ (1.36%). In terms of maximum drawdown, VETZ dropped -5.16% vs SCHD's -33.37%.

Which ETF is better, VETZ or SCHD?

On 1-year performance, SCHD leads with 28.08% vs 6.99% for VETZ. On fees, SCHD is cheaper at 0.06% per year. On volatility, VETZ has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VETZ or SCHD?

Over the 1-year period, SCHD has performed better with a 28.08% return vs 6.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VETZ or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.35% for VETZ.

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

VETZ has the higher dividend yield at 6.17%, compared with 3.26% for SCHD.

What is the main difference between VETZ and SCHD?

VETZ is categorized as Mortgage Backed Securities, while SCHD is Dividend. They also come from different issuers: Academy and Charles Schwab. Their fees differ too: 0.35% for VETZ and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.57 vs 1.47), 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.