XPAY vs. SCHD

Last updated Aug 2, 2026

XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XPAY is a Derivative Income fund actively managed by Roundhill, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. XPAY is actively managed, while SCHD is passively managed. Over the past year, XPAY returned 20.64% vs 31.54% for SCHD. Their 0.41 correlation means their historical movements had little consistent relationship. XPAY charges 0.49%/yr vs 0.06%/yr for SCHD.

Performance

XPAY vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) 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, XPAY achieves a 9.86% return, which is significantly lower than SCHD's 24.03% return.

XPAY

• 1D: 0.71%
• 1M: 0.30%
• 6M: 8.21%
• YTD: 9.86%
• 1Y: 20.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.38%

SCHD

• 1D: 0.18%
• 1M: 3.33%
• 6M: 14.09%
• YTD: 24.03%
• 1Y: 31.54%
• 3Y*: 14.19%
• 5Y*: 9.54%
• 10Y*: 12.76%
• ALL TIME*: 13.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCHD Schwab U.S. Dividend Equity ETF	$786.88M	$715.86M	$685.58M
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	$1.68M	$2.65M	$3.83M

XPAY vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	9.86%	16.78%	1.60%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	-2.15%

Correlation

The correlation between XPAY and SCHD is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024	0.41

The correlation between XPAY and SCHD shifts across timeframes, from 0.24 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

XPAY vs. SCHD - Sectors Allocation Comparison

Sectors	XPAY	SCHD
Technology	38.5%	12.7%
Financial Services	11.6%	9.9%
Communication Services	9.9%	6.2%
Consumer Cyclical	9.5%	7.7%
Healthcare	8.9%	20.8%
Industrials	8.4%	7.8%
Consumer Defensive	4.5%	20.6%
Energy	3.0%	14.1%
Utilities	2.2%	0.1%
Real Estate	1.8%	-
Basic Materials	1.7%	1.2%

Return for Risk

XPAY vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XPAY

XPAY Risk / Return Rank: 63
XPAY Sharpe Ratio Rank: 64
XPAY Sortino Ratio Rank: 61
XPAY Omega Ratio Rank: 62
XPAY Calmar Ratio Rank: 57
XPAY Martin Ratio Rank: 69

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 96
SCHD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XPAY vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) 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.

	XPAY	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.81	-1.35
Sortino ratio: Return per unit of downside risk	2.04	4.37	-2.33
Omega ratio: Gain probability vs. loss probability	1.26	1.51	-0.24
Calmar ratio: Return relative to maximum drawdown	2.00	6.74	-4.74
Martin ratio: Return relative to average drawdown	8.48	17.01	-8.53

XPAY vs. SCHD - Sharpe Ratio Comparison

The current XPAY Sharpe Ratio is 1.47, which is lower than the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of XPAY 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

XPAY vs. SCHD - Drawdown Comparison

The maximum XPAY drawdown since its inception was -18.20%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for XPAY and SCHD.

Drawdown Indicators

	XPAY	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	-33.37%	+15.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-4.61%	-4.73%
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	-1.55%	-1.24%	-0.31%
Average Drawdown Average peak-to-trough decline	-2.34%	-3.30%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.82%	+0.38%

Volatility

XPAY vs. SCHD - Volatility Comparison

The current volatility for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is 3.44%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.11%. This indicates that XPAY 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

	XPAY	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	4.11%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.11%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	11.13%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	14.39%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	16.72%	-0.17%

XPAY vs. SCHD - Expense Ratio Comparison

XPAY has a 0.49% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

XPAY vs. SCHD - Dividend Comparison

XPAY's dividend yield for the trailing twelve months is around 21.05%, more than SCHD's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.13%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	21.05%	21.21%	3.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XPAY and SCHD in my portfolio?

XPAY and SCHD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPAY or SCHD?

SCHD has higher volatility (4.11%) compared to XPAY (3.44%). In terms of maximum drawdown, XPAY dropped -18.20% vs SCHD's -33.37%.

Which ETF is better, XPAY or SCHD?

On 1-year performance, SCHD leads with 31.54% vs 20.64% for XPAY. On fees, SCHD is cheaper at 0.06% per year. On volatility, XPAY has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XPAY or SCHD?

Over the 1-year period, SCHD has performed better with a 31.54% return vs 20.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XPAY or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.49% for XPAY.

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

XPAY has the higher dividend yield at 21.05%, compared with 3.13% for SCHD.

What is the main difference between XPAY and SCHD?

XPAY is categorized as Derivative Income, while SCHD is Dividend. They also come from different issuers: Roundhill and Charles Schwab. Their fees differ too: 0.49% for XPAY and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 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.