Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
OARK vs SCHD
YieldMax(R) Innovation Option Income Strategy ETF and Schwab U.S. Dividend Equity ETF.
What they hold in common
By the books each fund has filed, OARK and SCHD hold 0% of their money in the same securities at the same weight.
| Only in OARK | Only in SCHD |
|---|---|
| TREASURY BILL 37.81% | QUALCOMM Inc 6.75% |
| TREASURY BILL 30.32% | Texas Instruments Inc 5.92% |
| TREASURY BILL 18.55% | UnitedHealth Group Inc 5.10% |
| TREASURY BILL 10.80% | Coca-Cola Co/The 3.96% |
| TREASURY BILL 2.51% | Merck & Co Inc 3.87% |
| Chevron Corp 3.84% | |
| Verizon Communications Inc 3.66% | |
| Procter & Gamble Co/The 3.55% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Apr 30, 2026 and May 31, 2026.
| OARK YieldMax(R) Innovation Option Income Strategy ETF | SCHD Schwab U.S. Dividend Equity ETF | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | YieldMax | Schwab |
| What it is | synthetic covered call, vs QQQ | US dividend |
| Total return, 1 year | +13.3% | +30.3% |
| S&P 500 over the same days | +25.6% | +20.0% |
| Gap to the S&P 500 | −12.3 pts | +10.3 pts |
| Cash paid, 1 year | 39.3% | not an income fund |
| Expense ratio | 1.00% | 0.06% |
| Holdings | n/a | 99 |
OARK in plain words
Over the year to Sep 4, 2026, OARK paid 39.3% of its starting value in cash distributions while its price fell 29.0%. With every distribution reinvested, the fund returned +13.3%. Nasdaq-100 (QQQ), used as the innovation proxy returned +25.6% over the same days, so a holder was behind by 12.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 40.3%, paid weekly. YieldMax estimates that 78% of the distribution paid Sep 4, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
SCHD in plain words
SCHD is a index equity fund tracking US dividend. Over the year to Sep 4, 2026 it returned +30.3% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 43.7%.
Questions people ask
- Which returned more over the last year, OARK or SCHD?
- In the year to Sep 4, 2026, with distributions reinvested, OARK returned +13.3% and SCHD returned +30.3%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, OARK or SCHD?
- OARK charges 1.00% a year and SCHD charges 0.06%, so SCHD is cheaper. Fees come from each fund's prospectus.
- Are OARK and SCHD the same kind of fund?
- No. OARK is an option-income ETF and SCHD is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OARK against SCHD, data as of Sep 4, 2026. https://etfiq.com/compare/any/OARK-SCHD.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources