Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs ULTY
Schwab U.S. Dividend Equity ETF and YieldMax(R) Ultra Option Income Strategy ETF.
What they hold in common
By the books each fund has filed, SCHD and ULTY hold 0% of their money in the same securities at the same weight.
| Only in SCHD | Only in ULTY |
|---|---|
| QUALCOMM Inc 6.75% | Alphabet Inc 5.66% |
| Texas Instruments Inc 5.92% | Analog Devices Inc 5.47% |
| UnitedHealth Group Inc 5.10% | Amazon.com Inc 5.16% |
| Coca-Cola Co/The 3.96% | Lam Research Corp 4.99% |
| Merck & Co Inc 3.87% | Ciena Corp 4.95% |
| Chevron Corp 3.84% | Quanta Services Inc 4.95% |
| Verizon Communications Inc 3.66% | Lumentum Holdings Inc 4.86% |
| Procter & Gamble Co/The 3.55% | NVIDIA Corp 4.80% |
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.
| SCHD Schwab U.S. Dividend Equity ETF | ULTY YieldMax(R) Ultra Option Income Strategy ETF | |
|---|---|---|
| Where it sits | Core fund | Income desk |
| Issuer | Schwab | YieldMax |
| What it is | US dividend | synthetic covered call, vs SPY |
| Total return, 1 year | +30.3% | −2.9% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | +10.3 pts | −22.8 pts |
| Cash paid, 1 year | not an income fund | 48.3% |
| Expense ratio | 0.06% | 1.30% |
| Holdings | 99 | n/a |
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%.
ULTY in plain words
Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting value in cash distributions while its price fell 52.1%. With every distribution reinvested, the fund returned −2.9%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 22.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 60.4%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which returned more over the last year, SCHD or ULTY?
- In the year to Sep 4, 2026, with distributions reinvested, SCHD returned +30.3% and ULTY returned −2.9%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHD or ULTY?
- SCHD charges 0.06% a year and ULTY charges 1.30%, so SCHD is cheaper. Fees come from each fund's prospectus.
- Are SCHD and ULTY the same kind of fund?
- No. SCHD is an index ETF and ULTY is an option-income ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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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, SCHD against ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/any/SCHD-ULTY.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources