Data as of Oct 28, 2026.
HYG vs SCHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, HYG returned +1.3% to SCHD's +34.5%; 0% of their weight is in the same names.
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Net assets: $17.5bn on Oct 27, 2026 for iShares iBoxx $ High Yield Corporate Bond ETF, and $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF.
Pair scorecard
SCHD costs 0.43 points a year less; their one-year returns differ by 33.2 points.
| Measure | HYG | SCHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.3% | +34.5% |
| Benchmark | ||
| What it tracks | Markit iBoxx USD Liquid High Yield Index | Dow Jones U.S. Dividend 100 Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.06% |
| Net assets, HYG as of Oct 27, 2026 and SCHD as of Aug 31, 2026 | $17.5bn | $112.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 95% | |
| Top ten holdings, share of the fund | 41.7% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsSCHD returned more: +554.4% to +95.7%. HYG swung less: 8.8% to 14.8%. HYG fell less at its worst: −20.7% to −31.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HYG | SCHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +95.7% | +554.4% | SCHD | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +13.3% | SCHD | Total return as a yearly rate. |
| Price return | −14.5% | +306.8% | SCHD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 8.8% | 14.8% | HYG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.1% | 10.4% | HYG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −20.7% | −31.5% | HYG | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.36 | 0.80 | SCHD | Return above Treasury bills per unit of volatility. |
| Sortino | 0.52 | 1.15 | SCHD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.42 | SCHD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 782 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYG and SCHD hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
HYG and SCHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HYG and SCHD do different jobs. What does each one do in a portfolio?
- What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and SCHD follows Dow Jones U.S. Dividend 100 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HYG returned +1.3% and SCHD +34.5% with distributions reinvested, a gap of 33.2 points.
Data as of Oct 28, 2026.
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HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.
SCHD
SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.
Questions people ask
- Which returned more over the last year, HYG or SCHD?
- In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and SCHD +34.5%.
- Which is cheaper, HYG or SCHD?
- SCHD is cheaper, by 0.43 percentage points a year. That is about $43 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, HYG against SCHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-schd
ETFIQ. (Oct 28, 2026). HYG against SCHD. Retrieved from https://etfiq.com/compare/any/hyg-vs-schd
[HYG against SCHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hyg-vs-schd)
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