Data as of Oct 28, 2026.
ISPY vs SCHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, ISPY returned +10.1% to SCHD's +34.5%, and SCHD charges 0.06% to ISPY's 0.55%.
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Net assets: $1.2bn on Oct 28, 2026 for ProShares S&P 500 High Income ETF, and $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF.
Pair scorecard
SCHD costs 0.49 points a year less; their one-year returns differ by 24.4 points.
| Measure | ISPY | SCHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.1% | +34.5% |
| Price change, 1 year | rose 4.0% | rose 30.0% |
| Latest payout, annualized | 6.3% | |
| Return of capital, issuer estimate | 81% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | Dow Jones U.S. Dividend 100 Index |
| Against its benchmark, same days | behind by 3.5 pts | |
| Cost and size | ||
| Expense ratio | 0.55% | 0.06% |
| Net assets, ISPY as of Oct 28, 2026 and SCHD as of Aug 31, 2026 | $1.2bn | $112.3bn |
| Holdings | ||
| Holdings in common | 7% | |
| 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. Method
Risk and return
Dec 29, 2023 to Oct 23, 2026 · 147 weekly returnsSCHD returned slightly more: +53.5% to +49.9%. ISPY and SCHD swung about the same: 12.8% and 12.6%. SCHD fell less at its worst: −12.8% to −15.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ISPY | SCHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +49.9% | +53.5% | SCHD (slight) | Price change plus distributions, reinvested. |
| Annualized | +15.4% | +16.4% | SCHD (slight) | Total return as a yearly rate. |
| Price return | +17.6% | +39.0% | SCHD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.8% | 12.6% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.8% | 8.8% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.6% | −12.8% | SCHD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.84 | 0.92 | SCHD (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.22 | 1.32 | SCHD (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.99 | 1.28 | SCHD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 147 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ISPY and SCHD hold 7% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
7% in common
Only in one fund ↓
Side by side
ISPY and SCHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
ISPY and SCHD do different jobs. What does each one do in a portfolio?
- What each follows. ISPY is measured against S&P 500 through SPY and SCHD follows Dow Jones U.S. Dividend 100 Index.
- Holdings in common. 7% of the weight is in the same securities (holdings dated Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ISPY returned +10.1% and SCHD +34.5% with distributions reinvested, a gap of 24.4 points.
Data as of Oct 28, 2026.
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ISPY
Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 4.0%. With every distribution reinvested, the fund returned +10.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 3.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.3%, paid monthly. ProShares estimates that 81% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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
- Are ISPY and SCHD in the same category?
- ISPY is an option-income ETF and SCHD is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, ISPY or SCHD?
- In the year to Oct 28, 2026, with distributions reinvested, ISPY returned +10.1% and SCHD +34.5%.
- Which is cheaper, ISPY or SCHD?
- SCHD is cheaper, by 0.49 percentage points a year. That is about $49 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, ISPY against SCHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/ispy-vs-schd
ETFIQ. (Oct 28, 2026). ISPY against SCHD. Retrieved from https://etfiq.com/compare/any/ispy-vs-schd
[ISPY against SCHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ispy-vs-schd)
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