Compare/Updated Oct 26, 2026, refreshed every trading day
SPYI vs SCHD
Neos S&P 500(R) High Income ETF against Schwab U.S. Dividend Equity ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SPYI did better over the full period: $1,000 invested on October 28, 2022 grew to $1,821, compared with $1,649 for SCHD, an advantage of 17.2 percentage points. However, SCHD’s 67.2% three-year return exceeded SPYI’s 61.5%, and its recent performance was stronger across the 1-, 3-, 6-month and YTD periods. SPYI’s edge came despite a higher 0.68% expense ratio versus SCHD’s 0.06%, likely reflecting its high-income strategy. Risk was broadly similar: SPYI’s 12-month volatility was 10.6% versus 11.3% for SCHD, while maximum drawdowns were -16.5% and -16.1%, respectively. Their daily-move correlation was 0.634, indicating meaningful but incomplete overlap. Overall, SPYI led across the specified investment period, while SCHD currently shows stronger recent momentum and substantially lower costs.
- Price is above its 200-day average ($50); 50-day at $53.
- RSI 44, neutral. Supertrend says sell. ADX 16, so the trend is weak.
- Price is above its 200-day average ($32); 50-day at $34.
- RSI 73, overbought. Supertrend says buy. ADX 33, so the trend is strong.
Head to head
Which has returned more, SPYI or SCHD?
SPYI beat SCHD in 28 of the last 48 months; SCHD won the other 20. The typical monthly gap was 2.27 points.
Total return by period
Which is riskier?
SPYI: Feb 19, 2025 to Apr 8, 2025; SCHD: Nov 29, 2024 to Apr 8, 2025
- 0.634
- correlation of daily moves, 4 years
- 0.59
- SPYI move per 1% in SCHD
- 0.221
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.27 points.
When did they diverge?
| Month | SPYI | SCHD | Gap |
|---|---|---|---|
| October 2026 | -0.1% | +8.4% | -8.48 pts |
| January 2026 | +1.4% | +8.7% | -7.34 pts |
| April 2025 | -0.4% | -7.7% | +7.28 pts |
| February 2026 | -0.2% | +6.5% | -6.70 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SPYI and SCHD?
Go deeper
Ask InvestGPT which one fits your portfolio.
Eight research agents read your holdings, the overlap and the tax side, then answer in plain words. Free accounts get one report a month.
More comparisons
Find another comparison.
Track both, get told when something changes.
Add SPYI and SCHD to a watchlist and Kavout emails you when a signal flips or a price target is hit.
Free account, no card