A head-to-head comparison of Global X Nasdaq 100 Covered Call ETF and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Global X is known for developing thematic and alternative investment ETFs with a strong emphasis on income-generating strategies. Their 37-fund lineup spans diverse categories including covered call funds, SuperDividend income products, digital assets, commodities, and sector-specific investments, alongside traditional bond and risk-managed income options. Notable tickers like DIV, MLPA, and BCCC reflect their specialization in high-yield and alternative income strategies, positioning them as a provider focused on investors seeking yield-oriented and thematically-driven exposure.
See our curated list of related YouTube videos on QYLD.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.
See our curated list of related YouTube videos on SCHD.
Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.
Asset class
Equity
Equity
Inception date
12/11/2013
10/20/2011
Beta
0.49
0.58
Last dividend
$0.1854
$0.2525
Ex-dividend date
06/22/2026
06/24/2026
Bottom lineChoose QYLD if you want to maximize current income — roughly 12.11%, generated by selling options premium. Choose SCHD if you want a quality-dividend tilt rather than the whole market. There's no free lunch: QYLD's payout comes from selling options, which caps upside and can erode the share price over time, while SCHD keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
QYLD (Global X Nasdaq 100 Covered Call ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both dividend ETFs, but they take different approaches.
QYLD offers the higher yield at 12.11% vs 3.14% for SCHD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHD is cheaper with an expense ratio of 0.06% compared to 0.61%.
They track different benchmarks: QYLD is linked to NASDAQ 100 while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.
SCHD is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose QYLD
Global X Nasdaq 100 Covered Call ETF
Want to maximize current income — QYLD distributes roughly 12.11% from selling options premium, vs 3.14% for SCHD.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose SCHD
Schwab U.S. Dividend Equity ETF
Want a quality-dividend tilt — screened payers rather than the broad index.
Want to keep costs low — a 0.06% expense ratio vs 0.61% for QYLD.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, QYLD would generate roughly $100.92/month, while SCHD would produce $26.17/month, at current distribution rates.
QYLD yield12.11%
SCHD yield3.14%
Monthly diff on $10K$74.75
Cost & efficiency
Over 10 years on $10,000, QYLD would cost approximately $610 in fees vs $60 for SCHD (simplified, not compounded). The $550.00 difference may be offset by yield or performance.
QYLD ER0.61%
SCHD ER0.06%
Strategy & risk
QYLD tracks NASDAQ 100 with a covered call approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 0.49 for QYLD and 0.58 for SCHD, indicating QYLD is less volatile relative to the market.
QYLD beta0.49
SCHD beta0.58
Fund details
QYLD is managed by Global X (launched 12/11/2013) with $8.22B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.
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Frequently asked questions
Is QYLD or SCHD better for dividend income?
It depends on your goals. QYLD currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between QYLD and SCHD?
QYLD (Global X Nasdaq 100 Covered Call ETF) tracks NASDAQ 100 with a covered call approach, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index. They are issued by Global X and Schwab respectively.
Can I hold both QYLD and SCHD?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, QYLD or SCHD?
QYLD has an expense ratio of 0.61% while SCHD charges 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QYLD vs SCHD generate?
At current rates, $10,000 in QYLD would generate roughly $100.92 per month ($1,211.00 annually). The same in SCHD would produce about $26.17 per month ($314.00 annually).
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