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According to the daily charts, this exchange-traded fund with a high dividend yield of 3.67% has been under pressure as it has fallen below its short-term moving averages in the oversold territory.
What Happened: Schwab U.S. Dividend Equity ETF (NYSE:SCHD), which has an expense ratio of 0.06% and pays an annual dividend of $1.05 has declined 3.20% over the last month, as of Monday’s close. The ETF made its last dividend payment on Dec. 16, for the current year.
From a technical perspective, the analysis of daily moving averages indicates that the ETF may be under pressure in the short term.
The ETF ended at $27.87 apiece on Monday. This was below its eight and 20-day simple moving averages, of $28.30 and $28.82, respectively. As per Benzinga Pro data, its current price was also lower than the 50-day moving average at $28.65.
However, the stock was above its 200-day moving average of $27.15, which implies that it could still be in a long-term uptrend while it is testing fresh support levels near the average value.
This trend combined with a relative strength index of 31.22 could mean that the ETF must be experiencing a bearish short-term trend but a price reversal is possible as it is near the oversold levels.
There is a possibility that the ETF is taking a breather and it could stage a strong comeback. Historically, stocks and other assets often retreat after rising to a crucial level and then bounce back.
Why It Matters: When compared to its peers, the Schwab U.S. Dividend Equity ETF has the highest dividend yield for the least amount of expense ratio, according to Nasdaq’s data.
| Dividend ETFs | Expense Ratio | Dividend Yield | Annual Dividend |
| Schwab U.S. Dividend Equity ETF (NYSE:SCHD) | 0.06% | 3.67% | $1.058 |
| Vanguard High Dividend Yield Index Fund ETF Shares (NYSE:VYM) | 0.06% | 2.58% | $3.404 |
| iShares Core Dividend Growth ETF (NYSE:DGRO) | 0.08% | 2.54% | $1.6123 |
| iShares Core High Dividend ETF (NYSE:HDV) | 0.08% | 4.23% | $4.9179 |
| SPDR S&P Dividend ETF (NYSE:SDY) | 0.35% | 2.27% | $3.1408 |
However, on a year-to-date basis, Schwab U.S. Dividend Equity ETF has the poorest performance when compared to its peers.
| Dividend ETFs | YTD Performance |
| Schwab U.S. Dividend Equity ETF | 9.04% |
| Vanguard High Dividend Yield Index Fund ETF Shares | 17.32% |
| iShares Core Dividend Growth ETF | 17.14% |
| iShares Core High Dividend ETF | 10.77% |
| SPDR S&P Dividend ETF | 9.44% |
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