BILS vs SCHD
State Street SPDR Bloomberg 3-12 Month T-Bill ETF vs Schwab US Dividend Equity ETF
Which is better, BILS or SCHD?
Ultrashort Term Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BILS | SCHD |
|---|---|---|
| Expense Ratio | 0.14% | 0.06%Best |
| AUM | $3.9B | $112.1B |
| Dividend Yield | 3.72% | 3.00% |
| Holdings | 25 | 103 |
| YTD Return | +2.41% | +23.60%Best |
| 1Y Return | +3.55% | +28.29%Best |
| 3Y Return (annualized) | +4.48% | +16.25%Best |
| 5Y Return (annualized) | +3.51% | +10.25%Best |
| Volatility (annualized) | 0.7%Best | 15.2% |
| Max Drawdown | -0.4%Best | -16.9% |
| $10,000 over 5 years | $11,883 | $16,289Best |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Ultrashort Term Bond | Large Cap Value |
| Inception | Sep 24, 2020 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2020 to Sep 21, 2026 (6 years).
BILS vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6 years both funds cover.
BILS vs SCHD Performance
State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year BILS returned +3.55% while SCHD returned +28.29%. Year to date, BILS is up 2.41% versus a gain of 23.60% for SCHD.
Over three years, BILS compounded at +4.48% per year against +16.25% for SCHD; over five years the annualized figures are +3.51% and +10.25% respectively. Across the full 6-year window we track, SCHD has the edge at +14.78% annualized vs +2.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 0.7% for BILS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.4% for BILS and -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.01. They move largely independently of each other.
Fees and Cost Over Time
BILS charges 0.14% per year while SCHD charges 0.06%. On a $10,000 position that is $14 vs $6 annually, a gap of $8 per year that compounds over a long holding period. On income, BILS currently yields 3.72% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 1 holding in BILS and 100 in SCHD, totalling 2.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in BILS and 100 in SCHD, against full books of 25 and 103.
You are not choosing between two funds in isolation.
Whichever of BILS and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BILS or SCHD?
BILS has an expense ratio of 0.14% while SCHD charges 0.06%. SCHD is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, BILS or SCHD?
Over the past year BILS returned +3.55% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), BILS annualized +2.92% vs +14.78% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BILS or SCHD?
SCHD has been the more volatile fund at 15.2% annualized versus 0.7% for BILS. Worst drawdown: BILS -0.4% vs SCHD -16.9%.
Should I hold both BILS and SCHD?
BILS and SCHD have a monthly-return correlation of -0.01, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BILS or SCHD?
BILS yields 3.72% while SCHD yields 3.00%, so BILS currently pays the higher dividend yield.
Is SCHD better than BILS?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.