HYBX vs SCHD
TCW High Yield Bond ETF vs Schwab US Dividend Equity ETF
Which is better, HYBX or SCHD?
High Yield Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | HYBX | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | - | $112.1B |
| Dividend Yield | 7.83% | 3.00% |
| Holdings | 278 | 103 |
| YTD Return | +1.91% | +21.99%Best |
| 1Y Return | +2.48% | +25.92%Best |
| 3Y Return (annualized) | - | +15.66% |
| 5Y Return (annualized) | - | +9.48% |
| Volatility (annualized) | 2.9%Best | 14.5% |
| Max Drawdown | -3.9%Best | -16.1% |
| $10,000 over 1.8 years | $10,873 | $12,261Best |
| Fund Family | TCW ETFs | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Value |
| Inception | Feb 1, 1989 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Nov 18, 2024 to Sep 23, 2026 (1.8 years).
HYBX 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 1.8 years both funds cover.
HYBX vs SCHD Performance
TCW High Yield Bond ETF (HYBX) is an ETF from TCW ETFs and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year HYBX returned +2.48% while SCHD returned +25.92%. Year to date, HYBX is up 1.91% versus a gain of 21.99% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 2.9% for HYBX. 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 -3.9% for HYBX and -16.1% 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 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HYBX charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, HYBX currently yields 7.83% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 152 holdings in HYBX and 100 in SCHD, totalling 63.0% 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 152 positions we hold weights for in HYBX and 100 in SCHD, against full books of 278 and 103.
You are not choosing between two funds in isolation.
Whichever of HYBX 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, HYBX or SCHD?
HYBX has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, HYBX or SCHD?
Over the past year HYBX returned +2.48% vs +25.92% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), HYBX annualized +4.76% vs +11.99% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYBX or SCHD?
SCHD has been the more volatile fund at 14.5% annualized versus 2.9% for HYBX. Worst drawdown: HYBX -3.9% vs SCHD -16.1%.
Should I hold both HYBX and SCHD?
HYBX and SCHD have a monthly-return correlation of 0.53, 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, HYBX or SCHD?
HYBX yields 7.83% while SCHD yields 3.00%, so HYBX currently pays the higher dividend yield.
Is SCHD better than HYBX?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.