HYBX vs SCHD
TCW High Yield Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. HYBX offers more diversification with 219 holdings.
Side-by-Side Comparison
| Metric | HYBX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 7.66% | 3.31% | |
| Holdings | 307 | 104 | |
| YTD Return | +1.61% | +25.58% | |
| 1Y Return | +4.04% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 2.8% | 13.6% | |
| Max Drawdown | -3.9% | -33.4% | |
| Fund Family | TCW ETFs | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 1, 1989 | Oct 20, 2011 |
HYBX vs SCHD Performance
TCW High Yield Bond ETF (HYBX) is a ETF from TCW ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HYBX returned +4.04% while SCHD returned +31.06%. Year to date, HYBX is up 1.61% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.8% 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
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 7.66% against 3.31% for SCHD.
Holdings Overlap
HYBX and SCHD share 1 holdings out of 318 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HYBX | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.74% | 0.04% | 0.70% |
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. On a $10,000 investment, that is $44 per year of difference.
Which performed better, HYBX or SCHD?
Over the past year HYBX returned +4.04% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), HYBX annualized +4.90% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, HYBX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.8% for HYBX. Worst drawdown: HYBX -3.9% vs SCHD -33.4%.
Should I hold both HYBX and SCHD?
HYBX and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBX and SCHD?
HYBX and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 318 unique securities.
Which pays a higher dividend, HYBX or SCHD?
HYBX yields 7.66% while SCHD yields 3.31%, so HYBX currently pays the higher dividend yield.
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