IBTP vs SCHD
IBTP vs SCHD
iShares iBonds Dec 2034 Term Treasury ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | IBTP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.06% | |
| AUM | $283M | $103.7B | |
| Dividend Yield | 4.03% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | -1.03% | +24.26% | |
| 1Y Return | +1.17% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 5.4% | 13.6% | |
| Max Drawdown | -6.9% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 11, 2024 | Oct 20, 2011 |
IBTP vs SCHD Performance
iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IBTP returned +1.17% while SCHD returned +31.38%. Year to date, IBTP is down 1.03% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.4% for IBTP. 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 -6.9% for IBTP 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IBTP charges 0.07% per year while SCHD charges 0.06%. On a $10,000 position that is $7 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, IBTP currently yields 4.03% against 3.31% for SCHD.
Holdings Overlap
IBTP and SCHD share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IBTP or SCHD?
IBTP has an expense ratio of 0.07% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IBTP or SCHD?
Over the past year IBTP returned +1.17% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), IBTP annualized +3.77% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, IBTP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.4% for IBTP. Worst drawdown: IBTP -6.9% vs SCHD -33.4%.
Should I hold both IBTP and SCHD?
IBTP and SCHD have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IBTP and SCHD?
IBTP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, IBTP or SCHD?
IBTP yields 4.03% while SCHD yields 3.31%, so IBTP currently pays the higher dividend yield.
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