LTPZ vs SCHD
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund 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 | LTPZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $720M | $103.7B | |
| Dividend Yield | 4.15% | 3.31% | |
| Holdings | 24 | 104 | |
| YTD Return | -4.12% | +25.58% | |
| 1Y Return | -2.53% | +31.06% | |
| 3Y Return (annualized) | -0.76% | +15.55% | |
| 5Y Return (annualized) | -7.18% | +9.61% | |
| Volatility (annualized) | 11.8% | 13.6% | |
| Max Drawdown | -41.0% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 3, 2009 | Oct 20, 2011 |
LTPZ vs SCHD Performance
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ) is a ETF from PIMCO (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year LTPZ returned -2.53% while SCHD returned +31.06%. Year to date, LTPZ is down 4.12% versus a gain of 25.58% for SCHD.
Over three years, LTPZ compounded at -0.76% per year against +15.55% for SCHD; over five years the annualized figures are -7.18% and +9.61% respectively. Across the full 15-year window we track, SCHD has the edge at +11.46% annualized vs +1.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.8% for LTPZ. 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 -41.0% for LTPZ 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LTPZ charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, LTPZ currently yields 4.15% against 3.31% for SCHD.
Holdings Overlap
LTPZ and SCHD share 0 holdings out of 115 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, LTPZ or SCHD?
LTPZ has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, LTPZ or SCHD?
Over the past year LTPZ returned -2.53% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), LTPZ annualized +1.26% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, LTPZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.8% for LTPZ. Worst drawdown: LTPZ -41.0% vs SCHD -33.4%.
Should I hold both LTPZ and SCHD?
LTPZ and SCHD have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LTPZ and SCHD?
LTPZ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, LTPZ or SCHD?
LTPZ yields 4.15% while SCHD yields 3.31%, so LTPZ currently pays the higher dividend yield.
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