QTPI vs SCHD
North Square RCIM Tax-Advantaged Preferred and Income Securities 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 | QTPI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $80M | $103.7B | |
| Dividend Yield | 4.83% | 3.31% | |
| Holdings | 102 | 104 | |
| YTD Return | +1.39% | +25.58% | |
| 1Y Return | +3.93% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 2.6% | 13.6% | |
| Max Drawdown | -4.1% | -33.4% | |
| Fund Family | North Square Investments, LLC | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 18, 2024 | Oct 20, 2011 |
QTPI vs SCHD Performance
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is a ETF from North Square Investments, LLC and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year QTPI returned +3.93% while SCHD returned +31.06%. Year to date, QTPI is up 1.39% 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 2.6% for QTPI. 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 -4.1% for QTPI 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
QTPI charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, QTPI currently yields 4.83% against 3.31% for SCHD.
Holdings Overlap
QTPI and SCHD share 1 holdings out of 154 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QTPI | Weight in SCHD | Difference |
|---|---|---|---|
| FITB | 1.38% | 1.35% | 0.03% |
Frequently Asked Questions
Which is cheaper, QTPI or SCHD?
QTPI has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, QTPI or SCHD?
Over the past year QTPI returned +3.93% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), QTPI annualized +5.64% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, QTPI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.6% for QTPI. Worst drawdown: QTPI -4.1% vs SCHD -33.4%.
Should I hold both QTPI and SCHD?
QTPI 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 QTPI and SCHD?
QTPI and SCHD share 1 common holdings with a 1.4% weight overlap. Combined, they hold 154 unique securities.
Which pays a higher dividend, QTPI or SCHD?
QTPI yields 4.83% while SCHD yields 3.31%, so QTPI currently pays the higher dividend yield.
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