SCHD vs SLNZ
Schwab US Dividend Equity ETF vs TCW Senior Loan ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SLNZ offers more diversification with 128 holdings.
Side-by-Side Comparison
| Metric | SCHD | SLNZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.65% | |
| AUM | $103.7B | - | |
| Dividend Yield | 3.31% | 7.52% | |
| Holdings | 104 | 296 | |
| YTD Return | +25.58% | +2.44% | |
| 1Y Return | +31.06% | +4.59% | |
| 3Y Return (annualized) | +15.55% | - | |
| 5Y Return (annualized) | +9.61% | - | |
| Volatility (annualized) | 13.6% | 1.9% | |
| Max Drawdown | -33.4% | -2.6% | |
| Fund Family | Charles Schwab Asset Management | TCW ETFs | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Jun 28, 2013 |
SCHD vs SLNZ Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and TCW Senior Loan ETF (SLNZ) is a ETF from TCW ETFs. Over the past year SCHD returned +31.06% while SLNZ returned +4.59%. Year to date, SCHD is up 25.58% versus a gain of 2.44% for SLNZ.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.9% for SLNZ. 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 -33.4% for SCHD and -2.6% for SLNZ. 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 -0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SLNZ charges 0.65%. On a $10,000 position that is $6 vs $65 annually, a gap of $59 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.52% for SLNZ.
Holdings Overlap
SCHD and SLNZ share 0 holdings out of 228 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, SCHD or SLNZ?
SCHD has an expense ratio of 0.06% while SLNZ charges 0.65%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, SCHD or SLNZ?
Over the past year SCHD returned +31.06% vs +4.59% for SLNZ, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.46% vs +4.99% for SLNZ. Past performance does not guarantee future results.
Which is riskier, SCHD or SLNZ?
SCHD has been the more volatile fund at 13.6% annualized versus 1.9% for SLNZ. Worst drawdown: SCHD -33.4% vs SLNZ -2.6%.
Should I hold both SCHD and SLNZ?
SCHD and SLNZ have a monthly-return correlation of -0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SLNZ?
SCHD and SLNZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 228 unique securities.
Which pays a higher dividend, SCHD or SLNZ?
SCHD yields 3.31% while SLNZ yields 7.52%, so SLNZ currently pays the higher dividend yield.
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