SCHD vs SPTB
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio Treasury ETF
Quick Verdict
SPTB has a lower expense ratio. SCHD delivered stronger 1-year returns. SPTB offers more diversification with 242 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPTB | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $103.7B | $289M | |
| Dividend Yield | 3.31% | 4.18% | |
| Holdings | 104 | 284 | |
| YTD Return | +25.33% | -0.83% | |
| 1Y Return | +32.31% | +1.12% | |
| 3Y Return (annualized) | +15.40% | - | |
| 5Y Return (annualized) | +9.70% | - | |
| Volatility (annualized) | 13.6% | 3.9% | |
| Max Drawdown | -33.4% | -5.0% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Money Market | |
| Inception | Oct 20, 2011 | May 20, 2024 |
SCHD vs SPTB Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio Treasury ETF (SPTB) is a ETF from State Street Investment Management. Over the past year SCHD returned +32.31% while SPTB returned +1.12%. Year to date, SCHD is up 25.33% versus a loss of 0.83% for SPTB.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.9% for SPTB. 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 -5.0% for SPTB. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPTB charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.18% for SPTB.
Holdings Overlap
SCHD and SPTB share 0 holdings out of 342 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 SPTB?
SCHD has an expense ratio of 0.06% while SPTB charges 0.03%. SPTB is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SCHD or SPTB?
Over the past year SCHD returned +32.31% vs +1.12% for SPTB, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.45% vs +3.15% for SPTB. Past performance does not guarantee future results.
Which is riskier, SCHD or SPTB?
SCHD has been the more volatile fund at 13.6% annualized versus 3.9% for SPTB. Worst drawdown: SCHD -33.4% vs SPTB -5.0%.
Should I hold both SCHD and SPTB?
SCHD and SPTB have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPTB?
SCHD and SPTB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 342 unique securities.
Which pays a higher dividend, SCHD or SPTB?
SCHD yields 3.31% while SPTB yields 4.18%, so SPTB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.