SCHD vs TAX
Schwab US Dividend Equity ETF vs Cambria Tax Aware ETF
Which is better, SCHD or TAX?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. TAX is less concentrated, with 15.9% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | TAX |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.54% |
| AUM | $112.1B | $25M |
| Dividend Yield | 3.00% | 0.32% |
| Holdings | 103 | 101 |
| YTD Return | +25.07%Best | +7.28% |
| 1Y Return | +27.61%Best | +10.98% |
| 3Y Return (annualized) | +15.74% | - |
| 5Y Return (annualized) | +9.89% | - |
| Volatility (annualized) | 13.1% | 12.8%Best |
| Max Drawdown | -14.0%Best | -18.9% |
| $10,000 over 1.7 years | $13,244Best | $12,641 |
| Top 10 Weight | 41.8% | 15.9%Best |
| Fund Family | Charles Schwab Asset Management | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Dec 18, 2024 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 18, 2024 to Sep 11, 2026 (1.7 years).
SCHD vs TAX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
SCHD vs TAX Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Cambria Tax Aware ETF (TAX) is an ETF from Cambria Investment Management. Over the past year SCHD returned +27.61% while TAX returned +10.98%. Year to date, SCHD is up 25.07% versus a gain of 7.28% for TAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.8% for TAX. 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 -14.0% for SCHD and -18.9% for TAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.21. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while TAX charges 0.54%. On a $10,000 position that is $6 vs $54 annually, a gap of $48 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.32% for TAX.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 98 in TAX, totalling 100.0% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 98 in TAX, against full books of 103 and 101.
What only one of them owns
Our book lists 97 positions for TAX that do not appear in our book for SCHD (97.8% of the fund), and 99 for SCHD that do not appear in TAX (99.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SCHD and TAX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TAX?
SCHD has an expense ratio of 0.06% while TAX charges 0.54%. SCHD is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, SCHD or TAX?
Over the past year SCHD returned +27.61% vs +10.98% for TAX, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +17.97% vs +14.78% for TAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TAX?
SCHD has been the more volatile fund at 13.1% annualized versus 12.8% for TAX. Worst drawdown: SCHD -14.0% vs TAX -18.9%.
Should I hold both SCHD and TAX?
SCHD and TAX have a monthly-return correlation of 0.21, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or TAX?
SCHD yields 3.00% while TAX yields 0.32%, so SCHD currently pays the higher dividend yield.
Is TAX better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. TAX is less concentrated, with 15.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.