SCHD vs TAXS
Schwab US Dividend Equity ETF vs Northern Trust Short Term Tax-Exempt Bond ETF
Quick Verdict
TAXS has a lower expense ratio. SCHD delivered stronger 1-year returns. TAXS offers more diversification with 1,098 holdings.
Side-by-Side Comparison
| Metric | SCHD | TAXS | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.05% | |
| AUM | $108.7B | $131M | |
| Dividend Yield | 3.13% | 2.04% | |
| Holdings | 104 | 1,098 | |
| YTD Return | +27.67% | +1.14% | |
| 1Y Return | +31.26% | +2.47% | |
| 3Y Return (annualized) | +16.66% | - | |
| 5Y Return (annualized) | +10.18% | - | |
| Volatility (annualized) | 13.6% | 1.4% | |
| Max Drawdown | -33.4% | -0.8% | |
| Fund Family | Charles Schwab Asset Management | Northern Trust Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Mar 1, 2025 |
SCHD vs TAXS Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Northern Trust Short Term Tax-Exempt Bond ETF (TAXS) is a ETF from Northern Trust Asset Management. Over the past year SCHD returned +31.26% while TAXS returned +2.47%. Year to date, SCHD is up 27.67% versus a gain of 1.14% for TAXS.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.4% for TAXS. 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 -0.8% for TAXS. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TAXS charges 0.05%. On a $10,000 position that is $6 vs $5 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 2.04% for TAXS.
Holdings Overlap
SCHD and TAXS share 0 holdings out of 458 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 TAXS?
SCHD has an expense ratio of 0.06% while TAXS charges 0.05%. TAXS is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SCHD or TAXS?
Over the past year SCHD returned +31.26% vs +2.47% for TAXS, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.57% vs +2.45% for TAXS. Past performance does not guarantee future results.
Which is riskier, SCHD or TAXS?
SCHD has been the more volatile fund at 13.6% annualized versus 1.4% for TAXS. Worst drawdown: SCHD -33.4% vs TAXS -0.8%.
Should I hold both SCHD and TAXS?
SCHD and TAXS have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TAXS?
SCHD and TAXS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 458 unique securities.
Which pays a higher dividend, SCHD or TAXS?
SCHD yields 3.13% while TAXS yields 2.04%, so SCHD 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.