SCHD vs TBF
Schwab US Dividend Equity ETF vs ProShares Short 20+ Year Treasury
Which is better, SCHD or TBF?
Large Cap Value against Trading-Inverse Debt.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window, TBF over 5Y.
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 | TBF |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.95% |
| AUM | $112.1B | $116M |
| Dividend Yield | 3.00% | 2.66% |
| Holdings | 103 | 10 |
| YTD Return | +23.46%Best | +7.83% |
| 1Y Return | +27.20%Best | +10.71% |
| 3Y Return (annualized) | +15.41%Best | +5.72% |
| 5Y Return (annualized) | +10.16% | +12.97%Best |
| Volatility (annualized) | 13.7% | 13.0%Best |
| Max Drawdown | -33.4%Best | -58.0% |
| $10,000 over 5 years | $16,223 | $18,400Best |
| Fund Family | Charles Schwab Asset Management | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Value | Trading-Inverse Debt |
| Inception | Oct 20, 2011 | Aug 18, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
SCHD vs TBF 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 14.9 years both funds cover.
SCHD vs TBF Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and ProShares Short 20+ Year Treasury (TBF) is an ETF from ProShares. Over the past year SCHD returned +27.20% while TBF returned +10.71%. Year to date, SCHD is up 23.46% versus a gain of 7.83% for TBF.
Over three years, SCHD compounded at +15.41% per year against +5.72% for TBF; over five years the annualized figures are +10.16% and +12.97% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs -0.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.0% for TBF. 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 -58.0% for TBF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.00. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while TBF charges 0.95%. On a $10,000 position that is $6 vs $95 annually, a gap of $89 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 2.66% for TBF.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 1 in TBF, totalling 100.0% and 69.1% 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 1 in TBF, against full books of 103 and 10.
You are not choosing between two funds in isolation.
Whichever of SCHD and TBF 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 TBF?
SCHD has an expense ratio of 0.06% while TBF charges 0.95%. SCHD is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, SCHD or TBF?
Over the past year SCHD returned +27.20% vs +10.71% for TBF, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.25% vs -0.94% for TBF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TBF?
SCHD has been the more volatile fund at 13.7% annualized versus 13.0% for TBF. Worst drawdown: SCHD -33.4% vs TBF -58.0%.
Should I hold both SCHD and TBF?
SCHD and TBF have a monthly-return correlation of 0.00, 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 TBF?
SCHD yields 3.00% while TBF yields 2.66%, so SCHD currently pays the higher dividend yield.
Is TBF better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window, TBF over 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.