SCHD vs TBG
Schwab US Dividend Equity ETF vs TBG Dividend Focus ETF
Which is better, SCHD or TBG?
Large Cap Value against All Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, TBG over 3Y. The two have moved almost in lockstep, correlation 0.94. TBG is less concentrated, with 39.5% 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 | TBG |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.45% |
| AUM | $108.9B | $276M |
| Dividend Yield | 3.00% | 2.53% |
| Holdings | 206 | 78 |
| YTD Return | +20.67%Best | +10.25% |
| 1Y Return | +22.79%Best | +12.47% |
| 3Y Return (annualized) | +15.93% | +16.71%Best |
| 5Y Return (annualized) | +9.26% | - |
| Volatility (annualized) | 13.3% | 12.3%Best |
| Max Drawdown | -16.1% | -14.8%Best |
| $10,000 over 2.9 years | $15,685Best | $15,654 |
| Top 10 Weight | 41.8% | 39.5%Best |
| Fund Family | Charles Schwab Asset Management | EA Series Trust |
| Category | Equity | Equity |
| Style | Large Cap Value | All Cap Blend |
| Inception | Oct 20, 2011 | Nov 6, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 7, 2023 to Oct 1, 2026 (2.9 years).
SCHD vs TBG 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 2.9 years both funds cover.
SCHD vs TBG Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and TBG Dividend Focus ETF (TBG) is an ETF from EA Series Trust. Over the past year SCHD returned +22.79% while TBG returned +12.47%. Year to date, SCHD is up 20.67% versus a gain of 10.25% for TBG.
Over three years, SCHD compounded at +15.93% per year against +16.71% for TBG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 12.3% for TBG. 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 -16.1% for SCHD and -14.8% for TBG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while TBG charges 0.45%. On a $10,000 position that is $6 vs $45 annually, a gap of $39 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 2.53% for TBG.
Holdings Overlap
43.0% of SCHD's money is in holdings TBG also owns. 44.8% of TBG's money is in holdings SCHD also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 99 positions we hold weights for in SCHD and 38 in TBG, against full books of 206 and 78.
What only one of them owns
Our book lists 22 positions for TBG that do not appear in our book for SCHD (53.4% of the fund), and 83 for SCHD that do not appear in TBG (57.0%).
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.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TBG | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 4.57% | 0.20% |
| CVXChevron Corp | 4.29% | 4.03% | 0.26% |
| VZVerizon Communications Inc Vz | 4.12% | 4.06% | 0.06% |
| PGProcter & Gamble Company | 3.94% | 3.52% | 0.42% |
| PEPPepsico Inc. | 3.63% | 3.25% | 0.38% |
| BXBlackstone Group Inc. Class A | 2.39% | 4.47% | 2.08% |
| AMGNAmgen Inc. | 4.24% | 2.40% | 1.84% |
| UNHUnitedhealth Group Incorporated | 3.82% | 2.52% | 1.30% |
| ACNAccenture Plc | 2.83% | 3.26% | 0.43% |
| TXNTexas Instrument Inc | 3.31% | 1.69% | 1.62% |
44.8% of TBG is already inside SCHD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TBG?
SCHD has an expense ratio of 0.06% while TBG charges 0.45%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, SCHD or TBG?
Over the past year SCHD returned +22.79% vs +12.47% for TBG, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TBG?
SCHD has been the more volatile fund at 13.3% annualized versus 12.3% for TBG. Worst drawdown: SCHD -16.1% vs TBG -14.8%.
Should I hold both SCHD and TBG?
SCHD and TBG have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHD and TBG?
44.8% of TBG's money is in holdings SCHD also owns. 44.8% of TBG's is in holdings SCHD also owns. They hold 15 positions in common, counted across the 99 positions we hold weights for in SCHD and 38 in TBG.
Which pays a higher dividend, SCHD or TBG?
SCHD yields 3.00% while TBG yields 2.53%, so SCHD currently pays the higher dividend yield.
Is TBG better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, TBG over 3Y. The two have moved almost in lockstep, correlation 0.94. TBG is less concentrated, with 39.5% 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.