SCHD vs TBIL
SCHD vs TBIL
Schwab US Dividend Equity ETF vs F/m US Treasury 3 Month Bill ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TBIL | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.15% | |
| AUM | $103.7B | $7.2B | |
| Dividend Yield | 3.31% | 4.12% | |
| Holdings | 104 | 4 | |
| YTD Return | +24.26% | +2.13% | |
| 1Y Return | +31.38% | +3.84% | |
| 3Y Return (annualized) | +15.08% | +4.56% | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 0.3% | |
| Max Drawdown | -33.4% | -0.1% | |
| Fund Family | Charles Schwab Asset Management | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Aug 8, 2022 |
SCHD vs TBIL Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and F/m US Treasury 3 Month Bill ETF (TBIL) is a ETF from US Benchmark Series. Over the past year SCHD returned +31.38% while TBIL returned +3.84%. Year to date, SCHD is up 24.26% versus a gain of 2.13% for TBIL.
Over three years, SCHD compounded at +15.08% per year against +4.56% for TBIL. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +4.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.3% for TBIL. 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 -0.1% for TBIL. 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 -0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TBIL charges 0.15%. On a $10,000 position that is $6 vs $15 annually, a gap of $9 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.12% for TBIL.
Holdings Overlap
SCHD and TBIL share 0 holdings out of 101 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 TBIL?
SCHD has an expense ratio of 0.06% while TBIL charges 0.15%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SCHD or TBIL?
Over the past year SCHD returned +31.38% vs +3.84% for TBIL, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), SCHD annualized +11.39% vs +4.51% for TBIL. Past performance does not guarantee future results.
Which is riskier, SCHD or TBIL?
SCHD has been the more volatile fund at 13.6% annualized versus 0.3% for TBIL. Worst drawdown: SCHD -33.4% vs TBIL -0.1%.
Should I hold both SCHD and TBIL?
SCHD and TBIL have a monthly-return correlation of -0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TBIL?
SCHD and TBIL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or TBIL?
SCHD yields 3.31% while TBIL yields 4.12%, so TBIL currently pays the higher dividend yield.
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