SCHD vs TBIL
Schwab US Dividend Equity ETF vs F/m US Treasury 3 Month Bill ETF
Which is better, SCHD or TBIL?
Large Cap Value against Short Term High Quality.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window.
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 | TBIL |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.15% |
| AUM | $112.1B | $7.2B |
| Dividend Yield | 3.00% | 4.00% |
| Holdings | 103 | 10 |
| YTD Return | +23.46%Best | +2.53% |
| 1Y Return | +27.20%Best | +3.72% |
| 3Y Return (annualized) | +15.41%Best | +4.48% |
| 5Y Return (annualized) | +10.16% | - |
| Volatility (annualized) | 14.7% | 0.3%Best |
| Max Drawdown | -16.1% | -0.1%Best |
| $10,000 over 4.1 years | $15,047Best | $11,968 |
| Fund Family | Charles Schwab Asset Management | US Benchmark Series |
| Category | Equity | Fixed Income |
| Style | Large Cap Value | Short Term High Quality |
| Inception | Oct 20, 2011 | Aug 8, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 18, 2022 to Sep 18, 2026 (4.1 years).
SCHD vs TBIL 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 4.1 years both funds cover.
SCHD vs TBIL Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and F/m US Treasury 3 Month Bill ETF (TBIL) is an ETF from US Benchmark Series. Over the past year SCHD returned +27.20% while TBIL returned +3.72%. Year to date, SCHD is up 23.46% versus a gain of 2.53% for TBIL.
Over three years, SCHD compounded at +15.41% per year against +4.48% for TBIL. Across the full 4-year window we track, SCHD has the edge at +10.48% annualized vs +4.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.7% 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 -16.1% for SCHD and -0.1% for TBIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.14. They move largely independently of each other.
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 3.00% against 4.00% for TBIL.
You are not choosing between two funds in isolation.
Whichever of SCHD and TBIL 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 TBIL?
SCHD has an expense ratio of 0.06% while TBIL charges 0.15%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, SCHD or TBIL?
Over the past year SCHD returned +27.20% vs +3.72% for TBIL, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), SCHD annualized +10.48% vs +4.48% for TBIL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TBIL?
SCHD has been the more volatile fund at 14.7% annualized versus 0.3% for TBIL. Worst drawdown: SCHD -16.1% vs TBIL -0.1%.
Should I hold both SCHD and TBIL?
SCHD and TBIL have a monthly-return correlation of -0.14, 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 TBIL?
SCHD yields 3.00% while TBIL yields 4.00%, so TBIL currently pays the higher dividend yield.
Is TBIL better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.