SCHD vs TBLD
Schwab US Dividend Equity ETF vs Thornburg Income Builder Opportunities Trust
Which is better, SCHD or TBLD?
Large Cap Value against Large Cap Growth.
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, TBLD over 3Y.
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 | TBLD |
|---|---|---|
| Expense Ratio | 0.06%Best | 1.65% |
| AUM | $112.1B | $757M |
| Dividend Yield | 3.00% | 5.29% |
| Holdings | 103 | 176 |
| YTD Return | +23.60%Best | +6.53% |
| 1Y Return | +28.29%Best | +9.46% |
| 3Y Return (annualized) | +16.25% | +19.70%Best |
| 5Y Return (annualized) | +10.25%Best | +8.36% |
| Volatility (annualized) | 14.8%Best | 15.5% |
| Max Drawdown | -16.9%Best | -33.6% |
| $10,000 over 5 years | $16,289Best | $14,940 |
| Fund Family | Charles Schwab Asset Management | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 20, 2011 | Jul 27, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 28, 2021 to Sep 21, 2026 (5.1 years).
SCHD vs TBLD 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 5.1 years both funds cover.
SCHD vs TBLD Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Thornburg Income Builder Opportunities Trust (TBLD) is an ETF from Thornburg Investment Management. Over the past year SCHD returned +28.29% while TBLD returned +9.46%. Year to date, SCHD is up 23.60% versus a gain of 6.53% for TBLD.
Over three years, SCHD compounded at +16.25% per year against +19.70% for TBLD; over five years the annualized figures are +10.25% and +8.36% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TBLD has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.8% for SCHD. 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 -16.9% for SCHD and -33.6% for TBLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TBLD charges 1.65%. On a $10,000 position that is $6 vs $165 annually, a gap of $159 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 5.29% for TBLD.
Holdings Overlap
At least 8.7% of SCHD's money is in holdings TBLD also owns.
Stated as a floor: for TBLD, our book for it covers 81.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and TBLD share little of their money.
The two holdings books were reported 153 days apart, SCHD as of Aug 31, 2026 and TBLD as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 100 positions we hold weights for in SCHD and 108 in TBLD, against full books of 103 and 176.
You are not choosing between two funds in isolation.
Whichever of SCHD and TBLD 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 TBLD?
SCHD has an expense ratio of 0.06% while TBLD charges 1.65%. SCHD is the cheaper option, by $159 a year on a $10,000 investment.
Which performed better, SCHD or TBLD?
Over the past year SCHD returned +28.29% vs +9.46% for TBLD, 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 TBLD?
TBLD has been the more volatile fund at 15.5% annualized versus 14.8% for SCHD. Worst drawdown: SCHD -16.9% vs TBLD -33.6%.
Should I hold both SCHD and TBLD?
SCHD and TBLD have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and TBLD?
At least 8.7% of SCHD's money is in holdings TBLD also owns. Our book for TBLD is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 100 positions we hold weights for in SCHD and 108 in TBLD.
Which pays a higher dividend, SCHD or TBLD?
SCHD yields 3.00% while TBLD yields 5.29%, so TBLD currently pays the higher dividend yield.
Is TBLD better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, TBLD over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.