SCHD vs TBX
Schwab US Dividend Equity ETF vs ProShares Short 7-10 Year Treasury
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 | TBX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $16M | |
| Dividend Yield | 3.31% | 2.89% | |
| Holdings | 104 | 5 | |
| YTD Return | +25.62% | +4.57% | |
| 1Y Return | +32.62% | +4.77% | |
| 3Y Return (annualized) | +15.58% | +2.56% | |
| 5Y Return (annualized) | +9.63% | +6.01% | |
| Volatility (annualized) | 13.6% | 6.4% | |
| Max Drawdown | -33.4% | -42.4% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Apr 4, 2011 |
SCHD vs TBX Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Short 7-10 Year Treasury (TBX) is a ETF from ProShares. Over the past year SCHD returned +32.62% while TBX returned +4.77%. Year to date, SCHD is up 25.62% versus a gain of 4.57% for TBX.
Over three years, SCHD compounded at +15.58% per year against +2.56% for TBX; over five years the annualized figures are +9.63% and +6.01% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs -1.38%. 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 6.4% for TBX. 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 -42.4% for TBX. 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TBX 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 3.31% against 2.89% for TBX.
Holdings Overlap
SCHD and TBX 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 TBX?
SCHD has an expense ratio of 0.06% while TBX charges 0.95%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, SCHD or TBX?
Over the past year SCHD returned +32.62% vs +4.77% for TBX, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.47% vs -1.38% for TBX. Past performance does not guarantee future results.
Which is riskier, SCHD or TBX?
SCHD has been the more volatile fund at 13.6% annualized versus 6.4% for TBX. Worst drawdown: SCHD -33.4% vs TBX -42.4%.
Should I hold both SCHD and TBX?
SCHD and TBX have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TBX?
SCHD and TBX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or TBX?
SCHD yields 3.31% while TBX yields 2.89%, so SCHD currently pays the higher dividend yield.
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