SCHD vs TCAI
Schwab US Dividend Equity ETF vs Tortoise AI Infrastructure ETF
Quick Verdict
SCHD has a lower expense ratio. TCAI delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | TCAI | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.65% | |
| AUM | $108.7B | $245M | |
| Dividend Yield | 3.13% | 0.03% | |
| Holdings | 104 | 51 | |
| YTD Return | +26.54% | +62.65% | |
| 1Y Return | +30.90% | +99.41% | |
| 3Y Return (annualized) | +16.29% | - | |
| 5Y Return (annualized) | +9.65% | - | |
| Volatility (annualized) | 13.6% | 46.3% | |
| Max Drawdown | -33.4% | -28.8% | |
| Fund Family | Charles Schwab Asset Management | Tortoise Capital | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Aug 4, 2025 |
SCHD vs TCAI Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Tortoise AI Infrastructure ETF (TCAI) is a ETF from Tortoise Capital. Over the past year SCHD returned +30.90% while TCAI returned +99.41%. Year to date, SCHD is up 26.54% versus a gain of 62.65% for TCAI.
Risk: Volatility and Drawdowns
TCAI has been the more volatile fund, with annualized monthly volatility of 46.3% compared with 13.6% 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 -33.4% for SCHD and -28.8% for TCAI. 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TCAI charges 0.65%. On a $10,000 position that is $6 vs $65 annually, a gap of $59 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.03% for TCAI.
Holdings Overlap
SCHD and TCAI share 0 holdings out of 150 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 TCAI?
SCHD has an expense ratio of 0.06% while TCAI charges 0.65%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, SCHD or TCAI?
Over the past year SCHD returned +30.90% vs +99.41% for TCAI, so TCAI leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.51% vs +97.16% for TCAI. Past performance does not guarantee future results.
Which is riskier, SCHD or TCAI?
TCAI has been the more volatile fund at 46.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TCAI -28.8%.
Should I hold both SCHD and TCAI?
SCHD and TCAI have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TCAI?
SCHD and TCAI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, SCHD or TCAI?
SCHD yields 3.13% while TCAI yields 0.03%, so SCHD currently pays the higher dividend yield.
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