SCHD vs TCAL
Schwab US Dividend Equity ETF vs T. Rowe Price Capital Appreciation Premium Income ETF
Which is better, SCHD or TCAL?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | TCAL |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.34% |
| AUM | $119.9B | $321M |
| Dividend Yield | 2.96% | 10.80% |
| Holdings | 204 | 614 |
| YTD Return | +33.09%Best | +7.80% |
| 1Y Return | +37.17%Best | +7.23% |
| 3Y Return (annualized) | +20.32% | - |
| 5Y Return (annualized) | +10.36% | - |
| Volatility (annualized) | 15.7% | 9.5%Best |
| Max Drawdown | -13.0% | -7.2%Best |
| $10,000 over 1.6 years | $13,627Best | $10,966 |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Mar 26, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 27, 2025 to Nov 11, 2026 (1.6 years).
SCHD vs TCAL 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 1.6 years both funds cover.
SCHD vs TCAL Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an ETF from T.Rowe Price. Over the past year SCHD returned +37.17% while TCAL returned +7.23%. Year to date, SCHD is up 33.09% versus a gain of 7.80% for TCAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 9.5% for TCAL. 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 -13.0% for SCHD and -7.2% for TCAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TCAL charges 0.34%. On a $10,000 position that is $6 vs $34 annually, a gap of $28 per year that compounds over a long holding period. On income, SCHD currently yields 2.96% against 10.80% for TCAL.
You are not choosing between two funds in isolation.
Whichever of SCHD and TCAL 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 TCAL?
SCHD has an expense ratio of 0.06% while TCAL charges 0.34%. SCHD is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, SCHD or TCAL?
Over the past year SCHD returned +37.17% vs +7.23% for TCAL, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +21.34% vs +5.93% for TCAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TCAL?
SCHD has been the more volatile fund at 15.7% annualized versus 9.5% for TCAL. Worst drawdown: SCHD -13.0% vs TCAL -7.2%.
Should I hold both SCHD and TCAL?
SCHD and TCAL have a monthly-return correlation of 0.75, 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 TCAL?
SCHD yields 2.96% while TCAL yields 10.80%, so TCAL currently pays the higher dividend yield.
Is TCAL better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.