SCHD vs TCV
Schwab US Dividend Equity ETF vs Towle Value ETF
Quick Verdict
SCHD has a lower expense ratio. TCV delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | TCV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.85% | |
| AUM | $103.7B | $209M | |
| Dividend Yield | 3.31% | 0.58% | |
| Holdings | 104 | 43 | |
| YTD Return | +26.21% | +30.40% | |
| 1Y Return | +29.99% | +39.11% | |
| 3Y Return (annualized) | +15.73% | - | |
| 5Y Return (annualized) | +9.67% | - | |
| Volatility (annualized) | 13.6% | 15.8% | |
| Max Drawdown | -33.4% | -12.2% | |
| Fund Family | Charles Schwab Asset Management | Towle | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jul 16, 2025 |
SCHD vs TCV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Towle Value ETF (TCV) is a ETF from Towle. Over the past year SCHD returned +29.99% while TCV returned +39.11%. Year to date, SCHD is up 26.21% versus a gain of 30.40% for TCV.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -12.2% for TCV. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TCV charges 0.85%. On a $10,000 position that is $6 vs $85 annually, a gap of $79 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.58% for TCV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, SCHD or TCV?
SCHD has an expense ratio of 0.06% while TCV charges 0.85%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, SCHD or TCV?
Over the past year SCHD returned +29.99% vs +39.11% for TCV, so TCV leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.50% vs +34.51% for TCV. Past performance does not guarantee future results.
Which is riskier, SCHD or TCV?
TCV has been the more volatile fund at 15.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TCV -12.2%.
Should I hold both SCHD and TCV?
SCHD and TCV have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TCV?
SCHD and TCV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, SCHD or TCV?
SCHD yields 3.31% while TCV yields 0.58%, so SCHD currently pays the higher dividend yield.
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