SCHD vs TCV
Schwab US Dividend Equity ETF vs Towle Value ETF
Which is better, SCHD or TCV?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, TCV over the full window. TCV is less concentrated, with 29.5% of the fund in its ten largest positions against 41.8%.
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 | TCV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.85% |
| AUM | $112.1B | $203M |
| Dividend Yield | 3.00% | 0.56% |
| Holdings | 103 | 50 |
| YTD Return | +21.99% | +22.62%Best |
| 1Y Return | +25.92%Best | +25.41% |
| 3Y Return (annualized) | +15.66% | - |
| 5Y Return (annualized) | +9.48% | - |
| Volatility (annualized) | 13.9%Best | 16.3% |
| Max Drawdown | -5.5%Best | -12.2% |
| $10,000 over 1.2 years | $12,750 | $12,966Best |
| Top 10 Weight | 41.8% | 29.5%Best |
| Fund Family | Charles Schwab Asset Management | Towle |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Jul 16, 2025 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 17, 2025 to Sep 23, 2026 (1.2 years).
SCHD vs TCV 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 1.2 years both funds cover.
SCHD vs TCV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Towle Value ETF (TCV) is an ETF from Towle. Over the past year SCHD returned +25.92% while TCV returned +25.41%. Year to date, SCHD is up 21.99% versus a gain of 22.62% for TCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 13.9% 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 -5.5% for SCHD and -12.2% for TCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
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 3.00% against 0.56% for TCV.
Holdings Overlap
0.1% of SCHD's money is in holdings TCV also owns. 5.0% of TCV's money is in holdings SCHD also owns.
TCV and SCHD share little of their money.
2 positions in common, counted across the 100 positions we hold weights for in SCHD and 51 in TCV, against full books of 103 and 50.
What only one of them owns
Our book lists 47 positions for TCV that do not appear in our book for SCHD (91.0% of the fund), and 97 for SCHD that do not appear in TCV (99.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SCHD and TCV 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 TCV?
SCHD has an expense ratio of 0.06% while TCV charges 0.85%. SCHD is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, SCHD or TCV?
Over the past year SCHD returned +25.92% vs +25.41% for TCV, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +22.44% vs +24.17% for TCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TCV?
TCV has been the more volatile fund at 16.3% annualized versus 13.9% for SCHD. Worst drawdown: SCHD -5.5% vs TCV -12.2%.
Should I hold both SCHD and TCV?
SCHD and TCV have a monthly-return correlation of 0.72, 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 TCV?
5.0% of TCV's money is in holdings SCHD also owns. 5.0% of TCV's is in holdings SCHD also owns. They hold 2 positions in common, counted across the 100 positions we hold weights for in SCHD and 51 in TCV.
Which pays a higher dividend, SCHD or TCV?
SCHD yields 3.00% while TCV yields 0.56%, so SCHD currently pays the higher dividend yield.
Is TCV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TCV over the full window. TCV is less concentrated, with 29.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.