SCHD vs TDF
Schwab US Dividend Equity ETF vs Templeton Dragon Fund
Which is better, SCHD or TDF?
Large Cap Value against Large Cap Growth.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 45.6%.
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 | TDF |
|---|---|---|
| Expense Ratio | 0.06%Best | 1.33% |
| AUM | $112.2B | $5,054.4 |
| Dividend Yield | 3.13% | 3.61% |
| Holdings | 103 | 68 |
| YTD Return | +27.56%Best | -6.40% |
| 1Y Return | +30.29%Best | +0.22% |
| 3Y Return (annualized) | +16.37%Best | +8.18% |
| 5Y Return (annualized) | +10.23%Best | -7.86% |
| Volatility (annualized) | 13.6%Best | 22.8% |
| Max Drawdown | -33.4%Best | -69.7% |
| $10,000 over 5 years | $16,274Best | $6,641 |
| Top 10 Weight | 41.5%Best | 45.6% |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 20, 2011 | Sep 8, 1994 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
SCHD vs TDF 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 14.9 years both funds cover.
SCHD vs TDF Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Templeton Dragon Fund (TDF) is an ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +30.29% while TDF returned +0.22%. Year to date, SCHD is up 27.56% versus a loss of 6.40% for TDF.
Over three years, SCHD compounded at +16.37% per year against +8.18% for TDF; over five years the annualized figures are +10.23% and -7.86% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs -3.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TDF has been the more volatile fund, with annualized monthly volatility of 22.8% 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 -69.7% for TDF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TDF charges 1.33%. On a $10,000 position that is $6 vs $133 annually, a gap of $127 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.61% for TDF.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 62 in TDF, totalling 100.0% and 95.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 189 days apart, SCHD as of Aug 7, 2026 and TDF as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 62 in TDF, against full books of 103 and 68.
What only one of them owns
Our book lists 5 positions for TDF that do not appear in our book for SCHD (11.9% of the fund), and 99 for SCHD that do not appear in TDF (99.9%).
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 TDF 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 TDF?
SCHD has an expense ratio of 0.06% while TDF charges 1.33%. SCHD is the cheaper option, by $127 a year on a $10,000 investment.
Which performed better, SCHD or TDF?
Over the past year SCHD returned +30.29% vs +0.22% for TDF, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.53% vs -3.45% for TDF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TDF?
TDF has been the more volatile fund at 22.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TDF -69.7%.
Should I hold both SCHD and TDF?
SCHD and TDF have a monthly-return correlation of 0.36, 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 TDF?
SCHD yields 3.13% while TDF yields 3.61%, so TDF currently pays the higher dividend yield.
Is TDF better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 45.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.