SCHD vs TDVG
Schwab US Dividend Equity ETF vs T. Rowe Price Dividend Growth ETF
Which is better, SCHD or TDVG?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. TDVG is less concentrated, with 29.7% 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 | TDVG |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.50% |
| AUM | $112.1B | $1.5B |
| Dividend Yield | 3.00% | 0.96% |
| Holdings | 103 | 96 |
| YTD Return | +24.96%Best | +9.14% |
| 1Y Return | +28.75%Best | +14.63% |
| 3Y Return (annualized) | +15.71%Best | +15.03% |
| 5Y Return (annualized) | +9.86%Best | +9.33% |
| Volatility (annualized) | 15.2% | 13.5%Best |
| Max Drawdown | -16.9%Best | -19.2% |
| $10,000 over 5 years | $16,003Best | $15,621 |
| Top 10 Weight | 41.8% | 29.7%Best |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Aug 4, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Aug 5, 2020 to Sep 9, 2026 (6.1 years).
SCHD vs TDVG 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 6.1 years both funds cover.
SCHD vs TDVG Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Dividend Growth ETF (TDVG) is an ETF from T.Rowe Price. Over the past year SCHD returned +28.75% while TDVG returned +14.63%. Year to date, SCHD is up 24.96% versus a gain of 9.14% for TDVG.
Over three years, SCHD compounded at +15.71% per year against +15.03% for TDVG; over five years the annualized figures are +9.86% and +9.33% respectively. Across the full 6-year window we track, SCHD has the edge at +14.09% annualized vs +12.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.5% for TDVG. 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 -16.9% for SCHD and -19.2% for TDVG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TDVG charges 0.50%. On a $10,000 position that is $6 vs $50 annually, a gap of $44 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.96% for TDVG.
Holdings Overlap
29.1% of SCHD's money is in holdings TDVG also owns. 9.2% of TDVG's money is in holdings SCHD also owns.
SCHD and TDVG share little of their money.
The two holdings books were reported 62 days apart, SCHD as of Aug 31, 2026 and TDVG as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 100 positions we hold weights for in SCHD and 96 in TDVG, against full books of 103 and 96.
What only one of them owns
Our book lists 82 positions for TDVG that do not appear in our book for SCHD (86.3% of the fund), and 88 for SCHD that do not appear in TDVG (70.8%).
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.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TDVG | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 4.17% | 1.43% | 2.74% |
| UNHUnitedhealth Group Inc. | 3.82% | 1.73% | 2.09% |
| HDHome Depot Inc/The | 3.88% | 1.28% | 2.60% |
| COPConocophillips Co | 3.94% | 1.01% | 2.93% |
| TXNTexas Instruments, Inc | 3.13% | 1.01% | 2.12% |
| ADPAutomatic Data Processing, Inc. | 2.79% | 0.40% | 2.39% |
| QCOMQualcomm Inc. | 2.52% | 0.53% | 1.99% |
| SLBSchlumberger Nv. | 2.19% | 0.65% | 1.54% |
| EOGEog Resources Inc | 1.88% | 0.58% | 1.30% |
| BRBroadridge Financial Solutions, Inc. | 0.51% | 0.37% | 0.14% |
29.1% of SCHD is already inside TDVG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TDVG?
SCHD has an expense ratio of 0.06% while TDVG charges 0.50%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, SCHD or TDVG?
Over the past year SCHD returned +28.75% vs +14.63% for TDVG, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +14.09% vs +12.70% for TDVG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TDVG?
SCHD has been the more volatile fund at 15.2% annualized versus 13.5% for TDVG. Worst drawdown: SCHD -16.9% vs TDVG -19.2%.
Should I hold both SCHD and TDVG?
SCHD and TDVG have a monthly-return correlation of 0.85, 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 TDVG?
29.1% of SCHD's money is in holdings TDVG also owns. 9.2% of TDVG's is in holdings SCHD also owns. They hold 11 positions in common, counted across the 100 positions we hold weights for in SCHD and 96 in TDVG.
Which pays a higher dividend, SCHD or TDVG?
SCHD yields 3.00% while TDVG yields 0.96%, so SCHD currently pays the higher dividend yield.
Is TDVG better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. TDVG is less concentrated, with 29.7% 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.