SCHD vs TFLR
Schwab US Dividend Equity ETF vs T. Rowe Price Floating Rate ETF
Which is better, SCHD or TFLR?
Large Cap Value against Bank Loan.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y 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 | TFLR |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.61% |
| AUM | $112.1B | $765M |
| Dividend Yield | 3.00% | 6.63% |
| Holdings | 103 | 347 |
| YTD Return | +25.07%Best | +3.12% |
| 1Y Return | +27.61%Best | +5.15% |
| 3Y Return (annualized) | +15.74%Best | +7.06% |
| 5Y Return (annualized) | +9.89% | - |
| Volatility (annualized) | 13.2% | 2.5%Best |
| Max Drawdown | -16.1% | -4.0%Best |
| $10,000 over 3.8 years | $15,330Best | $13,224 |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Fixed Income |
| Style | Large Cap Value | Bank Loan |
| Inception | Oct 20, 2011 | Nov 16, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 17, 2022 to Sep 11, 2026 (3.8 years).
SCHD vs TFLR 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 3.8 years both funds cover.
SCHD vs TFLR Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Floating Rate ETF (TFLR) is an ETF from T.Rowe Price. Over the past year SCHD returned +27.61% while TFLR returned +5.15%. Year to date, SCHD is up 25.07% versus a gain of 3.12% for TFLR.
Over three years, SCHD compounded at +15.74% per year against +7.06% for TFLR. Across the full 4-year window we track, SCHD has the edge at +11.90% annualized vs +7.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 2.5% for TFLR. 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 -16.1% for SCHD and -4.0% for TFLR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TFLR charges 0.61%. On a $10,000 position that is $6 vs $61 annually, a gap of $55 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 6.63% for TFLR.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 171 in TFLR, totalling 100.0% and 53.3% 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 153 days apart, SCHD as of Aug 31, 2026 and TFLR as of Mar 31, 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 171 in TFLR, against full books of 103 and 347.
You are not choosing between two funds in isolation.
Whichever of SCHD and TFLR 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 TFLR?
SCHD has an expense ratio of 0.06% while TFLR charges 0.61%. SCHD is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, SCHD or TFLR?
Over the past year SCHD returned +27.61% vs +5.15% for TFLR, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), SCHD annualized +11.90% vs +7.63% for TFLR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TFLR?
SCHD has been the more volatile fund at 13.2% annualized versus 2.5% for TFLR. Worst drawdown: SCHD -16.1% vs TFLR -4.0%.
Should I hold both SCHD and TFLR?
SCHD and TFLR have a monthly-return correlation of 0.32, 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 TFLR?
SCHD yields 3.00% while TFLR yields 6.63%, so TFLR currently pays the higher dividend yield.
Is TFLR better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.