SCHD vs THYF
SCHD vs THYF
Schwab US Dividend Equity ETF vs T. Rowe Price US High Yield ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | THYF | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.56% | |
| AUM | $103.7B | $844M | |
| Dividend Yield | 3.31% | 7.03% | |
| Holdings | 104 | 113 | |
| YTD Return | +24.26% | +2.34% | |
| 1Y Return | +31.38% | +5.44% | |
| 3Y Return (annualized) | +15.08% | +7.80% | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 5.6% | |
| Max Drawdown | -33.4% | -5.2% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Oct 25, 2022 |
SCHD vs THYF Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price US High Yield ETF (THYF) is a ETF from T.Rowe Price. Over the past year SCHD returned +31.38% while THYF returned +5.44%. Year to date, SCHD is up 24.26% versus a gain of 2.34% for THYF.
Over three years, SCHD compounded at +15.08% per year against +7.80% for THYF. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +8.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.6% for THYF. 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 -5.2% for THYF. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while THYF charges 0.56%. On a $10,000 position that is $6 vs $56 annually, a gap of $50 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.03% for THYF.
Holdings Overlap
SCHD and THYF share 0 holdings out of 173 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or THYF?
SCHD has an expense ratio of 0.06% while THYF charges 0.56%. SCHD is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, SCHD or THYF?
Over the past year SCHD returned +31.38% vs +5.44% for THYF, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), SCHD annualized +11.39% vs +8.14% for THYF. Past performance does not guarantee future results.
Which is riskier, SCHD or THYF?
SCHD has been the more volatile fund at 13.6% annualized versus 5.6% for THYF. Worst drawdown: SCHD -33.4% vs THYF -5.2%.
Should I hold both SCHD and THYF?
SCHD and THYF have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and THYF?
SCHD and THYF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 173 unique securities.
Which pays a higher dividend, SCHD or THYF?
SCHD yields 3.31% while THYF yields 7.03%, so THYF currently pays the higher dividend yield.
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