SCHD vs TILT
Schwab US Dividend Equity ETF vs Northern Trust Morningstar US Market Factor Tilt ETF
Which is better, SCHD or TILT?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, TILT over 3Y, 5Y and the full window. TILT is less concentrated, with 25.6% 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 | TILT |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.25% |
| AUM | $112.1B | $2.2B |
| Dividend Yield | 3.00% | 1.05% |
| Holdings | 103 | 1,929 |
| YTD Return | +25.84%Best | +11.84% |
| 1Y Return | +30.18%Best | +16.16% |
| 3Y Return (annualized) | +16.08% | +19.48%Best |
| 5Y Return (annualized) | +9.97% | +11.21%Best |
| Volatility (annualized) | 13.6%Best | 15.3% |
| Max Drawdown | -33.4%Best | -38.5% |
| $10,000 over 5 years | $16,083 | $17,011Best |
| Top 10 Weight | 41.8% | 25.6%Best |
| Fund Family | Charles Schwab Asset Management | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Sep 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 15, 2026 (14.9 years).
SCHD vs TILT 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 TILT Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Northern Trust Morningstar US Market Factor Tilt ETF (TILT) is an ETF from Northern Trust Asset Management. Over the past year SCHD returned +30.18% while TILT returned +16.16%. Year to date, SCHD is up 25.84% versus a gain of 11.84% for TILT.
Over three years, SCHD compounded at +16.08% per year against +19.48% for TILT; over five years the annualized figures are +9.97% and +11.21% respectively. Across the full 15-year window we track, TILT has the edge at +13.97% annualized vs +11.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -38.5% for TILT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TILT charges 0.25%. On a $10,000 position that is $6 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.05% for TILT.
Holdings Overlap
96.9% of SCHD's money is in holdings TILT also owns. 7.5% of TILT's money is in holdings SCHD also owns.
Most of SCHD is already inside TILT. Owning both mostly buys the same companies twice.
88 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,894 in TILT, against full books of 103 and 1,929.
What only one of them owns
Our book lists 1,426 positions for TILT that do not appear in our book for SCHD (89.3% of the fund), and 12 for SCHD that do not appear in TILT (3.1%).
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 TILT | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.44% | 4.33% |
| AMGNAmgen Inc. | 4.70% | 0.29% | 4.41% |
| ABTAbbott Laboratories | 4.69% | 0.23% | 4.46% |
| KOCoca Cola Co. | 4.17% | 0.35% | 3.82% |
| CVXChevron Corp | 4.02% | 0.47% | 3.55% |
| HDHome Depot Inc/The | 3.88% | 0.38% | 3.50% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.44% | 3.38% |
| PGProcter & Gamble Company | 3.83% | 0.41% | 3.42% |
| VZVerizon Communic | 3.97% | 0.26% | 3.71% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.20% | 3.74% |
96.9% of SCHD is already inside TILT.
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 TILT?
SCHD has an expense ratio of 0.06% while TILT charges 0.25%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, SCHD or TILT?
Over the past year SCHD returned +30.18% vs +16.16% for TILT, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.40% vs +13.97% for TILT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TILT?
TILT has been the more volatile fund at 15.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TILT -38.5%.
Should I hold both SCHD and TILT?
SCHD and TILT have a monthly-return correlation of 0.86, 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 TILT?
96.9% of SCHD's money is in holdings TILT also owns. 7.5% of TILT's is in holdings SCHD also owns. They hold 88 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,894 in TILT.
Which pays a higher dividend, SCHD or TILT?
SCHD yields 3.00% while TILT yields 1.05%, so SCHD currently pays the higher dividend yield.
Is TILT better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TILT over 3Y, 5Y and the full window. TILT is less concentrated, with 25.6% 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.