SCHD vs TLH
Schwab US Dividend Equity ETF vs iShares 10-20 Year Treasury Bond 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 | TLH | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.15% | |
| AUM | $103.7B | $11.1B | |
| Dividend Yield | 3.31% | 4.44% | |
| Holdings | 104 | 61 | |
| YTD Return | +25.33% | -2.91% | |
| 1Y Return | +32.31% | -0.78% | |
| 3Y Return (annualized) | +15.40% | +1.36% | |
| 5Y Return (annualized) | +9.70% | -5.13% | |
| Volatility (annualized) | 13.6% | 9.9% | |
| Max Drawdown | -33.4% | -42.1% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Jan 5, 2007 |
SCHD vs TLH Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares 10-20 Year Treasury Bond ETF (TLH) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +32.31% while TLH returned -0.78%. Year to date, SCHD is up 25.33% versus a loss of 2.91% for TLH.
Over three years, SCHD compounded at +15.40% per year against +1.36% for TLH; over five years the annualized figures are +9.70% and -5.13% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +0.73%. 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 9.9% for TLH. 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 -42.1% for TLH. 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TLH charges 0.15%. On a $10,000 position that is $6 vs $15 annually, a gap of $9 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.44% for TLH.
Holdings Overlap
SCHD and TLH share 0 holdings out of 157 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 TLH?
SCHD has an expense ratio of 0.06% while TLH charges 0.15%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SCHD or TLH?
Over the past year SCHD returned +32.31% vs -0.78% for TLH, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs +0.73% for TLH. Past performance does not guarantee future results.
Which is riskier, SCHD or TLH?
SCHD has been the more volatile fund at 13.6% annualized versus 9.9% for TLH. Worst drawdown: SCHD -33.4% vs TLH -42.1%.
Should I hold both SCHD and TLH?
SCHD and TLH have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TLH?
SCHD and TLH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 157 unique securities.
Which pays a higher dividend, SCHD or TLH?
SCHD yields 3.31% while TLH yields 4.44%, so TLH currently pays the higher dividend yield.
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