SCHD vs TLTI
Schwab US Dividend Equity ETF vs NEOS Enhanced Income 20+ Year Treasury Bond ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | TLTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.58% | |
| AUM | $108.7B | $17M | |
| Dividend Yield | 3.13% | 6.40% | |
| Holdings | 104 | 8 | |
| YTD Return | +26.54% | -5.79% | |
| 1Y Return | +30.90% | -4.04% | |
| 3Y Return (annualized) | +16.29% | - | |
| 5Y Return (annualized) | +9.65% | - | |
| Volatility (annualized) | 13.6% | 9.2% | |
| Max Drawdown | -33.4% | -10.0% | |
| Fund Family | Charles Schwab Asset Management | NEOS | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Dec 12, 2024 |
SCHD vs TLTI Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) is a ETF from NEOS. Over the past year SCHD returned +30.90% while TLTI returned -4.04%. Year to date, SCHD is up 26.54% versus a loss of 5.79% for TLTI.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.2% for TLTI. 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 -10.0% for TLTI. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TLTI charges 0.58%. On a $10,000 position that is $6 vs $58 annually, a gap of $52 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 6.40% for TLTI.
Holdings Overlap
SCHD and TLTI share 0 holdings out of 101 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 TLTI?
SCHD has an expense ratio of 0.06% while TLTI charges 0.58%. SCHD is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, SCHD or TLTI?
Over the past year SCHD returned +30.90% vs -4.04% for TLTI, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.51% vs -4.11% for TLTI. Past performance does not guarantee future results.
Which is riskier, SCHD or TLTI?
SCHD has been the more volatile fund at 13.6% annualized versus 9.2% for TLTI. Worst drawdown: SCHD -33.4% vs TLTI -10.0%.
Should I hold both SCHD and TLTI?
SCHD and TLTI have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TLTI?
SCHD and TLTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or TLTI?
SCHD yields 3.13% while TLTI yields 6.40%, so TLTI currently pays the higher dividend yield.
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