SCHD vs TLTP
Schwab US Dividend Equity ETF vs Amplify TLT US Treasury 12% Option Income 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 | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.39% | |
| AUM | $103.7B | $23M | |
| Dividend Yield | 3.31% | 14.33% | |
| Holdings | 104 | 5 | |
| YTD Return | +25.62% | -9.12% | |
| 1Y Return | +32.62% | -7.78% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 8.6% | |
| Max Drawdown | -33.4% | -12.7% | |
| Fund Family | Charles Schwab Asset Management | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Oct 29, 2024 |
SCHD vs TLTP Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year SCHD returned +32.62% while TLTP returned -7.78%. Year to date, SCHD is up 25.62% versus a loss of 9.12% for TLTP.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 8.6% for TLTP. 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 -12.7% for TLTP. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TLTP charges 0.39%. On a $10,000 position that is $6 vs $39 annually, a gap of $33 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 14.33% for TLTP.
Holdings Overlap
SCHD and TLTP share 0 holdings out of 103 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 TLTP?
SCHD has an expense ratio of 0.06% while TLTP charges 0.39%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, SCHD or TLTP?
Over the past year SCHD returned +32.62% vs -7.78% for TLTP, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.47% vs -5.23% for TLTP. Past performance does not guarantee future results.
Which is riskier, SCHD or TLTP?
SCHD has been the more volatile fund at 13.6% annualized versus 8.6% for TLTP. Worst drawdown: SCHD -33.4% vs TLTP -12.7%.
Should I hold both SCHD and TLTP?
SCHD and TLTP have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TLTP?
SCHD and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, SCHD or TLTP?
SCHD yields 3.31% while TLTP yields 14.33%, so TLTP currently pays the higher dividend yield.
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