SCHD vs TMDV
Schwab US Dividend Equity ETF vs ProShares Russell US Dividend Growers 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 | TMDV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.35% | |
| AUM | $103.7B | $5M | |
| Dividend Yield | 3.31% | 2.53% | |
| Holdings | 104 | 66 | |
| YTD Return | +26.21% | +14.85% | |
| 1Y Return | +29.99% | +11.13% | |
| 3Y Return (annualized) | +15.73% | +6.65% | |
| 5Y Return (annualized) | +9.67% | +4.21% | |
| Volatility (annualized) | 13.6% | 16.3% | |
| Max Drawdown | -33.4% | -33.4% | |
| Fund Family | Charles Schwab Asset Management | ProShares | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Nov 5, 2019 |
SCHD vs TMDV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ProShares Russell US Dividend Growers ETF (TMDV) is a ETF from ProShares. Over the past year SCHD returned +29.99% while TMDV returned +11.13%. Year to date, SCHD is up 26.21% versus a gain of 14.85% for TMDV.
Over three years, SCHD compounded at +15.73% per year against +6.65% for TMDV; over five years the annualized figures are +9.67% and +4.21% respectively. Across the full 7-year window we track, SCHD has the edge at +11.50% annualized vs +6.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMDV has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -33.4% for TMDV. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMDV charges 0.35%. On a $10,000 position that is $6 vs $35 annually, a gap of $29 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 2.53% for TMDV.
Holdings Overlap
SCHD and TMDV share 13 holdings out of 152 unique holdings combined, representing a 14.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or TMDV?
SCHD has an expense ratio of 0.06% while TMDV charges 0.35%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, SCHD or TMDV?
Over the past year SCHD returned +29.99% vs +11.13% for TMDV, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), SCHD annualized +11.50% vs +6.83% for TMDV. Past performance does not guarantee future results.
Which is riskier, SCHD or TMDV?
TMDV has been the more volatile fund at 16.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TMDV -33.4%.
Should I hold both SCHD and TMDV?
SCHD and TMDV have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SCHD and TMDV?
SCHD and TMDV share 13 common holdings with a 14.2% weight overlap. Combined, they hold 152 unique securities.
Which pays a higher dividend, SCHD or TMDV?
SCHD yields 3.31% while TMDV yields 2.53%, so SCHD currently pays the higher dividend yield.
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