SCHD vs TMED
Schwab US Dividend Equity ETF vs T. Rowe Price Health Care ETF
Quick Verdict
SCHD has a lower expense ratio. TMED delivered stronger 1-year returns. TMED offers more diversification with 162 holdings.
Side-by-Side Comparison
| Metric | SCHD | TMED | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.44% | |
| AUM | $103.7B | - | |
| Dividend Yield | 3.31% | - | |
| Holdings | 104 | 347 | |
| YTD Return | +25.62% | +19.18% | |
| 1Y Return | +32.62% | +49.91% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 14.4% | |
| Max Drawdown | -33.4% | -11.1% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jun 11, 2025 |
SCHD vs TMED Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Health Care ETF (TMED) is a ETF from T.Rowe Price. Over the past year SCHD returned +32.62% while TMED returned +49.91%. Year to date, SCHD is up 25.62% versus a gain of 19.18% for TMED.
Risk: Volatility and Drawdowns
TMED has been the more volatile fund, with annualized monthly volatility of 14.4% 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 -11.1% for TMED. 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 -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMED charges 0.44%. On a $10,000 position that is $6 vs $44 annually, a gap of $38 per year that compounds over a long holding period.
Holdings Overlap
SCHD and TMED share 0 holdings out of 262 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 TMED?
SCHD has an expense ratio of 0.06% while TMED charges 0.44%. SCHD is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, SCHD or TMED?
Over the past year SCHD returned +32.62% vs +49.91% for TMED, so TMED leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.47% vs +34.79% for TMED. Past performance does not guarantee future results.
Which is riskier, SCHD or TMED?
TMED has been the more volatile fund at 14.4% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TMED -11.1%.
Should I hold both SCHD and TMED?
SCHD and TMED have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TMED?
SCHD and TMED share 0 common holdings with a 0.0% weight overlap. Combined, they hold 262 unique securities.
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