SCHD vs TMET
Schwab US Dividend Equity ETF vs iShares Transition-Enabling Metals ETF
Quick Verdict
SCHD has a lower expense ratio. TMET delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TMET | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.48% | |
| AUM | $103.7B | $13M | |
| Dividend Yield | 3.31% | 12.93% | |
| Holdings | 104 | 20 | |
| YTD Return | +25.33% | +12.70% | |
| 1Y Return | +32.31% | +63.60% | |
| 3Y Return (annualized) | +15.40% | - | |
| 5Y Return (annualized) | +9.70% | - | |
| Volatility (annualized) | 13.6% | 22.4% | |
| Max Drawdown | -33.4% | -22.2% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Commodity | |
| Inception | Oct 20, 2011 | Sep 26, 2023 |
SCHD vs TMET Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares Transition-Enabling Metals ETF (TMET) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +32.31% while TMET returned +63.60%. Year to date, SCHD is up 25.33% versus a gain of 12.70% for TMET.
Risk: Volatility and Drawdowns
TMET has been the more volatile fund, with annualized monthly volatility of 22.4% 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 -22.2% for TMET. 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 TMET charges 0.48%. On a $10,000 position that is $6 vs $48 annually, a gap of $42 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 12.93% for TMET.
Holdings Overlap
SCHD and TMET share 0 holdings out of 102 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 TMET?
SCHD has an expense ratio of 0.06% while TMET charges 0.48%. SCHD is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, SCHD or TMET?
Over the past year SCHD returned +32.31% vs +63.60% for TMET, so TMET leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.45% vs +40.68% for TMET. Past performance does not guarantee future results.
Which is riskier, SCHD or TMET?
TMET has been the more volatile fund at 22.4% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TMET -22.2%.
Should I hold both SCHD and TMET?
SCHD and TMET 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 TMET?
SCHD and TMET share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, SCHD or TMET?
SCHD yields 3.31% while TMET yields 12.93%, so TMET currently pays the higher dividend yield.
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