SCHD vs TMF
Schwab US Dividend Equity ETF vs Direxion Daily 20+ Year Treasury Bull 3X ETF
Which is better, SCHD or TMF?
Large Cap Value against Trading-Leveraged Debt.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | TMF |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.90% |
| AUM | $112.1B | $2.2B |
| Dividend Yield | 3.00% | 4.69% |
| Holdings | 103 | 14 |
| YTD Return | +23.46%Best | -18.78% |
| 1Y Return | +27.20%Best | -24.05% |
| 3Y Return (annualized) | +15.41%Best | -16.76% |
| 5Y Return (annualized) | +10.16%Best | -35.73% |
| Volatility (annualized) | 13.7%Best | 39.1% |
| Max Drawdown | -33.4%Best | -93.7% |
| $10,000 over 5 years | $16,223Best | $1,097 |
| Fund Family | Charles Schwab Asset Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Value | Trading-Leveraged Debt |
| Inception | Oct 20, 2011 | Apr 16, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
SCHD vs TMF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
SCHD vs TMF Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) is an ETF from Direxion Shares ETF Trust. Over the past year SCHD returned +27.20% while TMF returned -24.05%. Year to date, SCHD is up 23.46% versus a loss of 18.78% for TMF.
Over three years, SCHD compounded at +15.41% per year against -16.76% for TMF; over five years the annualized figures are +10.16% and -35.73% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs -9.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMF has been the more volatile fund, with annualized monthly volatility of 39.1% compared with 13.7% 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 -93.7% for TMF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.02. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMF charges 0.90%. On a $10,000 position that is $6 vs $90 annually, a gap of $84 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 4.69% for TMF.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 4 in TMF, totalling 100.0% and 98.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 4 in TMF, against full books of 103 and 14.
You are not choosing between two funds in isolation.
Whichever of SCHD and TMF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TMF?
SCHD has an expense ratio of 0.06% while TMF charges 0.90%. SCHD is the cheaper option, by $84 a year on a $10,000 investment.
Which performed better, SCHD or TMF?
Over the past year SCHD returned +27.20% vs -24.05% for TMF, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.25% vs -9.72% for TMF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TMF?
TMF has been the more volatile fund at 39.1% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs TMF -93.7%.
Should I hold both SCHD and TMF?
SCHD and TMF have a monthly-return correlation of 0.02, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or TMF?
SCHD yields 3.00% while TMF yields 4.69%, so TMF currently pays the higher dividend yield.
Is TMF better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.