SCHD vs TMSF
Schwab US Dividend Equity ETF vs T. Rowe Price Multi-Sector Income ETF
Quick Verdict
SCHD has a lower expense ratio. TMSF offers more diversification with 401 holdings.
Side-by-Side Comparison
| Metric | SCHD | TMSF | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.37% | |
| AUM | $108.7B | $59M | |
| Dividend Yield | 3.13% | 3.77% | |
| Holdings | 104 | 401 | |
| YTD Return | +28.70% | +2.82% | |
| 1Y Return | +32.27% | - | |
| 3Y Return (annualized) | +17.27% | - | |
| 5Y Return (annualized) | +10.23% | - | |
| Volatility (annualized) | 13.7% | - | |
| Max Drawdown | -33.4% | -2.3% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Nov 19, 2025 |
SCHD vs TMSF Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Multi-Sector Income ETF (TMSF) is a ETF from T.Rowe Price. Year to date, SCHD is up 28.70% versus a gain of 2.82% for TMSF.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -2.3% for TMSF. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMSF charges 0.37%. On a $10,000 position that is $6 vs $37 annually, a gap of $31 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.77% for TMSF.
Holdings Overlap
SCHD and TMSF share 0 holdings out of 229 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 TMSF?
SCHD has an expense ratio of 0.06% while TMSF charges 0.37%. SCHD is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between SCHD and TMSF?
SCHD and TMSF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 229 unique securities.
Which pays a higher dividend, SCHD or TMSF?
SCHD yields 3.13% while TMSF yields 3.77%, so TMSF currently pays the higher dividend yield.
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