SCHD vs TMSF
Schwab US Dividend Equity ETF vs T. Rowe Price Multi-Sector Income ETF
Which is better, SCHD or TMSF?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y.
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 | TMSF |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.37% |
| AUM | $119.9B | $101M |
| Dividend Yield | 2.96% | 5.26% |
| Holdings | 204 | 836 |
| YTD Return | +33.09%Best | +2.44% |
| 1Y Return | +37.17%Best | +3.64% |
| 3Y Return (annualized) | +20.32% | - |
| 5Y Return (annualized) | +10.36% | - |
| Volatility (annualized) | 16.6% | 3.9%Best |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Fixed Income |
| Style | Large Cap Value | - |
| Inception | Oct 20, 2011 | Nov 19, 2025 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
SCHD vs TMSF 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SCHD vs TMSF Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Multi-Sector Income ETF (TMSF) is an ETF from T.Rowe Price. Over the past year SCHD returned +37.17% while TMSF returned +3.64%. Year to date, SCHD is up 33.09% versus a gain of 2.44% for TMSF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 3.9% for TMSF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
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 2.96% against 5.26% for TMSF.
Holdings Overlap
We hold position weights for 98 holdings in SCHD and 103 in TMSF, totalling 99.8% and 29.2% 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 98 positions we hold weights for in SCHD and 103 in TMSF, against full books of 204 and 836.
You are not choosing between two funds in isolation.
Whichever of SCHD and TMSF 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 TMSF?
SCHD has an expense ratio of 0.06% while TMSF charges 0.37%. SCHD is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, SCHD or TMSF?
Over the past year SCHD returned +37.17% vs +3.64% for TMSF, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TMSF?
SCHD has been the more volatile fund at 16.6% annualized versus 3.9% for TMSF.
Should I hold both SCHD and TMSF?
SCHD and TMSF have a monthly-return correlation of 0.68, 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 TMSF?
SCHD yields 2.96% while TMSF yields 5.26%, so TMSF currently pays the higher dividend yield.
Is TMSF better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.