SCHD vs TMSL
Schwab US Dividend Equity ETF vs T. Rowe Price Small-Mid Cap ETF
Which is better, SCHD or TMSL?
Large Cap Value against Mid Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, TMSL over 3Y and the full window. TMSL is less concentrated, with 9.6% of the fund in its ten largest positions against 41.8%.
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 | TMSL |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.55% |
| AUM | $112.1B | $3.0B |
| Dividend Yield | 3.00% | 0.48% |
| Holdings | 103 | 287 |
| YTD Return | +23.46%Best | +13.36% |
| 1Y Return | +27.20%Best | +17.11% |
| 3Y Return (annualized) | +15.41% | +18.30%Best |
| 5Y Return (annualized) | +10.16% | - |
| Volatility (annualized) | 13.4%Best | 16.7% |
| Max Drawdown | -16.1%Best | -24.7% |
| $10,000 over 3.3 years | $15,607 | $16,619Best |
| Top 10 Weight | 41.8% | 9.6%Best |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Blend |
| Inception | Oct 20, 2011 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 18, 2026 (3.3 years).
SCHD vs TMSL 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 3.3 years both funds cover.
SCHD vs TMSL Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Small-Mid Cap ETF (TMSL) is an ETF from T.Rowe Price. Over the past year SCHD returned +27.20% while TMSL returned +17.11%. Year to date, SCHD is up 23.46% versus a gain of 13.36% for TMSL.
Over three years, SCHD compounded at +15.41% per year against +18.30% for TMSL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMSL has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 13.4% 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 -16.1% for SCHD and -24.7% for TMSL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMSL charges 0.55%. On a $10,000 position that is $6 vs $55 annually, a gap of $49 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.48% for TMSL.
Holdings Overlap
1.9% of SCHD's money is in holdings TMSL also owns. 2.9% of TMSL's money is in holdings SCHD also owns.
TMSL and SCHD share little of their money.
8 positions in common, counted across the 100 positions we hold weights for in SCHD and 285 in TMSL, against full books of 103 and 287.
What only one of them owns
Our book lists 256 positions for TMSL that do not appear in our book for SCHD (89.5% of the fund), and 91 for SCHD that do not appear in TMSL (98.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TMSL | Difference |
|---|---|---|---|
| EWBCEast West Bancorp, Inc. | 0.42% | 0.89% | 0.47% |
| SWKSSkyworks Solutions Inc. | 0.25% | 0.59% | 0.34% |
| SNASnap-On Inc. | 0.49% | 0.24% | 0.25% |
| COLBColumbia Banking System Inc Common Stock | 0.21% | 0.46% | 0.25% |
| ALVAllianz Ag | 0.20% | 0.24% | 0.04% |
| BAHBooz Allen Hamilton Holding Corp. | 0.22% | 0.14% | 0.08% |
| NXSTNexstar Media Group Inc | 0.13% | 0.22% | 0.09% |
| HAFCHanmi Financial Corp Common Stock USD 0.001 | 0.02% | 0.16% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of SCHD and TMSL 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 TMSL?
SCHD has an expense ratio of 0.06% while TMSL charges 0.55%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, SCHD or TMSL?
Over the past year SCHD returned +27.20% vs +17.11% for TMSL, 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 TMSL?
TMSL has been the more volatile fund at 16.7% annualized versus 13.4% for SCHD. Worst drawdown: SCHD -16.1% vs TMSL -24.7%.
Should I hold both SCHD and TMSL?
SCHD and TMSL have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and TMSL?
2.9% of TMSL's money is in holdings SCHD also owns. 2.9% of TMSL's is in holdings SCHD also owns. They hold 8 positions in common, counted across the 100 positions we hold weights for in SCHD and 285 in TMSL.
Which pays a higher dividend, SCHD or TMSL?
SCHD yields 3.00% while TMSL yields 0.48%, so SCHD currently pays the higher dividend yield.
Is TMSL better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TMSL over 3Y and the full window. TMSL is less concentrated, with 9.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.