SCHD vs TNXT
Schwab US Dividend Equity ETF vs T. Rowe Price Innovation Leaders ETF
Which is better, SCHD or TNXT?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. TNXT is less concentrated, with 34.4% 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 | TNXT |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.49% |
| AUM | $119.9B | $18M |
| Dividend Yield | 2.96% | 0.00% |
| Holdings | 204 | 533 |
| YTD Return | +33.09%Best | +12.77% |
| 1Y Return | +37.17% | - |
| 3Y Return (annualized) | +20.32% | - |
| 5Y Return (annualized) | +10.36% | - |
| Top 10 Weight | 41.8% | 34.4%Best |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jan 28, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SCHD vs TNXT 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 TNXT Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Innovation Leaders ETF (TNXT) is an ETF from T.Rowe Price. Year to date, SCHD is up 33.09% versus a gain of 12.77% for TNXT.
Past performance does not guarantee future results.
Fees and Cost Over Time
SCHD charges 0.06% per year while TNXT charges 0.49%. On a $10,000 position that is $6 vs $49 annually, a gap of $43 per year that compounds over a long holding period. On income, SCHD currently yields 2.96% against 0.00% for TNXT.
Holdings Overlap
27.7% of SCHD's money is in holdings TNXT also owns. 5.7% of TNXT's money is in holdings SCHD also owns.
SCHD and TNXT share little of their money.
9 positions in common, counted across the 98 positions we hold weights for in SCHD and 250 in TNXT, against full books of 204 and 533.
What only one of them owns
Our book lists 189 positions for TNXT that do not appear in our book for SCHD (83.3% of the fund), and 88 for SCHD that do not appear in TNXT (72.1%).
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 TNXT | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.00% | 1.30% | 2.70% |
| PGProcter & Gamble Company | 4.36% | 0.89% | 3.47% |
| UNHUnitedhealth Group Incorporated | 4.07% | 1.08% | 2.99% |
| AMGNAmgen Inc. | 3.96% | 0.52% | 3.44% |
| ABTAbbot Laboratories | 3.84% | 0.52% | 3.32% |
| BMYBristol-Myers Squibb Co. | 3.02% | 0.68% | 2.34% |
| BXBlackstone Group Inc. Class A | 1.99% | 0.28% | 1.71% |
| SLBSchlumberger Nv. | 1.80% | 0.28% | 1.52% |
| ARESAres Management Corp Common Stock | 0.63% | 0.19% | 0.44% |
27.7% of SCHD is already inside TNXT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TNXT?
SCHD has an expense ratio of 0.06% while TNXT charges 0.49%. SCHD is the cheaper option, by $43 a year on a $10,000 investment.
What is the holdings overlap between SCHD and TNXT?
27.7% of SCHD's money is in holdings TNXT also owns. 5.7% of TNXT's is in holdings SCHD also owns. They hold 9 positions in common, counted across the 98 positions we hold weights for in SCHD and 250 in TNXT.
Which pays a higher dividend, SCHD or TNXT?
SCHD yields 2.96% while TNXT yields 0.00%, so SCHD currently pays the higher dividend yield.
Is TNXT better than SCHD?
SCHD has a lower expense ratio. TNXT is less concentrated, with 34.4% 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.