SCHD vs TOAO
Schwab US Dividend Equity ETF vs Twin Oak Active Opportunities III ETF
Which is better, SCHD or TOAO?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio.
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 | TOAO |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.95% |
| AUM | $112.1B | $439M |
| Dividend Yield | 3.00% | 0.00% |
| Holdings | 103 | 49 |
| YTD Return | +25.07%Best | +7.48% |
| 1Y Return | +27.61% | - |
| 3Y Return (annualized) | +15.74% | - |
| 5Y Return (annualized) | +9.89% | - |
| Fund Family | Charles Schwab Asset Management | Twin Oak |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Apr 24, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SCHD vs TOAO 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 TOAO Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Twin Oak Active Opportunities III ETF (TOAO) is an ETF from Twin Oak. Year to date, SCHD is up 25.07% versus a gain of 7.48% for TOAO.
Past performance does not guarantee future results.
Fees and Cost Over Time
SCHD charges 0.06% per year while TOAO charges 0.95%. On a $10,000 position that is $6 vs $95 annually, a gap of $89 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.00% for TOAO.
Holdings Overlap
At least 3.8% of SCHD's money is in holdings TOAO also owns.
Stated as a floor: for TOAO, our book for it covers 92.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and TOAO share little of their money.
1 positions in common, counted across the 100 positions we hold weights for in SCHD and 25 in TOAO, against full books of 103 and 49.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TOAO | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Inc. | 3.82% | 1.26% | 2.56% |
You are not choosing between two funds in isolation.
Whichever of SCHD and TOAO 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 TOAO?
SCHD has an expense ratio of 0.06% while TOAO charges 0.95%. SCHD is the cheaper option, by $89 a year on a $10,000 investment.
What is the holdings overlap between SCHD and TOAO?
At least 3.8% of SCHD's money is in holdings TOAO also owns. Our book for TOAO is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 100 positions we hold weights for in SCHD and 25 in TOAO.
Which pays a higher dividend, SCHD or TOAO?
SCHD yields 3.00% while TOAO yields 0.00%, so SCHD currently pays the higher dividend yield.
Is TOAO better than SCHD?
SCHD has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.