SCHD vs TOAO
Schwab US Dividend Equity ETF vs Twin Oak Active Opportunities III ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TOAO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.95% | |
| AUM | $103.7B | $427M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 28 | |
| YTD Return | +26.21% | +8.83% | |
| 1Y Return | +29.99% | - | |
| 3Y Return (annualized) | +15.73% | - | |
| 5Y Return (annualized) | +9.67% | - | |
| Volatility (annualized) | 13.6% | - | |
| Max Drawdown | -33.4% | -4.2% | |
| Fund Family | Charles Schwab Asset Management | Twin Oak | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Apr 24, 2026 |
SCHD vs TOAO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Twin Oak Active Opportunities III ETF (TOAO) is a ETF from Twin Oak. Year to date, SCHD is up 26.21% versus a gain of 8.83% for TOAO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -4.2% for TOAO. 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 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 3.31% against 0.00% for TOAO.
Holdings Overlap
SCHD and TOAO share 1 holdings out of 127 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TOAO | Difference |
|---|---|---|---|
| UNH | 4.54% | 1.33% | 3.21% |
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. On a $10,000 investment, that is $89 per year of difference.
What is the holdings overlap between SCHD and TOAO?
SCHD and TOAO share 1 common holdings with a 1.3% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, SCHD or TOAO?
SCHD yields 3.31% while TOAO yields 0.00%, so SCHD currently pays the higher dividend yield.
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