SCHD vs TOK
Schwab US Dividend Equity ETF vs iShares MSCI Kokusai ETF
Which is better, SCHD or TOK?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, TOK over 3Y and 5Y. TOK is less concentrated, with 27.5% 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 | TOK |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.25% |
| AUM | $112.1B | $246M |
| Dividend Yield | 3.00% | 1.27% |
| Holdings | 103 | 1,136 |
| YTD Return | +25.07%Best | +11.65% |
| 1Y Return | +27.61%Best | +16.88% |
| 3Y Return (annualized) | +15.74% | +20.46%Best |
| 5Y Return (annualized) | +9.89% | +11.59%Best |
| Volatility (annualized) | 13.6%Best | 14.1% |
| Max Drawdown | -33.4%Best | -34.8% |
| $10,000 over 5 years | $16,025 | $17,303Best |
| Top 10 Weight | 41.8% | 27.5%Best |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Dec 10, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
SCHD vs TOK 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 14.9 years both funds cover.
SCHD vs TOK Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and iShares MSCI Kokusai ETF (TOK) is an ETF from iShares by BlackRock (US). Over the past year SCHD returned +27.61% while TOK returned +16.88%. Year to date, SCHD is up 25.07% versus a gain of 11.65% for TOK.
Over three years, SCHD compounded at +15.74% per year against +20.46% for TOK; over five years the annualized figures are +9.89% and +11.59% respectively. Across the full 15-year window we track, SCHD has the edge at +11.36% annualized vs +10.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOK has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.6% 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 -33.4% for SCHD and -34.8% for TOK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TOK charges 0.25%. On a $10,000 position that is $6 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.27% for TOK.
Holdings Overlap
86.3% of SCHD's money is in holdings TOK also owns. 5.5% of TOK's money is in holdings SCHD also owns.
Most of SCHD is already inside TOK. Owning both mostly buys the same companies twice.
The two holdings books were reported 62 days apart, SCHD as of Aug 31, 2026 and TOK as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
39 positions in common, counted across the 100 positions we hold weights for in SCHD and 892 in TOK, against full books of 103 and 1,136.
What only one of them owns
Our book lists 414 positions for TOK that do not appear in our book for SCHD (69.4% of the fund), and 60 for SCHD that do not appear in TOK (13.6%).
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 TOK | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 4.77% | 0.37% | 4.40% |
| AMGNAmgen Inc. | 4.70% | 0.23% | 4.47% |
| ABTAbbott Laboratories | 4.69% | 0.20% | 4.49% |
| KOCoca Cola Co. | 4.17% | 0.38% | 3.79% |
| CVXChevron Corp. | 4.02% | 0.36% | 3.66% |
| HDHome Depot Inc/The | 3.88% | 0.41% | 3.47% |
| UNHUnitedhealth Group Inc. | 3.82% | 0.45% | 3.37% |
| PGProcter & Gamble Company | 3.83% | 0.41% | 3.42% |
| VZVerizon Communications, Inc. | 3.97% | 0.21% | 3.76% |
| COPConocophillips Co | 3.94% | 0.15% | 3.79% |
86.3% of SCHD is already inside TOK.
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 TOK?
SCHD has an expense ratio of 0.06% while TOK charges 0.25%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, SCHD or TOK?
Over the past year SCHD returned +27.61% vs +16.88% for TOK, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.36% vs +10.80% for TOK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TOK?
TOK has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TOK -34.8%.
Should I hold both SCHD and TOK?
SCHD and TOK have a monthly-return correlation of 0.84, 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 TOK?
86.3% of SCHD's money is in holdings TOK also owns. 5.5% of TOK's is in holdings SCHD also owns. They hold 39 positions in common, counted across the 100 positions we hold weights for in SCHD and 892 in TOK.
Which pays a higher dividend, SCHD or TOK?
SCHD yields 3.00% while TOK yields 1.27%, so SCHD currently pays the higher dividend yield.
Is TOK better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, TOK over 3Y and 5Y. TOK is less concentrated, with 27.5% 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.