SCHD vs TOPC
Schwab US Dividend Equity ETF vs iShares S&P 500 3% Capped ETF
Which is better, SCHD or TOPC?
Large Cap Value against Large Cap Growth.
SCHD has a lower expense ratio. SCHD led over 1Y, TOPC over the full window. TOPC is less concentrated, with 25.4% 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 | TOPC |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.09% |
| AUM | $112.1B | $33M |
| Dividend Yield | 3.00% | 1.02% |
| Holdings | 103 | 509 |
| YTD Return | +24.04%Best | +11.09% |
| 1Y Return | +27.95%Best | +15.04% |
| 3Y Return (annualized) | +15.51% | - |
| 5Y Return (annualized) | +9.80% | - |
| Volatility (annualized) | 12.1% | 11.2%Best |
| Max Drawdown | -4.6%Best | -8.0% |
| $10,000 over 1.4 years | $14,036 | $14,133Best |
| Top 10 Weight | 41.8% | 25.4%Best |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 20, 2011 | Apr 15, 2025 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Apr 16, 2025 to Sep 16, 2026 (1.4 years).
SCHD vs TOPC 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 1.4 years both funds cover.
SCHD vs TOPC Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and iShares S&P 500 3% Capped ETF (TOPC) is an ETF from iShares by BlackRock (US). Over the past year SCHD returned +27.95% while TOPC returned +15.04%. Year to date, SCHD is up 24.04% versus a gain of 11.09% for TOPC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 11.2% for TOPC. 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 -4.6% for SCHD and -8.0% for TOPC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TOPC charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.02% for TOPC.
Holdings Overlap
94.7% of SCHD's money is in holdings TOPC also owns. 9.7% of TOPC's money is in holdings SCHD also owns.
Most of SCHD is already inside TOPC. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 100 positions we hold weights for in SCHD and 490 in TOPC, against full books of 103 and 509.
What only one of them owns
Our book lists 439 positions for TOPC that do not appear in our book for SCHD (88.8% of the fund), and 54 for SCHD that do not appear in TOPC (5.2%).
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 TOPC | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.67% | 4.10% |
| AMGNAmgen Inc. | 4.70% | 0.42% | 4.28% |
| ABTAbbott Laboratories | 4.69% | 0.35% | 4.34% |
| KOCoca Cola Co. | 4.17% | 0.63% | 3.54% |
| CVXChevron Corp | 4.02% | 0.71% | 3.31% |
| HDHome Depot Inc/The | 3.88% | 0.60% | 3.28% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.65% | 3.17% |
| PGProcter & Gamble Company | 3.83% | 0.62% | 3.21% |
| VZVerizon Communic | 3.97% | 0.38% | 3.59% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.30% | 3.64% |
94.7% of SCHD is already inside TOPC.
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 TOPC?
SCHD has an expense ratio of 0.06% while TOPC charges 0.09%. SCHD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or TOPC?
Over the past year SCHD returned +27.95% vs +15.04% for TOPC, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +27.40% vs +28.03% for TOPC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TOPC?
SCHD has been the more volatile fund at 12.1% annualized versus 11.2% for TOPC. Worst drawdown: SCHD -4.6% vs TOPC -8.0%.
Should I hold both SCHD and TOPC?
SCHD and TOPC have a monthly-return correlation of 0.32, 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 TOPC?
94.7% of SCHD's money is in holdings TOPC also owns. 9.7% of TOPC's is in holdings SCHD also owns. They hold 45 positions in common, counted across the 100 positions we hold weights for in SCHD and 490 in TOPC.
Which pays a higher dividend, SCHD or TOPC?
SCHD yields 3.00% while TOPC yields 1.02%, so SCHD currently pays the higher dividend yield.
Is TOPC better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TOPC over the full window. TOPC is less concentrated, with 25.4% 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.