SCHD vs TPYP
Schwab US Dividend Equity ETF vs Tortoise North American Pipeline ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | TPYP | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.40% | |
| AUM | $108.7B | $871M | |
| Dividend Yield | 3.13% | 3.20% | |
| Holdings | 104 | 45 | |
| YTD Return | +26.54% | +0.92% | |
| 1Y Return | +30.90% | +27.54% | |
| 3Y Return (annualized) | +16.29% | +15.81% | |
| 5Y Return (annualized) | +9.65% | +21.69% | |
| Volatility (annualized) | 13.6% | 21.8% | |
| Max Drawdown | -33.4% | -52.0% | |
| Fund Family | Charles Schwab Asset Management | TortoiseEcofin Funds | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jun 29, 2015 |
SCHD vs TPYP Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Tortoise North American Pipeline ETF (TPYP) is a ETF from TortoiseEcofin Funds. Over the past year SCHD returned +30.90% while TPYP returned +27.54%. Year to date, SCHD is up 26.54% versus a gain of 0.92% for TPYP.
Over three years, SCHD compounded at +16.29% per year against +15.81% for TPYP; over five years the annualized figures are +9.65% and +21.69% respectively. Across the full 10-year window we track, SCHD has the edge at +11.51% annualized vs +8.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TPYP has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -52.0% for TPYP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TPYP charges 0.40%. On a $10,000 position that is $6 vs $40 annually, a gap of $34 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.20% for TPYP.
Holdings Overlap
SCHD and TPYP share 1 holdings out of 143 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TPYP | Difference |
|---|---|---|---|
| OKE | 1.36% | 6.71% | 5.35% |
Frequently Asked Questions
Which is cheaper, SCHD or TPYP?
SCHD has an expense ratio of 0.06% while TPYP charges 0.40%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, SCHD or TPYP?
Over the past year SCHD returned +30.90% vs +27.54% for TPYP, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.51% vs +8.22% for TPYP. Past performance does not guarantee future results.
Which is riskier, SCHD or TPYP?
TPYP has been the more volatile fund at 21.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TPYP -52.0%.
Should I hold both SCHD and TPYP?
SCHD and TPYP have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TPYP?
SCHD and TPYP share 1 common holdings with a 1.4% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, SCHD or TPYP?
SCHD yields 3.13% while TPYP yields 3.20%, so TPYP currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.