SCHD vs TPZ
Schwab US Dividend Equity ETF vs Tortoise Essential Energy Fund
Quick Verdict
SCHD has a lower expense ratio. TPZ delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | TPZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.85% | |
| AUM | $108.7B | $121M | |
| Dividend Yield | 3.13% | 3.15% | |
| Holdings | 104 | 35 | |
| YTD Return | +26.54% | +3.09% | |
| 1Y Return | +30.90% | +58.31% | |
| 3Y Return (annualized) | +16.29% | +23.77% | |
| 5Y Return (annualized) | +9.65% | +13.32% | |
| Volatility (annualized) | 13.6% | 24.4% | |
| Max Drawdown | -33.4% | -87.9% | |
| Fund Family | Charles Schwab Asset Management | Tortoise Capital | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jul 29, 2009 |
SCHD vs TPZ Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Tortoise Essential Energy Fund (TPZ) is a ETF from Tortoise Capital. Over the past year SCHD returned +30.90% while TPZ returned +58.31%. Year to date, SCHD is up 26.54% versus a gain of 3.09% for TPZ.
Over three years, SCHD compounded at +16.29% per year against +23.77% for TPZ; over five years the annualized figures are +9.65% and +13.32% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +8.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TPZ has been the more volatile fund, with annualized monthly volatility of 24.4% 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 -87.9% for TPZ. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TPZ charges 0.85%. On a $10,000 position that is $6 vs $85 annually, a gap of $79 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.15% for TPZ.
Holdings Overlap
SCHD and TPZ share 1 holdings out of 130 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 TPZ | Difference |
|---|---|---|---|
| OKE | 1.36% | 3.75% | 2.39% |
Frequently Asked Questions
Which is cheaper, SCHD or TPZ?
SCHD has an expense ratio of 0.06% while TPZ charges 0.85%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, SCHD or TPZ?
Over the past year SCHD returned +30.90% vs +58.31% for TPZ, so TPZ leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.51% vs +8.26% for TPZ. Past performance does not guarantee future results.
Which is riskier, SCHD or TPZ?
TPZ has been the more volatile fund at 24.4% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TPZ -87.9%.
Should I hold both SCHD and TPZ?
SCHD and TPZ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TPZ?
SCHD and TPZ share 1 common holdings with a 1.4% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, SCHD or TPZ?
SCHD yields 3.13% while TPZ yields 3.15%, so TPZ currently pays the higher dividend yield.
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