SCHD vs TSPA
Schwab US Dividend Equity ETF vs T Rowe Price US Equity Research ETF
Which is better, SCHD or TSPA?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, TSPA over 3Y, 5Y and the full window. TSPA is less concentrated, with 36.4% 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 | TSPA |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.34% |
| AUM | $112.1B | $4.5B |
| Dividend Yield | 3.00% | 0.55% |
| Holdings | 103 | 330 |
| YTD Return | +24.23%Best | +12.10% |
| 1Y Return | +27.90%Best | +16.93% |
| 3Y Return (annualized) | +15.55% | +21.22%Best |
| 5Y Return (annualized) | +9.97% | +13.45%Best |
| Volatility (annualized) | 14.7%Best | 15.7% |
| Max Drawdown | -16.9%Best | -24.7% |
| $10,000 over 5 years | $16,083 | $18,794Best |
| Top 10 Weight | 41.8% | 36.4%Best |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jun 8, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 9, 2021 to Sep 17, 2026 (5.3 years).
SCHD vs TSPA 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 5.3 years both funds cover.
SCHD vs TSPA Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year SCHD returned +27.90% while TSPA returned +16.93%. Year to date, SCHD is up 24.23% versus a gain of 12.10% for TSPA.
Over three years, SCHD compounded at +15.55% per year against +21.22% for TSPA; over five years the annualized figures are +9.97% and +13.45% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPA has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.7% 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 -16.9% for SCHD and -24.7% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TSPA charges 0.34%. On a $10,000 position that is $6 vs $34 annually, a gap of $28 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.55% for TSPA.
Holdings Overlap
59.5% of SCHD's money is in holdings TSPA also owns. 5.4% of TSPA's money is in holdings SCHD also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 100 positions we hold weights for in SCHD and 330 in TSPA, against full books of 103 and 330.
What only one of them owns
Our book lists 290 positions for TSPA that do not appear in our book for SCHD (92.1% of the fund), and 78 for SCHD that do not appear in TSPA (40.5%).
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 TSPA | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 4.70% | 0.26% | 4.44% |
| ABTAbbott Laboratories | 4.69% | 0.26% | 4.43% |
| KOCoca Cola Co. | 4.17% | 0.57% | 3.60% |
| CVXChevron Corp | 4.02% | 0.56% | 3.46% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.69% | 3.13% |
| HDHome Depot Inc/The | 3.88% | 0.59% | 3.29% |
| PGProcter & Gamble Company | 3.83% | 0.60% | 3.23% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.34% | 3.60% |
| PEPPepsico Inc. | 3.64% | 0.18% | 3.46% |
| BMYBristol-Myers Squibb Co. | 3.33% | 0.26% | 3.07% |
59.5% of SCHD is already inside TSPA.
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 TSPA?
SCHD has an expense ratio of 0.06% while TSPA charges 0.34%. SCHD is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, SCHD or TSPA?
Over the past year SCHD returned +27.90% vs +16.93% for TSPA, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TSPA?
TSPA has been the more volatile fund at 15.7% annualized versus 14.7% for SCHD. Worst drawdown: SCHD -16.9% vs TSPA -24.7%.
Should I hold both SCHD and TSPA?
SCHD and TSPA have a monthly-return correlation of 0.70, 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 TSPA?
59.5% of SCHD's money is in holdings TSPA also owns. 5.4% of TSPA's is in holdings SCHD also owns. They hold 21 positions in common, counted across the 100 positions we hold weights for in SCHD and 330 in TSPA.
Which pays a higher dividend, SCHD or TSPA?
SCHD yields 3.00% while TSPA yields 0.55%, so SCHD currently pays the higher dividend yield.
Is TSPA better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TSPA over 3Y, 5Y and the full window. TSPA is less concentrated, with 36.4% 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.