SCHD vs TSPA
Schwab US Dividend Equity ETF vs T Rowe Price US Equity Research ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. TSPA offers more diversification with 310 holdings.
Side-by-Side Comparison
| Metric | SCHD | TSPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.34% | |
| AUM | $108.7B | $4.5B | |
| Dividend Yield | 3.13% | 0.57% | |
| Holdings | 104 | 310 | |
| YTD Return | +27.67% | +13.24% | |
| 1Y Return | +29.56% | +20.25% | |
| 3Y Return (annualized) | +16.53% | +21.94% | |
| 5Y Return (annualized) | +9.95% | +13.28% | |
| Volatility (annualized) | 13.6% | 15.8% | |
| Max Drawdown | -33.4% | -24.7% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jun 8, 2021 |
SCHD vs TSPA Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T Rowe Price US Equity Research ETF (TSPA) is a ETF from T.Rowe Price. Over the past year SCHD returned +29.56% while TSPA returned +20.25%. Year to date, SCHD is up 27.67% versus a gain of 13.24% for TSPA.
Over three years, SCHD compounded at +16.53% per year against +21.94% for TSPA; over five years the annualized figures are +9.95% and +13.28% respectively. Across the full 5-year window we track, TSPA has the edge at +14.19% annualized vs +11.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPA has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -24.7% for TSPA. 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 0.70. 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 3.13% against 0.57% for TSPA.
Holdings Overlap
SCHD and TSPA share 21 holdings out of 409 unique holdings combined, representing a 5.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $28 per year of difference.
Which performed better, SCHD or TSPA?
Over the past year SCHD returned +29.56% vs +20.25% for TSPA, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.55% vs +14.19% for TSPA. Past performance does not guarantee future results.
Which is riskier, SCHD or TSPA?
TSPA has been the more volatile fund at 15.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TSPA -24.7%.
Should I hold both SCHD and TSPA?
SCHD and TSPA have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TSPA?
SCHD and TSPA share 21 common holdings with a 5.4% weight overlap. Combined, they hold 409 unique securities.
Which pays a higher dividend, SCHD or TSPA?
SCHD yields 3.13% while TSPA yields 0.57%, so SCHD currently pays the higher dividend yield.
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