SCHD vs TSPY
Schwab US Dividend Equity ETF vs TappAlpha S&P 500 Growth & Daily Income ETF
Which is better, SCHD or TSPY?
Large Cap Value against Multi Alternative.
SCHD has a lower expense ratio. SCHD led over 1Y, TSPY over the full window.
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 | TSPY |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.71% |
| AUM | $112.1B | $321M |
| Dividend Yield | 3.00% | 15.15% |
| Holdings | 103 | 4 |
| YTD Return | +24.23%Best | +9.92% |
| 1Y Return | +27.90%Best | +15.45% |
| 3Y Return (annualized) | +15.55% | - |
| 5Y Return (annualized) | +9.97% | - |
| Volatility (annualized) | 13.5% | 12.4%Best |
| Max Drawdown | -16.1%Best | -18.0% |
| $10,000 over 2.1 years | $13,426 | $13,908Best |
| Fund Family | Charles Schwab Asset Management | TappAlpha |
| Category | Equity | Alternative |
| Style | Large Cap Value | Multi Alternative |
| Inception | Oct 20, 2011 | Aug 14, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 15, 2024 to Sep 17, 2026 (2.1 years).
SCHD vs TSPY 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 2.1 years both funds cover.
SCHD vs TSPY Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is an ETF from TappAlpha. Over the past year SCHD returned +27.90% while TSPY returned +15.45%. Year to date, SCHD is up 24.23% versus a gain of 9.92% for TSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 12.4% for TSPY. 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 -16.1% for SCHD and -18.0% for TSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TSPY charges 0.71%. On a $10,000 position that is $6 vs $71 annually, a gap of $65 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 15.15% for TSPY.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 2 in TSPY, totalling 100.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 2 in TSPY, against full books of 103 and 4.
You are not choosing between two funds in isolation.
Whichever of SCHD and TSPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TSPY?
SCHD has an expense ratio of 0.06% while TSPY charges 0.71%. SCHD is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, SCHD or TSPY?
Over the past year SCHD returned +27.90% vs +15.45% for TSPY, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +15.06% vs +17.01% for TSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TSPY?
SCHD has been the more volatile fund at 13.5% annualized versus 12.4% for TSPY. Worst drawdown: SCHD -16.1% vs TSPY -18.0%.
Should I hold both SCHD and TSPY?
SCHD and TSPY have a monthly-return correlation of 0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or TSPY?
SCHD yields 3.00% while TSPY yields 15.15%, so TSPY currently pays the higher dividend yield.
Is TSPY better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TSPY over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.