SCHD vs TVAL
Schwab US Dividend Equity ETF vs T. Rowe Price Value ETF
Which is better, SCHD or TVAL?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, TVAL over 3Y and the full window. TVAL is less concentrated, with 29.1% 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 | TVAL |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.33% |
| AUM | $112.1B | $1.0B |
| Dividend Yield | 3.00% | 0.95% |
| Holdings | 103 | 155 |
| YTD Return | +25.84%Best | +20.32% |
| 1Y Return | +30.18%Best | +28.25% |
| 3Y Return (annualized) | +16.08% | +19.46%Best |
| 5Y Return (annualized) | +9.97% | - |
| Volatility (annualized) | 13.2% | 12.3%Best |
| Max Drawdown | -16.1% | -15.8%Best |
| $10,000 over 3.3 years | $15,928 | $17,388Best |
| Top 10 Weight | 41.8% | 29.1%Best |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 15, 2026 (3.3 years).
SCHD vs TVAL 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 3.3 years both funds cover.
SCHD vs TVAL Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year SCHD returned +30.18% while TVAL returned +28.25%. Year to date, SCHD is up 25.84% versus a gain of 20.32% for TVAL.
Over three years, SCHD compounded at +16.08% per year against +19.46% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.3% for TVAL. 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 -15.8% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TVAL charges 0.33%. On a $10,000 position that is $6 vs $33 annually, a gap of $27 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.95% for TVAL.
Holdings Overlap
50.8% of SCHD's money is in holdings TVAL also owns. 12.1% of TVAL's money is in holdings SCHD also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 100 positions we hold weights for in SCHD and 151 in TVAL, against full books of 103 and 155.
What only one of them owns
Our book lists 126 positions for TVAL that do not appear in our book for SCHD (82.8% of the fund), and 83 for SCHD that do not appear in TVAL (49.1%).
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 TVAL | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 1.12% | 3.65% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 1.83% | 2.11% |
| PGProcter & Gamble Company | 3.83% | 1.57% | 2.26% |
| UNHUnitedhealth Group Incorporated | 3.82% | 1.30% | 2.52% |
| KOCoca Cola Co. | 4.17% | 0.87% | 3.30% |
| ABTAbbott Laboratories | 4.69% | 0.19% | 4.50% |
| CVXChevron Corp | 4.02% | 0.67% | 3.35% |
| HDHome Depot Inc/The | 3.88% | 0.76% | 3.12% |
| VZVerizon Communic | 3.97% | 0.29% | 3.68% |
| BMYBristol-Myers Squibb Co. | 3.33% | 0.45% | 2.88% |
50.8% of SCHD is already inside TVAL.
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 TVAL?
SCHD has an expense ratio of 0.06% while TVAL charges 0.33%. SCHD is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, SCHD or TVAL?
Over the past year SCHD returned +30.18% vs +28.25% for TVAL, 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 TVAL?
SCHD has been the more volatile fund at 13.2% annualized versus 12.3% for TVAL. Worst drawdown: SCHD -16.1% vs TVAL -15.8%.
Should I hold both SCHD and TVAL?
SCHD and TVAL have a monthly-return correlation of 0.81, 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 TVAL?
50.8% of SCHD's money is in holdings TVAL also owns. 12.1% of TVAL's is in holdings SCHD also owns. They hold 16 positions in common, counted across the 100 positions we hold weights for in SCHD and 151 in TVAL.
Which pays a higher dividend, SCHD or TVAL?
SCHD yields 3.00% while TVAL yields 0.95%, so SCHD currently pays the higher dividend yield.
Is TVAL better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TVAL over 3Y and the full window. TVAL is less concentrated, with 29.1% 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.