SCHD vs TWN
Schwab US Dividend Equity ETF vs Taiwan Fund Inc.
Which is better, SCHD or TWN?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. TWN led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 73.2%.
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 | TWN |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.96% |
| AUM | $112.1B | $311M |
| Dividend Yield | 3.00% | 6.18% |
| Holdings | 103 | 30 |
| YTD Return | +24.23% | +83.32%Best |
| 1Y Return | +27.90% | +108.75%Best |
| 3Y Return (annualized) | +15.55% | +64.17%Best |
| 5Y Return (annualized) | +9.97% | +32.10%Best |
| Volatility (annualized) | 13.6%Best | 26.0% |
| Max Drawdown | -33.4%Best | -51.7% |
| $10,000 over 5 years | $16,083 | $40,227Best |
| Top 10 Weight | 41.8%Best | 73.2% |
| Fund Family | Charles Schwab Asset Management | The Taiwan Fund |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Dec 23, 1986 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 17, 2026 (14.9 years).
SCHD vs TWN 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 14.9 years both funds cover.
SCHD vs TWN Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Taiwan Fund Inc. (TWN) is an ETF from The Taiwan Fund. Over the past year SCHD returned +27.90% while TWN returned +108.75%. Year to date, SCHD is up 24.23% versus a gain of 83.32% for TWN.
Over three years, SCHD compounded at +15.55% per year against +64.17% for TWN; over five years the annualized figures are +9.97% and +32.10% respectively. Across the full 15-year window we track, TWN has the edge at +20.19% annualized vs +11.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TWN has been the more volatile fund, with annualized monthly volatility of 26.0% 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 -51.7% for TWN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TWN charges 0.96%. On a $10,000 position that is $6 vs $96 annually, a gap of $90 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 6.18% for TWN.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 30 in TWN, totalling 100.0% and 98.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 92 days apart, SCHD as of Aug 31, 2026 and TWN as of May 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 30 in TWN, against full books of 103 and 30.
What only one of them owns
Our book lists 0 positions for TWN that do not appear in our book for SCHD (0.0% of the fund), and 99 for SCHD that do not appear in TWN (99.9%).
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.
You are not choosing between two funds in isolation.
Whichever of SCHD and TWN 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 TWN?
SCHD has an expense ratio of 0.06% while TWN charges 0.96%. SCHD is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, SCHD or TWN?
Over the past year SCHD returned +27.90% vs +108.75% for TWN, so TWN leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.30% vs +20.19% for TWN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TWN?
TWN has been the more volatile fund at 26.0% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TWN -51.7%.
Should I hold both SCHD and TWN?
SCHD and TWN have a monthly-return correlation of 0.45, 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 TWN?
SCHD yields 3.00% while TWN yields 6.18%, so TWN currently pays the higher dividend yield.
Is TWN better than SCHD?
SCHD has a lower expense ratio. TWN led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 73.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.