SCHD vs TXS
Schwab US Dividend Equity ETF vs Texas Capital Texas Equity Index ETF
Which is better, SCHD or TXS?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, TXS over the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.2%.
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 | TXS |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.49% |
| AUM | $112.1B | $39M |
| Dividend Yield | 3.00% | 0.75% |
| Holdings | 103 | 457 |
| Volatility (annualized) | 13.3%Best | 13.8% |
| Max Drawdown | -16.1%Best | -19.7% |
| $10,000 over 3.2 years | $15,644 | $17,364Best |
| Top 10 Weight | 41.8%Best | 42.2% |
| Fund Family | Charles Schwab Asset Management | Texas Capital |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jul 12, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 14 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SCHD has data through Sep 29, 2026 and TXS through Sep 15, 2026.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 13, 2023 to Sep 15, 2026 (3.2 years).
Risk: Volatility and Drawdowns
TXS has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 13.3% 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 -16.1% for SCHD and -19.7% for TXS. 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 TXS charges 0.49%. On a $10,000 position that is $6 vs $49 annually, a gap of $43 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.75% for TXS.
Holdings Overlap
17.1% of SCHD's money is in holdings TXS also owns. 6.1% of TXS's money is in holdings SCHD also owns.
SCHD and TXS share little of their money.
12 positions in common, counted across the 100 positions we hold weights for in SCHD and 228 in TXS, against full books of 103 and 457.
What only one of them owns
Our book lists 215 positions for TXS that do not appear in our book for SCHD (93.8% of the fund), and 87 for SCHD that do not appear in TXS (82.8%).
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 TXS | Difference |
|---|---|---|---|
| COPConocophillips Common Stock USD 0.01 | 3.94% | 1.75% | 2.19% |
| CVXChevron Corp | 4.02% | 1.30% | 2.72% |
| TXNTexas Instrument Inc | 3.13% | 0.76% | 2.37% |
| SLBSchlumberger Nv. | 2.19% | 0.91% | 1.28% |
| EOGEog Resources Inc | 1.88% | 0.83% | 1.05% |
| KMBKimberly-Clark Corp. | 0.87% | 0.11% | 0.76% |
| APAApa Corp | 0.37% | 0.17% | 0.20% |
| DINOHF Sinclair Corp | 0.38% | 0.07% | 0.31% |
| NXSTNexstar Media Group Inc | 0.13% | 0.05% | 0.08% |
| MURMurphy Oil Corp | 0.12% | 0.05% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of SCHD and TXS 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 TXS?
SCHD has an expense ratio of 0.06% while TXS charges 0.49%. SCHD is the cheaper option, by $43 a year on a $10,000 investment.
Which is riskier, SCHD or TXS?
TXS has been the more volatile fund at 13.8% annualized versus 13.3% for SCHD. Worst drawdown: SCHD -16.1% vs TXS -19.7%.
Should I hold both SCHD and TXS?
SCHD and TXS 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 TXS?
17.1% of SCHD's money is in holdings TXS also owns. 6.1% of TXS's is in holdings SCHD also owns. They hold 12 positions in common, counted across the 100 positions we hold weights for in SCHD and 228 in TXS.
Which pays a higher dividend, SCHD or TXS?
SCHD yields 3.00% while TXS yields 0.75%, so SCHD currently pays the higher dividend yield.
Is TXS better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, TXS over the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.