SCHD vs TXSS
Schwab US Dividend Equity ETF vs Texas Capital Texas Small Cap Equity Index ETF
Which is better, SCHD or TXSS?
Large Cap Value against Small Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. TXSS is less concentrated, with 31.1% of the fund in its ten largest positions against 41.5%.
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 | TXSS |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.49% |
| AUM | $112.2B | $10M |
| Dividend Yield | 3.13% | 0.48% |
| Holdings | 103 | 182 |
| Volatility (annualized) | 11.9%Best | 18.5% |
| Max Drawdown | -16.1%Best | -25.6% |
| $10,000 over 2 years | $11,742Best | $10,851 |
| Top 10 Weight | 41.5% | 31.1%Best |
| Fund Family | Charles Schwab Asset Management | Texas Capital |
| Category | Equity | Equity |
| Style | Large Cap Value | Small Cap Blend |
| Inception | Oct 20, 2011 | Dec 20, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 270 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 4, 2026 and TXSS through Dec 8, 2025.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Dec 21, 2023 to Dec 8, 2025 (2 years).
Risk: Volatility and Drawdowns
TXSS has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 11.9% 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 -25.6% for TXSS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TXSS 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 3.13% against 0.48% for TXSS.
Holdings Overlap
0.3% of SCHD's money is in holdings TXSS also owns. 1.9% of TXSS's money is in holdings SCHD also owns.
TXSS and SCHD share little of their money.
The two holdings books were reported 280 days apart, SCHD as of Aug 7, 2026 and TXSS as of Oct 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 100 positions we hold weights for in SCHD and 182 in TXSS, against full books of 103 and 182.
What only one of them owns
Our book lists 178 positions for TXSS that do not appear in our book for SCHD (98.1% of the fund), and 95 for SCHD that do not appear in TXSS (99.6%).
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 TXSS 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 TXSS?
SCHD has an expense ratio of 0.06% while TXSS charges 0.49%. SCHD is the cheaper option, by $43 a year on a $10,000 investment.
Which is riskier, SCHD or TXSS?
TXSS has been the more volatile fund at 18.5% annualized versus 11.9% for SCHD. Worst drawdown: SCHD -16.1% vs TXSS -25.6%.
Should I hold both SCHD and TXSS?
SCHD and TXSS have a monthly-return correlation of 0.75, 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 TXSS?
1.9% of TXSS's money is in holdings SCHD also owns. 1.9% of TXSS's is in holdings SCHD also owns. They hold 4 positions in common, counted across the 100 positions we hold weights for in SCHD and 182 in TXSS.
Which pays a higher dividend, SCHD or TXSS?
SCHD yields 3.13% while TXSS yields 0.48%, so SCHD currently pays the higher dividend yield.
Is TXSS better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. TXSS is less concentrated, with 31.1% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.