SCHD vs UTRE
Schwab US Dividend Equity ETF vs F/m US Treasury 3 Year Note ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | UTRE | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.15% | |
| AUM | $103.7B | $9M | |
| Dividend Yield | 3.31% | 3.81% | |
| Holdings | 104 | 2 | |
| YTD Return | +25.58% | +0.32% | |
| 1Y Return | +31.06% | +2.05% | |
| 3Y Return (annualized) | +15.55% | +4.39% | |
| 5Y Return (annualized) | +9.61% | - | |
| Volatility (annualized) | 13.6% | 2.5% | |
| Max Drawdown | -33.4% | -2.8% | |
| Fund Family | Charles Schwab Asset Management | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Mar 28, 2023 |
SCHD vs UTRE Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and F/m US Treasury 3 Year Note ETF (UTRE) is a ETF from US Benchmark Series. Over the past year SCHD returned +31.06% while UTRE returned +2.05%. Year to date, SCHD is up 25.58% versus a gain of 0.32% for UTRE.
Over three years, SCHD compounded at +15.55% per year against +4.39% for UTRE. Across the full 3-year window we track, SCHD has the edge at +11.46% annualized vs +3.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.5% for UTRE. 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 -2.8% for UTRE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while UTRE charges 0.15%. On a $10,000 position that is $6 vs $15 annually, a gap of $9 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 3.81% for UTRE.
Frequently Asked Questions
Which is cheaper, SCHD or UTRE?
SCHD has an expense ratio of 0.06% while UTRE charges 0.15%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SCHD or UTRE?
Over the past year SCHD returned +31.06% vs +2.05% for UTRE, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.46% vs +3.58% for UTRE. Past performance does not guarantee future results.
Which is riskier, SCHD or UTRE?
SCHD has been the more volatile fund at 13.6% annualized versus 2.5% for UTRE. Worst drawdown: SCHD -33.4% vs UTRE -2.8%.
Should I hold both SCHD and UTRE?
SCHD and UTRE have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or UTRE?
SCHD yields 3.31% while UTRE yields 3.81%, so UTRE currently pays the higher dividend yield.
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