SCHD vs VTEC
Schwab US Dividend Equity ETF vs Vanguard California Tax-Exempt Bond ETF
Which is better, SCHD or VTEC?
Large Cap Value against Municipal California.
SCHD led over 1Y and the full window.
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 | VTEC |
|---|---|---|
| Expense Ratio | 0.06%Tie | 0.06%Tie |
| AUM | $112.1B | $3.1B |
| Dividend Yield | 3.00% | 3.19% |
| Holdings | 103 | 3,874 |
| YTD Return | +24.23%Best | -3.95% |
| 1Y Return | +27.90%Best | -2.87% |
| 3Y Return (annualized) | +15.55% | - |
| 5Y Return (annualized) | +9.97% | - |
| Volatility (annualized) | 13.0% | 4.0%Best |
| Max Drawdown | -16.1% | -5.7%Best |
| $10,000 over 2.6 years | $14,369Best | $10,104 |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Value | Municipal California |
| Inception | Oct 20, 2011 | Jan 26, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Jan 30, 2024 to Sep 17, 2026 (2.6 years).
SCHD vs VTEC 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 2.6 years both funds cover.
SCHD vs VTEC Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Vanguard California Tax-Exempt Bond ETF (VTEC) is an ETF from Vanguard (US). Over the past year SCHD returned +27.90% while VTEC returned -2.87%. Year to date, SCHD is up 24.23% versus a loss of 3.95% for VTEC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 4.0% for VTEC. 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 -5.7% for VTEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while VTEC charges 0.06%. On a $10,000 position that is $6 vs $6 annually. On income, SCHD currently yields 3.00% against 3.19% for VTEC.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 304 in VTEC, totalling 100.0% and 9.4% 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 62 days apart, SCHD as of Aug 31, 2026 and VTEC as of Jun 30, 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 304 in VTEC, against full books of 103 and 3,874.
You are not choosing between two funds in isolation.
Whichever of SCHD and VTEC 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 VTEC?
SCHD has an expense ratio of 0.06% while VTEC charges 0.06%. At the precision these are quoted to, they cost the same.
Which performed better, SCHD or VTEC?
Over the past year SCHD returned +27.90% vs -2.87% for VTEC, 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 VTEC?
SCHD has been the more volatile fund at 13.0% annualized versus 4.0% for VTEC. Worst drawdown: SCHD -16.1% vs VTEC -5.7%.
Should I hold both SCHD and VTEC?
SCHD and VTEC have a monthly-return correlation of 0.42, 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 VTEC?
SCHD yields 3.00% while VTEC yields 3.19%, so VTEC currently pays the higher dividend yield.
Is VTEC better than SCHD?
SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.