SCHD vs XBIL
Schwab US Dividend Equity ETF vs F/m US Treasury 6 Month Bill 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 | XBIL | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.15% | |
| AUM | $103.7B | $742M | |
| Dividend Yield | 3.31% | 4.07% | |
| Holdings | 104 | 3 | |
| YTD Return | +25.33% | +2.10% | |
| 1Y Return | +32.31% | +3.75% | |
| 3Y Return (annualized) | +15.40% | +4.97% | |
| 5Y Return (annualized) | +9.70% | - | |
| Volatility (annualized) | 13.6% | 0.6% | |
| Max Drawdown | -33.4% | -0.1% | |
| Fund Family | Charles Schwab Asset Management | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Mar 7, 2023 |
SCHD vs XBIL Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and F/m US Treasury 6 Month Bill ETF (XBIL) is a ETF from US Benchmark Series. Over the past year SCHD returned +32.31% while XBIL returned +3.75%. Year to date, SCHD is up 25.33% versus a gain of 2.10% for XBIL.
Over three years, SCHD compounded at +15.40% per year against +4.97% for XBIL. Across the full 3-year window we track, SCHD has the edge at +11.45% annualized vs +4.97%. 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 0.6% for XBIL. 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 -0.1% for XBIL. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while XBIL 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 4.07% for XBIL.
Holdings Overlap
SCHD and XBIL share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or XBIL?
SCHD has an expense ratio of 0.06% while XBIL 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 XBIL?
Over the past year SCHD returned +32.31% vs +3.75% for XBIL, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.45% vs +4.97% for XBIL. Past performance does not guarantee future results.
Which is riskier, SCHD or XBIL?
SCHD has been the more volatile fund at 13.6% annualized versus 0.6% for XBIL. Worst drawdown: SCHD -33.4% vs XBIL -0.1%.
Should I hold both SCHD and XBIL?
SCHD and XBIL have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and XBIL?
SCHD and XBIL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or XBIL?
SCHD yields 3.31% while XBIL yields 4.07%, so XBIL currently pays the higher dividend yield.
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