IGCB vs SCHD
IGCB vs SCHD
TCW Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IGCB offers more diversification with 318 holdings.
Side-by-Side Comparison
| Metric | IGCB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 4.73% | 3.31% | |
| Holdings | 391 | 104 | |
| YTD Return | -0.75% | +23.31% | |
| 1Y Return | +1.46% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 4.0% | 13.6% | |
| Max Drawdown | -4.2% | -33.4% | |
| Fund Family | TCW ETFs | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2018 | Oct 20, 2011 |
IGCB vs SCHD Performance
TCW Corporate Bond ETF (IGCB) is a ETF from TCW ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IGCB returned +1.46% while SCHD returned +30.42%. Year to date, IGCB is down 0.75% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.0% for IGCB. 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 -4.2% for IGCB and -33.4% for SCHD. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGCB charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, IGCB currently yields 4.73% against 3.31% for SCHD.
Holdings Overlap
IGCB and SCHD share 1 holdings out of 417 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IGCB | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.48% | 0.04% | 0.44% |
Frequently Asked Questions
Which is cheaper, IGCB or SCHD?
IGCB has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, IGCB or SCHD?
Over the past year IGCB returned +1.46% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), IGCB annualized +4.08% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, IGCB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.0% for IGCB. Worst drawdown: IGCB -4.2% vs SCHD -33.4%.
Should I hold both IGCB and SCHD?
IGCB and SCHD have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGCB and SCHD?
IGCB and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 417 unique securities.
Which pays a higher dividend, IGCB or SCHD?
IGCB yields 4.73% while SCHD yields 3.31%, so IGCB currently pays the higher dividend yield.
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