SCHD vs TAX
SCHD vs TAX
Schwab US Dividend Equity ETF vs Cambria Tax Aware 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 | TAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.54% | |
| AUM | $103.7B | $25M | |
| Dividend Yield | 3.31% | 0.31% | |
| Holdings | 104 | 102 | |
| YTD Return | +24.26% | +11.57% | |
| 1Y Return | +31.38% | +21.45% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 13.3% | |
| Max Drawdown | -33.4% | -18.9% | |
| Fund Family | Charles Schwab Asset Management | Cambria Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Dec 18, 2024 |
SCHD vs TAX Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Cambria Tax Aware ETF (TAX) is a ETF from Cambria Investment Management. Over the past year SCHD returned +31.38% while TAX returned +21.45%. Year to date, SCHD is up 24.26% versus a gain of 11.57% for TAX.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.3% for TAX. 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 -18.9% for TAX. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TAX charges 0.54%. On a $10,000 position that is $6 vs $54 annually, a gap of $48 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.31% for TAX.
Holdings Overlap
SCHD and TAX share 0 holdings out of 199 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 TAX?
SCHD has an expense ratio of 0.06% while TAX charges 0.54%. SCHD is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, SCHD or TAX?
Over the past year SCHD returned +31.38% vs +21.45% for TAX, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.39% vs +18.52% for TAX. Past performance does not guarantee future results.
Which is riskier, SCHD or TAX?
SCHD has been the more volatile fund at 13.6% annualized versus 13.3% for TAX. Worst drawdown: SCHD -33.4% vs TAX -18.9%.
Should I hold both SCHD and TAX?
SCHD and TAX have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TAX?
SCHD and TAX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 199 unique securities.
Which pays a higher dividend, SCHD or TAX?
SCHD yields 3.31% while TAX yields 0.31%, so SCHD currently pays the higher dividend yield.
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