SCHD vs TAXE
SCHD vs TAXE
Schwab US Dividend Equity ETF vs T. Rowe Price Intermediate Municipal Income ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. TAXE offers more diversification with 171 holdings.
Side-by-Side Comparison
| Metric | SCHD | TAXE | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.24% | |
| AUM | $103.7B | $192M | |
| Dividend Yield | 3.31% | 3.58% | |
| Holdings | 104 | 347 | |
| YTD Return | +24.08% | +0.83% | |
| 1Y Return | +31.88% | +4.99% | |
| 3Y Return (annualized) | +14.92% | - | |
| 5Y Return (annualized) | +9.85% | - | |
| Volatility (annualized) | 13.6% | 3.5% | |
| Max Drawdown | -33.4% | -3.7% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Jul 10, 2024 |
SCHD vs TAXE Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Intermediate Municipal Income ETF (TAXE) is a ETF from T.Rowe Price. Over the past year SCHD returned +31.88% while TAXE returned +4.99%. Year to date, SCHD is up 24.08% versus a gain of 0.83% for TAXE.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.5% for TAXE. 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 -3.7% for TAXE. 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TAXE charges 0.24%. On a $10,000 position that is $6 vs $24 annually, a gap of $18 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 3.58% for TAXE.
Holdings Overlap
SCHD and TAXE share 0 holdings out of 271 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 TAXE?
SCHD has an expense ratio of 0.06% while TAXE charges 0.24%. SCHD is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, SCHD or TAXE?
Over the past year SCHD returned +31.88% vs +4.99% for TAXE, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.39% vs +4.01% for TAXE. Past performance does not guarantee future results.
Which is riskier, SCHD or TAXE?
SCHD has been the more volatile fund at 13.6% annualized versus 3.5% for TAXE. Worst drawdown: SCHD -33.4% vs TAXE -3.7%.
Should I hold both SCHD and TAXE?
SCHD and TAXE have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TAXE?
SCHD and TAXE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 271 unique securities.
Which pays a higher dividend, SCHD or TAXE?
SCHD yields 3.31% while TAXE yields 3.58%, so TAXE currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.