Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Equity Income ETF (TEQI) is a ETF from T.Rowe Price. Over the past year SCHD returned +31.38% while TEQI returned +27.71%. Year to date, SCHD is up 24.26% versus a gain of 17.06% for TEQI.

Over three years, SCHD compounded at +15.08% per year against +16.37% for TEQI; over five years the annualized figures are +9.72% and +11.08% respectively. Across the full 6-year window we track, TEQI has the edge at +15.34% annualized vs +11.39%. Past performance does not guarantee future results.

TEQI has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 13.6% for SCHD. 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 -17.8% for TEQI. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.

SCHD charges 0.06% per year while TEQI 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 1.54% for TEQI.