SCHD vs TFLR
SCHD vs TFLR
Schwab US Dividend Equity ETF vs T. Rowe Price Floating Rate ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. TFLR offers more diversification with 171 holdings.
Side-by-Side Comparison
| Metric | SCHD | TFLR | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.61% | |
| AUM | $103.7B | $671M | |
| Dividend Yield | 3.31% | 6.79% | |
| Holdings | 104 | 347 | |
| YTD Return | +24.26% | +2.24% | |
| 1Y Return | +31.38% | +5.14% | |
| 3Y Return (annualized) | +15.08% | +7.21% | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 2.5% | |
| Max Drawdown | -33.4% | -4.0% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Nov 16, 2022 |
SCHD vs TFLR Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Floating Rate ETF (TFLR) is a ETF from T.Rowe Price. Over the past year SCHD returned +31.38% while TFLR returned +5.14%. Year to date, SCHD is up 24.26% versus a gain of 2.24% for TFLR.
Over three years, SCHD compounded at +15.08% per year against +7.21% for TFLR. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +7.59%. 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 2.5% for TFLR. 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 -4.0% for TFLR. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TFLR charges 0.61%. On a $10,000 position that is $6 vs $61 annually, a gap of $55 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 6.79% for TFLR.
Holdings Overlap
SCHD and TFLR 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 TFLR?
SCHD has an expense ratio of 0.06% while TFLR charges 0.61%. SCHD is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, SCHD or TFLR?
Over the past year SCHD returned +31.38% vs +5.14% for TFLR, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), SCHD annualized +11.39% vs +7.59% for TFLR. Past performance does not guarantee future results.
Which is riskier, SCHD or TFLR?
SCHD has been the more volatile fund at 13.6% annualized versus 2.5% for TFLR. Worst drawdown: SCHD -33.4% vs TFLR -4.0%.
Should I hold both SCHD and TFLR?
SCHD and TFLR have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TFLR?
SCHD and TFLR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 271 unique securities.
Which pays a higher dividend, SCHD or TFLR?
SCHD yields 3.31% while TFLR yields 6.79%, so TFLR currently pays the higher dividend yield.
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