SCHD vs TILT
SCHD vs TILT
Schwab US Dividend Equity ETF vs FlexShares Morningstar US Market Factor Tilt Index Fund
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. TILT offers more diversification with 1925 holdings.
Side-by-Side Comparison
| Metric | SCHD | TILT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.25% | |
| AUM | $103.7B | $2.2B | |
| Dividend Yield | 3.31% | 1.08% | |
| Holdings | 104 | 1,946 | |
| YTD Return | +22.69% | +10.97% | |
| 1Y Return | +30.94% | +21.61% | |
| 3Y Return (annualized) | +14.20% | +17.62% | |
| 5Y Return (annualized) | +9.59% | +11.45% | |
| Volatility (annualized) | 13.7% | 15.6% | |
| Max Drawdown | -33.4% | -38.5% | |
| Fund Family | Charles Schwab Asset Management | Flexshares Trust | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 16, 2011 |
SCHD vs TILT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) is a ETF from Flexshares Trust. Over the past year SCHD returned +30.94% while TILT returned +21.61%. Year to date, SCHD is up 22.69% versus a gain of 10.97% for TILT.
Over three years, SCHD compounded at +14.20% per year against +17.62% for TILT; over five years the annualized figures are +9.59% and +11.45% respectively. Across the full 15-year window we track, TILT has the edge at +14.43% annualized vs +11.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 13.7% 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 -38.5% for TILT. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TILT charges 0.25%. On a $10,000 position that is $6 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.08% for TILT.
Holdings Overlap
SCHD and TILT share 87 holdings out of 1938 unique holdings combined, representing a 7.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TILT | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.39% | 4.15% |
| ABT | 4.49% | 0.23% | 4.26% |
| MRK | 4.32% | 0.39% | 3.93% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings SCHD shares with TILT Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SCHD or TILT?
SCHD has an expense ratio of 0.06% while TILT charges 0.25%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, SCHD or TILT?
Over the past year SCHD returned +30.94% vs +21.61% for TILT, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.31% vs +14.43% for TILT. Past performance does not guarantee future results.
Which is riskier, SCHD or TILT?
TILT has been the more volatile fund at 15.6% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs TILT -38.5%.
Should I hold both SCHD and TILT?
SCHD and TILT have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TILT?
SCHD and TILT share 87 common holdings with a 7.3% weight overlap. Combined, they hold 1938 unique securities.
Which pays a higher dividend, SCHD or TILT?
SCHD yields 3.31% while TILT yields 1.08%, so SCHD currently pays the higher dividend yield.
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