SCHD vs TOK
SCHD vs TOK
Schwab US Dividend Equity ETF vs iShares MSCI Kokusai ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. TOK offers more diversification with 892 holdings.
Side-by-Side Comparison
| Metric | SCHD | TOK | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.25% | |
| AUM | $103.7B | $247M | |
| Dividend Yield | 3.31% | 1.31% | |
| Holdings | 104 | 1,136 | |
| YTD Return | +24.26% | +13.34% | |
| 1Y Return | +31.38% | +23.35% | |
| 3Y Return (annualized) | +15.08% | +20.68% | |
| 5Y Return (annualized) | +9.72% | +12.00% | |
| Volatility (annualized) | 13.6% | 16.5% | |
| Max Drawdown | -33.4% | -56.6% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Dec 10, 2007 |
SCHD vs TOK Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares MSCI Kokusai ETF (TOK) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +31.38% while TOK returned +23.35%. Year to date, SCHD is up 24.26% versus a gain of 13.34% for TOK.
Over three years, SCHD compounded at +15.08% per year against +20.68% for TOK; over five years the annualized figures are +9.72% and +12.00% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +6.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOK has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -56.6% for TOK. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TOK 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 1.31% for TOK.
Holdings Overlap
SCHD and TOK share 39 holdings out of 953 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TOK | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.45% | 4.09% |
| ABT | 4.49% | 0.20% | 4.29% |
| MRK | 4.32% | 0.37% | 3.95% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings SCHD shares with TOK 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 TOK?
SCHD has an expense ratio of 0.06% while TOK 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 TOK?
Over the past year SCHD returned +31.38% vs +23.35% for TOK, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +6.96% for TOK. Past performance does not guarantee future results.
Which is riskier, SCHD or TOK?
TOK has been the more volatile fund at 16.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TOK -56.6%.
Should I hold both SCHD and TOK?
SCHD and TOK have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TOK?
SCHD and TOK share 39 common holdings with a 5.5% weight overlap. Combined, they hold 953 unique securities.
Which pays a higher dividend, SCHD or TOK?
SCHD yields 3.31% while TOK yields 1.31%, so SCHD currently pays the higher dividend yield.
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