SCHD vs TOPC
SCHD vs TOPC
Schwab US Dividend Equity ETF vs iShares S&P 500 3% Capped ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. TOPC offers more diversification with 492 holdings.
Side-by-Side Comparison
| Metric | SCHD | TOPC | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.09% | |
| AUM | $103.7B | $31M | |
| Dividend Yield | 3.31% | 1.04% | |
| Holdings | 104 | 509 | |
| YTD Return | +24.26% | +14.02% | |
| 1Y Return | +31.38% | +23.84% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 11.1% | |
| Max Drawdown | -33.4% | -8.0% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Apr 15, 2025 |
SCHD vs TOPC Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares S&P 500 3% Capped ETF (TOPC) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +31.38% while TOPC returned +23.84%. Year to date, SCHD is up 24.26% versus a gain of 14.02% for TOPC.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.1% for TOPC. 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 -8.0% for TOPC. 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TOPC charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.04% for TOPC.
Holdings Overlap
SCHD and TOPC share 46 holdings out of 546 unique holdings combined, representing a 9.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in TOPC | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.70% | 3.84% |
| MRK | 4.32% | 0.58% | 3.74% |
| HD | 4.16% | 0.65% | 3.51% |
| ABT | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings SCHD shares with TOPC 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 TOPC?
SCHD has an expense ratio of 0.06% while TOPC charges 0.09%. SCHD is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SCHD or TOPC?
Over the past year SCHD returned +31.38% vs +23.84% for TOPC, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs +33.33% for TOPC. Past performance does not guarantee future results.
Which is riskier, SCHD or TOPC?
SCHD has been the more volatile fund at 13.6% annualized versus 11.1% for TOPC. Worst drawdown: SCHD -33.4% vs TOPC -8.0%.
Should I hold both SCHD and TOPC?
SCHD and TOPC have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TOPC?
SCHD and TOPC share 46 common holdings with a 9.2% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, SCHD or TOPC?
SCHD yields 3.31% while TOPC yields 1.04%, so SCHD currently pays the higher dividend yield.
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