SCHD vs TVAL
SCHD vs TVAL
Schwab US Dividend Equity ETF vs T. Rowe Price Value ETF
Quick Verdict
SCHD has a lower expense ratio. TVAL delivered stronger 1-year returns. TVAL offers more diversification with 162 holdings.
Side-by-Side Comparison
| Metric | SCHD | TVAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.33% | |
| AUM | $103.7B | $986M | |
| Dividend Yield | 3.31% | 1.00% | |
| Holdings | 104 | 347 | |
| YTD Return | +23.31% | +21.55% | |
| 1Y Return | +30.42% | +34.05% | |
| 3Y Return (annualized) | +14.66% | +19.13% | |
| 5Y Return (annualized) | +9.59% | - | |
| Volatility (annualized) | 13.6% | 12.4% | |
| Max Drawdown | -33.4% | -15.8% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jun 14, 2023 |
SCHD vs TVAL Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Value ETF (TVAL) is a ETF from T.Rowe Price. Over the past year SCHD returned +30.42% while TVAL returned +34.05%. Year to date, SCHD is up 23.31% versus a gain of 21.55% for TVAL.
Over three years, SCHD compounded at +14.66% per year against +19.13% for TVAL. Across the full 3-year window we track, TVAL has the edge at +19.35% annualized vs +11.34%. 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 12.4% for TVAL. 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 -15.8% for TVAL. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while TVAL charges 0.33%. On a $10,000 position that is $6 vs $33 annually, a gap of $27 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.00% for TVAL.
Holdings Overlap
SCHD and TVAL share 0 holdings out of 262 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 TVAL?
SCHD has an expense ratio of 0.06% while TVAL charges 0.33%. SCHD is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, SCHD or TVAL?
Over the past year SCHD returned +30.42% vs +34.05% for TVAL, so TVAL leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.34% vs +19.35% for TVAL. Past performance does not guarantee future results.
Which is riskier, SCHD or TVAL?
SCHD has been the more volatile fund at 13.6% annualized versus 12.4% for TVAL. Worst drawdown: SCHD -33.4% vs TVAL -15.8%.
Should I hold both SCHD and TVAL?
SCHD and TVAL have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TVAL?
SCHD and TVAL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 262 unique securities.
Which pays a higher dividend, SCHD or TVAL?
SCHD yields 3.31% while TVAL yields 1.00%, so SCHD currently pays the higher dividend yield.
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