SCHD vs TLTE
Schwab US Dividend Equity ETF vs Northern Trust Morningstar Emerging Markets Factor Tilt ETF
Which is better, SCHD or TLTE?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, TLTE over 3Y. TLTE is less concentrated, with 23.8% of the fund in its ten largest positions against 41.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | TLTE |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.57% |
| AUM | $111.6B | $345M |
| Dividend Yield | 3.24% | 3.28% |
| Holdings | 206 | 3,106 |
| YTD Return | +24.55%Best | +15.08% |
| 1Y Return | +29.85%Best | +22.81% |
| 3Y Return (annualized) | +16.64% | +19.81%Best |
| 5Y Return (annualized) | +9.54%Best | +7.74% |
| Volatility (annualized) | 14.1%Best | 16.6% |
| Max Drawdown | -33.4%Best | -47.6% |
| $10,000 over 5 years | $15,771Best | $14,517 |
| Top 10 Weight | 41.6% | 23.8%Best |
| Fund Family | Charles Schwab Asset Management | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Sep 25, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2012 to Oct 14, 2026 (14 years).
SCHD vs TLTE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14 years both funds cover.
SCHD vs TLTE Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Northern Trust Morningstar Emerging Markets Factor Tilt ETF (TLTE) is an ETF from Northern Trust Asset Management. Over the past year SCHD returned +29.85% while TLTE returned +22.81%. Year to date, SCHD is up 24.55% versus a gain of 15.08% for TLTE.
Over three years, SCHD compounded at +16.64% per year against +19.81% for TLTE; over five years the annualized figures are +9.54% and +7.74% respectively. Across the full 14-year window we track, SCHD has the edge at +10.94% annualized vs +4.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TLTE has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 14.1% 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 -47.6% for TLTE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TLTE charges 0.57%. On a $10,000 position that is $6 vs $57 annually, a gap of $51 per year that compounds over a long holding period. On income, SCHD currently yields 3.24% against 3.28% for TLTE.
Holdings Overlap
We hold position weights for 98 holdings in SCHD and 2,920 in TLTE, totalling 99.8% and 96.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 98 positions we hold weights for in SCHD and 2,920 in TLTE, against full books of 206 and 3,106.
What only one of them owns
Our book lists 12 positions for TLTE that do not appear in our book for SCHD (0.3% of the fund), and 97 for SCHD that do not appear in TLTE (99.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SCHD and TLTE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TLTE?
SCHD has an expense ratio of 0.06% while TLTE charges 0.57%. SCHD is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, SCHD or TLTE?
Over the past year SCHD returned +29.85% vs +22.81% for TLTE, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), SCHD annualized +10.94% vs +4.25% for TLTE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TLTE?
TLTE has been the more volatile fund at 16.6% annualized versus 14.1% for SCHD. Worst drawdown: SCHD -33.4% vs TLTE -47.6%.
Should I hold both SCHD and TLTE?
SCHD and TLTE have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or TLTE?
SCHD yields 3.24% while TLTE yields 3.28%, so TLTE currently pays the higher dividend yield.
Is TLTE better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, TLTE over 3Y. TLTE is less concentrated, with 23.8% of the fund in its ten largest positions against 41.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.