TEQI vs. SCHD

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Equity Income ETF (TEQI) and Schwab U.S. Dividend Equity ETF (SCHD).

TEQI and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEQI is an actively managed fund by T. Rowe Price. It was launched on Aug 4, 2020. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.

Performance

TEQI vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Income ETF (TEQI) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

TEQI vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TEQI T. Rowe Price Equity Income ETF	0.38%	13.36%	13.14%	9.64%	-3.33%	26.25%	18.07%
SCHD Schwab U.S. Dividend Equity ETF	12.17%	4.34%	11.66%	4.54%	-3.26%	29.87%	17.76%

Returns By Period

In the year-to-date period, TEQI achieves a 0.38% return, which is significantly lower than SCHD's 12.17% return.

TEQI

• 1D: 0.41%
• 1M: -4.48%
• YTD: 0.38%
• 6M: 3.94%
• 1Y: 10.06%
• 3Y*: 12.57%
• 5Y*: 8.56%
• 10Y*: —

SCHD

• 1D: -0.55%
• 1M: -3.43%
• YTD: 12.17%
• 6M: 12.91%
• 1Y: 13.70%
• 3Y*: 11.84%
• 5Y*: 8.32%
• 10Y*: 12.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEQI vs. SCHD - Expense Ratio Comparison

TEQI has a 0.54% expense ratio, which is higher than SCHD's 0.06% expense ratio.

TEQI

T. Rowe Price Equity Income ETF

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

TEQI vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEQI

TEQI Risk / Return Rank: 32
TEQI Sharpe Ratio Rank: 31
TEQI Sortino Ratio Rank: 31
TEQI Omega Ratio Rank: 34
TEQI Calmar Ratio Rank: 30
TEQI Martin Ratio Rank: 34

SCHD

SCHD Risk / Return Rank: 43
SCHD Sharpe Ratio Rank: 46
SCHD Sortino Ratio Rank: 46
SCHD Omega Ratio Rank: 46
SCHD Calmar Ratio Rank: 39
SCHD Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEQI vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income ETF (TEQI) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TEQI	SCHD	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.88	-0.24
Sortino ratio Return per unit of downside risk	0.97	1.32	-0.35
Omega ratio Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio Return relative to maximum drawdown	0.79	1.05	-0.26
Martin ratio Return relative to average drawdown	3.31	3.55	-0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEQI vs. SCHD - Sharpe Ratio Comparison

The current TEQI Sharpe Ratio is 0.64, which is comparable to the SCHD Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of TEQI and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TEQI	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.88	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.58	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.84	+0.04

Correlation

The correlation between TEQI and SCHD is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TEQI vs. SCHD - Dividend Comparison

TEQI's dividend yield for the trailing twelve months is around 1.69%, less than SCHD's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQI T. Rowe Price Equity Income ETF	1.69%	1.71%	1.86%	2.12%	2.32%	3.03%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.46%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Drawdowns

TEQI vs. SCHD - Drawdown Comparison

The maximum TEQI drawdown since its inception was -17.82%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for TEQI and SCHD.

Drawdown Indicators

	TEQI	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-33.37%	+15.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-12.74%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-16.85%	-0.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-5.19%	-3.43%	-1.76%
Average Drawdown Average peak-to-trough decline	-3.61%	-3.34%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.75%	-0.78%

Volatility

TEQI vs. SCHD - Volatility Comparison

T. Rowe Price Equity Income ETF (TEQI) has a higher volatility of 3.79% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.33%. This indicates that TEQI's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEQI	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	2.33%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	7.96%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	15.69%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	14.40%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.24%	16.70%	-1.46%