TSWE.AS vs. SCHD

Last updated Jun 26, 2026

TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - TSWE.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, TSWE.AS returned 15.94%/yr vs 12.59%/yr for SCHD. At a 0.49 correlation, their price movements are largely independent. TSWE.AS charges 0.20%/yr vs 0.06%/yr for SCHD.

Performance

TSWE.AS vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSWE.AS is traded in EUR, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSWE.AS achieves a 16.96% return, which is significantly lower than SCHD's 22.40% return. Over the past 10 years, TSWE.AS has outperformed SCHD with an annualized return of 15.94%, while SCHD has yielded a comparatively lower 12.59% annualized return.

TSWE.AS

• 1D: 0.87%
• 1M: 3.99%
• YTD: 16.96%
• 6M: 17.43%
• 1Y: 30.73%
• 3Y*: 18.47%
• 5Y*: 11.57%
• 10Y*: 15.94%

SCHD

• 1D: 0.69%
• 1M: 0.90%
• YTD: 22.40%
• 6M: 21.71%
• 1Y: 29.70%
• 3Y*: 13.07%
• 5Y*: 9.77%
• 10Y*: 12.59%

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

TSWE.AS vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	16.96%	13.10%	16.86%	16.01%	-13.44%	32.44%	11.32%	34.59%	0.23%	14.40%
SCHD Schwab U.S. Dividend Equity ETF	22.40%	-8.04%	19.03%	1.41%	2.74%	39.59%	5.55%	30.17%	-1.13%	6.00%

Correlation

The correlation between TSWE.AS and SCHD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 3, 2013	0.49

Over the past year, the correlation between TSWE.AS and SCHD has dropped to 0.21 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

TSWE.AS vs. SCHD — Risk / Return Rank

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

TSWE.AS

TSWE.AS Risk / Return Rank: 84
TSWE.AS Sharpe Ratio Rank: 83
TSWE.AS Sortino Ratio Rank: 87
TSWE.AS Omega Ratio Rank: 83
TSWE.AS Calmar Ratio Rank: 82
TSWE.AS Martin Ratio Rank: 84

SCHD

SCHD Risk / Return Rank: 87
SCHD Sharpe Ratio Rank: 86
SCHD Sortino Ratio Rank: 91
SCHD Omega Ratio Rank: 83
SCHD Calmar Ratio Rank: 93
SCHD Martin Ratio Rank: 81

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.

TSWE.AS vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TSWE.AS	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.59	-0.26
Sortino ratio: Return per unit of downside risk	3.39	3.79	-0.40
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	3.80	7.18	-3.38
Martin ratio: Return relative to average drawdown	15.09	18.01	-2.92

TSWE.AS vs. SCHD - Sharpe Ratio Comparison

The current TSWE.AS Sharpe Ratio is 2.33, which is comparable to the SCHD Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of TSWE.AS and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSWE.AS vs. SCHD - Drawdown Comparison

The maximum TSWE.AS drawdown since its inception was -75.58%, which is greater than SCHD's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for TSWE.AS and SCHD.

Drawdown Indicators

	TSWE.AS	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-75.58%	-32.28%	-43.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-4.15%	-3.82%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-21.40%	+1.87%
Max Drawdown (5Y) Largest decline over 5 years	-19.53%	-21.40%	+1.87%
Max Drawdown (10Y) Largest decline over 10 years	-32.93%	-32.28%	-0.65%
Current Drawdown Current decline from peak	-0.72%	-0.10%	-0.62%
Average Drawdown Average peak-to-trough decline	-36.13%	-4.41%	-31.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.65%	+0.37%

Volatility

TSWE.AS vs. SCHD - Volatility Comparison

VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a higher volatility of 3.97% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.53%. This indicates that TSWE.AS'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

	TSWE.AS	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.53%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	8.54%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	11.62%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	14.58%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	17.44%	-2.42%

TSWE.AS vs. SCHD - Expense Ratio Comparison

TSWE.AS has a 0.20% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TSWE.AS vs. SCHD - Dividend Comparison

TSWE.AS's dividend yield for the trailing twelve months is around 1.77%, less than SCHD's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.28%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	1.77%	1.94%	1.89%	1.92%	2.05%	3.60%	6.51%	8.08%	8.48%	7.21%	6.39%	6.44%

Frequently Asked Questions

Can I hold both TSWE.AS and SCHD in my portfolio?

TSWE.AS and SCHD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSWE.AS or SCHD?

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSWE.AS or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.20% for TSWE.AS.

What is the main difference between TSWE.AS and SCHD?

TSWE.AS is categorized as Global Equities, while SCHD is Dividend. TSWE.AS tracks MSCI ACWI NR USD, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: VanEck and Charles Schwab. Their fees differ too: 0.20% for TSWE.AS and 0.06% for SCHD.