SCHD's 0.06% Fee Hides $413,350 in Decade-Long Underperformance on a $500,000 Position

The article argues that SCHD's very low stated ETF expense ratio can obscure additional costs that become meaningful for a $500,000 holding. The framing is cautionary, suggesting investors should assess total return and hidden portfolio frictions rather than relying solely on the fund's headline fee.