SCHD vs DVY: Head-to-Head Comparison
SCHD vs DVY: Schwab U.S. Dividend Equity ETF has an expense ratio of 0.06% while iShares Select Dividend ETF charges 0.38%. SCHD holds 103 securities vs DVY's 100. 5-year returns: 12.10% vs 7.00%.
Last updated: April 2026
Dividend
Quick Verdict
DVY edges out SCHD with a stronger Beginner Suitability Score (9.5 vs 9). It offers better overall characteristics for new investors.
Side-by-Side Comparison
| Metric | SCHD | DVY |
|---|---|---|
| Expense Ratio | 0.06% | 0.38% |
| AUM | $62.0B | $20.0B |
| Dividend Yield | 3.40% | 3.80% |
| Holdings | 103 | 100 |
| 1-Year Return | 12.90% | 9.00% |
| 5-Year Return (Ann.) | 12.10% | 7.00% |
| 10-Year Return (Ann.) | 11.50% | 8.00% |
| Beta | 0.82 | 0.78 |
| P/E Ratio | 16.8 | 15.5 |
SCHD 5-year annualized return is 12.10% compared to DVY's 7.00%. Over 10 years, SCHD returned 11.50% vs DVY's 8.00%.
View data table
| Period | SCHD Return | DVY Return |
|---|---|---|
| YTD | 1.80% | 2.00% |
| 1 Year | 12.90% | 9.00% |
| 3 Year | 7.20% | 6.00% |
| 5 Year | 12.10% | 7.00% |
| 10 Year | 11.50% | 8.00% |
Key Differences Between SCHD and DVY
SCHD (Schwab U.S. Dividend Equity ETF) is a u.s. large-cap dividend fund managed by Charles Schwab. SCHD focuses on high-quality U.S. companies with strong track records of paying and growing dividends. It uses a rules-based approach to select about 100 stocks that have consistently paid dividends for at least 10 years. Beginners who want both income and growth often find SCHD attractive because it combines a solid dividend yield with quality stock selection at a very low cost.
DVY (iShares Select Dividend ETF) is a high dividend fund managed by BlackRock. DVY tracks the Dow Jones U.S. Select Dividend Index, focusing on U.S. companies with a strong track record of consistently paying dividends. It screens for dividend yield, payout ratio, and dividend growth history to find reliable income producers. The fund tends to favor utilities, financials, and consumer staples companies that prioritize returning cash to shareholders.
The most notable differences are in fees (0.06% vs 0.38%), number of holdings (103 vs 100), and 5-year returns (12.10% vs 7.00%).
SCHD vs DVY multi-factor comparison: SCHD has a 0.06% expense ratio, 12.10% 5-year return, 103 holdings, 0.82 beta, and 3.40% yield. DVY has 0.38% expense ratio, 7.00% 5-year return, 100 holdings, 0.78 beta, and 3.80% yield.
View data table
| Metric | SCHD | DVY |
|---|---|---|
| Expense Ratio | 0.06% | 0.38% |
| 5-Year Return | 12.10% | 7.00% |
| Holdings | 103 | 100 |
| Beta | 0.82 | 0.78 |
| Dividend Yield | 3.40% | 3.80% |
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Holdings Overlap Analysis
5%
Holdings Overlap
SCHD and DVY share only 5% of their top holdings. These funds are quite different, making them complementary choices if you want broader market coverage.
SCHD and DVY share 5% of their top holdings (low overlap). SCHD has 103 total holdings and DVY has 100. Common holdings include VZ.
View data table
| Metric | SCHD | DVY |
|---|---|---|
| Overlap | 5% | 5% |
| Unique Holdings | 95% | 95% |
| Total Holdings | 103 | 100 |
Cost Comparison Over Time
If you invest $10,000 and hold for 20 years (assuming 8% annual returns):
SCHD
Fee cost: $515
DVY
Fee cost: $3,173
Over 20 years, the fee difference amounts to $2,658 on a $10,000 investment. SCHD saves you more in fees over time.
On a $10,000 investment over 20 years at 8% return, SCHD (0.06% fee) grows to $46,094 while DVY (0.38% fee) grows to $43,437. The fee difference costs $2,657.
View data table
| Year | SCHD Value | DVY Value |
|---|---|---|
| 0 | $10,000 | $10,000 |
| 5 | $14,653 | $14,437 |
| 10 | $21,470 | $20,842 |
| 15 | $31,458 | $30,088 |
| 20 | $46,094 | $43,437 |
Which One Should a Beginner Choose?
Choose SCHD if: You want income-focused investors who want a reliable and growing dividend stream, conservative investors who prefer lower volatility with quality companies, retirees or pre-retirees building a dividend income portfolio. It's managed by Charles Schwab with an expense ratio of 0.06%.
Choose DVY if: You want retirees who need consistent income from their investment portfolio, income-focused investors willing to pay a higher expense ratio for specialized dividend screening, conservative investors seeking lower-volatility equity exposure through dividend stocks. It's managed by BlackRock with an expense ratio of 0.38%.
Can You Own Both SCHD and DVY?
Absolutely! With only 5% overlap, SCHD and DVY complement each other well. A simple portfolio might allocate 60% to one and 40% to the other, or you could pair them with a bond ETF like BND for a complete three-fund portfolio.
Frequently Asked Questions
Should I buy SCHD or DVY?▾
DVY edges out SCHD with a stronger Beginner Suitability Score (9.5 vs 9). It offers better overall characteristics for new investors. However, both are solid options. SCHD is best for investors who want income-focused investors who want a reliable and growing dividend stream, while DVY is better suited for retirees who need consistent income from their investment portfolio.
What is the difference between SCHD and DVY?▾
SCHD (Schwab U.S. Dividend Equity ETF) tracks u.s. large-cap dividend investments with 103 holdings and a 0.06% expense ratio. DVY (iShares Select Dividend ETF) focuses on high dividend with 100 holdings at 0.38%. Their top holdings overlap by 5%.
Can I own both SCHD and DVY?▾
Yes! With only 5% holdings overlap, SCHD and DVY complement each other well. Owning both gives you broader diversification.