ETF Comparison

DGRW vs SCHD: Which Is the Better Pick in 2026?

A head-to-head comparison of WisdomTree U.S. Quality Dividend Growth Fund and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.

Data updated May 20, 2026

WisdomTree

ETFs5

Total AUM$40.1B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

WisdomTree is recognized for its specialized approach to dividend and income-focused ETFs, offering funds designed to capture yield through both traditional dividends and alternative income strategies. The company's limited lineup of three ETFs concentrates on income generation across different market segments, with popular tickers including DGRW (dividend growth), DLN (dividend growth with a defensive tilt), and USFR (floating-rate bonds). WisdomTree distinguishes itself in the ETF space by emphasizing tax-efficient dividend selection and exposure to less-traditional income sources beyond standard equity dividends.

See our curated list of related YouTube videos on DGRW.

See all WisdomTree ETFs

Schwab

ETFs16

Total AUM$446.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is known for offering low-cost, broadly accessible ETFs designed for individual investors seeking simplicity and affordability. The company's focused lineup of two ETFs targets complementary investment strategies: SCHD emphasizes dividend income for conservative investors, while SCHG pursues growth opportunities for those seeking capital appreciation. Both funds reflect Schwab's commitment to minimizing fees and providing straightforward core portfolio holdings.

See our curated list of related YouTube videos on SCHD.

See all Schwab ETFs

Side-by-side snapshot

	DGRW	SCHD
Full name	WisdomTree U.S. Quality Dividend Growth Fund	Schwab U.S. Dividend Equity ETF
Issuer	WisdomTree	Schwab
Last Close	$95.76 as of May 20, 2026	$32.04 as of May 20, 2026
Distribution yield	0.81%	3.25%
Expense ratio	0.28%	0.06%
AUM	$16.4B	$91.1B
Distribution frequency	Monthly	Quarterly
Underlying index	Basket (WisdomTree U.S. Dividend Growth Fund stocks)	Dow Jones U.S. Dividend 100 Index
Objective	Seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index, a fundamentally weighted index of dividend-paying U.S. common stocks with growth characteristics.	Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.
Asset class	Equity	Equity
Inception date	05/22/2013	10/20/2011
Beta	0.85	0.61
Last dividend	$0.07	$0.26
Ex-dividend date	04/27/2026	03/25/2026

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both dividend ETFs, but they take different approaches.

SCHD offers the higher yield at 3.25% vs 0.81% for DGRW. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHD is cheaper with an expense ratio of 0.06% compared to 0.28%.

They track different benchmarks: DGRW is linked to Basket (WisdomTree U.S. Dividend Growth Fund stocks) while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.

SCHD is the larger fund by assets ($91.1B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, DGRW would generate roughly $6.75/month, while SCHD would produce $27.08/month, at current distribution rates.

DGRW yield0.81%

SCHD yield3.25%

Monthly diff on $10K$20.33

Cost & efficiency

Over 10 years on $10,000, DGRW would cost approximately $280 in fees vs $60 for SCHD (simplified, not compounded). The $220.00 difference may be offset by yield or performance.

DGRW ER0.28%

SCHD ER0.06%

Strategy & risk

DGRW tracks Basket (WisdomTree U.S. Dividend Growth Fund stocks) with a basket approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index using a basket strategy. Beta is 0.85 for DGRW and 0.61 for SCHD, indicating SCHD is less volatile relative to the market.

DGRW beta0.85

SCHD beta0.61

Fund details

DGRW is managed by WisdomTree (launched 05/22/2013) with $16.4B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $91.1B in assets.

DGRW AUM$16.4B

SCHD AUM$91.1B

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Frequently asked questions

Is DGRW or SCHD better for dividend income?

It depends on your goals. SCHD currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between DGRW and SCHD?

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) tracks Basket (WisdomTree U.S. Dividend Growth Fund stocks) with a basket strategy, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index with a basket approach. They are issued by WisdomTree and Schwab respectively.

Can I hold both DGRW and SCHD?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, DGRW or SCHD?

DGRW has an expense ratio of 0.28% while SCHD charges 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in DGRW vs SCHD generate?

At current rates, $10,000 in DGRW would generate roughly $6.75 per month ($81.00 annually). The same in SCHD would produce about $27.08 per month ($325.00 annually).

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DGRW vs SCHD — at a glance

Generated April 2026 from current fund data.

Overview

DGRW and SCHD are both U.S. equity dividend ETFs, but they chase different profiles. DGRW targets dividend-paying stocks with growth characteristics, using a fundamentally weighted index and yielding 1.46% monthly. SCHD focuses on the highest-yielding dividend stocks with a track record of consistent payouts, using the Dow Jones U.S. Dividend 100 Index and yielding 3.39% quarterly. The core tradeoff: growth tilt versus yield tilt.

How they differ

The biggest difference is yield and selectivity. SCHD yields 3.39% compared to DGRW's 1.46%—more than double—because it screens explicitly for high-dividend-paying stocks. DGRW's mandate to include growth characteristics pulls it toward lower-yielding names that may appreciate more. Second, SCHD's expense ratio is 0.06% versus DGRW's 0.28%, a meaningful gap on a $100,000 investment ($60 annually vs. $280). Third, SCHD is vastly larger, with $84.8 billion in AUM versus DGRW's $15.4 billion, which typically means tighter bid-ask spreads and easier entry and exit. DGRW also carries a lower beta (0.88 vs. 0.66), suggesting it may move more with the broader market, while SCHD's lower beta reflects the defensive character of high-dividend stocks.

Who each is best for

DGRW: Investors in a taxable account seeking moderate dividend income paired with capital appreciation, comfortable with monthly distributions, and willing to pay a slightly higher fee for fundamentally weighted selection and growth characteristics.

SCHD: Conservative income investors prioritizing high current yield over growth, those favoring quarterly distributions for predictable cash flow, and investors who value ultra-low fees and the liquidity of a $84 billion fund.

Key risks to know

Dividend sustainability. SCHD's 3.39% yield is attractive but depends on these companies maintaining elevated payouts. Economic weakness or recession could force dividend cuts, especially among high-yielding names.
NAV decay. Neither fund has a yield so high it signals imminent principal erosion, but SCHD's 3.39% yield, if materially higher than underlying dividend growth, could imply modest annual NAV pressure over time.
Rate sensitivity. Both funds hold equity, not bonds, but their dividend-focused mandate makes them somewhat vulnerable to rising discount rates. Higher interest rates can reduce valuations for income-focused stocks.
Concentration risk. SCHD tracks only 100 stocks (the Dividend 100), creating more sector and single-name concentration than a broader dividend index; DGRW's basket is larger but still fundamentally weighted.
Growth drag. DGRW's lower yield (1.46%) means investors betting on growth characteristics may underperform if dividend stocks outpace growth stocks over the holding period.

Bottom line

If you want maximum current income and lowest fees, SCHD's 3.39% yield and 0.06% expense ratio stand out. If you're willing to sacrifice yield for exposure to dividend growth and don't mind monthly distributions, DGRW's growth tilt and larger fee may be worth it. The choice hinges on whether you prioritize income now or capital appreciation later—and whether you can tolerate SCHD's concentrated selection of 100 high-yielders. Past performance doesn't predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.