ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
See our curated list of related YouTube videos on DVY.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.
See our curated list of related YouTube videos on SCHD.
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
11/03/2003
10/20/2011
Beta
0.57
0.58
Last dividend
$1.2470
$0.2525
Ex-dividend date
06/15/2026
06/24/2026
Bottom lineDVY and SCHD are nearly interchangeable — both offer very similar u.s. dividend exposure with very similar cost and risk. The clearest tie-breaker is cost: SCHD is cheaper at 0.06% vs 0.38%.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
DVY has lagged SCHD over the trailing twelve months, posting a 21.43% total return against 22.24%. The lead holds up over 10 years too: SCHD has compounded at 12.25% a year, against 10.10% for DVY. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2011” measures every fund from October 20, 2011 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
DVY (iShares Select Dividend ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SCHD offers the higher yield at 3.14% vs 3.13% for DVY. 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 0.38%.
They track different benchmarks: DVY is linked to Dow Jones U.S. Select Dividend Index while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.
SCHD is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, DVY would generate roughly $26.08/month, while SCHD would produce $26.17/month, at current distribution rates. Both pay quarterly distributions.
DVY yield3.13%
SCHD yield3.14%
Monthly diff on $10K$0.08
Cost & efficiency
Over 10 years on $10,000, DVY would cost approximately $380 in fees vs $60 for SCHD (simplified, not compounded). The $320.00 difference may be offset by yield or performance.
DVY ER0.38%
SCHD ER0.06%
Strategy & risk
DVY tracks Dow Jones U.S. Select Dividend Index with a dividend income approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 0.57 for DVY and 0.58 for SCHD, indicating DVY is less volatile relative to the market.
DVY beta0.57
SCHD beta0.58
Fund details
DVY is managed by iShares (launched 11/03/2003) with $23.1B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.
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Frequently asked questions
Is DVY 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 DVY and SCHD?
DVY (iShares Select Dividend ETF) tracks Dow Jones U.S. Select Dividend Index with a dividend income approach, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index. They are issued by iShares and Schwab respectively.
Can I hold both DVY and SCHD?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, DVY or SCHD?
DVY has an expense ratio of 0.38% 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 DVY vs SCHD generate?
At current rates, $10,000 in DVY would generate roughly $26.08 per month ($313.00 annually). The same in SCHD would produce about $26.17 per month ($314.00 annually).
Which has performed better historically, DVY or SCHD?
DVY has lagged SCHD over the trailing twelve months, posting a 21.43% total return against 22.24%. The lead holds up over 10 years too: SCHD has compounded at 12.25% a year, against 10.10% for DVY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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