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
02/17/1988
10/20/2011
Beta
1.0
0.58
Last dividend
$0.6950
$0.2525
Ex-dividend date
04/10/2026
06/24/2026
Bottom lineChoose FXAIX if you want broad equity exposure. Choose SCHD if you want higher current income (3.14% vs 1.06% for FXAIX).
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SCHD (Schwab U.S. Dividend Equity ETF) is an ETF — they take fundamentally different approaches.
SCHD offers the higher yield at 3.14% vs 1.06% for FXAIX. 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 0.49%.
FXAIX is the larger fund by assets ($828B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, FXAIX would generate roughly $8.83/month, while SCHD would produce $26.17/month, at current distribution rates. Both pay quarterly distributions.
FXAIX yield1.06%
SCHD yield3.14%
Monthly diff on $10K$17.33
Cost & efficiency
Over 10 years on $10,000, FXAIX would cost approximately $490 in fees vs $60 for SCHD (simplified, not compounded). The $430.00 difference may be offset by yield or performance.
FXAIX ER0.49%
SCHD ER0.06%
Strategy & risk
FXAIX is a mutual fund, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 1.0 for FXAIX and 0.58 for SCHD, indicating SCHD is less volatile relative to the market.
FXAIX beta1.0
SCHD beta0.58
Fund details
FXAIX is managed by Fidelity Investments (launched 02/17/1988) with $828B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.
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Frequently asked questions
Is FXAIX 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 FXAIX and SCHD?
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index. They are issued by Fidelity Investments and Schwab respectively.
Can I hold both FXAIX 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, FXAIX or SCHD?
FXAIX has an expense ratio of 0.49% 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 FXAIX vs SCHD generate?
At current rates, $10,000 in FXAIX would generate roughly $8.83 per month ($106.00 annually). The same in SCHD would produce about $26.17 per month ($314.00 annually).
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