ETF Comparison

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

A head-to-head comparison of iShares Core S&P 500 ETF and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

iShares

ETFs481

Total AUM$4450B

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 IVV.

See all iShares ETFs

Schwab

ETFs34

Total AUM$574B

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.

See all Schwab ETFs

Side-by-side snapshot

	IVV	SCHD
Full name	iShares Core S&P 500 ETF	Schwab U.S. Dividend Equity ETF
Issuer	iShares	Schwab
Last Close	$755.12 as of July 15, 2026	$32.20 as of July 15, 2026
Distribution yield	1.06%	3.14%
Distribution Safety Score	100	100
Expense ratio	0.03%	0.06%
AUM	$833B	$95.2B
Distribution frequency	Quarterly	Quarterly
Underlying index	S&P 500 Index	Dow Jones U.S. Dividend 100 Index
Objective	Seeks to track the investment results of an index composed of large-capitalization U.S. equities, measuring the performance of the large-cap sector of the U.S. equity market as determined by S&P Dow Jones Indices.	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	05/15/2000	10/20/2011
Beta	1.0	0.58
Last dividend	$1.9956	$0.2525
Ex-dividend date	06/15/2026	06/24/2026

Bottom lineChoose IVV if you want simple, diversified core exposure in one low-cost fund. Choose SCHD if you want higher current income (3.14% vs 1.06% for IVV).

Income calculator

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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

IVV (iShares Core S&P 500 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 1.06% for IVV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

IVV is cheaper with an expense ratio of 0.03% compared to 0.06%.

They track different benchmarks: IVV is linked to S&P 500 Index while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.

IVV is the larger fund by assets ($833B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose IVV

iShares Core S&P 500 ETF

Want simple, diversified core exposure as a portfolio building block.
Want to keep costs low — a 0.03% expense ratio vs 0.06% for SCHD.

Choose SCHD

Schwab U.S. Dividend Equity ETF

Want higher current income — SCHD yields 3.14% vs 1.06% for IVV.
Want a quality-dividend tilt — screened payers rather than the broad index.
Prefer lower volatility — a beta of 0.6 vs 1.0 for IVV.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, IVV would generate roughly $8.83/month, while SCHD would produce $26.17/month, at current distribution rates. Both pay quarterly distributions.

IVV yield1.06%

SCHD yield3.14%

Monthly diff on $10K$17.33

Cost & efficiency

Over 10 years on $10,000, IVV would cost approximately $30 in fees vs $60 for SCHD (simplified, not compounded). The $30.00 difference may be offset by yield or performance.

IVV ER0.03%

SCHD ER0.06%

Strategy & risk

IVV tracks S&P 500 Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 1.0 for IVV and 0.58 for SCHD, indicating SCHD is less volatile relative to the market.

IVV beta1.0

SCHD beta0.58

Fund details

IVV is managed by iShares (launched 05/15/2000) with $833B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.

IVV AUM$833B

SCHD AUM$95.2B

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Frequently asked questions

Is IVV 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 IVV and SCHD?

IVV (iShares Core S&P 500 ETF) tracks S&P 500 Index, 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 IVV 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, IVV or SCHD?

IVV has an expense ratio of 0.03% 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 IVV vs SCHD generate?

At current rates, $10,000 in IVV 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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