ETF Comparison

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

A head-to-head comparison of Schwab U.S. Broad Market ETF and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

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 SCHB and SCHD.

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Side-by-side snapshot

	SCHB	SCHD
Full name	Schwab U.S. Broad Market ETF	Schwab U.S. Dividend Equity ETF
Issuer	Schwab	Schwab
Last Close	$29.07 as of July 15, 2026	$32.20 as of July 15, 2026
Distribution yield	1.04%	3.14%
Distribution Safety Score	85	100
Expense ratio	0.03%	0.06%
AUM	$42.3B	$95.2B
Distribution frequency	Quarterly	Quarterly
Underlying index	Dow Jones U.S. Broad Stock Market Index	Dow Jones U.S. Dividend 100 Index
Objective	Provide exposure to the fund's underlying index or strategy per issuer materials.	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	11/03/2009	10/20/2011
Beta	1.03	0.58
Last dividend	$0.0753	$0.2525
Ex-dividend date	06/24/2026	06/24/2026

Bottom lineChoose SCHB if you want broad equity exposure. Choose SCHD if you want higher current income (3.14% vs 1.04% for SCHB).

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

SCHB (Schwab U.S. Broad Market 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 1.04% for SCHB. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

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

They track different benchmarks: SCHB is linked to Dow Jones U.S. Broad Stock Market 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.

Who should choose each?

Choose SCHB

Schwab U.S. Broad Market ETF

Want broad equity exposure.
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 1.04% for SCHB.
Want a quality-dividend tilt — screened payers rather than the broad index.
Prefer lower volatility — a beta of 0.6 vs 1.0 for SCHB.

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, SCHB would generate roughly $8.67/month, while SCHD would produce $26.17/month, at current distribution rates. Both pay quarterly distributions.

SCHB yield1.04%

SCHD yield3.14%

Monthly diff on $10K$17.50

Cost & efficiency

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

SCHB ER0.03%

SCHD ER0.06%

Strategy & risk

SCHB tracks Dow Jones U.S. Broad Stock Market Index with an index approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 1.03 for SCHB and 0.58 for SCHD, indicating SCHD is less volatile relative to the market.

SCHB beta1.03

SCHD beta0.58

Fund details

SCHB is managed by Schwab (launched 11/03/2009) with $42.3B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.

SCHB AUM$42.3B

SCHD AUM$95.2B

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Frequently asked questions

Is SCHB 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 SCHB and SCHD?

SCHB (Schwab U.S. Broad Market ETF) tracks Dow Jones U.S. Broad Stock Market Index with an index approach, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index. They are issued by Schwab and Schwab respectively.

Can I hold both SCHB 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, SCHB or SCHD?

SCHB 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 SCHB vs SCHD generate?

At current rates, $10,000 in SCHB would generate roughly $8.67 per month ($104.00 annually). The same in SCHD would produce about $26.17 per month ($314.00 annually).

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