ETF Comparison

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

A head-to-head comparison of Schwab U.S. Broad Market ETF and Vanguard S&P 500 ETF covering yield, cost, risk, and income potential.

Data updated July 21, 2026

Schwab

ETFs34

Total AUM$586B

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.

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Vanguard

ETFs116

Total AUM$4488B

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

Vanguard is known for offering low-cost, passively managed ETFs that emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.

See our curated list of related YouTube videos on VOO.

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Side-by-side snapshot

	SCHB	VOO
Full name	Schwab U.S. Broad Market ETF	Vanguard S&P 500 ETF
Issuer	Schwab	Vanguard
Last Close	$28.68 as of July 21, 2026	$682.21 as of July 21, 2026
Distribution yield	1.05%	1.15%
Distribution Safety Score™	100	100
Expense ratio	0.03%	0.03%
AUM	$43.0B	$985B
Distribution frequency	Quarterly	Quarterly
Underlying index	Dow Jones U.S. Broad Stock Market Index	S&P 500 Index
Objective	Provide exposure to the fund's underlying index or strategy per issuer materials.	Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset class	Equity	Equity
Inception date	11/03/2009	09/07/2010
Beta	1.03	1.0
Last dividend	$0.0753	$1.9622
Ex-dividend date	06/24/2026	06/26/2026

Bottom lineChoose SCHB if you want broad equity exposure. Choose VOO if you want simple, diversified core exposure in one low-cost fund.

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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.

Total returns

SCHB has outpaced VOO over the trailing twelve months, posting a 19.62% total return against 19.43%. The picture flips over 10 years, though — VOO has compounded at 15.03% a year, ahead of SCHB at 14.55%. Figures are total returns: price change plus every distribution reinvested.

Symbol	YTD	1Y	3Y	5Y	10Y	Since Sep 2010	Volatility	Sharpe	Sortino	Max drawdown
SCHB	9.60%	19.62%	19.09%	12.41%	14.55%	14.51%	15.2%	0.86	1.24	-19.3%
VOO	9.24%	19.43%	19.52%	13.38%	15.03%	14.85%	14.9%	0.90	1.30	-18.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 20, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2010” measures every fund from September 9, 2010 — 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

SCHB (Schwab U.S. Broad Market ETF) and VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

VOO offers the higher yield at 1.15% vs 1.05% for SCHB. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: SCHB is linked to Dow Jones U.S. Broad Stock Market Index while VOO tracks S&P 500 Index, which means their performance drivers differ.

VOO is the larger fund by assets ($985B), which generally means tighter spreads and better liquidity.

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Deep dive

Yield & income

On a $10,000 investment, SCHB would generate roughly $8.75/month, while VOO would produce $9.58/month, at current distribution rates. Both pay quarterly distributions.

SCHB yield1.05%

VOO yield1.15%

Monthly diff on $10K$0.83

Cost & efficiency

Over 10 years on $10,000, SCHB would cost approximately $30 in fees vs $30 for VOO (simplified, not compounded). Both charge the same expense ratio.

SCHB ER0.03%

VOO ER0.03%

Strategy & risk

SCHB tracks Dow Jones U.S. Broad Stock Market Index with an index approach, while VOO tracks S&P 500 Index with a large cap approach. Beta is 1.03 for SCHB and 1.0 for VOO, indicating VOO is less volatile relative to the market.

SCHB beta1.03

VOO beta1.0

Fund details

SCHB is managed by Schwab (launched 11/03/2009) with $43.0B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $985B in assets.

SCHB AUM$43.0B

VOO AUM$985B

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Frequently asked questions

Is SCHB or VOO better for dividend income?

It depends on your goals. VOO 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 VOO?

SCHB (Schwab U.S. Broad Market ETF) tracks Dow Jones U.S. Broad Stock Market Index with an index approach, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by Schwab and Vanguard respectively.

Can I hold both SCHB and VOO?

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 VOO?

SCHB and VOO both charge the same expense ratio of 0.03%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in SCHB vs VOO generate?

At current rates, $10,000 in SCHB would generate roughly $8.75 per month ($105.00 annually). The same in VOO would produce about $9.58 per month ($115.00 annually).

Which has performed better historically, SCHB or VOO?

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SCHB vs VOO — at a glance

Generated July 2026 from current fund data.

Overview

SCHB and VOO are both ultra-low-cost US equity ETFs tracking broad market indexes, but they differ fundamentally in scope. SCHB tracks the Dow Jones U.S. Broad Stock Market Index, capturing roughly 3,500 US-listed stocks across all market caps—large, mid, and small. VOO tracks the S&P 500, covering only the 500 largest US companies. This makes SCHB a true total-market fund and VOO a large-cap focused one.

How they differ

The biggest difference is breadth: SCHB includes mid and small-cap stocks that VOO excludes entirely. That's why SCHB reports a beta of 1.03 while VOO's is 1.0—SCHB's exposure to smaller, more volatile companies pushes its movements slightly above the broad market average. Both charge 0.03% in expenses, so cost isn't a differentiator. VOO is roughly 24 times larger by assets ($1033B versus SCHB's $42.3B), reflecting its status as one of the industry's most popular funds. Dividend yield is nearly identical (1.13% for VOO, 1.03% for SCHB), though the slight difference likely reflects the composition mismatch rather than any strategic choice. Both distribute quarterly.

Who each is best for

SCHB: Fits investors seeking truly comprehensive US market exposure, including the thousands of mid and small-cap names that make up nearly 30% of US equity market capitalization by weight. Works well for those who want to own the entire investable US stock market in a single fund.

VOO: Designed for investors who believe large-cap US equities are sufficient for their equity allocation and prefer the simplicity and massive liquidity of tracking the 500-stock benchmark. Aligns with buy-and-hold portfolios where the extra holdings in SCHB add complexity without meaningful expected return enhancement.

Key risks to know

Market-cap exposure gap: SCHB's inclusion of mid and small-cap stocks means it will outperform VOO in years when smaller companies lead the market and underperform when large-cap stocks dominate. This isn't leverage or derivative risk, but rather a structural bet embedded in the fund choice itself.

Liquidity and tracking divergence: Despite similar expense ratios, SCHB's smaller asset base and more complex index may experience slightly wider bid-ask spreads and occasional minor tracking error relative to VOO's massive scale and tight implementation.

Small-cap volatility drag in downturns: During market corrections, small and mid-cap stocks often fall harder than large-cap names. SCHB's beta of 1.03 reflects this—it will likely decline more steeply in a broad selloff, even though its longer-term volatility is marginal.

Bottom line

If you want maximum US equity diversification and believe small-cap inclusion matters for your long-term returns, SCHB's broad index has appeal despite its smaller size. If you're indifferent to companies outside the Fortune 500 and value the unmatched liquidity and simplicity of the S&P 500, VOO's vastly larger asset base and established market presence make it the more convenient vehicle. Neither fund's yield is attractive relative to its capital-appreciation purpose, so income should not be the deciding factor. Past performance of either index does not predict future results.

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

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