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 and SCHV.
Dow Jones U.S. Large-Cap Value Total Stock Market Index
Objective
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.
Tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index.
Asset class
Equity
Equity
Inception date
10/20/2011
12/11/2009
Beta
0.58
0.76
Last dividend
$0.2525
$0.1570
Ex-dividend date
06/24/2026
06/24/2026
Bottom lineChoose SCHD if you want higher current income (3.00% vs 1.80% for SCHV). Choose SCHV if you want broad equity exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
SCHD has outpaced SCHV over the trailing twelve months, posting a 31.06% total return against 27.48%. The lead holds up over 10 years too: SCHD has compounded at 12.79% a year, against 11.45% for SCHV. 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 August 5, 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
SCHD (Schwab U.S. Dividend Equity ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SCHD offers the higher yield at 3.00% vs 1.80% for SCHV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHV is cheaper with an expense ratio of 0.04% compared to 0.06%.
They track different benchmarks: SCHD is linked to Dow Jones U.S. Dividend 100 Index while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, which means their performance drivers differ.
SCHD is the larger fund by assets ($104B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose SCHD
Schwab U.S. Dividend Equity ETF
Want higher current income — SCHD yields 3.00% vs 1.80% for SCHV.
Want a quality-dividend tilt — screened payers rather than the broad index.
Prefer lower volatility — a beta of 0.6 vs 0.8 for SCHV.
Choose SCHV
Schwab U.S. Large-Cap Value ETF
Want broad equity exposure.
Want to keep costs low — a 0.04% expense ratio vs 0.06% for SCHD.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track SCHD & SCHV for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, SCHD would generate roughly $25.00/month, while SCHV would produce $15.00/month, at current distribution rates. Both pay quarterly distributions.
SCHD yield3.00%
SCHV yield1.80%
Monthly diff on $10K$10.00
Cost & efficiency
Over 10 years on $10,000, SCHD would cost approximately $60 in fees vs $40 for SCHV (simplified, not compounded). The $20.00 difference may be offset by yield or performance.
SCHD ER0.06%
SCHV ER0.04%
Strategy & risk
SCHD tracks Dow Jones U.S. Dividend 100 Index, while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. Beta is 0.58 for SCHD and 0.76 for SCHV, indicating SCHD is less volatile relative to the market.
SCHD beta0.58
SCHV beta0.76
Fund details
SCHD is managed by Schwab (launched 10/20/2011) with $104B in assets. SCHV is managed by Schwab (launched 12/11/2009) with $15.8B in assets.
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Frequently asked questions
What is the current distribution yield for SCHD and SCHV?
SCHD currently distributes 3.00% and SCHV 1.80%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is SCHD or SCHV 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 SCHD and SCHV?
SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, while SCHV (Schwab U.S. Large-Cap Value ETF) tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They are issued by Schwab and Schwab respectively.
Can I hold both SCHD and SCHV?
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, SCHD or SCHV?
SCHD has an expense ratio of 0.06% while SCHV charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SCHD vs SCHV generate?
At current rates, $10,000 in SCHD would generate roughly $25.00 per month ($300.00 annually). The same in SCHV would produce about $15.00 per month ($180.00 annually).
Which has performed better historically, SCHD or SCHV?
SCHD has outpaced SCHV over the trailing twelve months, posting a 31.06% total return against 27.48%. The lead holds up over 10 years too: SCHD has compounded at 12.79% a year, against 11.45% for SCHV. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
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