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ETF Comparison

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

A head-to-head comparison of Schwab U.S. Dividend Equity ETF and Schwab International 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 SCHD and SCHY.

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Side-by-side snapshot

SCHDSCHY
Full nameSchwab U.S. Dividend Equity ETFSchwab International Dividend Equity ETF
IssuerSchwabSchwab
Last Close$32.20 as of July 15, 2026$32.19 as of July 15, 2026
Distribution yield3.14%4.44%
Distribution Safety Score 10086
Expense ratio0.06%0.14%
AUM$95.2B$2.31B
Distribution frequencyQuarterlyQuarterly
Underlying indexDow Jones U.S. Dividend 100 IndexDow Jones International Dividend 100 Index
ObjectiveSeeks 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.Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones International Dividend 100 Index.
Asset classEquityEquity
Inception date10/20/201104/28/2021
Beta0.580.81
Last dividend$0.2525$0.3570
Ex-dividend date06/24/202606/24/2026

Bottom lineChoose SCHD if you want a quality-dividend tilt rather than the whole market. Choose SCHY if you want higher current income (4.44% vs 3.14% for SCHD).

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

SCHD (Schwab U.S. Dividend Equity ETF) and SCHY (Schwab International Dividend Equity ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SCHY offers the higher yield at 4.44% vs 3.14% for SCHD. 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 0.14%.

They track different benchmarks: SCHD is linked to Dow Jones U.S. Dividend 100 Index while SCHY tracks Dow Jones International 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 SCHD

Schwab U.S. Dividend Equity ETF

  • Want a quality-dividend tilt — screened payers rather than the broad index.
  • Want to keep costs low — a 0.06% expense ratio vs 0.14% for SCHY.
  • Prefer lower volatility — a beta of 0.6 vs 0.8 for SCHY.

Choose SCHY

Schwab International Dividend Equity ETF

  • Want higher current income — SCHY yields 4.44% vs 3.14% for SCHD.
  • Want a quality-dividend tilt — screened payers rather than the broad index.

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, SCHD would generate roughly $26.17/month, while SCHY would produce $37.00/month, at current distribution rates. Both pay quarterly distributions.

SCHD yield3.14%
SCHY yield4.44%
Monthly diff on $10K$10.83

Cost & efficiency

Over 10 years on $10,000, SCHD would cost approximately $60 in fees vs $140 for SCHY (simplified, not compounded). The $80.00 difference may be offset by yield or performance.

SCHD ER0.06%
SCHY ER0.14%

Strategy & risk

SCHD tracks Dow Jones U.S. Dividend 100 Index, while SCHY tracks Dow Jones International Dividend 100 Index with a dividend approach. Beta is 0.58 for SCHD and 0.81 for SCHY, indicating SCHD is less volatile relative to the market.

SCHD beta0.58
SCHY beta0.81

Fund details

SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets. SCHY is managed by Schwab (launched 04/28/2021) with $2.31B in assets.

SCHD AUM$95.2B
SCHY AUM$2.31B
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Frequently asked questions

Is SCHD or SCHY better for dividend income?

It depends on your goals. SCHY 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 SCHY?

SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, while SCHY (Schwab International Dividend Equity ETF) tracks Dow Jones International Dividend 100 Index with a dividend approach. They are issued by Schwab and Schwab respectively.

Can I hold both SCHD and SCHY?

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 SCHY?

SCHD has an expense ratio of 0.06% while SCHY charges 0.14%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in SCHD vs SCHY generate?

At current rates, $10,000 in SCHD would generate roughly $26.17 per month ($314.00 annually). The same in SCHY would produce about $37.00 per month ($444.00 annually).

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