ETF Comparison

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

A head-to-head comparison of Schwab U.S. Dividend Equity ETF and Invesco S&P 500 Momentum 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.

See all Schwab ETFs

Invesco

ETFs256

Total AUM$971B

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

Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.

See our curated list of related YouTube videos on SPMO.

See all Invesco ETFs

Side-by-side snapshot

	SCHD	SPMO
Full name	Schwab U.S. Dividend Equity ETF	Invesco S&P 500 Momentum ETF
Issuer	Schwab	Invesco
Last Close	$32.20 as of July 15, 2026	$152.86 as of July 15, 2026
Distribution yield	3.14%	0.64%
Distribution Safety Score	100	72
Expense ratio	0.06%	0.13%
AUM	$95.2B	$20.3B
Distribution frequency	Quarterly	Quarterly
Underlying index	Dow Jones U.S. Dividend 100 Index	S&P 500 Momentum 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.	Track the S&P 500 Momentum Index, providing factor exposure to the highest momentum names within the S&P 500.
Asset class	Equity	Equity
Inception date	10/20/2011	10/09/2015
Beta	0.58	1.28
Last dividend	$0.2525	$0.2450
Ex-dividend date	06/24/2026	06/22/2026

Bottom lineChoose SCHD if you want higher current income (3.14% vs 0.64% for SPMO). Choose SPMO if you want broad equity exposure.

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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 SPMO (Invesco S&P 500 Momentum ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SCHD offers the higher yield at 3.14% vs 0.64% for SPMO. 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 0.13%.

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

SCHD is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHD would generate roughly $26.17/month, while SPMO would produce $5.33/month, at current distribution rates. Both pay quarterly distributions.

SCHD yield3.14%

SPMO yield0.64%

Monthly diff on $10K$20.83

Cost & efficiency

Over 10 years on $10,000, SCHD would cost approximately $60 in fees vs $130 for SPMO (simplified, not compounded). The $70.00 difference may be offset by yield or performance.

SCHD ER0.06%

SPMO ER0.13%

Strategy & risk

SCHD tracks Dow Jones U.S. Dividend 100 Index, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 0.58 for SCHD and 1.28 for SPMO, indicating SCHD is less volatile relative to the market.

SCHD beta0.58

SPMO beta1.28

Fund details

SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets.

SCHD AUM$95.2B

SPMO AUM$20.3B

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Frequently asked questions

Is SCHD or SPMO 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 SPMO?

SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by Schwab and Invesco respectively.

Can I hold both SCHD and SPMO?

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 SPMO?

SCHD has an expense ratio of 0.06% while SPMO charges 0.13%. Lower fees mean more of your investment returns stay in your pocket over time.

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

At current rates, $10,000 in SCHD would generate roughly $26.17 per month ($314.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).

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