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.
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
10/20/2011
05/19/1997
Beta
0.58
1.0
Last dividend
$0.2525
$0.1946
Ex-dividend date
06/24/2026
12/12/2025
Bottom lineChoose SCHD if you want higher current income (3.14% vs 1.00% for SWPPX). Choose SWPPX if you want broad equity exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each security at current yields.
Want to go deeper?
Add these securities to a sample portfolio and forecast your dividend income over 5+ years — no signup required.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SCHD (Schwab U.S. Dividend Equity ETF) is an ETF, while SWPPX (Schwab S&P 500 Index Fund) is a mutual fund — they take fundamentally different approaches.
SCHD offers the higher yield at 3.14% vs 1.00% for SWPPX. 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 0.59%.
SWPPX is the larger fund by assets ($144B), 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 SWPPX would produce $8.33/month, at current distribution rates.
SCHD yield3.14%
SWPPX yield1.00%
Monthly diff on $10K$17.83
Cost & efficiency
Over 10 years on $10,000, SCHD would cost approximately $60 in fees vs $590 for SWPPX (simplified, not compounded). The $530.00 difference may be offset by yield or performance.
SCHD ER0.06%
SWPPX ER0.59%
Strategy & risk
SCHD tracks Dow Jones U.S. Dividend 100 Index, while SWPPX is a mutual fund. Beta is 0.58 for SCHD and 1.0 for SWPPX, indicating SCHD is less volatile relative to the market.
SCHD beta0.58
SWPPX beta1.0
Fund details
SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets. SWPPX is managed by Schwab (launched 05/19/1997) with $144B in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend investments.
Frequently asked questions
Is SCHD or SWPPX 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 SWPPX?
SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, while SWPPX (Schwab S&P 500 Index Fund) is a mutual fund. They are issued by Schwab and Schwab respectively.
Can I hold both SCHD and SWPPX?
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 SWPPX?
SCHD has an expense ratio of 0.06% while SWPPX charges 0.59%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SCHD vs SWPPX generate?
At current rates, $10,000 in SCHD would generate roughly $26.17 per month ($314.00 annually). The same in SWPPX would produce about $8.33 per month ($100.00 annually).
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each security fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
