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Security Comparison

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

A head-to-head comparison of Schwab U.S. Dividend Equity ETF and Schwab Value Advantage Money Fund - Investor Shares covering yield, cost, risk, and income potential.

Data updated August 5, 2026

Best for

  • SCHDInvestors who want a quality-dividend tilt rather than the whole market.
  • SWVXXInvestors who want fixed-income ballast that steadies the portfolio when stocks fall.

Jump to the side-by-side numbers

Schwab
ETFs34
Total AUM$590B

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

Side-by-side snapshot

SCHDSWVXX
Full nameSchwab U.S. Dividend Equity ETFSchwab Value Advantage Money Fund - Investor Shares
IssuerSchwabSchwab
Last Close$33.64 as of August 5, 2026$1.00 as of August 5, 2026
Distribution yield3.00%3.43%
Distribution Safety Score™ 100—
Expense ratio0.06%—
AUM$104B$247B
Distribution frequencyQuarterlyMonthly
Underlying indexDow Jones U.S. 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 the highest current income consistent with stability of capital and liquidity. Invests in high-quality, short-term money market securities issued by U.S. and foreign entities — including commercial paper, certificates of deposit, and corporate debt obligations. Commonly used as a higher-yielding cash sweep alternative for Schwab brokerage accounts.
Asset classEquityFixed Income
Inception date10/20/201104/20/1992
Beta0.580.003
Last dividend$0.2525$0.0029
Ex-dividend date06/24/202606/30/2026

Bottom lineChoose SCHD if you want a quality-dividend tilt rather than the whole market. Choose SWVXX if you want fixed-income ballast that steadies the portfolio when stocks fall.

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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

SCHD has outpaced SWVXX over the trailing twelve months, posting a 31.06% total return against 3.81%. The lead holds up over 10 years too: SCHD has compounded at 12.79% a year, against 2.22% for SWVXX. SWVXX has been the steadier holding, though — annualized volatility of 1.3% against 13.2% for SCHD. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1Y3Y5Y10YSince Oct 2011Volatility Sharpe Sortino Max drawdown
SCHD23.31%31.06%14.66%9.71%12.79%13.42%13.2%0.701.02-16.1%
SWVXX1.74%3.81%4.50%3.52%2.22%1.50%1.3%-0.07-0.340.0%

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) is an ETF, while SWVXX (Schwab Value Advantage Money Fund - Investor Shares) is a money market fund — they take fundamentally different approaches.

SWVXX offers the higher yield at 3.43% vs 3.00% for SCHD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SWVXX is the larger fund by assets ($247B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHD would generate roughly $25.00/month, while SWVXX would produce $28.58/month, at current distribution rates.

SCHD yield3.00%
SWVXX yield3.43%
Monthly diff on $10K$3.58

Cost & efficiency

SCHD charges a 0.06% expense ratio — roughly $60 over 10 years on $10,000 (simplified, not compounded). SWVXX has not published an expense ratio, so a direct cost comparison isn't possible.

SCHD ER0.06%

Strategy & risk

SCHD tracks Dow Jones U.S. Dividend 100 Index, while SWVXX is a money market fund. Beta is 0.58 for SCHD and 0.003 for SWVXX, indicating SWVXX is less volatile relative to the market.

SCHD beta0.58
SWVXX beta0.003

Fund details

SCHD is managed by Schwab (launched 10/20/2011) with $104B in assets. SWVXX is managed by Schwab (launched 04/20/1992) with $247B in assets.

SCHD AUM$104B
SWVXX AUM$247B
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Frequently asked questions

What is the current distribution yield for SCHD and SWVXX?

SCHD currently distributes 3.00% and SWVXX 3.43%, 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 SWVXX better for dividend income?

It depends on your goals. SWVXX 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 SWVXX?

SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, while SWVXX (Schwab Value Advantage Money Fund - Investor Shares) is a money market fund. They are issued by Schwab and Schwab respectively.

Can I hold both SCHD and SWVXX?

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 SWVXX?

SCHD charges a 0.06% expense ratio. SWVXX has not published an expense ratio, so a direct fee comparison isn't possible.

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

At current rates, $10,000 in SCHD would generate roughly $25.00 per month ($300.00 annually). The same in SWVXX would produce about $28.58 per month ($343.00 annually).

Which has performed better historically, SCHD or SWVXX?

SCHD has outpaced SWVXX over the trailing twelve months, posting a 31.06% total return against 3.81%. The lead holds up over 10 years too: SCHD has compounded at 12.79% a year, against 2.22% for SWVXX. SWVXX has been the steadier holding, though — annualized volatility of 1.3% against 13.2% for SCHD. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

Learn the method

The metrics behind this comparison, explained in the Academy.

What the distribution rate really tells you Why a high yield isn't high income How to read a fund's stats

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