DVY vs SCHD
iShares Select Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, DVY or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. DVY led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. DVY is less concentrated, with 19.6% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DVY | SCHD |
|---|---|---|
| Expense Ratio | 0.38% | 0.06%Best |
| AUM | $23.7B | $112.1B |
| Dividend Yield | 3.24% | 3.00% |
| Holdings | 105 | 103 |
| YTD Return | +13.61% | +23.46%Best |
| 1Y Return | +16.68% | +27.20%Best |
| 3Y Return (annualized) | +16.44%Best | +15.41% |
| 5Y Return (annualized) | +10.82%Best | +10.16% |
| Volatility (annualized) | 14.0% | 13.7%Best |
| Max Drawdown | -41.6% | -33.4%Best |
| $10,000 over 5 years | $16,714Best | $16,223 |
| Top 10 Weight | 19.6%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 3, 2003 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
DVY vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
DVY vs SCHD Performance
iShares Select Dividend ETF (DVY) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DVY returned +16.68% while SCHD returned +27.20%. Year to date, DVY is up 13.61% versus a gain of 23.46% for SCHD.
Over three years, DVY compounded at +16.44% per year against +15.41% for SCHD; over five years the annualized figures are +10.82% and +10.16% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +9.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVY has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 13.7% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -41.6% for DVY and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVY charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period. On income, DVY currently yields 3.24% against 3.00% for SCHD.
Holdings Overlap
34.4% of DVY's money is in holdings SCHD also owns. 39.6% of SCHD's money is in holdings DVY also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 99 positions we hold weights for in DVY and 100 in SCHD, against full books of 105 and 103.
What only one of them owns
Measured across the 99 and 100 positions we hold weights for.
SCHD holds 70 positions DVY does not, 60.3% of the fund.
Largest: AMGN 4.70%, ABT 4.69%, COP 3.94%, HD 3.88%, PG 3.83%
Top Shared Holdings
| Stock | Weight in DVY | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.14% | 4.77% | 3.63% |
| VZVerizon Communic | 1.86% | 3.97% | 2.11% |
| CVXChevron Corp | 1.42% | 4.02% | 2.60% |
| KOCoca Cola Co. | 1.01% | 4.17% | 3.16% |
| MOAltria Group Inc | 2.09% | 2.79% | 0.70% |
| TGTTarget Corp Common Stock Usd.0833 | 1.74% | 1.78% | 0.04% |
| CMCSAComcast Corp-class A Cmcsa | 1.17% | 2.31% | 1.14% |
| LMTLockheed Martin Corp | 0.59% | 2.78% | 2.19% |
| OKEOneok Inc. | 1.84% | 1.47% | 0.37% |
| EOGEog Resources Inc | 1.25% | 1.88% | 0.63% |
39.6% of SCHD is already inside DVY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DVY or SCHD?
DVY has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, DVY or SCHD?
Over the past year DVY returned +16.68% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DVY annualized +9.40% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVY or SCHD?
DVY has been the more volatile fund at 14.0% annualized versus 13.7% for SCHD. Worst drawdown: DVY -41.6% vs SCHD -33.4%.
Should I hold both DVY and SCHD?
DVY and SCHD have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DVY and SCHD?
39.6% of SCHD's money is in holdings DVY also owns. 39.6% of SCHD's is in holdings DVY also owns. They hold 29 positions in common, counted across the 99 positions we hold weights for in DVY and 100 in SCHD.
Which pays a higher dividend, DVY or SCHD?
DVY yields 3.24% while SCHD yields 3.00%, so DVY currently pays the higher dividend yield.
Is SCHD better than DVY?
SCHD has a lower expense ratio. DVY led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. DVY is less concentrated, with 19.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.