SCHD vs VIG
Schwab US Dividend Equity ETF vs Vanguard Dividend Appreciation ETF
Which is better, SCHD or VIG?
Large Cap Value against Large Cap Blend.
VIG has a lower expense ratio. SCHD led over 1Y, VIG over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. VIG is less concentrated, with 32.0% 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 | SCHD | VIG |
|---|---|---|
| Expense Ratio | 0.06% | 0.04%Best |
| AUM | $112.1B | $111.4B |
| Dividend Yield | 3.00% | 1.48% |
| Holdings | 103 | 335 |
| YTD Return | +25.07%Best | +9.42% |
| 1Y Return | +27.61%Best | +12.39% |
| 3Y Return (annualized) | +15.74% | +16.13%Best |
| 5Y Return (annualized) | +9.89% | +10.37%Best |
| Volatility (annualized) | 13.6% | 12.4%Best |
| Max Drawdown | -33.4% | -31.7%Best |
| $10,000 over 5 years | $16,025 | $16,378Best |
| Top 10 Weight | 41.8% | 32.0%Best |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Apr 21, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
SCHD vs VIG 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.
SCHD vs VIG Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Vanguard Dividend Appreciation ETF (VIG) is an ETF from Vanguard (US). Over the past year SCHD returned +27.61% while VIG returned +12.39%. Year to date, SCHD is up 25.07% versus a gain of 9.42% for VIG.
Over three years, SCHD compounded at +15.74% per year against +16.13% for VIG; over five years the annualized figures are +9.89% and +10.37% respectively. Across the full 15-year window we track, VIG has the edge at +11.52% annualized vs +11.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.4% for VIG. 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 -33.4% for SCHD and -31.7% for VIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while VIG charges 0.04%. On a $10,000 position that is $6 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.48% for VIG.
Holdings Overlap
53.7% of SCHD's money is in holdings VIG also owns. 14.1% of VIG's money is in holdings SCHD also owns.
The two portfolios partly overlap.
The two holdings books were reported 62 days apart, SCHD as of Aug 31, 2026 and VIG as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
32 positions in common, counted across the 100 positions we hold weights for in SCHD and 331 in VIG, against full books of 103 and 335.
What only one of them owns
Our book lists 280 positions for VIG that do not appear in our book for SCHD (85.3% of the fund), and 67 for SCHD that do not appear in VIG (46.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in VIG | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 4.77% | 1.39% | 3.38% |
| AMGNAmgen Inc. | 4.70% | 0.86% | 3.84% |
| KOCoca Cola Co. | 4.17% | 1.38% | 2.79% |
| UNHUnitedhealth Group Inc. | 3.82% | 1.65% | 2.17% |
| HDHome Depot Inc/The | 3.88% | 1.54% | 2.34% |
| ABTAbbott Laboratories | 4.69% | 0.69% | 4.00% |
| PGProcter & Gamble Company | 3.83% | 1.49% | 2.34% |
| PEPPepsico Inc. | 3.64% | 0.81% | 2.83% |
| TXNTexas Instruments, Inc | 3.13% | 1.19% | 1.94% |
| QCOMQualcomm Inc. | 2.52% | 0.85% | 1.67% |
53.7% of SCHD is already inside VIG.
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, SCHD or VIG?
SCHD has an expense ratio of 0.06% while VIG charges 0.04%. VIG is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, SCHD or VIG?
Over the past year SCHD returned +27.61% vs +12.39% for VIG, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.36% vs +11.52% for VIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or VIG?
SCHD has been the more volatile fund at 13.6% annualized versus 12.4% for VIG. Worst drawdown: SCHD -33.4% vs VIG -31.7%.
Should I hold both SCHD and VIG?
SCHD and VIG have a monthly-return correlation of 0.91, 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 SCHD and VIG?
53.7% of SCHD's money is in holdings VIG also owns. 14.1% of VIG's is in holdings SCHD also owns. They hold 32 positions in common, counted across the 100 positions we hold weights for in SCHD and 331 in VIG.
Which pays a higher dividend, SCHD or VIG?
SCHD yields 3.00% while VIG yields 1.48%, so SCHD currently pays the higher dividend yield.
Is VIG better than SCHD?
VIG has a lower expense ratio. SCHD led over 1Y, VIG over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. VIG is less concentrated, with 32.0% 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.