CSB vs SCHD

CSBBVictoryShares US Small Cap High Div Volatility Wtd ETF

SCHDASchwab U.S. Dividend Equity ETF

In short

CSB Most dividend ETFs crowd into mega-cap payers. CSB goes the other way: the 100 highest yielders drawn from profitable US small caps, weighted by volatility instead of size, so the jumpiest names get the smallest slice.

SCHD The dividend fund that checks the balance sheet before it checks the yield. SCHD only considers companies with 10 straight years of payouts, then ranks the survivors on cash flow, return on equity and dividend growth. Quality gate first, income second, at six basis points.

Stated mandate

CSB The Fund seeks to track, before fees and expenses, the performance of the Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index.

SCHD The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100TM Index.

Why people hold it

• CSB Weights each holding by the inverse of its volatility rather than market cap, and caps any single sector at 25%, which keeps one hot corner from running the portfolio.nasdaqomx.com
• The starting pool has a profitability gate: the 500 largest US companies under $3B in market cap with positive earnings in each of the four most recent quarters.vcm.com
• Live since 2015, holding roughly 100 stocks and paying monthly, with tracking that has stayed close to the index it advertises.
• A small-cap high-dividend sleeve is a rarity in a peer group built mostly on large-cap payers, so it covers ground the household dividend names largely skip.

• SCHD Charges 0.06% a year, near the floor for US equity ETFs and a fraction of what the typical dividend-screen fund costs.schwabassetmanagement.com
• The rulebook is strict: 10 consecutive years of dividends to qualify, then a composite rank on cash-flow-to-total-debt, return on equity, yield and five-year dividend growth.spglobal.com
• Index rules cap any single stock at 4.5% and any sector at 25%, so one hot name cannot quietly become the whole income stream.spglobal.com
• Running since 2011 and now among the largest, most heavily traded dividend ETFs, with tracking that stays very close to its index.

Worth knowing

• CSB The 0.40% fee sits near the middle of its cohort, but the giants of dividend investing (SCHD, VIG, DGRO) charge a fraction of that for large-cap exposure.
• Small caps swing harder than the blue-chip payers most dividend funds hold. Volatility weighting shapes that risk, it does not remove it.
• It trades lightly next to the cohort's household names, and the index reconstitutes only twice a year (March and September), so the yield roster is set in between.nasdaqomx.com

• SCHD Roughly 100 names, every one a long-time dividend payer. The fast-growing non-payers that drive much of the US market are not eligible, by design.spglobal.com
• The yield and quality screens tilt it toward mature, cash-generating sectors, so it looks nothing like a total-market fund. Distributions land quarterly, not monthly.spglobal.com
• Not the absolute cheapest shelf item: VIG runs 0.04% and DIVB 0.05%, though both screen for dividends differently.

Full CSB profile⁠

Full SCHD profile⁠