SCHD vs VOO: Grades, Fees and Holdings Compared

Schwab U.S. Dividend Equity ETF

SCHDANYSE Arca

Vanguard S&P 500 ETF

VOOANYSE Arca

Overlap

7.6%by weight

Expense ratio

VOO −0.03pt a year

SCHD0.06%VOO0.03%

Avg volume · 30D

SCHD 3.1×the volume

SCHD22.5MVOO7.22M

10Y return · a year

VOO +2.2pt

SCHD+13.5%VOO+15.7%

SCHD vs VOO Performance

Oct 28, 2021 – Oct 28, 2026

+62.3%SCHD+80.7%VOO

Expense ratio: SCHD 0.06%; VOO 0.03%, better
Fund size: SCHD $118B; VOO $1.7T
1Y total return: SCHD +34.5%, better; VOO +13.7%
Yield (12M): SCHD 3.00%, better; VOO 1.05%
Holdings: SCHD 100; VOO 507
Avg volume (30D): SCHD 22.5M sh, better; VOO 7.22M sh
NAV per share: SCHD $35.06; VOO $707.53
52W range

ETF.net Grade

Pillar letters and Scores for SCHD, VOO, with each pillar’s weight
Pillar	SCHD	VOO
Cost30% weight	A95	A84
Mission25% weight	A84	A100
Risk15% weight	A70	C51
Tradability15% weight	A90	C53
Holdings10% weight	D32	C41
Durability5% weight	A83	A93

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

SCHD ranks 2nd of 52 funds in the US Dividend Index Category.

Rank 1ADGROiShares Core Dividend Growth ETFScore 84
Rank 2ADIVBiShares Core Dividend ETFScore 80
Rank 2ASCHDSchwab U.S. Dividend Equity ETFScore 80
Rank 4ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 79

S&P 500⁠

Category · 14 funds

See all 14 ›

VOO ranks 3rd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74
Rank 4AUSPXFranklin U.S. Equity Index ETFScore 71

Our read on each fund

ETF.net Research

SCHDASchwab U.S. Dividend Equity ETF

VOOAVanguard S&P 500 ETF

In short

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.

VOO Not a standalone ETF but a share class of Vanguard's flagship 500 Index Fund: the same roughly 500 large US companies, 0.03% a year, in a wrapper you can trade all day.

Stated mandate

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

VOO The fund invests in stocks represented by the S&P 500 Index and seeks to closely track that index's return as a measure of overall U.S. stock performance.

Why people hold it

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.

VOO 0.03% a year against a 0.15% median for S&P 500 trackers. On a fund this size, that fee gap is the whole product.
Holds the index outright, all roughly 500 names, and its tracking record sits among the tightest in the S&P 500 group.vanguard.com
One of the most actively traded ETFs in the market, which tends to keep the cost of getting in and out small.
It is the ETF share class of Vanguard's 500 Index Fund, and Vanguard is owned by its own funds, so no outside parent takes a cut.vanguard.com sec.gov

Worth knowing

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.

VOO Large US companies only, weighted by size, so the biggest few names carry the most weight and drive much of the move.spglobal.com
Membership is not purely mechanical: an S&P index committee decides which companies come in and go out.spglobal.com
SPYM tracks the same index for 0.02%. A rounding error for most, but real if cost is your only tiebreaker.

Full SCHD profile⁠

Full VOO profile⁠

SCHD vs VOO Holdings

Holdings as of Oct 29, 2026 for SCHD and Oct 27, 2026 for VOO

How SCHD and VOO differ

Overlap by weight

7.6%

Shared holdings make up 95.0% of SCHD and 7.6% of VOO.

Level by level

Holdings45 in both7.6%
Sector11 Sectors62.2%
Countryby domicile96.0%
Asset classEquity100%

Sector

Sector weights in SCHD and VOO, widest gap first
Sector	More in SCHDMore in VOO	SCHD	VOO
Technology	VOO +24.5 points	16.0%	40.5%
Consumer Staples	SCHD +15.8 points	20.1%	4.3%
Energy	SCHD +12.0 points	15.4%	3.4%
Health Care	SCHD +10.0 points	19.3%	9.3%
Communication	VOO +4.0 points	6.0%	9.9%
Consumer Discretionary	VOO +2.1 points	6.7%	8.8%
Financials	VOO +1.9 points	9.2%	11.1%
Utilities	VOO +1.8 points	0.1%	1.9%
Real Estate	VOO +1.7 points	0.0%	1.7%
Materials	VOO +1.6 points	0.0%	1.6%
Industrials	VOO +0.3 points	7.3%	7.5%

Country, concentration and asset class

Country by domicile

Country weights in SCHD and VOO, widest gap first
Country	More in SCHDMore in VOO	SCHD	VOO
United States	VOO +4.0 points	96.0%	100.0%
Ireland	SCHD +3.8 points	3.8%	0.0%
Other countries (2)	SCHD +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

SCHD41.8%
VOO39.1%

Securities held

SCHD100
VOO506

Asset class

SCHD: Equity
VOO: Equity

Holdings

Only in SCHD55
In both45
Only in VOO461

Only in SCHD

55 securities, 5.0% of SCHD by weight

East West Bancorp0.43%
Hf Sinclair0.42%
Watsco0.26%
American Financial Group0.25%
Fidelity National Financial Inc0.24%
Booz Allen Hamilton Holding Class0.24%
Columbia Banking System Inc0.21%
Old Republic International0.20%
Autoliv0.19%
Macys0.15%
Murphy Oil0.14%
Msc Industrial Class A0.13%
Vail Resorts0.13%
Bank Ozk0.12%
Nexstar Media Group Inc0.12%
Robert Half Inc0.10%
Moelis Class A0.10%
Federated Hermes Inc Class B0.10%
Clearway Energy Inc Class C0.09%
Korn Ferry0.09%
Cvb Financial Corp0.09%
Penske Automotive Group Voting Inc0.09%
Artisan Partners Asset Management0.06%
Banner Corp0.06%
Ofg Bancorp0.05%
Interparfums Inc0.05%
Marzetti0.05%
Cohen & Steers Inc0.05%
City Holding0.05%
Federal Agricultural Mortgage Non0.05%
Ssc Government Mm Gvmxx0.05%
Western Union0.04%
Insperity0.04%
German American Bancorp Inc0.04%
S and T Bancorp Inc0.04%
National Bank Holdings Corp Class0.04%
1ST Source0.04%
Lakeland Financial Corp0.04%
Buckle0.03%
Flowers Foods Inc0.03%
Preferred Bank0.03%
Cna Financial Corp0.03%
Wendys0.02%
Central Pacific Financial Corp0.02%
Hanmi Financial Corp0.02%
Orrstown Financial Services Inc0.02%
First Financial Corporation Corp0.02%
Independent Bank Corp0.02%
Virtus Investment Partners0.02%
Capital City Bank Inc0.02%

Only in VOO

461 securities, 92.5% of VOO by weight

NVIDIA Corp8.40%
Apple Inc7.39%
Microsoft Corp5.79%
Amazon.com Inc3.72%
Alphabet Inc3.07%
Broadcom Inc2.54%
Alphabet Inc2.46%
Meta Platforms Inc2.43%
Micron Technology Inc1.83%
Tesla Inc1.52%
Advanced Micro Devices Inc1.52%
Berkshire Hathaway Inc1.41%
Eli Lilly & Co1.41%
JPMorgan Chase & Co1.34%
ExxonMobil Holdings Corp1.02%
Johnson & Johnson0.97%
Visa Inc0.91%
Intel Corp0.91%
Walmart Inc0.70%
AbbVie Inc0.70%
Mastercard Inc0.68%
Palantir Technologies Inc0.65%
Cisco Systems Inc0.64%
Lam Research Corp0.62%
Applied Materials Inc0.62%
Costco Wholesale Corp0.61%
Caterpillar Inc0.57%
Bank of America Corp0.54%
General Electric Co0.49%
Palo Alto Networks Inc0.49%
Philip Morris International Inc0.45%
Netflix Inc0.44%
Crowdstrike Holdings Inc0.41%
KLA Corp0.39%
Sandisk Corp0.39%
GE Vernova Inc0.38%
RTX Corp0.38%
Thermo Fisher Scientific Inc0.38%
Goldman Sachs Group Inc/The0.37%
Wells Fargo & Co0.37%
Oracle Corp0.36%
Marvell Technology Inc0.35%
Morgan Stanley0.34%
Linde PLC0.33%
Citigroup Inc0.32%
Arista Networks Inc0.32%
Seagate Technology Holdings PLC0.32%
Amphenol Corp0.32%
International Business Machines Corp0.31%
Analog Devices Inc0.29%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in SCHD and VOO, widest gap first
Holding	More in SCHDMore in VOO	SCHD	VOO
Texas InstrumentTXN	SCHD +4.41 points	4.80%	0.39%
ConocophillipsCOP	SCHD +4.04 points	4.27%	0.23%
QualcommQCOM	SCHD +3.99 points	4.29%	0.30%
Procter & GamblePG	SCHD +3.76 points	4.27%	0.51%
Amgen IncAMGN	SCHD +3.66 points	4.01%	0.35%
ChevronCVX	SCHD +3.66 points	4.27%	0.61%
Coca-ColaKO	SCHD +3.58 points	4.09%	0.51%
UnitedHealth GroupUNH	SCHD +3.57 points	4.07%	0.50%
Home DepotHD	SCHD +3.53 points	3.96%	0.43%
PepsicoPEP	SCHD +3.50 points	3.76%	0.26%
Abbott LaboratoriesABT	SCHD +3.44 points	3.70%	0.26%
Accenture PLC Class AACN	SCHD +3.29 points	3.46%	0.17%
Verizon Communications IncVZ	SCHD +3.18 points	3.47%	0.29%
Merck & Co IncMRK	SCHD +3.17 points	3.71%	0.54%
Lockheed MartinLMT	SCHD +2.88 points	3.04%	0.16%
Bristol Myers SquibbBMY	SCHD +2.83 points	3.02%	0.19%
Altria Group IncMO	SCHD +2.78 points	2.95%	0.17%
Automatic Data Processing IncADP	SCHD +2.64 points	2.80%	0.16%
BlackstoneBX	SCHD +1.97 points	2.10%	0.13%
Eog ResourcesEOG	SCHD +1.92 points	2.03%	0.11%
SlbSLB	SCHD +1.82 points	1.93%	0.11%
United Parcel Service Inc Class BUPS	SCHD +1.80 points	1.91%	0.11%
Comcast Class ACMCSA	SCHD +1.74 points	1.86%	0.12%
Target CorpTGT	SCHD +1.50 points	1.61%	0.11%
OneokOKE	SCHD +1.37 points	1.45%	0.08%
FastenalFAST	SCHD +1.33 points	1.42%	0.09%
Devon EnergyDVN	SCHD +1.27 points	1.35%	0.08%
Fifth Third BancorpFITB	SCHD +1.10 points	1.17%	0.07%
Ford MotorF	SCHD +1.03 points	1.10%	0.07%
Archer Daniels MidlandADM	SCHD +0.84 points	0.90%	0.06%
Kimberly ClarkKMB	SCHD +0.82 points	0.87%	0.05%
PaychexPAYX	SCHD +0.79 points	0.84%	0.05%
Cincinnati FinancialCINF	SCHD +0.63 points	0.67%	0.04%
Ares Management Class AARES	SCHD +0.62 points	0.66%	0.04%
Darden Restaurants IncDRI	SCHD +0.55 points	0.58%	0.03%
Regions FinancialRF	SCHD +0.55 points	0.58%	0.03%
Hershey FoodsHSY	SCHD +0.54 points	0.58%	0.04%
T Rowe Price GroupTROW	SCHD +0.50 points	0.53%	0.03%
Principal Financial Group IncPFG	SCHD +0.49 points	0.52%	0.03%
Broadridge Financial Solutions IncBR	SCHD +0.45 points	0.48%	0.03%
Best BuyBBY	SCHD +0.44 points	0.47%	0.03%
Snap On IncSNA	SCHD +0.41 points	0.44%	0.03%
ApaAPA	SCHD +0.41 points	0.43%	0.02%
General Mills IncGIS	SCHD +0.40 points	0.43%	0.03%
Erie Indemnity Class AERIE	SCHD +0.14 points	0.15%	<0.01%

All 102 SCHD holdings⁠All 505 VOO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SCHD vs VOO Cost

Overpaying SCHD vs VOO

$632

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SCHD 0.06%
$1,270
VOO 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SCHD 0.06%
VOO 0.03%
Overpaying

Year by year

Year	SCHD	VOO	Overpaying
10	$110	$55	$55
20	$432	$216	$216
30	$1,270	$638	$632

Expense ratio

0.06%SCHD
0.03%VOO, cheaper

Different Categories, so each fee sits in its own Category’s range.

SCHD among 52 US Dividend Index funds

SCHD0.06%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

SCHD 4th cheapest of 52 funds

VOO among 14 S&P 500 funds

VOO0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

VOO 2nd cheapest of 14 funds

SCHD vs VOO Dividends

Last 12 months to Oct 28, 2026

Yield (12M): SCHD 3.00%, better; VOO 1.05%
Payout (12M): SCHD $1.05; VOO $7.43
Last payment: SCHD $0.27; VOO $1.82
Ex-dividend: SCHD Sep 23, 2026; VOO Sep 28, 2026
Paid on: SCHD Sep 28, 2026; VOO Sep 30, 2026
Frequency: SCHD Quarterly; VOO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHDQuarterly · 39 paymentsAll SCHD payments⁠

VOOQuarterly · 39 paymentsAll VOO payments⁠

SCHD vs VOO Risk

Fall from peak · 5 years

SCHD
VOO

Risk facts

VolatilityStd dev, 3 years: SCHD 13.8%VOO 12.4%, better
Return per unit of riskSharpe ratio, 3 years: SCHD 0.79VOO 1.37, better
Worst fallMax drawdown, 5 years: SCHD −16.8%, betterVOO −24.5%
Market sensitivityBeta, 5 years: SCHD 0.58VOO 1.01; Market = 1

SCHD and VOO in the news

All news⁠

Deep Dive
SCHD tracks 100 U.S. stocks selected for dividends and financial strength
Oct 26, 2026SCHD
Head-to-Head
Take VTI over VOO unless you already own the rest of the market
Oct 23, 2026VOO
Head-to-Head
VOO has kept about a tenth of a percentage point a year more of the S&P 500 than SPY
Oct 23, 2026VOO
Head-to-Head
VOO vs. VOOG: the S&P 500 fund is the better default
Oct 23, 2026VOO
Head-to-Head
VOO is the better core fund. QQQ only wins as a Nasdaq-100 bet
Oct 23, 2026VOO
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026VOO

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