DGRO vs SCHD: which ETF is better?
iShares Core Dividend Growth ETF (DGRO) and Schwab U.S. Dividend Equity ETF (SCHD) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- DGRO and SCHD have moderate overlap: 21% of each fund by weight sits in the same holdings.
- SCHD is cheaper at 0.06% a year against 0.08% for DGRO, about $2 less in fees per $10,000 invested each year.
- Over the last 10 years, DGRO returned an average of 14.1% a year against 13.6% for SCHD, with dividends reinvested.
- DGRO is more diversified, with 392 holdings against 99 in SCHD.
- SCHD pays more income, yielding 3.00% over the last 12 months against 1.87% for DGRO.
- Overlap by weight
- 21.3%
- Shared holdings
- 32
| DGRO | SCHD | |
|---|---|---|
| Name | iShares Core Dividend Growth ETF | Schwab U.S. Dividend Equity ETF |
| Issuer | IShares | Schwab |
| Listed on | NYSE Arca · USD | NYSE Arca · USD |
| Expense ratio | 0.08% | 0.06% |
| Assets (AUM) | $44.7B | $120B |
| Launched | Jun 10, 2014 | Oct 20, 2011 |
| Holdings | 392 | 99 |
| Dividend yield (12m) | 1.87% · quarterly | 3.00% · quarterly |
| Asset class | Equity | Equity |
| Annualised return | DGRO | SCHD |
|---|---|---|
| 1 year | +20.6% | +37.3% |
| 3 years | +19.6% | +18.9% |
| 5 years | +10.7% | +9.8% |
| 10 years | +14.1% | +13.6% |
| Volatility | 11.8% | 13.2% |
| Max drawdown | -35.1% | -33.4% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | DGRO | SCHD |
|---|---|---|
| PGPROCTER & GAMBLE | 2.53% | 4.45% |
| HDHOME DEPOT | 2.22% | 4.32% |
| KOCOCA-COLA | 1.97% | 4.27% |
| PEPPEPSICO | 1.84% | 3.99% |
| UNHUNITEDHEALTH GROUP | 1.82% | 3.89% |
| MRKMERCK & CO INC | 1.79% | 3.81% |
| AMGNAMGEN INC | 1.26% | 4.09% |
| ACNACCENTURE PLC CLASS A | 1.24% | 3.87% |
| ABTABBOTT LABORATORIES | 1.00% | 4.04% |
| COPCONOCOPHILLIPS | 0.89% | 3.88% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("DGRO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("DGRO","2016-10-01",TODAY(),"dailyAdj")=SF("SCHD","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("SCHD","2016-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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DGRO vs SCHD: frequently asked questions
How much do DGRO and SCHD overlap?
21.3% by weight. They share 32 holdings, and that share of each fund is invested in exactly the same positions. They cover quite different parts of the market.
Is DGRO or SCHD cheaper?
SCHD is cheaper. DGRO's expense ratio is 0.08% a year and SCHD's is 0.06%, so on $10,000 you'd pay about $8 and $6 a year.
Which has performed better, DGRO or SCHD?
Over the last 10 years, DGRO has. DGRO returned 14.1% and SCHD 13.6% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, DGRO or SCHD?
SCHD does. Over the last 12 months DGRO yielded 1.87%, paid quarterly, and SCHD 3.00%, paid quarterly.
Should I hold both DGRO and SCHD?
They overlap by 21%, so holding both does spread your money more widely than either alone. Whether that suits you depends on the mix you want. This is general information, not advice.
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