SCHD vs VOO: which ETF is better?
Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard S&P 500 ETF (VOO) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- SCHD and VOO have low overlap: 8% of each fund by weight sits in the same holdings.
- VOO is cheaper at 0.03% a year against 0.06% for SCHD, about $3 less in fees per $10,000 invested each year.
- Over the last 10 years, VOO returned an average of 15.3% a year against 13.6% for SCHD, with dividends reinvested.
- VOO is more diversified, with 503 holdings against 99 in SCHD.
- SCHD pays more income, yielding 3.00% over the last 12 months against 1.10% for VOO.
- Overlap by weight
- 7.6%
- Shared holdings
- 45
| SCHD | VOO | |
|---|---|---|
| Name | Schwab U.S. Dividend Equity ETF | Vanguard S&P 500 ETF |
| Issuer | Schwab | Vanguard |
| Listed on | NYSE Arca · USD | NYSE Arca · USD |
| Expense ratio | 0.06% | 0.03% |
| Assets (AUM) | $120B | $1.0T |
| Launched | Oct 20, 2011 | Sep 7, 2010 |
| Holdings | 99 | 503 |
| Dividend yield (12m) | 3.00% · quarterly | 1.10% · quarterly |
| Asset class | Equity | Large Cap Equity |
| Annualised return | SCHD | VOO |
|---|---|---|
| 1 year | +37.3% | +11.0% |
| 3 years | +18.9% | +20.6% |
| 5 years | +9.8% | +11.0% |
| 10 years | +13.6% | +15.3% |
| Volatility | 13.2% | 15.0% |
| Max drawdown | -33.4% | -34.0% |
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 | SCHD | VOO |
|---|---|---|
| CVXCHEVRON | 3.95% | 0.61% |
| MRKMERCK & CO INC | 3.81% | 0.54% |
| PGPROCTER & GAMBLE | 4.45% | 0.51% |
| KOCOCA-COLA | 4.27% | 0.51% |
| UNHUNITEDHEALTH GROUP | 3.89% | 0.50% |
| HDHOME DEPOT | 4.32% | 0.43% |
| TXNTEXAS INSTRUMENT | 4.29% | 0.39% |
| AMGNAMGEN INC | 4.09% | 0.35% |
| QCOMQUALCOMM | 3.63% | 0.30% |
| VZVERIZON COMMUNICATIONS INC | 3.61% | 0.29% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("SCHD","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("SCHD","2016-10-01",TODAY(),"dailyAdj")=SF("VOO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VOO","2016-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 7, 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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SCHD vs VOO: frequently asked questions
How much do SCHD and VOO overlap?
7.6% by weight. They share 45 holdings, and that share of each fund is invested in exactly the same positions. They cover quite different parts of the market.
Is SCHD or VOO cheaper?
VOO is cheaper. SCHD's expense ratio is 0.06% a year and VOO's is 0.03%, so on $10,000 you'd pay about $6 and $3 a year.
Which has performed better, SCHD or VOO?
Over the last 10 years, VOO has. SCHD returned 13.6% and VOO 15.3% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, SCHD or VOO?
SCHD does. Over the last 12 months SCHD yielded 3.00%, paid quarterly, and VOO 1.10%, paid quarterly.
Should I hold both SCHD and VOO?
They overlap by 8%, 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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