What are DVY and SCHD?

DVY (iShares Select Dividend ETF) and SCHD (US Dividend Equity ETF Schwab) are exchange-traded funds. DVY focuses on mid-cap value stocks, while SCHD targets large value stocks. Both aim to provide dividend income but employ different strategies.

How do expense ratios work in ETFs?

Expense ratios are annual fees deducted from an ETF's assets to cover management and operational costs. Lower expense ratios can mean higher net returns over time. Comparing DVY and SCHD helps in understanding fee efficiency.

What does dividend yield mean?

Dividend yield indicates the annual dividend payment relative to the fund's price, expressed as a percentage. Higher yields suggest greater income generation. DVY and SCHD have distinct yields reflecting their investment strategies.

Which fund is cheaper: DVY or SCHD?

SCHD has a lower expense ratio at 0.06%, while DVY charges 0.38%. A 0.32% difference in fees can impact returns significantly over time. SCHD is generally more cost-efficient.

What sectors do DVY and SCHD focus on?

DVY and SCHD both include holdings in healthcare, consumer goods, and energy. However, SCHD has a stronger focus on large consumer staples and healthcare stocks like KO and MRK, while DVY includes mid-cap energy stocks such as OKE.

How do DVY and SCHD differ in dividend yield?

DVY has a dividend yield of 3.40%, higher than SCHD's 3.11%. DVY's focus on mid-cap value stocks might contribute to its slightly higher yield.

Which fund has been available longer: DVY or SCHD?

DVY was launched on November 3, 2003, whereas SCHD was launched on October 20, 2011. DVY has a longer track record, reflecting more market conditions experienced.

Which fund is larger: DVY or SCHD?

SCHD manages $112.8 billion, substantially larger than DVY's $23.1 billion. Larger asset bases can offer more liquidity but also might influence fund flexibility.

What holdings do DVY and SCHD have in common?

Both funds hold Verizon Communications (VZ) in their top 10 holdings. VZ represents 1.83% in DVY and 3.95% in SCHD. This indicates overlap in telecommunications exposure.

Which fund might be suitable for growth? SCHD or DVY?

SCHD, with its large-cap value focus, may better align with growth-oriented strategies, while DVY's mid-cap value emphasis suggests it may suit investors seeking more balanced income and moderate growth. Both provide dividend income; selection depends on personal goals.

What should I know before choosing between DVY and SCHD?

Review expense ratios, holdings overlap, and yield differences. Understand market exposure and potential returns. Educational content, not financial advice; consider consulting a financial professional for personalized guidance.

DVY vs SCHD

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares DVY (iShares Select Dividend ETF) and SCHD (US Dividend Equity ETF Schwab), covering fees, holdings, dividends, and tracking. DVY charges 0.38% with a 3.40% yield; SCHD charges 0.06% with a 3.11% yield. Note that index tracked data is not available for either fund. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

DVY

Metric

SCHD

0.38%

Expense Ratio

0.06%

3.40%

Dividend Yield

3.11%

$23.05B

Net Assets

$112.77B

104

Holdings

102

Nov 3, 2003

Inception Date

Oct 20, 2011

–

Index Tracked

–

Mid-Cap Value

Fund Category

Large Value

SCHD costs about $32.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	DVY	SCHD
VZVerizon Communications Inc.	1.83%	3.95%

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DVY vs SPYD

Compare DVY and SPYD on fees, holdings and dividends. See expense ratios of 0.38% vs 0.07% and yields of 3.40% vs 4.37% to decide which to research.

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Investment Analysis

DVY

Pros

Inception date Nov 3 2003.
No investment advice provided.
Data from reliable sources.

Considerations

Inception date Nov 3 2003.
No investment advice provided.
Data from reliable sources.

SCHD

Pros

Inception date Oct 20 2011.
No investment advice provided.
Data from reliable sources.

Considerations

Inception date Oct 20 2011.
No investment advice provided.
Data from reliable sources.

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About DVY and SCHD

DVY (DVY)

The iShares Select Dividend ETF (DVY) is an exchange-traded fund designed to provide investors with exposure to a portfolio of dividend-paying US equities. Classified within the Mid-Cap Value category, this fund holds approximately 104 companies, focusing on those with a history of consistent dividends. With an expense ratio of 0.38% and net assets of USD 23.05 billion, it offers a relatively accessible entry point for income-focused strategies. The fund currently reports a dividend yield of 3.40%. Launched in November 2003, DVY has established a long track record in the market. Investors should note that while dividends can provide income, the value of the fund and its distributions can fluctuate. As with any investment, past performance is not indicative of future results, and it is important to consider the inherent risks associated with equity markets.

SCHD (SCHD)

SCHD (Schwab US Dividend Equity ETF) is an exchange‑traded fund that aims to provide exposure to high-quality U.S. companies that have a history of paying dividends. Managed by Charles Schwab, the ETF screens for firms with stable earnings, reasonable payout ratios and consistent dividend records, concentrating on large‑cap names across a range of sectors. Investors often use SCHD for income and as a core holding to capture dividend yield with the diversification and liquidity of an ETF. It is designed to be a low‑cost, transparent vehicle, though dividends and share prices can fall and past performance is not a guarantee of future results. Suitable for investors seeking income and long‑term total return, it may not fit those focused solely on capital growth or who require guarantees. As with any investment, consider costs, tax treatment and how it fits your wider portfolio before investing.

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DVY vs SCHD

Fund Snapshot