HDV vs SCHD
Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.
HDV tracks the Morningstar Dividend Yield Focus Index with 81 holdings for a 0.08% expense ratio, while SCHD tracks the Dow Jones U.S. Dividend 100 with 102 holdings for 0.06%. SCHD yields 3.12% against HDV's 2.98% and is far larger at about $113 billion versus $15.6 billion. HDV suits investors who want heavier energy weights; SCHD suits broader dividend exposure. Educational content, not financial advice.
HDV tracks the Morningstar Dividend Yield Focus Index with 81 holdings for a 0.08% expense ratio, while SCHD tracks the Dow Jones U.S. Dividend 100 with 102 holdings for 0.06%. SCHD yields 3.12% again...
Investment Analysis
HDV
HDV
Pros
- Screens for financially healthy companies with sustainable, above-average yields
- Concentrated 81-stock portfolio gives clear exposure to large defensive names
- Holds ExxonMobil at 8.22% and Chevron at 6.55%, a strong energy income tilt
Considerations
- Expense ratio of 0.08% is slightly above SCHD's 0.06%
- Dividend yield of 2.98% is a little lower than SCHD's 3.12%
- Top two energy holdings alone are almost 15% of the fund
SCHD
SCHD
Pros
- Expense ratio of 0.06%, about $6 a year per $10,000 invested
- Dividend yield of 3.12% from companies with at least ten years of payments
- About $113 billion in net assets, roughly seven times the size of HDV
Considerations
- Only 102 holdings, so still a concentrated portfolio by broad-market standards
- Excludes most large technology companies that drive market returns
- Top holding Merck at 4.89% shows a heavy healthcare weight
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