What is the fee difference between SCHD and SCHV?

SCHD charges 0.06% a year and SCHV charges 0.04%. On $10,000 invested that is about $6 for SCHD and $4 for SCHV, a gap of $2 a year. Both are very low-cost funds, so the decision rests on strategy: a concentrated dividend screen in SCHD versus a broad value index in SCHV.

What indexes do SCHD and SCHV track?

SCHD tracks the Dow Jones U.S. Dividend 100, which selects 100 US stocks with long dividend records and strong quality metrics, for 102 holdings. SCHV tracks the Dow Jones US Total Stock Market Large-Cap Value index, holding 559 large US companies classified as value stocks based on measures such as price-to-book and earnings.

Do SCHD and SCHV overlap in holdings?

Only slightly at the top. Chevron appears in both top ten lists, at 4.25% in SCHD and 1.26% in SCHV. Otherwise SCHD is led by Merck, Abbott, Amgen and Coca-Cola, while SCHV is led by Micron, JPMorgan, Berkshire Hathaway and ExxonMobil. Many SCHD names sit further down SCHV's 559 holdings at small weights.

How do the dividend yields compare?

SCHD yields 3.12% while SCHV yields 1.79%. On $10,000 that is roughly $312 a year from SCHD versus $179 from SCHV before taxes. SCHD's index is built specifically around dividend payers, whereas SCHV selects on value characteristics, so some of its holdings pay little or no dividend.

Which fund suits which goal?

SCHD suits investors whose main goal is dividend income from established companies. SCHV suits investors who want a broad value tilt, including financials like JPMorgan and Berkshire Hathaway, without a strict dividend requirement. Investors who want both income and wide value coverage sometimes hold the two together.

How do SCHD and SCHV compare on size?

SCHD is much larger with $112.77 billion in net assets, compared with $16.91 billion for SCHV. Both are Schwab ETFs listed on US exchanges and trade in sufficient volume for retail investors. SCHD's size reflects its popularity with income-focused investors over the past decade.

Which fund is more concentrated?

SCHD holds 102 stocks with the largest, Merck, at 4.89% and the top ten each between about 3.7% and 4.9%. SCHV holds 559 stocks with the largest, Micron, at 3.52% and the top ten between about 1.3% and 3.5%. SCHV is therefore more diversified by count and by top-position weight.

What about taxes on SCHD versus SCHV?

SCHD's higher yield means larger annual distributions, which may be taxable each year in a standard brokerage account depending on your country's rules. SCHV's lower yield means more of its return arrives as price change, taxed on sale. Account type matters a great deal, so check your local rules or ask a tax adviser.

Can I hold both SCHD and SCHV?

Yes. The funds share only Chevron in their top ten, so holding both gives you a concentrated dividend portfolio plus a broad value index. The main thing to watch is total exposure to sectors like energy and health care, which feature in both. Decide the split based on how much income you want.

SCHD vs SCHV

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

Schwab US Dividend Equity ETF (SCHD) holds 102 stocks from the Dow Jones U.S. Dividend 100 and yields 3.12%, while Schwab U.S. Large-Cap Value ETF (SCHV) holds 559 value stocks and yields 1.79%. SCHD charges 0.06% a year and SCHV 0.04%. Chevron appears in both top ten lists. SCHD suits income seekers; SCHV suits investors who want broader value exposure. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHD

Metric

SCHV

0.06%

Expense Ratio

0.04%

3.12%

Dividend Yield

1.79%

$112.77B

Net Assets

$16.91B

102

Holdings

559

Oct 20, 2011

Inception Date

Dec 11, 2009

Dow Jones U.S. Dividend 100

Index Tracked

Dow Jones US Total Stock Market Large-Cap Value

Large Value

Fund Category

Large Value

SCHV costs about $2.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHD	SCHV
CVXChevron Corporation	4.25%	1.26%

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Investment Analysis

SCHD

Pros

Dividend yield of 3.12% versus 1.79% for SCHV
Much larger fund with $112.77 billion in net assets versus $16.91 billion
Quality and dividend screens favor names like Merck, Abbott and Coca-Cola

Considerations

Only 102 holdings, less than a fifth of SCHV's 559
Expense ratio of 0.06% is slightly above SCHV's 0.04%
Excludes many large value names such as JPMorgan and Berkshire Hathaway

SCHV

Pros

Lower expense ratio of 0.04%, or $4 a year per $10,000 invested
Broader diversification across 559 large-cap value stocks rather than 102
Top holdings include JPMorgan, Berkshire Hathaway and ExxonMobil

Considerations

Dividend yield of 1.79% is well below SCHD's 3.12%
Smaller fund at $16.91 billion in net assets
Largest holding is Micron Technology at 3.52%, an unusual name for a value fund

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About SCHD and SCHV

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.

SCHV (SCHV)

SCHV (Schwab US Large‑Cap Value ETF) is an exchange‑traded fund that seeks to track the Dow Jones U.S. Large‑Cap Value Total Stock Market Index, providing diversified exposure to large‑capitalisation U.S. companies classified as value stocks. Managed by Charles Schwab, the ETF is designed for passive, cost‑efficient investing and typically offers regular income through dividends. It can serve as a way to tilt a portfolio toward value characteristics—such as lower valuation multiples or higher dividend yields—rather than growth. Investors should note that ETFs are pooled instruments (so a single market‑cap figure for the ETF itself is not applicable in the same way as for a company), and performance depends on the underlying index and market conditions. Value styles can underperform growth for extended periods and returns are not guaranteed. This summary is educational only and not personalised financial advice; suitability depends on individual objectives and risk tolerance.

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SCHD vs SCHV

Fund Snapshot