What is the fee difference between SCHD and SCHX?

SCHD charges 0.06% a year and SCHX charges 0.03%. On $10,000 invested that is about $6 for SCHD and $3 for SCHX, a difference of $3 a year. Both are among the cheapest ETFs available, so the choice depends on strategy rather than cost: dividend screening versus broad large-cap coverage.

What indexes do SCHD and SCHX track?

SCHD tracks the Dow Jones U.S. Dividend 100, which selects 100 US companies with at least ten years of dividend payments and strong quality metrics, giving 102 holdings. SCHX tracks the Dow Jones US Total Stock Market Large-Cap index, covering roughly the 750 largest US stocks weighted by market value.

Do SCHD and SCHX overlap in holdings?

Their top ten lists do not overlap. SCHD's largest positions are Merck, Abbott Laboratories, Amgen, Coca-Cola and Chevron. SCHX is led by NVIDIA, Apple, Microsoft, Amazon and Alphabet. Some SCHD names appear deeper in SCHX's 750 holdings, but at much smaller weights, so the two funds behave quite differently.

How do the dividend yields compare?

SCHD yields 3.12% while SCHX yields 1.00%. On $10,000 that is roughly $312 a year from SCHD versus $100 from SCHX before taxes. SCHX's lower yield reflects its heavy weighting in technology companies that pay small or no dividends, while SCHD is built specifically to hold reliable payers.

Which fund suits which goal?

SCHD suits investors who want dividend income and a tilt toward mature, cash-generating companies. SCHX suits investors who want to own the broad US large-cap market at minimal cost and are content with growth-driven returns. Investors often use SCHX as a core holding and SCHD as an income sleeve.

How do SCHD and SCHX compare on size?

SCHD is larger at $112.77 billion in net assets versus $73.93 billion for SCHX. Both are substantial Schwab funds that trade actively on US exchanges, so retail investors can buy and sell either without difficulty. Size differences at this level rarely affect an individual investor's experience.

Which fund is more concentrated?

SCHD has fewer holdings at 102, but its weights are capped so that the largest position, Merck, is 4.89% and the top ten sit between about 3.7% and 4.9% each. SCHX has 750 holdings but is cap-weighted, so NVIDIA at 7.69% and Apple at 7.16% dominate, and the top ten total around 37%.

What about taxes on SCHD versus SCHX?

SCHD's higher dividends can mean a larger taxable distribution each year in a standard brokerage account, depending on your country's rules. SCHX's return is mostly price appreciation, which is generally taxed only when you sell. Tax-advantaged accounts change the calculation. Check local rules or ask a tax adviser.

Can I hold both SCHD and SCHX?

Yes. Because their top holdings do not overlap, the pair covers different parts of the US market: SCHX for broad large-cap growth and SCHD for dividend-paying value. Holding both lets you decide how much of the portfolio should generate income versus track the overall market.

SCHD vs SCHX

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 dividend stocks from the Dow Jones U.S. Dividend 100 and yields 3.12%, while Schwab U.S. Large-Cap ETF (SCHX) holds 750 large-cap stocks and yields 1.00%. SCHD charges 0.06% and SCHX 0.03%. SCHD suits income investors; SCHX suits those who want broad large-cap exposure at the lowest cost. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHD

Metric

SCHX

0.06%

Expense Ratio

0.03%

3.12%

Dividend Yield

1.00%

$112.77B

Net Assets

$73.93B

102

Holdings

750

Oct 20, 2011

Inception Date

Nov 3, 2009

Dow Jones U.S. Dividend 100

Index Tracked

Dow Jones US Total Stock Market Large-Cap

Large Value

Fund Category

Large Blend

SCHX costs about $3.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

SCHD

Pros

Dividend yield of 3.12%, more than three times SCHX's 1.00%
Larger fund with $112.77 billion in net assets versus $73.93 billion
Quality screens favor established payers such as Merck, Abbott and Coca-Cola

Considerations

Only 102 holdings compared with 750 in SCHX
Expense ratio of 0.06% is double SCHX's 0.03%
Excludes the largest growth stocks such as NVIDIA, Apple and Microsoft

SCHX

Pros

Expense ratio of 0.03%, or $3 a year per $10,000 invested
Broad exposure to 750 large-cap US stocks across all sectors
Top holdings include NVIDIA at 7.69%, Apple at 7.16% and Microsoft at 5.35%

Considerations

Dividend yield of 1.00% offers only modest income for investors
Top ten holdings total about 37% of the fund, led by technology
Smaller than SCHD at $73.93 billion in net assets

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About SCHD and SCHX

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.

SCHX (SCHX)

Schwab US Large‑Cap ETF (SCHX) offers broad exposure to the largest US companies through a single, passively managed fund. It aims to replicate the performance of a large‑cap US equity index, providing diversified access to established names across multiple sectors. SCHX is positioned as a low‑cost core equity holding for investors seeking market‑capitalisation‑weighted large‑cap returns, and it trades on exchanges like a stock. Advantages include simplicity, intraday liquidity and typically lower fees than many active managers. However, like all equity ETFs, its value fluctuates with the market and past performance does not predict future results. SCHX may suit investors looking for long‑term US large‑cap exposure within a diversified portfolio, but it is general information only and not personalised investment advice—suitability depends on individual goals, time horizon and risk tolerance.

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SCHD vs SCHX

Fund Snapshot