What is the fee difference between SCHD and SCHY?

SCHD charges 0.06% a year and SCHY charges 0.08%. On $10,000 that is about $6 for SCHD and $8 for SCHY, a $2 gap. Both are inexpensive for dividend-focused funds, and SCHY's slightly higher fee reflects the extra cost of holding stocks across many foreign exchanges.

What does each fund track?

SCHD tracks the Dow Jones U.S. Dividend 100, which screens US companies for dividend history and financial quality. SCHY tracks the Dow Jones International Dividend 100 index, which applies a similar approach to companies outside the United States. SCHD lists 102 holdings and SCHY lists 133.

Do SCHD and SCHY overlap?

No. SCHD holds only US companies and SCHY holds only non-US companies, so the two funds have no shared holdings. SCHD's top names include Merck, Abbott and Coca-Cola. SCHY's top names include Unilever, Roche, DHL, GSK, Eni, TotalEnergies and BHP.

Which pays a higher dividend?

SCHY shows a dividend yield of 3.39% and SCHD 3.12%, so SCHY is slightly ahead. International markets often include more high-payout companies in energy, telecoms and consumer goods. SCHY's income is collected in several currencies and paid out in US dollars, so exchange rates affect the amount you receive.

Which fund suits which goal?

SCHD suits investors who want income from established US companies in a large, well-traded fund. SCHY suits those who want to diversify their dividend income across countries and currencies. Many investors treat SCHY as a complement to SCHD rather than a replacement, since together they cover both US and international dividend payers.

How do SCHD and SCHY compare on size and liquidity?

SCHD is one of the largest dividend ETFs anywhere, with $112.77 billion in net assets. SCHY is far smaller at $2.6 billion, though still a substantial fund. Both trade on US exchanges and are accessible to retail investors, but SCHD's size means tighter spreads and heavier daily volume.

How are dividends from SCHD and SCHY taxed?

Both are US-listed, so non-US investors may face US withholding tax on distributions. SCHY's holdings also pay dividends from many countries, each with its own withholding rules, before the fund passes them on. Your own country's treaties and account type decide the final treatment, so seek local advice.

Can I hold both SCHD and SCHY?

Yes, and that is how Schwab positioned the two funds. Holding both gives you roughly 235 dividend-paying companies across the US and the rest of the world with no overlap between them. The balance you choose sets how much of your dividend income depends on the US market versus foreign markets.

Does SCHY's short track record matter?

SCHY launched in April 2021, so it has traded through fewer market cycles than SCHD, which dates from October 2011. The rules-based index means the strategy is transparent, but investors have less history to judge how the fund behaves in different conditions. Its smaller size also reflects that shorter time in the market.

SCHD vs SCHY

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

SCHD and SCHY are sibling Schwab dividend ETFs that split the world in two. SCHD tracks the Dow Jones U.S. Dividend 100 with 102 US stocks such as Merck and Coca-Cola, yields 3.12% and costs 0.06% a year. SCHY tracks the Dow Jones International Dividend 100 with 133 non-US stocks such as Unilever and Roche, yields 3.39% and costs 0.08%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHD

Metric

SCHY

0.06%

Expense Ratio

0.08%

3.12%

Dividend Yield

3.39%

$112.77B

Net Assets

$2.60B

102

Holdings

133

Oct 20, 2011

Inception Date

Apr 29, 2021

Dow Jones U.S. Dividend 100

Index Tracked

Dow Jones International Dividend 100 Index

Large Value

Fund Category

Foreign Large Value

SCHD costs about $2.00 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

Expense ratio of 0.06%, or $6 a year per $10,000, the lower of the pair.
Very large fund with $112.77 billion in net assets and a record back to 2011.
Holds 102 US dividend payers such as Merck, Abbott, Amgen and Coca-Cola.

Considerations

US-only, so no exposure to dividend companies in Europe, Asia or elsewhere.
Dividend yield of 3.12% is a little below SCHY's 3.39%.
Only 102 holdings, so it skips most large US growth companies.

SCHY

Pros

Dividend yield of 3.39%, slightly higher than SCHD's 3.12%.
Holds 133 non-US dividend payers including Unilever, Roche, DHL and GSK.
Low 0.08% expense ratio for an international dividend strategy.

Considerations

Much smaller fund at $2.6 billion in net assets versus $112.77 billion for SCHD.
Short history, with an inception date of April 2021.
Returns and income are affected by currency moves and foreign withholding taxes.

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About SCHD and SCHY

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.

SCHY (SCHY)

Schwab International Dividend Equity ETF (SCHY) is an exchange-traded fund designed to offer investors exposure to dividend-paying companies located outside the United States, primarily in developed markets. The fund aims to provide income through regular distributions while also offering geographic diversification away from US equities. As an ETF, SCHY trades like a stock on exchanges and holds a basket of international equities that meet its dividend criteria. Investors should be aware that returns depend on both dividend payments and market price movements; dividends are not guaranteed and may be cut. Currency fluctuations, geopolitical events and differing corporate governance standards can add volatility versus domestic funds. This information is general and educational only and is not personal financial advice — consider whether the ETF’s objectives, risk profile and fees suit your needs before investing.

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SCHD vs SCHY

Fund Snapshot