How do I compare the expense ratios of SCHD and SPYV?

SCHD has an expense ratio of 0.06%, while SPYV has an expense ratio of 0.04%. This means SPYV is 0.02 percentage points cheaper to hold. The expense ratio represents the annual fee deducted from the fund's assets to cover management and operational costs. Although the difference appears small, lower fees can positively impact long-term net returns, as less money is withdrawn from your investment portfolio over time.

Why is it important to note that the index tracked is not available?

Knowing the specific index is crucial for understanding a fund's methodology and strategy. For both SCHD and SPYV, the data indicates that the tracked index is currently not available. Without this specific index detail, investors cannot assess the exact screening criteria, such as dividend consistency for SCHD or value factors for SPYV. Investors should review official fund documents to fully understand how each portfolio is constructed.

What does net assets indicate when comparing these funds?

Net assets, or Assets Under Management (AUM), reflect the total market value of the investments held by a fund. SCHD reports $112.8 billion in net assets, whereas SPYV reports $36.3 billion. Larger assets can contribute to stability and liquidity, potentially reducing trading costs. However, size does not guarantee performance. It simply indicates the fund's current scale and the total capital entrusted by investors for these specific ETFs.

Which fund has a higher dividend yield?

SCHD offers a dividend yield of 3.11%, which is higher than SPYV's yield of 1.69%. A dividend yield is calculated by dividing the annual dividend payment by the current share price. For income-focused investors, a higher yield like SCHD's may be more attractive for generating cash flow. Conversely, SPYV's lower yield reflects the specific composition of its underlying holdings and its exposure to companies that may prioritise capital appreciation over dividends.

Are there similarities between the top holdings of SCHD and SPYV?

Yes, there is some overlap in the top ten holdings. Both funds list Merck & Co Inc (MRK) and Chevron Corp (CVX) as significant components. However, the weightings differ. MRK is 4.89% of SCHD but only 1.22% of SPYV. CVX is 4.25% of SCHD versus 1.39% of SPYV. While they share these stocks, the portfolio concentration and overall sector diversification differ based on each fund's specific strategy.

How do the top holdings reflect different strategies?

SCHD's top holdings, including ABT, AMGN, and KO, suggest a focus on stable, blue-chip companies with a history of paying dividends. In contrast, SPYV's top holdings include Apple (AAPL) at 8.24% and Amazon (AMZN), which is notable for a value-oriented ETF. This indicates that SPYV tracks a broader value index that still includes large-cap technology and growth-oriented companies alongside traditional value stocks, whereas SCHD is more strictly focused on the dividend equity methodology.

Do these funds have different historical track records?

Yes, their inception dates differ significantly. SPYV was launched on 25 September 2000, giving it a track record spanning more than two decades. SCHD was launched on 20 October 2011, making it approximately eleven years newer. A longer track record can provide more historical data points for analysing performance during various market cycles, though past performance is not indicative of future results.

Are the sector weights provided for comparison?

No, sector weight data is currently not available for either SCHD or SPYV in the provided information. Sector weights are essential for understanding how diversified a fund is across the economic spectrum, such as healthcare, energy, and consumer staples. Without this data, investors cannot assess potential concentration risks, although SCHD's top holdings hint at significant healthcare and energy exposure, while SPYV's inclusion of major tech companies suggests a different mix.

What category do both funds fall under?

Both SCHD and SPYV are categorised as Large Value. This classification suggests that both funds primarily invest in large-capitalisation companies considered to be undervalued or priced below their intrinsic value compared to the broader market. While they share this broad categorisation, their specific holdings and yields differ, as SCHD focuses on dividend equity and SPYV tracks S&P 500 Value criteria.

What should investors consider regarding the issuers?

The issuers are distinct: SCHD is provided by Schwab, while SPYV is issued by SPDR (State Street). Both are major financial institutions with established reputations in asset management. When comparing funds, considering the issuer can provide context regarding the fund's operational backing, liquidity, and history of management, though the specific fund strategy (dividend versus value index tracking) is usually a more direct differentiator.

SCHD vs SPYV

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

Compare the US Dividend Equity ETF (SCHD) with the SPDR Portfolio S&P 500 Value ETF (SPYV). This page contrasts their expenses, holdings, dividends and how each tracks its market, noting SCHD’s 3.11% yield and $112.8 billion assets alongside SPYV’s 1.69% yield and $36.3 billion. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHD

Metric

SPYV

0.06%

Expense Ratio

0.04%

3.11%

Dividend Yield

1.69%

$112.77B

Net Assets

$36.32B

102

Holdings

438

Oct 20, 2011

Inception Date

Sep 25, 2000

–

Index Tracked

–

Large Value

Fund Category

Large Value

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

Shared Top Holdings

Holding	SCHD	SPYV
MRKMerck & Co., Inc.	4.89%	1.22%
CVXChevron Corporation	4.25%	1.39%

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Investment Analysis

SCHD

Pros

SCHD has a very low expense ratio of 0.06%.
The fund has grown to large net assets of $112.8 billion.
SCHD offers a substantial dividend yield of 3.11%.

Considerations

The tracked index methodology is currently not available.
Top holdings show some concentration in the healthcare sector.
Specific sector weight data is not available for assessment.

SPYV

Pros

SPYV features an extremely low expense ratio of 0.04%.
The fund has net assets of $36.3 billion, indicating stability.
Its inception date of Sep 25, 2000 shows long track record.

Considerations

SPYV's dividend yield is lower at 1.69%.
Holdings include technology and growth companies alongside value stocks.
The tracked index details are currently not available.

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About SCHD and SPYV

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.

SPYV (SPYV)

The SPDR Portfolio S&P 500 Value ETF is designed to provide investors with exposure to large-capitalisation companies that are considered value-oriented. This fund seeks to track the performance of the S&P 500 Value Index, which includes a subset of the broader S&P 500 index. With a very low expense ratio of 0.04%, it is an affordable option for those looking to diversify their portfolios. The fund holds 438 different stocks and currently has net assets of USD 36.32 billion. Investors should note that while the fund has a dividend yield of 1.69%, there is no guarantee of returns, and the value of investments can fluctuate. It is important to consider your own risk tolerance and investment objectives before making any investment decisions.

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SCHD vs SPYV

Fund Snapshot