What is the fee difference between SCHD and VOO?

SCHD charges 0.06% a year and VOO charges 0.03%. On $10,000 that is about $6 a year for SCHD and $3 for VOO, a difference of about $3. Both are low by industry standards, so the choice between them usually comes down to strategy rather than cost.

What does each fund track?

SCHD tracks the Dow Jones U.S. Dividend 100, an index of 100 US companies selected for dividend consistency and financial quality. VOO tracks the S&P 500, a broad index of large US companies weighted by market value. SCHD lists 102 holdings and VOO lists 516.

How much do SCHD and VOO overlap?

Very little at the top. SCHD's 10 largest holdings are Merck, Abbott, Amgen, Coca-Cola, Chevron, ConocoPhillips, Procter & Gamble, Verizon, UnitedHealth and Home Depot. VOO's top 10 is led by NVIDIA, Apple, Microsoft and Amazon. None of SCHD's top 10 appears in VOO's top 10, although all of them are S&P 500 members held further down in VOO.

Which pays more in dividends, SCHD or VOO?

SCHD, by a wide margin. Its dividend yield is 3.12% compared with 1.04% for VOO. On $10,000 that is roughly $312 a year from SCHD against $104 from VOO at current yields. Yields change as prices and payouts move, so these figures are a snapshot rather than a promise.

Which fund suits which goal?

SCHD suits investors who want a steady income stream from established US companies and who accept a value tilt. VOO suits investors who want the whole large-cap US market, including fast-growing technology companies, at the lowest possible cost. Many people hold VOO as a core position and add SCHD for income.

Which is bigger and more liquid?

VOO is far larger, with $1.08 trillion in net assets against $112.77 billion for SCHD. Both are very large funds by any standard, so retail investors can buy and sell either easily. SCHD's size also makes it one of the largest dividend-focused ETFs available.

How are dividends from SCHD and VOO taxed?

Both are US-listed ETFs, so non-US investors may face US withholding tax on dividends, with the rate set by your country's tax treaty. Because SCHD pays about three times the yield of VOO, the tax drag on its income is proportionally larger. Local rules and account types differ, so seek local advice.

Can I hold both SCHD and VOO?

Yes, and the pairing is common. The two funds have almost no overlap in their largest holdings, so combining them adds dividend-focused value stocks to a broad market core. The mix shifts your portfolio toward health care, consumer staples and energy and away from technology, which is worth understanding before you buy.

Why does SCHD hold so few stocks?

SCHD follows an index that screens US companies for at least 10 years of dividend payments and then ranks them on quality measures, keeping roughly 100 names. That focus is the point of the fund, but it means SCHD holds about a fifth as many stocks as VOO's 516 and skips most growth companies.

SCHD vs VOO

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

SCHD tracks the Dow Jones U.S. Dividend 100, holding 102 dividend payers such as Merck and Coca-Cola, with a 3.12% yield for 0.06% a year. VOO tracks the S&P 500 with 516 stocks led by NVIDIA and Apple, yielding 1.04% for 0.03%. SCHD suits investors who want regular income, while VOO suits those seeking broad US market exposure at the lowest cost. Educational content, not financial advice.

SCHD tracks the Dow Jones U.S. Dividend 100, holding 102 dividend payers such as Merck and Coca-Cola, with a 3.12% yield for 0.06% a year. VOO tracks the S&P 500 with 516 stocks led by NVIDIA and Appl...

Fund Snapshot

Key Fund Metrics

SCHD

Metric

VOO

0.06%

Expense Ratio

0.03%

3.12%

Dividend Yield

1.04%

$112.77B

Net Assets

$1.08T

102

Holdings

516

Oct 20, 2011

Inception Date

Sep 7, 2010

Dow Jones U.S. Dividend 100

Index Tracked

S&P 500

Large Value

Fund Category

Large Blend

VOO 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%, roughly three times the 1.04% paid by VOO.
Low 0.06% expense ratio for a screened, quality-focused dividend strategy.
Top holdings such as Merck, Abbott and Coca-Cola are established, cash-generating businesses.

Considerations

Only 102 holdings, so it misses most of the S&P 500 including NVIDIA and Apple.
Costs double VOO's expense ratio, at $6 versus $3 per $10,000 a year.
Value and dividend tilt can lag when large growth stocks lead the market.

VOO

Pros

Expense ratio of 0.03% is the lowest in this comparison.
Holds 516 stocks across the S&P 500, including the largest technology companies.
$1.08 trillion in net assets, nearly ten times the size of SCHD.

Considerations

Dividend yield of 1.04% is far lower than SCHD's 3.12%.
Top 10 holdings are about 38% of the fund and dominated by technology names.
Not designed for income, so payouts simply follow what S&P 500 companies distribute.

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About SCHD and VOO

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.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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SCHD vs VOO

Fund Snapshot