What defines a large value ETF?

A large value ETF focuses on established companies that often trade at lower price-to-earnings ratios, prioritising financial metrics like earnings and dividends over high growth potential. In this comparison, both SCHD and VOOV are categorised as Large Value funds. SCHD specifically targets dividend-paying equities with strong fundamentals, whereas VOOV tracks the value segment of the S&P 500, emphasising stability and income generation characteristics.

How do the net assets of the two ETFs compare?

Net assets indicate the total market value of all shares held by the fund, influencing liquidity and operational stability. According to the provided data, SCHD holds $112.8 billion in net assets, reflecting its extensive size and wide adoption. In contrast, VOOV reports $6.7 billion in net assets, which is significantly smaller. This substantial difference in asset size suggests SCHD may offer greater liquidity for large-scale trading activities, whereas VOOV remains a robust but smaller alternative.

What are the differences in their expense ratios?

The expense ratio represents the annual operating cost deducted from the fund's assets. SCHD charges a low annual fee of 0.06%, while VOOV has a competitive fee of 0.07%. Although the difference is merely 0.01 percentage points, such costs directly impact net returns over time. Both fees are considered very low for ETFs, but investors may analyse the minimal variance in cost as one factor alongside other characteristics like holdings and yield to understand the overall fee structure differences.

Which fund provides higher income potential?

Yield serves as a proxy for potential income distribution. SCHD offers a dividend yield of 3.11%, indicating a focus on income-generating equities. Conversely, VOOV presents a dividend yield of 1.65%, reflecting a value strategy that balances yield with capital appreciation. A higher yield suggests more income relative to the price but does not guarantee total return. Understanding how yields relate to distributions clarifies which fund suits an income-oriented approach versus a balanced value approach.

How do their inception dates compare?

Inception dates highlight the operational history of each fund. VOOV launched earlier, on 7 September 2010, while SCHD commenced trading on 20 October 2011. The difference of just over a year indicates both ETFs have existed for more than a decade. This timeframe provides a long-term perspective on their market presence, allowing investors to view them as established products rather than new offerings.

How does dividend distribution work for ETFs?

ETFs collect dividends from their underlying holdings and distribute the accumulated income to shareholders, typically on a quarterly basis. For instance, SCHD’s 3.11% yield reflects its ability to pay out substantial dividends. VOOV’s 1.65% yield works similarly, representing its payout level. Distribution reinvestment or direct cash payments depend on investor preference, but the fund’s mechanism remains consistent for both entities, distributing accumulated dividends rather than stock splits.

What are the shared top-10 holdings?

Despite their different strategies, both ETFs exhibit some portfolio overlap. In the top ten holdings for SCHD and VOOV, two stocks appear in both lists: Merck (MRK) and Chevron (CVX). Merck constitutes 4.89% of SCHD, while it is a smaller 1.21% in VOOV. Chevron appears in SCHD at 4.25% and VOOV at 1.28%. This overlap indicates that while strategies diverge, both funds include major healthcare and energy companies, creating partial portfolio correlation.

Do these funds track specific market indices?

Index tracking data is not available in the provided dataset for these funds. Consequently, it is impossible to confirm the specific benchmarks or index methodologies these ETFs replicate. This lack of information means we cannot verify whether they track the Dow Jones U.S. Dividend 100 Index or the S&P 500 Value Index, or any other standard. Investors should consult additional documentation to clarify how the underlying index is managed for each fund.

SCHD vs VOOV

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

Compare SCHD (US Dividend Equity) and VOOV (S&P 500 Value). This page reviews fees, holdings and dividend yields, noting how each Large Value fund tracks its market segment. Explore the differences between Schwab's $112.8bn fund and Vanguard's $6.7bn option. Educational content, not financial advice.

Compare SCHD (US Dividend Equity) and VOOV (S&P 500 Value). This page reviews fees, holdings and dividend yields, noting how each Large Value fund tracks its market segment. Explore the differences be...

Fund Snapshot

Key Fund Metrics

SCHD

Metric

VOOV

0.06%

Expense Ratio

0.07%

3.11%

Dividend Yield

1.65%

$112.77B

Net Assets

$6.69B

102

Holdings

450

Oct 20, 2011

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Value

Fund Category

Large Value

SCHD costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHD	VOOV
MRKMerck & Co., Inc.	4.89%	1.21%
CVXChevron Corporation	4.25%	1.28%

Discover More Comparisons

SCHD vs VOO

SCHD vs VOO: SCHD yields 3.12% from 102 dividend stocks for 0.06% a year, VOO tracks the S&P 500 for 0.03%. Compare fees, holdings and yield.

SCHD vs VPU

Compare SCHD vs VPU ETF fees, holdings, dividends and tracking. Review SCHD's 0.06% versus VPU's 0.09% expense ratios and distinct top ten stock positions.

SCHD vs VTV

Compare SCHD and VTV ETFs on expense ratios, net assets and dividend yields. Review top holdings and track record details in this neutral comparison.

Investment Analysis

SCHD

Pros

Schwab U.S. Dividend Equity ETF charges a low annual fee of 0.06%.
It has accumulated large net assets of $112.8 billion, supporting investor confidence.
Top holdings include 4.89% Merck and 4.48% Abbott, providing sector diversification.

Considerations

Dividend yield sits modestly at 3.11%.
Index methodology is not available in the provided fund data.
Concentrated exposure to healthcare and energy stocks within its dividend mandate.

VOOV

Pros

Vanguard S&P 500 Value ETF charges a competitive 0.07% expense ratio.
It tracks a widely recognised large value strategy with $6.7 billion in net assets.
Top holdings include 7.72% Apple, offering exposure to major technology stocks.

Considerations

Dividend yield remains low at 1.65%.
Index tracked is not available from the provided dataset.
Heavy weighting towards Apple may reduce value exposure and increase concentration risk.

Related Market Insights

Capital Returns: The Shareholder Yield Play

Explore Capital Returns, a Neme focused on companies rewarding shareholders via buybacks & dividends. Invest in robust firms like Schwab with Nemo's thematic baskets.

Aimee Silverwood | Financial Analyst

25 July 2025

Read Insight

Related Market Insights

Capital Returns: The Shareholder Yield Play

Explore Capital Returns, a Neme focused on companies rewarding shareholders via buybacks & dividends. Invest in robust firms like Schwab with Nemo's thematic baskets.

Aimee Silverwood | Financial Analyst

25 July 2025

Read Insight

About SCHD and VOOV

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.

VOOV (VOOV)

Which Baskets Do They Appear In?

Capital Returns: The Shareholder Yield Play

Following Charles Schwab's massive $20 billion stock buyback and dividend increase, this theme focuses on other financially robust companies that are similarly rewarding their investors. The strategy is to invest in firms with strong cash flows and a commitment to returning capital to shareholders.

Published: 25 July 2025

Explore Basket

Which Baskets Do They Appear In?

Capital Returns: The Shareholder Yield Play

Following Charles Schwab's massive $20 billion stock buyback and dividend increase, this theme focuses on other financially robust companies that are similarly rewarding their investors. The strategy is to invest in firms with strong cash flows and a commitment to returning capital to shareholders.

Published: 25 July 2025

Explore Basket

SCHD vs VOOV

Fund Snapshot