What is the fee difference between SCHD and VT?

There is none. Both SCHD and VT charge an expense ratio of 0.06% a year, about $6 on a $10,000 investment. Cost is therefore not a factor in choosing between them. The decision rests on what you want the fund to do: deliver US dividend income, or cover the whole global stock market.

What index does each fund track?

SCHD tracks the Dow Jones U.S. Dividend 100, which selects US companies with at least ten consecutive years of dividend payments and ranks them on financial quality and yield. VT tracks the FTSE Global All Cap Net Tax (US RIC) Index, covering large, mid and small companies in developed and emerging markets worldwide, including the US.

How much do the holdings of SCHD and VT overlap?

None of the ten largest holdings are shared. SCHD's top ten are Merck, Abbott, Amgen, Coca-Cola, Chevron, ConocoPhillips, Procter & Gamble, Verizon, UnitedHealth and Home Depot. VT's top ten are NVIDIA, Apple, Microsoft, Amazon, Alphabet, TSMC, Broadcom, Meta and Micron. Many SCHD names do sit inside VT at very small weights, given VT's 10,180 holdings.

Which fund pays more in dividends?

SCHD yields 3.12%, roughly double VT's 1.51%. SCHD is built specifically to hold established dividend payers, while VT holds the whole market, including growth companies that pay little or nothing. VT's yield is lifted somewhat by its international holdings, which tend to pay out more than US companies.

Which fund suits which investment goal?

SCHD suits investors whose priority is income from a portfolio of established US companies with a value tilt. VT suits investors who want maximum diversification in a single fund and do not want to decide how much to hold in the US versus the rest of the world. One is a targeted strategy, the other a whole-market core.

How do SCHD and VT compare on size and liquidity?

SCHD is the larger fund with about $112.8 billion in net assets, compared with about $81.2 billion for VT. Both are large, actively traded ETFs on US exchanges, so retail investors can buy and sell either during market hours with tight spreads.

Which fund is more diversified?

VT by a wide margin in breadth: about 10,180 holdings across dozens of countries against SCHD's 102 US stocks. SCHD, however, spreads its holdings more evenly at the top, with Merck the largest at 4.9%, while VT's largest position, NVIDIA, is 4.3% and its top ten are mainly US mega caps.

Are there tax differences between SCHD and VT?

Both are US-listed ETFs. Non-US investors generally pay US withholding tax on dividends at a treaty-dependent rate, and because SCHD yields 3.12% versus 1.51%, more of its return is taxable income each year. VT also bears foreign withholding on dividends from its non-US holdings. Rules vary by country and account type.

Can I hold both SCHD and VT?

Yes, and the combination is common. VT provides global, whole-market coverage, while SCHD adds US dividend income and a value tilt with no overlap in the top holdings. Holding both raises portfolio yield and increases US and value exposure relative to VT alone, which some investors want deliberately.

SCHD vs VT

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

SCHD holds 102 US dividend payers from the Dow Jones U.S. Dividend 100 and yields 3.12%. VT holds about 10,180 stocks from across the world, US and international, and yields 1.51%. Both charge 0.06% a year. SCHD suits investors who want US income from established companies; VT suits those who want one fund covering the entire global stock market. Educational content, not financial advice.

SCHD holds 102 US dividend payers from the Dow Jones U.S. Dividend 100 and yields 3.12%. VT holds about 10,180 stocks from across the world, US and international, and yields 1.51%. Both charge 0.06% a...

Fund Snapshot

Key Fund Metrics

SCHD

Metric

VT

0.06%

Expense Ratio

0.06%

3.12%

Dividend Yield

1.51%

$112.77B

Net Assets

$81.23B

102

Holdings

10,180

Oct 20, 2011

Inception Date

Jun 24, 2008

Dow Jones U.S. Dividend 100

Index Tracked

FTSE Global All Cap Net Tax (US RIC) Index

Large Value

Fund Category

Global Large-Stock Blend

Both funds charge the same annual fee.

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% is about double the 1.51% paid by VT
Larger fund at $112.8 billion in net assets
Holdings spread evenly, with no single stock above 5% of the fund

Considerations

Only 102 holdings, all US-listed, so no international diversification
Excludes the mega-cap technology names that lead VT's top ten
Value tilt means it can lag when growth stocks lead the market

VT

Pros

About 10,180 holdings across US, developed and emerging markets in one fund
Same low expense ratio of 0.06% as SCHD for global coverage
Includes NVIDIA, Apple, Microsoft and TSMC that SCHD does not hold

Considerations

Dividend yield of 1.51% is about half of SCHD's 3.12%
Smaller fund at $81.2 billion compared with $112.8 billion for SCHD
US mega caps still dominate the top ten despite the global mandate

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About SCHD and VT

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.

VT (VT)

Vanguard Total World Stock ETF (VT) is a passively managed exchange-traded fund that provides broad exposure to global equity markets by tracking a market-cap-weighted index covering developed and emerging economies and large-, mid- and small-cap companies. For investors, VT offers a simple, single-ticket way to own thousands of stocks worldwide, reducing the need to pick individual shares or multiple regional funds. As an ETF it trades like a share; note that market capitalisation is not normally applied to an ETF itself — assets under management and share price are more relevant. VT’s returns mirror the underlying index, less fees and trading costs, so it will rise and fall with global equity markets. Considerations include currency risk, sector and country concentration, ongoing charges and trading spreads. This information is general and educational, not personalised advice; suitability depends on your objectives, time horizon and tolerance for market volatility.

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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.

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SCHD vs VT

Fund Snapshot