How should I interpret the expense ratio comparison?

The expense ratio represents the annual fee fund shareholders pay. SCHD has an exceptionally low expense ratio of 0.06%, whereas WDIV's is 0.40%. This 0.34 percentage-point difference can compound significantly over time, as lower fees leave more money invested to potentially grow. Always consider these costs relative to the fund's strategy and your long-term horizon.

What does 'Large Value' and 'Global Large-Stock Value' mean?

SCHD focuses on US Large Value stocks, aiming to invest in mature American companies considered undervalued relative to their fundamentals. WDIV targets Global Large-Stock Value, extending this valuation-focused approach to large companies worldwide. The former is geographically specific, while the latter includes broad international exposure, significantly differing their potential market drivers and economic sensitivities.

Why do ETF dividends matter, and how are yields different?

Dividend yield shows the annual payout relative to the share price. WDIV offers a higher current yield of 4.17% compared to SCHD's 3.11%. However, a higher yield is not always superior, as it depends on the underlying companies' ability to sustain payments. Investors should examine distribution consistency alongside the current percentage offered by each fund.

Which fund better suits a US dividend growth focus?

SCHD, launched in 2011, specifically targets US large-value companies with a focus on dividend growth potential, offering transparency in its top holdings such as Merck and AbbVie. Its $112.8 billion in net assets ensures strong liquidity. It is designed for investors primarily interested in the American large-cap value segment.

Which fund better suits a global dividend focus?

WDIV offers broad geographic diversification by investing in global large-value dividend-paying stocks, as evidenced by the extreme spread across its top 10 holdings with the largest at 1.58%. Inception occurred in 2013. It is often chosen for access to international markets, although its $285 million asset base represents less liquidity than SCHD.

How do the top-10 holdings compare in overlap?

Analysis of the top-10 holdings reveals very little overlap, indicating different portfolio compositions. The only common holding listed is Verizon (VZ). SCHD's top holdings are heavily weighted towards major US sectors like healthcare and consumer staples. WDIV's top positions appear more globally distributed, reflecting its mandate, with no specific sector data available to confirm the spread.

How do fund assets (AUM) influence trading?

SCHD holds substantial assets of $112.8 billion, which generally provides very deep liquidity and tight bid-ask spreads for traders. WDIV manages $285 million. While this smaller size allows for different strategy implementations, lower asset bases can lead to slightly higher trading costs due to reduced secondary market liquidity when compared to giant funds like SCHD.

What are the drawbacks of the shorter track record?

WDIV was established in May 2013, giving it a shorter operating history compared to SCHD, which launched in October 2011. While 2013 was post-financial crisis, a fund's inception date influences the total period available for observing its performance through various market cycles. SCHD provides approximately two years more track record data for historical analysis.

Why is sector allocation data unavailable?

For both funds, sector allocation data is currently not available in this comparison. Transparency regarding sector weightings is critical for investors attempting to gauge concentration risk or manage thematic exposure. Without this data, investors must rely on individual top-10 holding names to infer sector composition, which is an incomplete picture.

Are the index methodologies transparent?

The specific proprietary index methodologies tracked by either SCHD or WDIV are not available in this dataset. While SCHD has a proprietary methodology, the index name is absent. Understanding how each index selects and weights constituents is crucial to comprehending how these funds achieve their US or global large-value objectives.

SCHD vs WDIV

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

Compare SCHD and WDIV on this ETF page. We examine fees, holdings and dividends, and how each fund tracks its market. SCHD by Schwab (0.06% expense, $112.8bn) vs WDIV by SPDR (0.40% expense, $285m). Note: WDIV yields 4.17% vs SCHD's 3.11%. Sector data unavailable. Educational content, not financial advice.

Compare SCHD and WDIV on this ETF page. We examine fees, holdings and dividends, and how each fund tracks its market. SCHD by Schwab (0.06% expense, $112.8bn) vs WDIV by SPDR (0.40% expense, $285m). N...

Fund Snapshot

Key Fund Metrics

SCHD

Metric

WDIV

0.06%

Expense Ratio

0.40%

3.11%

Dividend Yield

4.17%

$112.77B

Net Assets

$284.53M

102

Holdings

125

Oct 20, 2011

Inception Date

May 29, 2013

–

Index Tracked

–

Large Value

Fund Category

Global Large-Stock Value

SCHD costs about $34.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHD	WDIV
VZVerizon Communications Inc.	3.95%	1.51%

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Investment Analysis

SCHD

Pros

Schwab offers an unusually low expense ratio of 0.06 percent.
The fund holds 112.8 billion dollars, supporting strong liquidity.
Ten-year performance reflects its October 2011 inception and established dividend history.

Considerations

The 3.11 percent dividend yield is lower than many income-focused alternatives.
Sector allocation data is not available, limiting transparency for sector-specific investors.
The fund follows a proprietary index methodology not named in the data.

WDIV

Pros

A 4.17 percent yield offers higher current income than the first fund.
Invests in global large value stocks, providing geographic diversification.
Extremely broad exposure with no single holding exceeding 1.58 percent.

Considerations

The 0.40 percent expense ratio is higher than the first fund.
Only 285 million dollars in assets reduces liquidity.
Since inception in 2013, the fund has a shorter track record.

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About SCHD and WDIV

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.

WDIV (WDIV)

SPDR S&P Global Dividend ETF (WDIV) is an exchange-traded fund designed to give investors exposure to a basket of dividend-paying companies around the world. It is structured to provide periodic income through distributions while offering the diversification benefits of an ETF wrapper. Investors should know that dividend levels vary with company profits and economic conditions, and past dividends are not a guarantee of future payments. As a globally focused ETF, WDIV introduces currency and geopolitical risks in addition to equity market volatility. Fees, tracking error and the fund’s selection methodology can influence returns. Market capitalisation figures for the ETF are not listed here. This information is general and educational only; it is not personal advice. Consider your investment objectives, risk tolerance and time horizon, and consult a professional before acting.

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Which Baskets Do They Appear In?

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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.

Published: 25 July 2025

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SCHD vs WDIV

Fund Snapshot