DVY vs SCHD
DVY vs SCHD
iShares Select Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | DVY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.06% | |
| AUM | $23.8B | $103.7B | |
| Dividend Yield | 3.37% | 3.31% | |
| Holdings | 105 | 104 | |
| YTD Return | +15.29% | +24.26% | |
| 1Y Return | +22.62% | +31.38% | |
| 3Y Return (annualized) | +15.89% | +15.08% | |
| 5Y Return (annualized) | +10.39% | +9.72% | |
| Volatility (annualized) | 14.8% | 13.6% | |
| Max Drawdown | -65.2% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 3, 2003 | Oct 20, 2011 |
DVY vs SCHD Performance
iShares Select Dividend ETF (DVY) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DVY returned +22.62% while SCHD returned +31.38%. Year to date, DVY is up 15.29% versus a gain of 24.26% for SCHD.
Over three years, DVY compounded at +15.89% per year against +15.08% for SCHD; over five years the annualized figures are +10.39% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +6.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVY has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -65.2% for DVY and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVY charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period. On income, DVY currently yields 3.37% against 3.31% for SCHD.
Holdings Overlap
DVY and SCHD share 30 holdings out of 170 unique holdings combined, representing a 23.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DVY | Weight in SCHD | Difference |
|---|---|---|---|
| MO | 2.22% | 3.15% | 0.93% |
| MRK | 0.99% | 4.32% | 3.33% |
| VZ | 1.59% | 3.68% | 2.09% |
| CVX | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| LMT | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| OKE | Pro | Pro | Pro |
| EOG | Pro | Pro | Pro |
| TGT | Pro | Pro | Pro |
See all 10 holdings DVY shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DVY or SCHD?
DVY has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, DVY or SCHD?
Over the past year DVY returned +22.62% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DVY annualized +6.12% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DVY or SCHD?
DVY has been the more volatile fund at 14.8% annualized versus 13.6% for SCHD. Worst drawdown: DVY -65.2% vs SCHD -33.4%.
Should I hold both DVY and SCHD?
DVY and SCHD have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DVY and SCHD?
DVY and SCHD share 30 common holdings with a 23.1% weight overlap. Combined, they hold 170 unique securities.
Which pays a higher dividend, DVY or SCHD?
DVY yields 3.37% while SCHD yields 3.31%, so DVY currently pays the higher dividend yield.
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