DVY vs SCHD
iShares Select Dividend ETF vs Schwab U.S. Dividend Equity ETF
Last updated: 2026-04-02
iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.
Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund issued by Schwab that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 3.46%. Launched in 2011, the fund has a 15-year track record.
Quick Verdict
SCHD is significantly cheaper at 0.06% vs 0.38% expense ratio, saving you approximately $628 per $10,000 invested over 10 years. DVY has edged ahead over the past year (12.6% vs 9.5%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
1 of top 10 holdings overlap (10% overlap in top holdings)
DVY Top Holdings
| Name | Weight |
|---|---|
| Pfizer Inc.PFE | 2.33% |
| Altria Group, Inc.MO | 2.17% |
| Verizon Communications Inc.VZ | 2.01% |
| ONEOK, Inc.OKE | 1.93% |
| Prudential Financial, Inc.PRU | 1.81% |
| T. Rowe Price Group, Inc.TROW | 1.75% |
| LyondellBasell Industries N.V.LYB | 1.70% |
| General Mills, Inc.GIS | 1.62% |
| Edison InternationalEIX | 1.60% |
| Kimberly-Clark CorporationKMB | 1.57% |
SCHD Top Holdings
| Name | Weight |
|---|---|
| Chevron CorporationCVX | 4.66% |
| ConocoPhillipsCOP | 4.33% |
| Merck & Co., Inc.MRK | 4.08% |
| Verizon Communications Inc.VZ | 4.03% |
| The Coca-Cola CompanyKO | 3.98% |
| Texas Instruments IncorporatedTXN | 3.86% |
| PepsiCo, Inc.PEP | 3.83% |
| Amgen Inc.AMGN | 3.78% |
| Abbott LaboratoriesABT | 3.78% |
| The Procter & Gamble CompanyPG | 3.70% |
Which One Should You Choose?
Choose SCHD if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose DVY if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Either works if...
you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.