ETF Versus

DVY vs SCHD

iShares Select Dividend ETF vs Schwab U.S. Dividend Equity ETF

Last updated: 2026-04-02

DVY iShares

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.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003
SCHD Schwab

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.

AUM: $83.9B ER: 0.06% Yield: 3.46% Since: Oct 20, 2011

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

Metric DVY SCHD
Expense Ratio 0.38% 0.06%
Dividend Yield 3.5% 3.5%
Fund Family iShares Schwab
Category US Dividend US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 96 107 118 129 140 2021-04 2022-06 2023-09 2024-12 2026-04
DVY +30.7%
SCHD +23.3%

Performance Comparison

Period DVY SCHD Difference
1 Month -3.15% -4.24% +1.09%
3 Months +5.89% +10.03% -4.14%
6 Months +5.53% +11.31% -5.78%
YTD +5.89% +10.03% -4.14%
1 Year +12.56% +9.47% +3.09%
3 Years +28.73% +24.43% +4.30%
5 Years +30.67% +23.27% +7.40%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DVY Fees SCHD Fees You Save
$10.000 10 years $748 $120 $628
$10.000 20 years $3.173 $515 $2.657
$10.000 30 years $10.097 $1.664 $8.434
$50.000 10 years $3.739 $598 $3.140
$50.000 30 years $50.486 $8.318 $42.168
$100.000 30 years $100.972 $16.637 $84.335

Risk Metrics

Based on 5 years of daily returns

Metric DVY SCHD
Annualized Volatility 15.5% 14.6%
Max Drawdown -22.1% -18.9%
Sharpe Ratio 0.13 0.05

Dividend Comparison

Metric DVY SCHD
Annual Dividend (per share) $5.24 $1.06
Dividend Yield 3.47% 3.46%
Distribution Frequency Quarterly Quarterly

Top Holdings

1 of top 10 holdings overlap (10% overlap in top holdings)

DVY Top Holdings

NameWeight
Pfizer Inc.PFE2.33%
Altria Group, Inc.MO2.17%
Verizon Communications Inc.VZ2.01%
ONEOK, Inc.OKE1.93%
Prudential Financial, Inc.PRU1.81%
T. Rowe Price Group, Inc.TROW1.75%
LyondellBasell Industries N.V.LYB1.70%
General Mills, Inc.GIS1.62%
Edison InternationalEIX1.60%
Kimberly-Clark CorporationKMB1.57%

SCHD Top Holdings

NameWeight
Chevron CorporationCVX4.66%
ConocoPhillipsCOP4.33%
Merck & Co., Inc.MRK4.08%
Verizon Communications Inc.VZ4.03%
The Coca-Cola CompanyKO3.98%
Texas Instruments IncorporatedTXN3.86%
PepsiCo, Inc.PEP3.83%
Amgen Inc.AMGN3.78%
Abbott LaboratoriesABT3.78%
The Procter & Gamble CompanyPG3.70%

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.

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