DGRO vs SCHD: Fees, Returns & Holdings Compared

	Expense ratio	Net assets	Yield (TTM)	Overlap	1 yr	5 yr*
DGRO	0.08%	$42.77B	1.83%	20%	+21.8%	+11.2%
SCHD	0.06%	$112.34B	2.95%		+38.9%	+10.5%

At a glance

20% of DGRO’s and SCHD’s holdings overlap by weight, with 32 securities in common out of 390 and 99. SCHD costs less: 0.06% a year against 0.08% for DGRO, or $60 against $80 on every $100,000. DGRO has $42.77B in assets and SCHD $112.34B; over the past 12 months DGRO paid out 1.83% of its price and SCHD 2.95%, both quarterly. Over the past year DGRO returned +21.8% and SCHD +38.9% with distributions reinvested; over five years, +11.2% and +10.5% a year. In the 2022 bear market DGRO fell 19.3% at its worst and SCHD 16.8%; both were back at their earlier highs 15 months after the low.

Key differences

	DGRO	SCHD
Fund	iShares Core Dividend Growth ETF	Schwab US Dividend Equity ETF
Issuer	iShares	Schwab
Structure	Open-end ETF	Open-end ETF
Type	Dividend growth	Dividend
Launched	Jun 10, 2014	Oct 20, 2011
Expense ratio	0.08%	0.06%
Cost a year on $100,000	$80	$60
Net assets	$42.77B	$112.34B
Holdings	390	99
Ten largest positions	27.2%	41.7%
Yield (12 months)	1.83%	2.95%
Pays	quarterly	quarterly
Portfolio turnover	25% a year	30% a year
Price data from	Jun 12, 2014	Oct 20, 2011

Holdings and overlap

Overlap by weight20%the share of each fund in holdings both own

Securities in common32DGRO 390 · SCHD 99 in all

Ten largest positions27.2% / 41.7%of assets, DGRO / SCHD

Overlap adds up, for every security both funds own, the smaller of its two weights: 100% would mean identical portfolios.

Largest holdings

Holding	DGRO	SCHD
Merck & Co Inc	1.91%	4.76%
Amgen Inc	1.30%	4.70%
Abbott Laboratories	1.10%	4.68%
Coca-Cola Co	1.96%	4.16%
Chevron Corp	—	4.01%
Verizon Communications Inc	—	3.96%
ConocoPhillips	0.89%	3.93%
HOME DEPOT INC (THE)	2.14%	3.87%
PROCTER & GAMBLE COMPANY (THE)	2.17%	3.82%
UnitedHealth Group Inc	1.76%	3.82%
MICROSOFT CORP	3.24%	—
JP MORGAN CHASE & COMPANY	3.16%	—

The biggest differences in weight: Chevron Corp (0.0% in DGRO, 4.0% in SCHD); Verizon Communications Inc (0.0% in DGRO, 4.0% in SCHD); Abbott Laboratories (1.1% in DGRO, 4.7% in SCHD).

By sector

Sector	DGRO	SCHD	Difference
Health care	16.0%	21.3%	SCHD +5.3
Financials	18.1%	5.2%	DGRO +12.9
Consumer staples	11.6%	17.7%	SCHD +6.1
Technology	14.6%	5.6%	DGRO +9.0
Energy	2.3%	12.7%	SCHD +10.4
Industrials	8.5%	9.0%	SCHD +0.5
Consumer discretionary	5.9%	7.2%	SCHD +1.3
Utilities	5.4%	0.0%	DGRO +5.4
Communication services	0.0%	2.3%	SCHD +2.3
Materials	0.8%	0.9%	SCHD +0.1

Sectors of the companies each fund holds that have a stock page here (83.9% of DGRO, 81.7% of SCHD). Source: N-PORT holdings reports as of Jul 31, 2026 (DGRO) and Aug 31, 2026 (SCHD).

Returns

DGRO SCHD · $10,000 in each on Jun 30, 2014, distributions reinvested.

$10,000 put into DGRO on Jun 30, 2014 was worth $43,176 on Nov 2, 2026, and in SCHD $42,042 (+12.6% and +12.3% a year). That is as far back as the price data for both goes.

	1 yr	3 yr	5 yr	10 yr
DGRO price data to Nov 2, 2026	+21.8%	+20.6%	+11.2%	+14.3%
DGRO official prospectus, to Dec 31, 2025	+15.74%	—	+11.69%	+13.10%
SCHD price data to Nov 2, 2026	+38.9%	+19.9%	+10.5%	+13.9%
SCHD official prospectus, to Dec 31, 2024	+11.60%	—	+11.03%	+11.03%

Multi-year figures are annualized total returns with distributions reinvested. "Official" rows are the SEC-standard returns from each fund's prospectus, to the end of the last calendar year; they reach back further where the price data starts late.

Calendar years

Year	DGRO	SCHD	Difference
2026	+18.7% *	+34.1% *	SCHD +15.4
2025	+15.7%	+4.3%	DGRO +11.4
2024	+16.6%	+11.6%	DGRO +5.0
2023	+10.5%	+4.6%	DGRO +5.9
2022	-7.9%	-3.2%	SCHD +4.7
2021	+26.6%	+29.9%	SCHD +3.2
2020	+9.5%	+15.1%	SCHD +5.6
2019	+29.9%	+27.3%	DGRO +2.6
2018	-2.4%	-5.5%	DGRO +3.2
2017	+23.0%	+20.9%	DGRO +2.1

Total returns from price data; * year to Nov 2, 2026.

Downturns and recovery

	DGRO	SCHD
2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009	Before it launched	Before it launched
2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020	−34.8% at the worst; back at its high 8 months after the low	−32.8% at the worst; back at its high 5 months after the low
2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022	−19.3% at the worst; back at its high 15 months after the low	−16.8% at the worst; back at its high 15 months after the low
Worst fall in the price data	−35.1% (Feb 12, 2020 – Mar 23, 2020)	−33.4% (Jan 23, 2020 – Mar 23, 2020)

The deepest drop from a high to a low during each stretch when stocks fell, and how long the fund took to get back to its earlier high, with distributions reinvested. The price data starts Jun 12, 2014 for DGRO and Oct 20, 2011 for SCHD.

Income

DGRO yield (12 months)1.83%paid quarterly

SCHD yield (12 months)2.95%paid quarterly

Year	DGRO	SCHD
2025	$236	$384
2024	$256	$389
2023	$264	$351
2022	$209	$317
2021	$239	$351
2020	$245	$349
2019	$280	$368
2018	$233	$283

Distributions paid during each calendar year on $10,000 of shares bought at the previous year-end close, adjusted for share splits. Before taxes.

Costs

SCHD charges 0.06% a year and DGRO 0.08%: on $100,000 that is $20 a year less with SCHD ($100 on $500,000). The fee comes out of each fund's assets, so it is already in the returns above.

Cost of $10,000 (SEC example)	1 yr	3 yrs	5 yrs	10 yrs
DGRO	$8	$26	$45	$103
SCHD	$6	$19	$34	$77

From each fund's prospectus: the total costs on $10,000 invested, at a 5% yearly return, with the shares sold at the end of each period.

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