At a glance
49% of HDV’s and SCHD’s holdings overlap by weight, with 28 securities in common out of 75 and 99. SCHD costs less: 0.06% a year against 0.08% for HDV, or $60 against $80 on every $100,000. HDV has $14.90B in assets and SCHD $112.34B; over the past 12 months HDV paid out 5.29% of its price and SCHD 2.95%, both quarterly. Over the past year HDV returned +38.0% and SCHD +38.9% with distributions reinvested; over five years, +13.9% and +10.5% a year. In the 2022 bear market HDV fell 15.4% at its worst and SCHD 16.8%; HDV was back at its earlier high 2 months after the low, SCHD 15 months.
Key differences
| HDV | SCHD | |
|---|---|---|
| Fund | iShares Core High Dividend ETF | Schwab US Dividend Equity ETF |
| Issuer | iShares | Schwab |
| Structure | Open-end ETF | Open-end ETF |
| Type | High dividend | Dividend |
| Launched | Mar 29, 2011 | Oct 20, 2011 |
| Expense ratio | 0.08% | 0.06% |
| Cost a year on $100,000 | $80 | $60 |
| Net assets | $14.90B | $112.34B |
| Holdings | 75 | 99 |
| Ten largest positions | 51.4% | 41.7% |
| Yield (12 months) | 5.29% | 2.95% |
| Pays | quarterly | quarterly |
| Portfolio turnover | 65% a year | 30% a year |
| Price data from | Mar 31, 2011 | Oct 20, 2011 |
Holdings and overlap
Overlap adds up, for every security both funds own, the smaller of its two weights: 100% would mean identical portfolios.
Largest holdings
| Holding | HDV | SCHD |
|---|---|---|
| EXXONMOBIL HOLDINGS CORP | 7.88% | — |
| ABBVIE INC | 6.16% | — |
| CHEVRON CORP | 6.13% | 4.01% |
| VERIZON COMMUNICATIONS INC | 5.51% | 3.96% |
| MERCK & COMPANY INC | 3.99% | 4.76% |
| Amgen Inc | 2.71% | 4.70% |
| Abbott Laboratories | 2.29% | 4.68% |
| PROCTER & GAMBLE COMPANY (THE) | 4.52% | 3.82% |
| HOME DEPOT INC (THE) | 4.45% | 3.87% |
| PHILIP MORRIS INTERNATIONAL INC | 4.44% | — |
| PFIZER INC | 4.27% | — |
| COCA-COLA COMPANY (THE) | 4.09% | 4.16% |
The biggest differences in weight: EXXONMOBIL HOLDINGS CORP (7.9% in HDV, 0.0% in SCHD); ABBVIE INC (6.2% in HDV, 0.0% in SCHD); PHILIP MORRIS INTERNATIONAL INC (4.4% in HDV, 0.0% in SCHD).
By sector
| Sector | HDV | SCHD | Difference |
|---|---|---|---|
| Consumer staples | 22.3% | 17.7% | HDV +4.6 |
| Health care | 22.1% | 21.3% | HDV +0.8 |
| Energy | 12.5% | 12.7% | SCHD +0.2 |
| Industrials | 3.3% | 9.0% | SCHD +5.7 |
| Consumer discretionary | 8.5% | 7.2% | HDV +1.3 |
| Technology | 0.0% | 5.6% | SCHD +5.6 |
| Utilities | 5.4% | 0.0% | HDV +5.4 |
| Financials | 3.5% | 5.2% | SCHD +1.7 |
| Communication services | 0.0% | 2.3% | SCHD +2.3 |
| Materials | 1.6% | 0.9% | HDV +0.7 |
Returns
$10,000 put into HDV on Oct 31, 2011 was worth $51,606 on Nov 2, 2026, and in SCHD $65,281 (+11.6% and +13.3% a year). That is as far back as the price data for both goes.
| 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|
| HDV price data to Nov 2, 2026 | +38.0% | +21.7% | +13.9% | +11.3% |
| HDV official prospectus, to Dec 31, 2025 | +11.88% | — | +10.68% | +9.07% |
| 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% |
Calendar years
| Year | HDV | SCHD | Difference |
|---|---|---|---|
| 2026 | +33.9% * | +34.1% * | SCHD +0.2 |
| 2025 | +11.9% | +4.3% | HDV +7.6 |
| 2024 | +14.2% | +11.6% | HDV +2.5 |
| 2023 | +1.7% | +4.6% | SCHD +2.8 |
| 2022 | +7.1% | -3.2% | HDV +10.3 |
| 2021 | +19.4% | +29.9% | SCHD +10.4 |
| 2020 | -6.5% | +15.1% | SCHD +21.5 |
| 2019 | +20.2% | +27.3% | SCHD +7.1 |
| 2018 | -3.0% | -5.5% | HDV +2.6 |
| 2017 | +13.4% | +20.9% | SCHD +7.4 |
Downturns and recovery
| HDV | 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 | −35.3% at the worst; back at its high 11 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 | −15.4% at the worst; back at its high 2 months after the low | −16.8% at the worst; back at its high 15 months after the low |
| Worst fall in the price data | −37% (Dec 23, 2019 – Mar 23, 2020) | −33.4% (Jan 23, 2020 – Mar 23, 2020) |
Income
| Year | HDV | SCHD |
|---|---|---|
| 2025 | $348 | $384 |
| 2024 | $404 | $389 |
| 2023 | $374 | $351 |
| 2022 | $367 | $317 |
| 2021 | $399 | $351 |
| 2020 | $363 | $349 |
| 2019 | $380 | $368 |
| 2018 | $344 | $283 |
Costs
SCHD charges 0.06% a year and HDV 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 |
|---|---|---|---|---|
| HDV | $8 | $26 | $45 | $103 |
| SCHD | $6 | $19 | $34 | $77 |