SCHD vs VIG: Fees, Returns & Holdings Compared

	Expense ratio	Net assets	Yield (TTM)	Overlap	1 yr	5 yr*
SCHD	0.06%	$112.34B	2.95%	14%	+38.9%	+10.5%
VIG	0.04%	$130.90B	1.47%		+15.6%	+10.6%

At a glance

14% of SCHD’s and VIG’s holdings overlap by weight, with 33 securities in common out of 99 and 333. SCHD is an ordinary open-end ETF and VIG a share class of Vanguard Dividend Appreciation Index Fund, which also sells mutual fund shares. VIG costs less: 0.04% a year against 0.06% for SCHD, or $40 against $60 on every $100,000. SCHD has $112.34B in assets and VIG $130.90B (all share classes); over the past 12 months SCHD paid out 2.95% of its price and VIG 1.47%, both quarterly. Over the past year SCHD returned +38.9% and VIG +15.6% with distributions reinvested; over five years, +10.5% and +10.6% a year. In the 2022 bear market SCHD fell 16.8% at its worst and VIG 20.4%; SCHD was back at its earlier high 15 months after the low, VIG 14 months.

Key differences

	SCHD	VIG
Fund	Schwab US Dividend Equity ETF	Vanguard Dividend Appreciation ETF
Issuer	Schwab	Vanguard
Structure	Open-end ETF	ETF share class
Type	Dividend	Dividend growth
Launched	Oct 20, 2011	Apr 21, 2006
Expense ratio	0.06%	0.04%
Cost a year on $100,000	$60	$40
Net assets	$112.34B	$130.90B *
Holdings	99	333
Ten largest positions	41.7%	33.4%
Yield (12 months)	2.95%	1.47%
Pays	quarterly	quarterly
Portfolio turnover	30% a year	8% a year
Price data from	Oct 20, 2011	Jun 2, 2020

* VIG’s net assets are those of Vanguard Dividend Appreciation Index Fund, all share classes.

Holdings and overlap

Overlap by weight14%the share of each fund in holdings both own

Securities in common33SCHD 99 · VIG 333 in all

Ten largest positions41.7% / 33.4%of assets, SCHD / VIG

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

Largest holdings

Holding	SCHD	VIG
Merck & Co Inc	4.76%	1.39%
Amgen Inc	4.70%	0.90%
Abbott Laboratories	4.68%	0.80%
Broadcom Inc	—	4.63%
Apple Inc	—	4.45%
Microsoft Corp	—	4.34%
Coca-Cola Co	4.16%	1.47%
JPMorgan Chase & Co	—	4.07%
Chevron Corp	4.01%	—
Verizon Communications Inc	3.96%	—
ConocoPhillips	3.93%	—
Eli Lilly & Co	—	3.93%

The biggest differences in weight: Broadcom Inc (0.0% in SCHD, 4.6% in VIG); Apple Inc (0.0% in SCHD, 4.5% in VIG); Microsoft Corp (0.0% in SCHD, 4.3% in VIG).

By sector

Sector	SCHD	VIG	Difference
Technology	5.6%	24.4%	VIG +18.8
Health care	21.3%	16.0%	SCHD +5.3
Financials	5.2%	18.9%	VIG +13.7
Consumer staples	17.7%	9.3%	SCHD +8.4
Energy	12.7%	0.5%	SCHD +12.2
Industrials	9.0%	7.6%	SCHD +1.4
Consumer discretionary	7.2%	4.5%	SCHD +2.7
Communication services	2.3%	0.0%	SCHD +2.3
Utilities	0.0%	2.3%	VIG +2.3
Materials	0.9%	1.1%	VIG +0.2

Sectors of the companies each fund holds that have a stock page here (81.7% of SCHD, 85.4% of VIG). Source: N-PORT holdings reports as of Aug 31, 2026 (SCHD) and Jul 31, 2026 (VIG).

Returns

SCHD VIG · $10,000 in each on Jun 30, 2020, distributions reinvested.

$10,000 put into SCHD on Jun 30, 2020 was worth $25,852 on Oct 30, 2026, and in VIG $23,679 (+16.2% and +14.6% a year). That is as far back as the price data for both goes.

	1 yr	3 yr	5 yr	10 yr
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%
VIG price data to Oct 30, 2026	+15.6%	+19.8%	+10.6%	—
VIG official prospectus, to Dec 31, 2025	+14.18%	—	+11.27%	+13.09%

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. VIG: Price data starts 2020-06-02, after the fund's launch on 2006-04-21; figures "since start" cover the available history only.

Calendar years

Year	SCHD	VIG	Difference
2026	+34.1% *	+14.1% *	SCHD +20.0
2025	+4.3%	+14.2%	VIG +9.8
2024	+11.6%	+17.0%	VIG +5.3
2023	+4.6%	+14.5%	VIG +9.9
2022	-3.2%	-9.8%	SCHD +6.6
2021	+29.9%	+23.8%	SCHD +6.1
2020	+15.1%	+15.46% †
2019	+27.3%	+29.71% †
2018	-5.5%	-2.02% †
2017	+20.9%	—

Total returns from price data; † from the fund’s prospectus where the price data starts later; * year to Oct 30, 2026.

Downturns and recovery

	SCHD	VIG
2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009	Before it launched	Not in the price data (starts Jun 2, 2020)
2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020	−32.8% at the worst; back at its high 5 months after the low	Not in the price data (starts Jun 2, 2020)
2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022	−16.8% at the worst; back at its high 15 months after the low	−20.4% at the worst; back at its high 14 months after the low
Worst fall in the price data	−33.4% (Jan 23, 2020 – Mar 23, 2020)	−20.4% (Jan 4, 2022 – Sep 30, 2022)

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 Oct 20, 2011 for SCHD and Jun 2, 2020 for VIG.

Income

SCHD yield (12 months)2.95%paid quarterly

VIG yield (12 months)1.47%paid quarterly

Year	SCHD	VIG
2025	$384	$181
2024	$389	$199
2023	$351	$211
2022	$317	$173
2021	$351	$188

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

VIG charges 0.04% a year and SCHD 0.06%: on $100,000 that is $20 a year less with VIG ($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
SCHD	$6	$19	$34	$77
VIG	$4	$13	$23	$51

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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