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ETF Comparison

HDV vs SCHD: Two Quality-Screened Dividend ETFs Compared

BlackRock's HDV uses moat + distance-to-default screens; Schwab's SCHD uses cash-flow + dividend-growth screens. Compare yield, sector tilt, and methodology.

Data as of April 27, 2026

HDV

iShares Core High Dividend ETF

BlackRock

High Dividend Yield

Price

$134.02

Yield (TTM)

2.92%

SCHD

Schwab U.S. Dividend Equity ETF

Charles Schwab

Dividend Growth

Price

$31.20

Yield (TTM)

3.44%

Quick Comparison Summary

HDV vs SCHD: compare dividend yield (2.9% vs 3.4%), expense ratio (0.08% vs 0.06%), holdings, returns, and our verdict for dividend investors.

Side-by-Side Metrics
MetricHDVSCHD
IssuerBlackRockCharles Schwab
Inception2011-03-292011-10-20
CategoryHigh Dividend YieldDividend Growth
Price$134.02$31.20
NAV$134.05$31.19
Dividend Yield (TTM)2.92%3.44%
Expense Ratio0.08%0.06%
Distribution FrequencyQuarterlyQuarterly
AUM$13.3B$88.3B
Total Returns

3Y and 5Y figures are annualized. A 0% value indicates the fund had not been listed for the full period.

Holdings & Sector Exposure

HDV

Top 5 / 5 shown

  • XOM

    ExxonMobil

    8.92%

  • JNJ

    Johnson & Johnson

    6.81%

  • CVX

    Chevron

    5.95%

  • ABBV

    AbbVie

    5.14%

  • VZ

    Verizon

    4.42%

Sector Weights

  • Energy22.8%
  • Health Care19.4%
  • Consumer Staples17.1%
  • Communication9.8%
  • Industrials8.6%
  • Financials7.2%

SCHD

Top 5 / 5 shown

  • TXN

    Texas Instruments

    4.31%

  • AMGN

    Amgen

    4.18%

  • CSCO

    Cisco Systems

    4.05%

  • VZ

    Verizon

    3.97%

  • HD

    Home Depot

    3.85%

Sector Weights

  • Financials18.4%
  • Health Care16.9%
  • Consumer Staples14.7%
  • Industrials13.5%
  • Information Tech11.2%
  • Energy8.6%

Pros & Cons

HDVPros
  • Morningstar moat + distance-to-default quality screens
  • Heavy energy/staples/healthcare = defensive in selloffs
  • Lower volatility historically
SCHDPros
  • Higher total returns historically
  • Better diversification across sectors
  • Slightly lower 0.06% expense ratio
  • Stronger 5-year dividend growth rate
HDVCons
  • Concentrated (75 holdings)
  • Heavy energy weighting can underperform in transitions
  • Higher 0.08% expense ratio than SCHD
SCHDCons
  • 100 holdings — more concentrated than VYM's 400+ names
  • More cyclical exposure (financials, industrials)
The Verdict

Both are quality-screened dividend ETFs but with very different sector tilts. HDV concentrates heavily in energy + healthcare + staples (Morningstar moat methodology favors entrenched mega-caps in those sectors). SCHD spreads across financials, healthcare, staples, industrials, and tech. SCHD has produced better total returns and currently offers the higher yield, while HDV leans more defensive by sector construction.

Best for
HDV

Defensive income investors who want concentrated moat-screened mega-caps

Best for
SCHD

Investors who want diversified quality dividend growth across sectors

Strategy Summary

HDV

Tracks the Morningstar Dividend Yield Focus Index — 75 high-quality U.S. stocks with sustainable competitive advantages, screened by Morningstar's economic-moat and distance-to-default metrics.

SCHD

Tracks the Dow Jones U.S. Dividend 100 Index — large-cap U.S. companies with at least 10 consecutive years of dividend payments, screened on cash-flow-to-debt, ROE, dividend yield, and 5-year dividend growth.

Frequently Asked Questions

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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. ETF data is sourced from issuer fact sheets and may be slightly out of date. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.