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SCHD vs DGRO: Two Top Dividend Growth ETFs Compared

Schwab's SCHD vs BlackRock's DGRO — two of the most popular dividend-growth ETFs. SCHD has higher yield, DGRO has more tech exposure. Compare expense, holdings, sector mix, and growth rates.

Data as of April 27, 2026

SCHD

Schwab U.S. Dividend Equity ETF

Charles Schwab

Dividend Growth

Price

$31.20

Yield (TTM)

3.44%

DGRO

iShares Core Dividend Growth ETF

BlackRock

Dividend Growth

Price

$72.78

Yield (TTM)

2.10%

Quick Comparison Summary

SCHD vs DGRO: compare dividend yield (3.4% vs 2.1%), expense ratio (0.06% vs 0.08%), holdings, returns, and our verdict for dividend investors.

Side-by-Side Metrics
MetricSCHDDGRO
IssuerCharles SchwabBlackRock
Inception2011-10-202014-06-10
CategoryDividend GrowthDividend Growth
Price$31.20$72.78
NAV$31.19$72.77
Dividend Yield (TTM)3.44%2.10%
Expense Ratio0.06%0.08%
Distribution FrequencyQuarterlyQuarterly
AUM$88.3B$39.2B
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

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%

DGRO

Top 5 / 5 shown

  • MSFT

    Microsoft

    3.62%

  • AAPL

    Apple

    3.41%

  • JPM

    JPMorgan Chase

    3.18%

  • JNJ

    Johnson & Johnson

    2.88%

  • ABBV

    AbbVie

    2.65%

Sector Weights

  • Financials19.2%
  • Information Tech17.8%
  • Health Care16.5%
  • Consumer Staples12.1%
  • Industrials11.4%
  • Energy6.8%

Pros & Cons

SCHDPros
  • Higher current yield (~3.4% vs ~2.1%)
  • Stricter quality screens
  • Lower 0.06% expense ratio
DGROPros
  • Broader diversification (~400 holdings)
  • Includes mega-cap tech dividend payers
  • 5-year dividend growth screen captures earlier-stage growers
SCHDCons
  • More concentrated portfolio
  • Limited tech exposure — misses mega-cap dividend growers
  • Value-leaning composition can lag in growth markets
DGROCons
  • Slightly higher 0.08% expense ratio
  • Lower current yield
  • Larger tech weighting increases growth-style risk
The Verdict

SCHD offers higher yield with stricter quality screens; DGRO offers more diversification and tech exposure with lower yield. Both are excellent dividend-growth ETFs at near-identical low fees (0.06% vs 0.08%). SCHD's tighter 100-stock portfolio favors deeper value; DGRO's 400+ name portfolio captures more growth-oriented dividend payers including mega-cap tech.

Best for
SCHD

Income-focused investors prioritizing current yield and value-tilt quality

Best for
DGRO

Investors who want dividend growth plus exposure to high-quality tech dividend payers (MSFT, AAPL)

Strategy Summary

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.

DGRO

Tracks the Morningstar US Dividend Growth Index — U.S. companies with at least 5 consecutive years of dividend growth, positive earnings payout ratios under 75%, and broad sector exposure.

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.