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SCHD vs VYM: Dividend Growth vs High Yield

Schwab's quality-screened SCHD versus Vanguard's broad high-yield VYM. SCHD charges 0.06%; VYM charges 0.04%. Compare yield, holdings, sector tilt, and which works better in a long-term portfolio.

Data as of April 27, 2026

SCHD

Schwab U.S. Dividend Equity ETF

Charles Schwab

Dividend Growth

Price

$31.20

Yield (TTM)

3.44%

VYM

Vanguard High Dividend Yield ETF

Vanguard

High Dividend Yield

Price

$154.95

Yield (TTM)

2.41%

Quick Comparison Summary

SCHD vs VYM: compare dividend yield (3.4% vs 2.4%), expense ratio (0.06% vs 0.04%), holdings, returns, and our verdict for dividend investors.

Side-by-Side Metrics
MetricSCHDVYM
IssuerCharles SchwabVanguard
Inception2011-10-202006-11-10
CategoryDividend GrowthHigh Dividend Yield
Price$31.20$154.95
NAV$31.19$154.96
Dividend Yield (TTM)3.44%2.41%
Expense Ratio0.06%0.04%
Distribution FrequencyQuarterlyQuarterly
AUM$88.3B$76.7B
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%

VYM

Top 5 / 5 shown

  • JPM

    JPMorgan Chase

    3.92%

  • AVGO

    Broadcom

    3.41%

  • XOM

    ExxonMobil

    3.05%

  • JNJ

    Johnson & Johnson

    2.48%

  • PG

    Procter & Gamble

    2.31%

Sector Weights

  • Financials21.5%
  • Health Care13.8%
  • Consumer Staples12.6%
  • Industrials11.4%
  • Energy9.8%
  • Information Tech9.1%

Pros & Cons

SCHDPros
  • Higher current yield (~3.4%)
  • Strict quality screens (cash-flow-to-debt, ROE)
  • Stronger five-year dividend growth rate
  • Rock-bottom 0.06% expense ratio
VYMPros
  • 400+ holdings — exceptional diversification
  • Lower 0.04% expense ratio
  • Less single-stock risk
  • Broader market-cap exposure
SCHDCons
  • More concentrated (only 100 holdings)
  • Higher sector concentration risk
  • Annual reconstitution can produce turnover spikes
VYMCons
  • Lower yield (~2.4%)
  • No quality screens — includes some yield traps
  • Slower dividend growth than SCHD
The Verdict

SCHD wins on quality and dividend growth; VYM wins on diversification and breadth. VYM is slightly cheaper at 0.04% versus SCHD's 0.06%. SCHD holds 100 quality-screened names with a higher yield (~3.4% vs ~2.4%) and stronger growth screens. VYM holds 400+ names for broader exposure but with lower current yield. SCHD is often the stronger single-fund dividend-growth choice; VYM is the broader high-yield diversifier.

Best for
SCHD

Investors who want a concentrated, quality-screened dividend-growth core

Best for
VYM

Investors who want broad, low-cost exposure to the entire U.S. high-yield universe

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.

VYM

Tracks the FTSE High Dividend Yield Index — U.S. stocks with above-average forecast dividend yields, excluding REITs. Broad, market-cap-weighted exposure for low-cost income.

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.