Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs SDY: how they differ
SCHD and SDY hold 21% of their weight in the same names, and SCHD returned more over the year.
Schwab U.S. Dividend Equity ETF and State Street(R) SPDR(R) S&P(R) Dividend ETF.
What they hold in common
By the books each fund has filed, SCHD and SDY hold 21% of their money in the same securities at the same weight.
| Holding | SCHD | SDY |
|---|---|---|
| Verizon Communications Inc | 3.66% | 2.15% |
| QUALCOMM Inc | 6.75% | 1.57% |
| Texas Instruments Inc | 5.92% | 1.56% |
| Automatic Data Processing Inc | 2.25% | 1.54% |
| Target Corp | 1.45% | 1.55% |
| PepsiCo Inc | 3.45% | 1.33% |
| Chevron Corp | 3.84% | 1.28% |
| Coca-Cola Co/The | 3.96% | 1.26% |
| Procter & Gamble Co/The | 3.55% | 1.26% |
| Abbott Laboratories | 2.97% | 1.00% |
| Archer-Daniels-Midland Co | 0.97% | 1.30% |
| Fastenal Co | 1.28% | 0.91% |
| Only in SCHD | Only in SDY |
|---|---|
| UnitedHealth Group Inc 5.10% | Realty Income Corp 2.14% |
| Merck & Co Inc 3.87% | Kenvue Inc 1.76% |
| ConocoPhillips 3.52% | AbbVie Inc 1.63% |
| Amgen Inc 3.48% | Edison International 1.45% |
| Home Depot Inc/The 3.37% | Sysco Corp 1.41% |
| Altria Group Inc 2.94% | WEC Energy Group Inc 1.41% |
| Bristol-Myers Squibb Co 2.94% | Eversource Energy 1.35% |
| Comcast Corp 2.25% | Consolidated Edison Inc 1.34% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| SCHD Schwab U.S. Dividend Equity ETF | SDY State Street(R) SPDR(R) S&P(R) Dividend ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | State Street |
| What it is | US dividend | SPDR S&P Dividend |
| Total return, 1 year | +27.6% | +11.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.1 pts | −6.5 pts |
| Expense ratio | 0.06% | 0.35% |
| Already in the S&P 500 | 95.1% | 84.6% |
| Holdings | 99 | 155 |
SCHD in plain words
SCHD is an index equity fund tracking the US dividend. Over the year to Sep 11, 2026 it returned +27.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 43.7%. It sat 3.1% below its high of Aug 24, 2026 on Sep 11, 2026.
SDY in plain words
SDY is an index equity fund tracking the SPDR S&P Dividend. Over the year to Sep 11, 2026 it returned +11.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 155 positions, with the top ten at 17.1%. It sat 3.9% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SCHD or SDY?
- In the year to Sep 12, 2026, with distributions reinvested, SCHD returned +27.6% and SDY returned +11.0%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHD or SDY?
- SCHD charges 0.06% a year and SDY charges 0.35%, so SCHD is cheaper. Fees come from each fund's prospectus.
- How much do SCHD and SDY overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHD and 85% of SDY by weight is stocks the S&P 500 already holds. Between the two funds, 21% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCHD against SDY, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHD-SDY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources