Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs SPYD: how they differ
SCHD and SPYD hold 20% 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) Portfolio S&P 500(R) High Dividend ETF.
What they hold in common
By the books each fund has filed, SCHD and SPYD hold 20% of their money in the same securities at the same weight.
| Holding | SCHD | SPYD |
|---|---|---|
| Target Corp | 1.45% | 1.48% |
| EOG Resources Inc | 1.82% | 1.44% |
| Altria Group Inc | 2.94% | 1.42% |
| ONEOK Inc | 1.33% | 1.38% |
| Verizon Communications Inc | 3.66% | 1.30% |
| Bristol-Myers Squibb Co | 2.94% | 1.27% |
| Ford Motor Co | 1.72% | 1.21% |
| Chevron Corp | 3.84% | 1.20% |
| United Parcel Service Inc | 1.99% | 1.19% |
| Fifth Third Bancorp | 1.13% | 1.28% |
| PepsiCo Inc | 3.45% | 1.11% |
| Comcast Corp | 2.25% | 1.02% |
| Only in SCHD | Only in SPYD |
|---|---|
| QUALCOMM Inc 6.75% | Iron Mountain Inc 1.62% |
| Texas Instruments Inc 5.92% | Franklin Resources Inc 1.57% |
| UnitedHealth Group Inc 5.10% | CVS Health Corp 1.53% |
| Coca-Cola Co/The 3.96% | Host Hotels & Resorts Inc 1.53% |
| Merck & Co Inc 3.87% | Edison International 1.48% |
| Procter & Gamble Co/The 3.55% | Viatris Inc 1.46% |
| ConocoPhillips 3.52% | Kimco Realty Corp 1.46% |
| Amgen Inc 3.48% | Simon Property Group Inc 1.45% |
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 | SPYD State Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | State Street |
| What it is | US dividend | SPDR Portfolio S&P 500 High Dividend |
| Total return, 1 year | +27.6% | +12.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.1 pts | −4.6 pts |
| Expense ratio | 0.06% | 0.07% |
| Already in the S&P 500 | 95.1% | 100.0% |
| Holdings | 99 | 78 |
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.
SPYD in plain words
SPYD is an index equity fund tracking the SPDR Portfolio S&P 500 High Dividend. Over the year to Sep 11, 2026 it returned +12.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 78 positions, with the top ten at 15.1%. It sat 4.3% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SCHD or SPYD?
- In the year to Sep 12, 2026, with distributions reinvested, SCHD returned +27.6% and SPYD returned +12.9%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHD or SPYD?
- SCHD charges 0.06% a year and SPYD charges 0.07%, so SCHD is cheaper. Fees come from each fund's prospectus.
- How much do SCHD and SPYD overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHD and 100% of SPYD by weight is stocks the S&P 500 already holds. Between the two funds, 20% of their books are the same securities at the same weight.
Other comparisons
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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 SPYD, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHD-SPYD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources