Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs USMV: how they differ
SCHD and USMV hold 10% of their weight in the same names, and SCHD returned more over the year.
Schwab U.S. Dividend Equity ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SCHD and USMV hold 10% of their money in the same securities at the same weight.
| Holding | SCHD | USMV |
|---|---|---|
| Verizon Communications Inc | 3.66% | 1.49% |
| Coca-Cola Co/The | 3.96% | 1.20% |
| Merck & Co Inc | 3.87% | 1.18% |
| Procter & Gamble Co/The | 3.55% | 1.11% |
| PepsiCo Inc | 3.45% | 1.02% |
| Lockheed Martin Corp | 2.71% | 0.79% |
| Texas Instruments Inc | 5.92% | 0.78% |
| Abbott Laboratories | 2.97% | 0.67% |
| Chevron Corp | 3.84% | 0.41% |
| UnitedHealth Group Inc | 5.10% | 0.39% |
| Amgen Inc | 3.48% | 0.31% |
| Hershey Co/The | 0.72% | 0.23% |
| Only in SCHD | Only in USMV |
|---|---|
| ConocoPhillips 3.52% | CISCO SYSTEMS, INC. 1.81% |
| Altria Group Inc 2.94% | NVIDIA CORPORATION 1.64% |
| Bristol-Myers Squibb Co 2.94% | EXXON MOBIL CORPORATION 1.60% |
| Accenture PLC 2.90% | MICROSOFT CORPORATION 1.56% |
| Comcast Corp 2.25% | DUKE ENERGY CORPORATION 1.55% |
| Blackstone Inc 2.21% | THE SOUTHERN COMPANY 1.53% |
| SLB Ltd 2.06% | AMPHENOL CORPORATION 1.51% |
| United Parcel Service Inc 1.99% | Chubb Limited 1.50% |
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 Apr 30, 2026 and May 31, 2026.
| SCHD Schwab U.S. Dividend Equity ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | iShares |
| What it is | US dividend | MSCI USA Min Vol Factor |
| Total return, 1 year | +27.6% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.1 pts | −10.9 pts |
| Expense ratio | 0.06% | 0.15% |
| Already in the S&P 500 | 95.1% | 94.8% |
| Holdings | 99 | 170 |
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.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, SCHD or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, SCHD returned +27.6% and USMV returned +6.6%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHD or USMV?
- SCHD charges 0.06% a year and USMV charges 0.15%, so SCHD is cheaper. Fees come from each fund's prospectus.
- How much do SCHD and USMV overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHD and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 10% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHD-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources