Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs VO: how they differ
SCHD and VO hold 7% of their weight in the same names, and SCHD returned more over the year.
Schwab U.S. Dividend Equity ETF and Vanguard Mid-Cap Index Fund.
What they hold in common
By the books each fund has filed, SCHD and VO hold 7% of their money in the same securities at the same weight.
| Holding | SCHD | VO |
|---|---|---|
| SLB Ltd | 2.06% | 0.67% |
| Target Corp | 1.45% | 0.57% |
| Fastenal Co | 1.28% | 0.54% |
| ONEOK Inc | 1.33% | 0.53% |
| Ford Motor Co | 1.72% | 0.53% |
| Fifth Third Bancorp | 1.13% | 0.50% |
| Devon Energy Corp | 1.29% | 0.46% |
| Archer-Daniels-Midland Co | 0.97% | 0.36% |
| Kimberly-Clark Corp | 0.82% | 0.35% |
| Paychex Inc | 0.79% | 0.31% |
| Cincinnati Financial Corp | 0.62% | 0.28% |
| Hershey Co/The | 0.72% | 0.25% |
| Only in SCHD | Only in VO |
|---|---|
| QUALCOMM Inc 6.75% | Vertiv Holdings Co 1.23% |
| Texas Instruments Inc 5.92% | Western Digital Corp 1.07% |
| UnitedHealth Group Inc 5.10% | Seagate Technology Holdings PLC 1.05% |
| Coca-Cola Co/The 3.96% | Quanta Services Inc 1.05% |
| Merck & Co Inc 3.87% | Howmet Aerospace Inc 1.04% |
| Chevron Corp 3.84% | Cummins Inc 0.95% |
| Verizon Communications Inc 3.66% | Datadog Inc 0.84% |
| Procter & Gamble Co/The 3.55% | Bloom Energy Corp 0.79% |
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 | VO Vanguard Mid-Cap Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | Vanguard |
| What it is | US dividend | Mid-Cap |
| Total return, 1 year | +27.6% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.1 pts | −5.5 pts |
| Expense ratio | 0.06% | 0.03% |
| Already in the S&P 500 | 95.1% | 91.4% |
| Holdings | 99 | 282 |
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.
VO in plain words
VO is an index equity fund tracking the Mid-Cap. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 282 positions, with the top ten at 9.6%. It sat 4.1% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SCHD or VO?
- In the year to Sep 12, 2026, with distributions reinvested, SCHD returned +27.6% and VO returned +12.0%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHD or VO?
- SCHD charges 0.06% a year and VO charges 0.03%, so VO is cheaper. Fees come from each fund's prospectus.
- How much do SCHD and VO overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHD and 91% of VO by weight is stocks the S&P 500 already holds. Between the two funds, 7% 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 VO, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHD-VO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources