Data as of Oct 28, 2026.
SCHD vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHD returned +34.5% to SPHQ's +14.1%; 14% of their weight is in the same names.
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Net assets: $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF, and $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
SCHD costs 0.09 points a year less; their one-year returns differ by 20.4 points.
| Measure | SCHD | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +34.5% | +14.1% |
| Drawdown | ||
| Below its high | 6.4%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Dividend 100 Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.06% | 0.15% |
| Net assets, SCHD as of Aug 31, 2026 and SPHQ as of Oct 27, 2026 | $112.3bn | $18.7bn |
| Holdings | ||
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 41.7% | 43.3% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsSPHQ returned more: +653.4% to +554.4%. SCHD and SPHQ swung about the same: 14.8% and 15.1%. SPHQ fell slightly less at its worst: −28.8% to −31.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHD | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +554.4% | +653.4% | SPHQ | Price change plus distributions, reinvested. |
| Annualized | +13.3% | +14.4% | SPHQ (slight) | Total return as a yearly rate. |
| Price return | +306.8% | +487.8% | SPHQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.8% | 15.1% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.4% | 10.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.5% | −28.8% | SPHQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.80 | 0.85 | SPHQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.15 | 1.24 | SPHQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.42 | 0.50 | SPHQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 782 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHD and SPHQ hold 14% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
14% in common
Only in one fund ↓
Side by side
SCHD and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHD and SPHQ do different jobs. What does each one do in a portfolio?
- What each follows. SCHD follows Dow Jones U.S. Dividend 100 Index and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 14% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHD returned +34.5% and SPHQ +14.1% with distributions reinvested, a gap of 20.4 points.
Data as of Oct 28, 2026.
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SCHD
SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SCHD or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, SCHD returned +34.5% and SPHQ +14.1%.
- Which is cheaper, SCHD or SPHQ?
- SCHD is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SCHD against SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/schd-vs-sphq
ETFIQ. (Oct 28, 2026). SCHD against SPHQ. Retrieved from https://etfiq.com/compare/any/schd-vs-sphq
[SCHD against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schd-vs-sphq)
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