SCHD vs SPHD: Yield, Cost and Returns Compared
As of Nov 8, 2026, SPHD yields more: 4.76% (dividend yield) against 3.00% for SCHD. SCHD is cheaper to own at 0.06% a year vs 0.30%. Over the same 14 years (Oct 2012 to Oct 2026), SCHD returned 13.5% a year with distributions reinvested, and SPHD 9.7%.
SCHDSchwab U.S. Dividend Equity ETF3.00%dividend yield
SPHDInvesco S&P 500 High Dividend Low Volatility ETF4.76%dividend yield| Compared | SCHD | SPHD |
|---|---|---|
| YieldDividend yield | 3.00% | 4.76% |
| Expense ratio | 0.06% | 0.30% |
| Total return, 1 yr | +38.5% | +15.5% |
| Total return, 3 yr (a year) | +20.7% | +15.7% |
| Total return, 5 yr (a year) | +10.6% | +8.3% |
| Total return, 10 yr (a year) | +13.7% | +7.7% |
| Worst drop since Oct 2012 | -21.6% | -30.9% |
| Share price since Oct 2012 | +277% | +108% |
| Pays | Quarterly | Monthly |
| Issuer | Schwab | Invesco |
| Assets | $121.1B | $3.4B |
| Started | 2011 | 2012 |
| Type | Large Value | Large Value |
Higher yield
SPHD
4.76%
Lower cost
SCHD
0.06%
Better total return
SCHD
13.5%/yr
Smaller worst drop
SCHD
-21.6%
Key facts: SCHD vs SPHD
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, SCHD yields 3.00% (dividend yield) and SPHD yields 4.76% (dividend yield).
- SCHD's expense ratio is 0.06% and SPHD's is 0.30%: $6 vs $30 a year on $10,000.
- From Oct 2012 to Oct 2026, $10,000 in SCHD grew to $58,560 (13.5% a year) and $10,000 in SPHD to $36,575 (9.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -21.6% for SCHD and -30.9% for SPHD.
- 1 of SCHD's top ten holdings are also in SPHD's top ten, an overlap of at least 2% of the fund.
Cite this page
SmarterDividends, "SCHD vs SPHD: Yield, Cost and Returns Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/schd-vs-sphd
$10,000 in each, Oct 2012 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
SCHD became
$58,560
13.5% a year
SPHD became
$36,575
9.7% a year
Year by year
| Year | SCHD | SPHD |
|---|---|---|
| 2025 | +4.3% | +3.4% |
| 2024 | +11.7% | +18.1% |
| 2023 | +4.5% | +1.3% |
| 2022 | −3.3% | +0.6% |
| 2021 | +29.8% | +25.0% |
| 2020 | +15.0% | −10.0% |
| 2019 | +27.3% | +20.2% |
| 2018 | −5.6% | −6.2% |
| 2017 | +20.8% | +11.9% |
| 2016 | +16.2% | +22.4% |
| 2015 | −0.4% | +5.1% |
| 2014 | +11.4% | +20.0% |
| 2013 | +32.8% | +20.8% |
Total return each calendar year, distributions reinvested.
Top holdings
1 of the top ten overlap, at least 2% of each fund.
SCHD
- TXN Texas Instruments Inc4.6%
- COP ConocoPhillips4.3%
- CVX Chevron Corp4.3%
- PG Procter & Gamble Co4.2%
- KO Coca-Cola Co4.1%
- AMGN Amgen Inc4.1%
- HD The Home Depot Inc4.0%
- UNH UnitedHealth Group Inc3.9%
- MRK Merck & Co Inc3.8%
- PEP PepsiCo Inc3.8%
SPHD
- PFE Pfizer Inc3.8%
- VZ Verizon Communications Inc3.1%
- CCI Crown Castle Inc2.9%
- MO Altria Group Inc2.9%
- KHC The Kraft Heinz Co2.9%
- GIS General Mills Inc2.8%
- VICI VICI Properties Inc Ordinary Shares2.8%
- CMCSA Comcast Corp Class A2.4%
- CVX Chevron Corp2.4%
- OKE ONEOK Inc2.3%
SCHD vs SPHD: questions
Is SCHD or SPHD better?
It depends on the job. SPHD pays more today (4.76% vs 3.00%), SCHD costs less, and SCHD has the better total return over Oct 2012 to Oct 2026, with SCHD holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, SCHD or SPHD?
SPHD, at 4.76% against 3.00% for SCHD as of Nov 8, 2026. On $10,000 that's about $476 vs $300 a year at today's rates.
Which has the better total return?
SCHD. From Oct 2012 to Oct 2026, it returned 13.5% a year with distributions reinvested, against 9.7% for SPHD. $10,000 became $58,560 vs $36,575.
Which is cheaper, SCHD or SPHD?
SCHD, with a 0.06% expense ratio against 0.30%.
Do SCHD and SPHD hold the same things?
Partly. 1 of their top ten holdings match (CVX), at least 2% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SCHD leads on 7 of 8 measures above. For information only, not investment advice. Last fund data: Nov 8, 2026.