SCHD vs SPYI: Yield, Cost and Returns Compared
As of Nov 7, 2026, SPYI yields more: 12.33% (dividend yield) against 3.00% for SCHD. SCHD is cheaper to own at 0.06% a year vs 0.68%. Over the same 4 years (Aug 2022 to Oct 2026), SPYI returned 14.8% a year with distributions reinvested, and SCHD 14.1%.
SCHDSchwab U.S. Dividend Equity ETF3.00%dividend yield
SPYINeos S&P 500(R) High Income ETF12.33%dividend yield| Compared | SCHD | SPYI |
|---|---|---|
| YieldDividend yield | 3.00% | 12.33% |
| Expense ratio | 0.06% | 0.68% |
| Total return, 1 yr | +38.5% | +11.9% |
| Total return, 3 yr (a year) | +20.7% | +18.0% |
| Total return, 5 yr (a year) | +10.6% | — |
| Total return, 10 yr (a year) | +13.7% | — |
| Worst drop since Aug 2022 | -11.0% | -7.8% |
| Share price since Aug 2022 | +48% | +7% |
| Pays | Quarterly | Monthly |
| Issuer | Schwab | Neos |
| Assets | $121.1B | $12.5B |
| Started | 2011 | 2022 |
| Type | Large Value | Derivative Income |
Higher yield
SPYI
12.33%
Lower cost
SCHD
0.06%
Better total return
SPYI
14.8%/yr
Smaller worst drop
SPYI
-7.8%
Key facts: SCHD vs SPYI
Data as of · Source: SmarterDividends data
- As of Nov 7, 2026, SCHD yields 3.00% (dividend yield) and SPYI yields 12.33% (dividend yield).
- SCHD's expense ratio is 0.06% and SPYI's is 0.68%: $6 vs $68 a year on $10,000.
- From Aug 2022 to Oct 2026, $10,000 in SCHD grew to $17,302 (14.1% a year) and $10,000 in SPYI to $17,743 (14.8% a year), distributions reinvested.
- Their worst month-end drops over that time: -11.0% for SCHD and -7.8% for SPYI.
- 0 of SCHD's top ten holdings are also in SPYI's top ten.
Cite this page
SmarterDividends, "SCHD vs SPYI: Yield, Cost and Returns Compared," updated Nov 7, 2026, https://smarterdividends.com/compare/schd-vs-spyi
$10,000 in each, Aug 2022 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
SCHD became
$17,302
14.1% a year
SPYI became
$17,743
14.8% a year
Year by year
| Year | SCHD | SPYI |
|---|---|---|
| 2025 | +4.3% | +16.7% |
| 2024 | +11.7% | +19.0% |
| 2023 | +4.5% | +18.1% |
Total return each calendar year, distributions reinvested.
Top holdings
No overlap in the top ten.
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%
SPYI
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.0%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
SCHD vs SPYI: questions
Is SCHD or SPYI better?
It depends on the job. SPYI pays more today (12.33% vs 3.00%), SCHD costs less, and SPYI has the better total return over Aug 2022 to Oct 2026, with SPYI 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 SPYI?
SPYI, at 12.33% against 3.00% for SCHD as of Nov 7, 2026. On $10,000 that's about $1,233 vs $300 a year at today's rates.
Which has the better total return?
SPYI. From Aug 2022 to Oct 2026, it returned 14.8% a year with distributions reinvested, against 14.1% for SCHD. $10,000 became $17,743 vs $17,302.
Which is cheaper, SCHD or SPYI?
SCHD, with a 0.06% expense ratio against 0.68%.
Do SCHD and SPYI hold the same things?
Not at the top: none of their top ten holdings match.
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 4 of 6 measures above. For information only, not investment advice. Last fund data: Nov 7, 2026.