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SCHD vs. SPY

Schwab US Dividend Equity ETF

SCHD
$--
vs

SPDR S&P 500 ETF Trust

SPY
$--

Correlation

SCHDSchwab US Dividend Equity ETF
SPYSPDR S&P 500 ETF Trust

What is SCHD?

The ETF seeks investment results that track, as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index. Provides exposure to high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends and have strong relative fundamental strength based on select financial ratios.

Snapshot
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SCHD Schwab US Dividend Equity ETF
SPY SPDR S&P 500 ETF Trust
Inception date
Oct 20, 2011
Jan 22, 1993
Expense ratio
0.06%
0.09%
SCHD has a lower expense ratio than SPY by 0.03%. This can indicate that it’s cheaper to invest in SCHD than SPY.
Type
US Equities
US Equities
SCHD targets investing in US Equities, while SPY targets investing in US Equities.
Fund owner
Schwab
State Street (SPDR)
SCHD is managed by Schwab, while SPY is managed by State Street (SPDR).
Volume (1m avg. daily)
$191,902,599
$33,257,618,740
Both SCHD and SPY are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$47,737,029,197
$400,404,126,565
SCHD has more assets under management than SPY by $352,667,097,368. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Dow Jones U.S. Dividend 100 Index
S&P 500 Index
SCHD is based off of the Dow Jones U.S. Dividend 100 Index, while SPY is based off of the S&P 500 Index
Inverse/Leveraged
No
No
SCHD and SPY use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SCHD and SPY both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
Yes
No
SCHD may offer dividends, while SPY does not. The frequency and yield of the dividend for SCHD may vary.
Prospectus
SPY may issue a K1, while SCHD does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.

Automated Strategies
Related toSCHD

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Automated Strategies
Related toSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

News Related to SCHD

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Apr 24, 2025 • by Chandrima Sanyal
SCHD Is Down, But Its Dividend Is Up And These 2 ETFs Are Quietly Catching Up

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Apr 4, 2025 • by Nic Chahine
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Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.