ETF comparison · Dividend and income
SCHD vs VYM: overlap by weight, TER & holdings
Schwab U.S. Dividend Equity ETF vs Vanguard High Dividend Yield ETF
Two takes on US dividends: VYM buys the whole above-average-yield half of the market; SCHD applies a stricter quality screen to a concentrated 100. Breadth versus selectivity.
SCHD vs VYM at a glance
| SCHD | VYM | |
|---|---|---|
| Fund | Schwab U.S. Dividend Equity ETF | Vanguard High Dividend Yield ETF |
| ISIN | US8085247976 | US9219464065 |
| Index | Dow Jones US Dividend 100 | FTSE High Dividend Yield |
| Market exposure | US dividend | US dividend |
| TER | 0.06% | 0.04% |
| Holdings in fund | 97 | 585 |
| Fund size | ≈ 104 bn USD | ≈ 99.2 bn USD |
| Domicile | the United States | the United States |
| Replication | Physical (full) | Physical (full) |
| Use of income | Distributing | Distributing |
| Launched | Oct 20, 2011 | Nov 10, 2006 |
Top shared holdings
| SCHD | VYM | |
|---|---|---|
| CVXChevron Corp | 4.01% | 1.55% |
| MRKMerck & Co Inc | 4.04% | 1.48% |
| UNHUnitedHealth Group Inc | 5.33% | 1.42% |
| KOCoca-Cola Co/The | 4.14% | 1.39% |
| PGProcter & Gamble Co/The | 3.71% | 1.37% |
| HDHome Depot Inc/The | 3.52% | 1.32% |
| TXNTexas Instruments Inc | 6.18% | 0.95% |
| AMGNAmgen Inc | 3.63% | 0.86% |
| VZVerizon Communications Inc | 3.82% | 0.84% |
| PEPPepsiCo Inc | 3.6% | 0.77% |
| ABTAbbott Laboratories | 3.1% | 0.77% |
| QCOMQUALCOMM Inc | 7.05% | 0.72% |
| COPConocoPhillips | 3.68% | 0.65% |
| BMYBristol-Myers Squibb Co | 3.07% | 0.55% |
| MOAltria Group Inc | 3.08% | 0.46% |
Weights per fund, normalized. 77 companies appear in both funds.
What the fee gap costs
Growth of 10,000 invested at 7% annual return, after each fund’s TER: 0.06% for SCHD, 0.04% for VYM.
| SCHD | VYM | Difference | |
|---|---|---|---|
| After 10 years | 19,561 | 19,598 | 37 |
| After 20 years | 38,265 | 38,409 | 143 |
| After 30 years | 74,852 | 75,273 | 421 |
VYM comes out ahead by about 421 per 10,000 invested over 30 years. TER only. Trading spreads, taxes and broker fees are not included.
Domicile and withholding tax
Both funds are domiciled in the United States, so fund-level dividend withholding works the same way for both. Domicile does not separate this pair.
Frequently asked questions
Do SCHD and VYM overlap?+
Yes: 21.32% by weight, with 77 holdings appearing in both funds. 99.26% of SCHD’s weight is also inside VYM.
Do SCHD and VYM track the same index?+
No. SCHD tracks the Dow Jones US Dividend 100 while VYM tracks the FTSE High Dividend Yield. The 21.32% overlap comes from companies that both indices include.
Which is cheaper, SCHD or VYM?+
VYM: 0.04% per year against 0.06% for SCHD. At 7% growth that gap is worth about 421 per 10,000 invested over 30 years.
Is it worth holding both SCHD and VYM?+
They overlap less than similar-looking funds (21.32% by weight), so holding both can make sense when you want each fund’s distinct exposure. Check the shared-holdings table for what you would be doubling up on.
Why does SCHD hold the same companies at higher weights?+
Same companies, smaller universe: SCHD spreads its weight across 97 holdings while VYM holds 585, so each shared position takes a larger slice of SCHD.
More comparisons
Methodology
Overlap is the sum of min(weight A, weight B) across holdings that appear in both funds, with each fund’s stored weights normalized to 100%. Holdings come from issuer feeds and regulatory filings in our ETF holdings database; TER and fund size come from fund profile data and are refreshed regularly. Figures update when the underlying holdings data updates.
Holdings data as of Aug 31, 2026, from our ETF holdings database.