SCHD vs HDV: Dividend Yield, Total Return & Fees Compared

Schwab U.S. Dividend Equity ETFiShares Core High Dividend ETF

Data as of the close · refreshed automatically every trading day

Performance: SCHD vs HDV

Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.

SCHDHDV

Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026

DividendDuel.com
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Higher yieldHDV3.14% vs 2.96%
Better 1-year total returnSCHD+38.08% vs +32.31%
Better 5-year total returnHDV+84.48% vs +62.57%
Expense ratio—SCHD 0.06% · HDV n/a

SCHD vs HDV at a glance

This page compares Schwab U.S. Dividend Equity ETF (SCHD) with iShares Core High Dividend ETF (HDV) using prices and distributions through November 9, 2026. The numbers update automatically after each trading session.

With dividends reinvested, SCHD has led over the last 12 months at +38.08% versus +32.31% for HDV. HDV currently yields 3.14% (trailing 12-month) against 2.96% for SCHD. Across five years the total-return gap is +84.48% for HDV vs +62.57% for SCHD.

The higher-yielding fund (HDV) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.

Key figures for SCHD and HDV
MetricSCHDHDV
Last close$35.65$30.55
Dividend yield2.96% (TTM)3.14% (TTM)
Expense ratio0.06%—
Paysquarterlymonthly
Dividends, last 12 months$1.05 (4 payments)$0.9585 (7 payments)
IssuerSchwabiShares
Inception——

Overview

Key fund stats as of the latest close.

ETFTTM yield1Y total returnLast closeLast dividendPaysIssuer
SCHDSchwab U.S. Dividend Equity ETF
2.96%
Best+38.08%$35.65$0.2665QuarterlySchwab
HDViShares Core High Dividend ETF
3.14%
+32.31%$30.55$0.1063MonthlyiShares

Total returns

Price change plus dividends paid, by holding period. Best in each period is outlined.

ETF1M3M6M1Y2Y5Y
SCHDSchwab U.S. Dividend Equity ETF+7.90%+6.00%+14.55%+38.08%+31.74%+62.57%
HDViShares Core High Dividend ETF+6.79%+7.11%+16.03%+32.31%+36.51%+84.48%

Dividends

Latest payout, trailing 12-month total and the last 12 distributions.

ETFLatest payoutvs. priorTrailing 12MRecent payouts
SCHDSchwab U.S. Dividend Equity ETF$0.2665Sep 23, 2026+5.54%$1.05414 payoutsDec 6, 2023: $0.2474Mar 20, 2024: $0.2037Jun 26, 2024: $0.2747Sep 25, 2024: $0.2515Dec 11, 2024: $0.2645Mar 26, 2025: $0.2488Jun 25, 2025: $0.2602Sep 24, 2025: $0.2604Dec 10, 2025: $0.2782Mar 25, 2026: $0.2569Jun 24, 2026: $0.2525Sep 23, 2026: $0.2665
HDViShares Core High Dividend ETF$0.1063Oct 21, 2026+89.99%$0.95857 payoutsSep 25, 2024: $0.2459Dec 17, 2024: $0.2243Mar 18, 2025: $0.159Jun 16, 2025: $0.1826Sep 16, 2025: $0.1899Dec 16, 2025: $0.2506Mar 17, 2026: $0.1686Jun 15, 2026: $0.185Jul 15, 2026: $0.0874Aug 19, 2026: $0.1046Sep 16, 2026: $0.056Oct 21, 2026: $0.1063

Downside and distribution variability

Income and ending returns do not describe the whole investment experience.

Across 1,265 shared trading dates from October 26, 2021 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -16.82% for SCHD and -15.39% for HDV. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.

SCHD's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.2525 to $0.2782 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

HDV's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.056 to $0.2506 per share across 7 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.

How the fund strategies differ

Strategy notes checked against issuer sources on ; market figures above update separately.

SCHD: Schwab U.S. Dividend Equity ETF

Tracks the Dow Jones U.S. Dividend 100 Index, which selects dividend-paying U.S. companies using dividend and fundamental-strength criteria.

An equity dividend strategy still carries stock-market risk. Distributions and share prices can fall; its sector mix can differ from a broad-market index.

Source: Schwab SCHD fund page. Read the current issuer documents for complete objectives, holdings and risks.

Recent distributions

The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.

SCHDHDV
Sep 23, 2026$0.2665Oct 21, 2026$0.1063
Jun 24, 2026$0.2525Sep 16, 2026$0.056
Mar 25, 2026$0.2569Aug 19, 2026$0.1046
Dec 10, 2025$0.2782Jul 15, 2026$0.0874
Sep 24, 2025$0.2604Jun 15, 2026$0.185
Jun 25, 2025$0.2602Mar 17, 2026$0.1686
Mar 26, 2025$0.2488Dec 16, 2025$0.2506
Dec 11, 2024$0.2645Sep 16, 2025$0.1899
Sep 25, 2024$0.2515Jun 16, 2025$0.1826
Jun 26, 2024$0.2747Mar 18, 2025$0.159
Mar 20, 2024$0.2037Dec 17, 2024$0.2243
Dec 6, 2023$0.2474Sep 25, 2024$0.2459

SCHD vs HDV: common questions

Which pays a higher dividend, SCHD or HDV?

As of November 9, 2026, SCHD yields 2.96% (trailing 12-month) and HDV yields 3.14% (trailing 12-month), so HDV currently pays the higher yield. A higher yield does not guarantee a higher total return.

Which has performed better, SCHD or HDV?

Over the past year with dividends reinvested, SCHD returned +38.08% and HDV returned +32.31%. Over five years, SCHD returned +62.57% and HDV returned +84.48%. Past performance does not predict future results.

What would $10,000 in SCHD vs HDV be worth after one year?

With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $13,808 in SCHD and $13,231 in HDV.

How often do SCHD and HDV pay dividends?

SCHD pays quarterly (4 payments in the last 12 months) and HDV pays monthly (7 payments).

Is SCHD or HDV the better investment?

It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.

Research SCHD and HDV beyond the yield

Compare payment history with total return and fees. Check whether a larger current yield comes with different drawdowns or less consistent distributions; a dividend-growth label does not promise future increases.

Review Schwab U.S. Dividend Equity ETF (SCHD) payment history and iShares Core High Dividend ETF (HDV) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.

For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.

Related comparisons

More side-by-side comparisons with SCHD and HDV.

Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.