SPYD vs SCHD: Dividend Yield, Total Return & Fees Compared
State Street SPDR Portfolio S&P 500 High Dividend ETFSchwab U.S. Dividend Equity ETF
Data as of the close · refreshed automatically every trading day
SPYD vs SCHD at a glance
This page compares State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) with Schwab U.S. Dividend Equity ETF (SCHD) using prices and distributions through September 25, 2026. The numbers update automatically after each trading session.
With dividends reinvested, SCHD has led over the last 12 months at +27.35% versus +11.53% for SPYD. SPYD currently yields 4.46% (trailing 12-month) against 3.18% for SCHD. Across five years the total-return gap is +57.83% for SCHD vs +46.43% for SPYD.
The higher-yielding fund (SPYD) 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.
| Metric | SPYD | SCHD |
|---|---|---|
| Last close | $46.19 | $33.21 |
| Dividend yield | 4.46% (TTM) | 3.18% (TTM) |
| Expense ratio | — | 0.06% |
| Pays | quarterly | quarterly |
| Dividends, last 12 months | $2.06 (4 payments) | $1.06 (4 payments) |
| Issuer | State Street | Schwab |
| Inception | — | Oct 21, 2011 |
Performance: SPYD vs SCHD
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| SPYD | SCHD | ||
|---|---|---|---|
| Sep 21, 2026 | $0.518 | Sep 23, 2026 | $0.267 |
| Jun 22, 2026 | $0.543 | Jun 24, 2026 | $0.253 |
| Mar 23, 2026 | $0.450 | Mar 25, 2026 | $0.257 |
| Dec 22, 2025 | $0.549 | Dec 10, 2025 | $0.278 |
| Sep 22, 2025 | $0.489 | Sep 24, 2025 | $0.260 |
| Jun 23, 2025 | $0.500 | Jun 25, 2025 | $0.260 |
| Mar 24, 2025 | $0.419 | Mar 26, 2025 | $0.249 |
| Dec 20, 2024 | $0.547 | Dec 11, 2024 | $0.265 |
| Sep 20, 2024 | $0.457 | Sep 25, 2024 | $0.250 |
| Jun 21, 2024 | $0.487 | Jun 26, 2024 | $0.270 |
| Mar 15, 2024 | $0.373 | Mar 20, 2024 | $0.200 |
| Dec 15, 2023 | $0.534 | Dec 6, 2023 | $0.250 |
SPYD vs SCHD: common questions
Which pays a higher dividend, SPYD or SCHD?
As of September 25, 2026, SPYD yields 4.46% (trailing 12-month) and SCHD yields 3.18% (trailing 12-month), so SPYD currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, SPYD or SCHD?
Over the past year with dividends reinvested, SPYD returned +11.53% and SCHD returned +27.35%. Over five years, SPYD returned +46.43% and SCHD returned +57.83%. Past performance does not predict future results.
What would $10,000 in SPYD vs SCHD be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $11,153 in SPYD and $12,735 in SCHD.
How often do SPYD and SCHD pay dividends?
SPYD pays quarterly (4 payments in the last 12 months) and SCHD pays quarterly (4 payments).
Is SPYD or SCHD 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.
Related comparisons
More side-by-side comparisons with SPYD and SCHD.
Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.