SPYI vs SCHD: Dividend Yield, Total Return & Fees Compared
NEOS S&P 500 High IncomeSchwab U.S. Dividend Equity ETF
Data as of the close · refreshed automatically every trading day
SPYI vs SCHD at a glance
NEOS S&P 500 High Income (SPYI) and Schwab U.S. Dividend Equity ETF (SCHD) are compared below using data through the September 25, 2026 close, refreshed after every trading day.
Over the past year, SCHD returned +27.35% with dividends reinvested, compared with +16.64% for SPYI. SPYI currently yields 11.82% (trailing 12-month) against 3.18% for SCHD.
The higher-yielding fund (SPYI) 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 | SPYI | SCHD |
|---|---|---|
| Last close | $53.65 | $33.21 |
| Dividend yield | 11.82% (TTM) | 3.18% (TTM) |
| Expense ratio | 0.68% | 0.06% |
| Pays | monthly | quarterly |
| Dividends, last 12 months | $6.34 (12 payments) | $1.06 (4 payments) |
| Issuer | NEOS Investments | Schwab |
| Inception | Aug 31, 2022 | Oct 21, 2011 |
Performance: SPYI 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.
| SPYI | SCHD | ||
|---|---|---|---|
| Sep 16, 2026 | $0.534 | Sep 23, 2026 | $0.267 |
| Aug 19, 2026 | $0.542 | Jun 24, 2026 | $0.253 |
| Jul 22, 2026 | $0.530 | Mar 25, 2026 | $0.257 |
| Jun 16, 2026 | $0.531 | Dec 10, 2025 | $0.278 |
| May 20, 2026 | $0.535 | Sep 24, 2025 | $0.260 |
| Apr 22, 2026 | $0.525 | Jun 25, 2025 | $0.260 |
| Mar 18, 2026 | $0.510 | Mar 26, 2025 | $0.249 |
| Feb 18, 2026 | $0.522 | Dec 11, 2024 | $0.265 |
| Jan 21, 2026 | $0.531 | Sep 25, 2024 | $0.250 |
| Dec 24, 2025 | $0.532 | Jun 26, 2024 | $0.270 |
| Nov 26, 2025 | $0.522 | Mar 20, 2024 | $0.200 |
| Oct 22, 2025 | $0.527 | Dec 6, 2023 | $0.250 |
SPYI vs SCHD: common questions
Which pays a higher dividend, SPYI or SCHD?
As of September 25, 2026, SPYI yields 11.82% (trailing 12-month) and SCHD yields 3.18% (trailing 12-month), so SPYI currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, SPYI or SCHD?
Over the past year with dividends reinvested, SPYI returned +16.64% and SCHD returned +27.35%. Past performance does not predict future results.
What would $10,000 in SPYI vs SCHD be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $11,664 in SPYI and $12,735 in SCHD.
Which is cheaper to own, SPYI or SCHD?
SCHD has the lower expense ratio at 0.06% a year, compared with 0.68% for SPYI. On $10,000 that is roughly $6 vs $68 a year.
How often do SPYI and SCHD pay dividends?
SPYI pays monthly (12 payments in the last 12 months) and SCHD pays quarterly (4 payments).
Is SPYI 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 SPYI 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.