SCHD vs VYM
Schwab US Dividend Equity ETF against Vanguard High Dividend Yield ETF.
The short answer
SCHD is nearly a subset of VYM: 99.2% of its weight sits in 79 companies VYM also holds. VYM then adds 525 more, Broadcom, JPMorgan and Exxon among them, at a lower yield of 2.22% against 3.0%.
The two funds
- Last close, 2026-09-04
- $34.80 -0.80%
- Cost per year
- 0.06%
- Return, 1 year
- 30.5%higher
- Return, 3 years
- 58.3%
- Worst fall, 3 years
- -12.8%
- Volatility
- 12.8%
- Positions
- 102
- Top 10 weight
- 42.2%
- Last close, 2026-09-04
- $164.23 -0.40%
- Cost per year
- 0.04%cheaper
- Return, 1 year
- 20.6%
- Return, 3 years
- 67.0%higher
- Worst fall, 3 years
- -12.1%shallower
- Volatility
- 12.3%calmer
- Positions
- 604
- Top 10 weight
- 26.2%
SCHD and VYM, prices through 2026-09-04. How the badges are decided.
Holdings overlap
79 companies sit in both funds. That is 99.2% of SCHD's own weight and 21.4% of VYM's.
Side by side
Issuer files, SCHD 3 Sep 2026, VYM 31 Jul 2026
What the numbers say
A hundred inside six hundred
SCHD's 102 positions almost all reappear in VYM's 604: 99.2% of SCHD's weight is in the 79 companies both hold. The reverse figure is 21.4%, because VYM's yield screen admits 525 companies that SCHD's stricter ranking does not, and the overlap by weight comes to 21.4%.
The largest position in VYM is not in SCHD
Broadcom is VYM's biggest holding and absent from SCHD, as are JPMorgan, Exxon, Johnson & Johnson, Cisco, AbbVie and Bank of America. What both hold, they hold at different sizes: UnitedHealth, Chevron, Coca-Cola, Procter & Gamble and Merck are each several times heavier in SCHD, which puts 42.2% of its weight in ten companies against 26.2% for VYM.
More yield, and a different path
SCHD yields 3.0% against 2.22% for VYM and costs 0.06% against 0.04%, $2 a year on $10,000. The return figures diverge by window: SCHD led over the past year at 30.5% against 20.6%, VYM led over three years at 67.0% against 58.3% and over five at 80.2% against 64.1%. Volatility was 12.8% against 12.3%, the worst falls -12.8% and -12.1%.
Correlation that dropped in the last year
Over five years their weekly returns correlated at 0.93; over the past year at 0.71, a low figure for two US dividend funds whose smaller member is almost wholly inside the larger. SCHD's beta of 0.52 against 0.69 for VYM says the same thing: SCHD's hundred moved less with the market. Held together, VYM's 525 extra companies dilute SCHD's yield and add Broadcom.
Where they hold the same companies
| Measure | Value |
|---|---|
| Overlap by weight | 21.4% |
| Share of SCHD held in common with VYM | 99.2% |
| Share of VYM held in common with SCHD | 21.4% |
| Companies in both | 79 |
| Positions in SCHD / VYM | 102 / 604 |
SCHD holdings as published 2026-09-03, VYM 2026-07-31.
Largest positions held by both
| Rank | Company | In SCHD | In VYM | Weight in each | Overlap |
|---|---|---|---|---|---|
| 1 | UNH Unitedhealth Group Inc | 3.93% | 1.52% | 1.52% | |
| 2 | CVX Chevron | 4.11% | 1.49% | 1.49% | |
| 3 | KO Coca-Cola | 4.16% | 1.39% | 1.39% | |
| 4 | PG Procter & Gamble | 3.87% | 1.37% | 1.37% | |
| 5 | HD Home Depot | 3.75% | 1.35% | 1.35% | |
| 6 | MRK Merck & Co Inc | 4.91% | 1.31% | 1.31% | |
| 7 | TXN Texas Instrument Inc | 3.04% | 1.02% | 1.02% | |
| 8 | VZ Verizon Communications Inc | 4.01% | 0.8% | 0.8% | |
| 9 | PEP Pepsico | 3.63% | 0.78% | 0.78% | |
| 10 | AMGN Amgen Inc | 4.85% | 0.78% | 0.78% | |
| 11 | ABT Abbott Laboratories | 4.61% | 0.75% | 0.75% | |
| 12 | QCOM Qualcomm | 2.49% | 0.63% | 0.63% | |
| 13 | COP Conocophillips | 4.02% | 0.6% | 0.6% | |
| 14 | BMY Bristol Myers Squibb | 3.38% | 0.54% | 0.54% | |
| 15 | LMT Lockheed Martin Corp | 2.63% | 0.48% | 0.48% |
Held by only one of them
| In SCHD only | Weight | In VYM only | Weight |
|---|---|---|---|
| ERIE Erie Indemnity | 0.16% | AVGO Broadcom Inc. | 7.37% |
| FHI Federated Hermes Inc | 0.11% | JPM JPMorgan Chase & Co. | 3.83% |
| GVMXX SSC Government MM Gvmxx | 0.06% | XOM ExxonMobil Holdings Corp. | 2.63% |
| OFG Ofg Bancorp | 0.05% | JNJ Johnson & Johnson | 2.51% |
| AGM Federal Agricultural Mortgage Non | 0.05% | CSCO Cisco Systems Inc. | 1.87% |
| NBHC National Bank Holdings Corp Class | 0.05% | ABBV AbbVie Inc. | 1.81% |
| GABC German American Bancorp Inc | 0.05% | BAC Bank of America Corp. | 1.67% |
| LKFN Lakeland Financial Corp | 0.04% | CAT Caterpillar Inc. | 1.51% |
| PFBC Preferred Bank | 0.03% | PM Philip Morris International Inc. | 1.21% |
| VRTS Virtus Investment Partners | 0.02% | RTX RTX Corp. | 1.18% |
Covariance and correlation
Covariance, annualised (%2)
| SCHD | VYM | |
|---|---|---|
| SCHD | 164 | 138.1 |
| VYM | 138.1 | 151 |
Percent squared per year, three years of weekly returns
Correlation, 3 years
| SCHD | VYM | |
|---|---|---|
| SCHD | 1.00 | 0.88usually in step |
| VYM | 0.88usually in step | 1.00 |
Weekly total returns, what the bands mean
Check it: 138.1 divided by (12.8 × 12.3) is 0.88, the correlation in the second matrix.
One year, side by side
Cost, returns and risk
| Measure | SCHD | VYM |
|---|---|---|
| Expense ratio | 0.06% | 0.04% |
| Dividend yield | 3.00% | 2.22% |
| Total return, 1 year | 30.5% | 20.6% |
| Total return, 3 years cumulative | 58.3% | 67.0% |
| Total return, 5 years cumulative | 64.1% | 80.2% |
| Volatility, annualised on 3 years of weekly returns | 12.8% | 12.3% |
| Worst fall in 3 years, peak to trough, weekly closes | -12.8% | -12.1% |
| Beta against the S&P 500 | 0.52 | 0.69 |
| Positions held | 102 | 604 |
| Weight in the ten largest positions | 42.2% | 26.2% |
| Weight in the single largest position | 4.9% | 7.4% |
| Assets (Vanguard: whole fund, all share classes) | $112.3B | $100.7B |
Prices through 2026-09-04.
Year by year
| Year | SCHD | VYM |
|---|---|---|
| 2026 | 29.0% | 15.8% |
| 2025 | 4.3% | 15.4% |
| 2024 | 11.7% | 17.6% |
| 2023 | 4.5% | 6.6% |
| 2022 | -3.3% | -0.4% |
Do they move together
| Window | Correlation of weekly returns |
|---|---|
| 1 year | 0.71 |
| 3 years | 0.88 |
| 5 years | 0.93 |
Where to go next
- SCHD, the full page: every holding, and what else it duplicates
- VYM, the full page
- SCHG vs VUG
- VGT vs XLK
- VOO vs VTI
- Run the x-ray on your whole portfolio, this pair included
- Check any other pair in the overlap calculator
How these numbers are produced · Ask the same questions from your assistant
