# SCHD vs VYM

Schwab US Dividend Equity ETF against Vanguard High Dividend Yield ETF.

Canonical page: https://tickerinside.com/compare/schd-vs-vym/
Prices through 2026-09-04. SCHD holdings as published 2026-09-03, VYM 2026-07-31.
Licence: CC BY 4.0, attribution to TickerInside.

## 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%.

## Key figures

| Measure | Value |
| --- | --- |
| Holdings overlap by weight | 21.4% |
| Companies held by both | 79 |
| Share of SCHD held in common | 99.2% |
| Share of VYM held in common | 21.4% |
| Correlation of weekly returns, 3 years | 0.88 |
| Cost per year | SCHD 0.06%, VYM 0.04% |
| Return, 3 years | SCHD 58.3%, VYM 67.0% |
| Worst fall, 3 years | SCHD -12.8%, VYM -12.1% |
| Volatility, annualised | SCHD 12.8%, VYM 12.3% |
| Positions | SCHD 100, VYM 604 |

## Analysis

### 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.

## Largest positions held by both

| Ticker | Company | In SCHD | In VYM | Counted as overlap |
| --- | --- | --- | --- | --- |
| UNH | Unitedhealth Group Inc | 3.93% | 1.52% | 1.52% |
| CVX | Chevron | 4.11% | 1.49% | 1.49% |
| KO | Coca-Cola | 4.16% | 1.39% | 1.39% |
| PG | Procter & Gamble | 3.87% | 1.37% | 1.37% |
| HD | Home Depot | 3.75% | 1.35% | 1.35% |
| MRK | Merck & Co Inc | 4.91% | 1.31% | 1.31% |
| TXN | Texas Instrument Inc | 3.04% | 1.02% | 1.02% |
| VZ | Verizon Communications Inc | 4.01% | 0.8% | 0.8% |
| PEP | Pepsico | 3.63% | 0.78% | 0.78% |
| AMGN | Amgen Inc | 4.85% | 0.78% | 0.78% |
| ABT | Abbott Laboratories | 4.61% | 0.75% | 0.75% |
| QCOM | Qualcomm | 2.49% | 0.63% | 0.63% |
| COP | Conocophillips | 4.02% | 0.6% | 0.6% |
| BMY | Bristol Myers Squibb | 3.38% | 0.54% | 0.54% |
| LMT | Lockheed Martin Corp | 2.63% | 0.48% | 0.48% |

## Covariance and correlation

Covariance is annualised and expressed in percent squared, so the diagonal is each fund's variance. Dividing the off-diagonal by the two volatilities returns the correlation.

| | SCHD | VYM |
| --- | --- | --- |
| SCHD | 164 | 138.1 |
| VYM | 138.1 | 151 |

Correlation over 1, 3 and 5 years: 0.71, 0.88, 0.93.

## Method

How every figure is produced: https://tickerinside.com/how-the-numbers-are-produced/
Machine readable version of this comparison: https://tickerinside.com/api/v1/compare/schd-vs-vym.json