Data Reference · Updated 2026-07-11
SCHD vs VYM: quality-screened dividend growth vs broad high-yield
Schwab U.S. Dividend Equity ETF (SCHD) vs Vanguard High Dividend Yield Index ETF (VYM) — a concentrated 100-ish-stock quality screen vs a 600+ name broad high-yield basket, expense ratio and holdings from SEC filings.
Key takeaway
VYM is the cheaper fund (0.04% vs 0.06% expense ratio), and VYM is the larger fund ($94.63B net assets). And their disclosed top-10 holdings share 1 name — overlapping at the top, but not interchangeable.
Not investment advice. Figures are sourced from SEC filings and are current as of the dates cited below, not real-time.
SCHD
- Price
- $32.4
- Net Assets
- $85.90B
- Expense Ratio
- 0.06%
- Beta
- 0.58
- Holdings
- 101
VYM
- Price
- $161.06
- Net Assets
- $94.63B
- Expense Ratio
- 0.04%
- Beta
- 0.69
- Holdings
- 621
What the filings show
- VYM's 0.04% expense ratio undercuts SCHD's 0.06% — on a $10,000 position that's roughly $2 per year less in fees, before any difference in returns.
- VYM runs a larger asset base ($94.63B vs $85.90B), which tends to mean tighter bid-ask spreads.
- SCHD concentrates its portfolio in fewer names (101 holdings vs VYM's 621).
- 1 name (Chevron Corp) appears in both funds' top 10 holdings.
Top 10 holdings, both funds
Holding | Fund | % of Net Assets |
|---|---|---|
| Lockheed Martin Corp | SCHD | 4.82% |
| ConocoPhillips | SCHD | 4.32% |
| Verizon Communications Inc | SCHD | 4.31% |
| Chevron Corp | SCHD | 4.31% |
| Bristol-Myers Squibb Co | SCHD | 4.28% |
| Merck & Co Inc | SCHD | 4.24% |
| Altria Group Inc | SCHD | 4.14% |
| Texas Instruments Inc | SCHD | 4.06% |
| Coca-Cola Co/The | SCHD | 4.03% |
| PepsiCo Inc | SCHD | 4.01% |
| Broadcom Inc | VYM | 8.03% |
| JPMorgan Chase & Co | VYM | 3.34% |
| Exxon Mobil Corp | VYM | 2.72% |
| Johnson & Johnson | VYM | 2.30% |
| Caterpillar Inc | VYM | 1.72% |
| AbbVie Inc | VYM | 1.56% |
| Cisco Systems Inc | VYM | 1.52% |
| Chevron Corp | VYM | 1.51% |
| Bank of America Corp | VYM | 1.44% |
| Procter & Gamble Co/The | VYM | 1.44% |
Sort by:
HoldingLockheed Martin Corp
FundSCHD
% of Net Assets4.82%
HoldingConocoPhillips
FundSCHD
% of Net Assets4.32%
HoldingVerizon Communications Inc
FundSCHD
% of Net Assets4.31%
HoldingChevron Corp
FundSCHD
% of Net Assets4.31%
HoldingBristol-Myers Squibb Co
FundSCHD
% of Net Assets4.28%
HoldingMerck & Co Inc
FundSCHD
% of Net Assets4.24%
HoldingAltria Group Inc
FundSCHD
% of Net Assets4.14%
HoldingTexas Instruments Inc
FundSCHD
% of Net Assets4.06%
HoldingCoca-Cola Co/The
FundSCHD
% of Net Assets4.03%
HoldingPepsiCo Inc
FundSCHD
% of Net Assets4.01%
HoldingBroadcom Inc
FundVYM
% of Net Assets8.03%
HoldingJPMorgan Chase & Co
FundVYM
% of Net Assets3.34%
HoldingExxon Mobil Corp
FundVYM
% of Net Assets2.72%
HoldingJohnson & Johnson
FundVYM
% of Net Assets2.30%
HoldingCaterpillar Inc
FundVYM
% of Net Assets1.72%
HoldingAbbVie Inc
FundVYM
% of Net Assets1.56%
HoldingCisco Systems Inc
FundVYM
% of Net Assets1.52%
HoldingChevron Corp
FundVYM
% of Net Assets1.51%
HoldingBank of America Corp
FundVYM
% of Net Assets1.44%
HoldingProcter & Gamble Co/The
FundVYM
% of Net Assets1.44%
From the research desk
Data pages tell you what is; our tracked research asks why the market missed it.
- CRA International: The Expert Witness Economics Firm Hiding in Plain Sight RES-2026-026
- Biglari Holdings (BH): When the Investment Portfolio Holds the Company's Own Stock RES-2026-025
- John B. Sanfilippo & Son (JBSS): The Nut Company Analysts Stopped Watching RES-2026-024
- Daily Journal Corporation (DJCO): The Newspaper That Became a Court SaaS RES-2026-023
Background reading
Sector context and analytical frameworks that inform how we evaluate individual names.
Sources
- SCHD expense ratio (0.06%, as of 2026-02-27): SEC 497K Summary Prospectus
- VYM expense ratio (0.04%, as of 2026-02-27): SEC 497K Summary Prospectus (ETF Shares)
- SCHD holdings (2026-02-28): SEC Form N-PORT-P
- VYM holdings (2026-04-30): SEC Form N-PORT-P
- Price/beta: SCHD on FMP, VYM on FMP
- Net assets are as filed for the fund series — for multi-class funds (e.g. Vanguard) that is all share classes combined, not the ETF class alone.