Dividend comparison
FXAIX vs SCHB: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity 500 Index Fund and Schwab U.S. Broad Market ETF, side by side. Updated October 21, 2026.
FXAIX vs SCHB: key differences
The short answer, from the latest data on this page.
- Income. Their trailing yields are almost the same: 1.04% for FXAIX and 1.04% for SCHB. Both pay quarterly.
- Performance. Over the last 5 years, FXAIX returned 80.4% versus 72.5% for SCHB, with dividends reinvested. $10,000 would have grown to $18,039 in FXAIX and $17,247 in SCHB.
- Risk. Their worst declines over the last 5 years were similar: -24.5% for FXAIX and -25.4% for SCHB from peak to trough.
- Diversification. SCHB holds 2,394 positions and FXAIX holds 100. The ten largest positions make up 37.8% of FXAIX and 34.3% of SCHB.
- Overlap. At least 66% of the two portfolios overlap by weight, across 92 shared holdings.
- Dividend growth. FXAIX grew its yearly payout 7.0% a year over the last 4 years, versus 6.9% for SCHB.
Bottom line: FXAIX fits better if you care most about stronger 5-year returns. SCHB fits better if you care most about broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | FXAIX Fidelity 500 Index Fund | SCHB Schwab U.S. Broad Market ETF |
|---|---|---|
| Dividend yield (TTM) | 1.04% | 1.04% |
| Dividend / share (TTM) | $2.80 | $0.31 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.7130 on Oct 5, 2026 | $0.0809 on Sep 28, 2026 |
| Ex-dividend date | Oct 2, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 7.0% over 4 yrs | 6.9% over 4 yrs |
| Price | $268.06 | $29.51 |
| Dividend growth streak | 4 years | 7 years |
| Beta | 1.00 | 1.03 |
| Max drawdown (5Y) | -24.5% | -25.4% |
| Market cap | $857.59B | $44.45B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | — | 0.03% |
| Assets under management | — | $44.62B |
| Number of holdings | 100 | 2394 |
| Top 10 concentration | 37.8% | 34.3% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
FXAIX
$8.71/mo
$104 /yr at 1.04% yield
SCHB
$8.68/mo
$104 /yr at 1.04% yield
Dividend history
Total dividends paid per share in each calendar year. FXAIX pays quarterly; SCHB pays quarterly.
| Year | FXAIX | SCHB |
|---|---|---|
| 2025 | $2.6480 | $0.2916 |
| 2024 | $2.5430 | $0.2812 |
| 2023 | $2.4010 | $0.2579 |
| 2022 | $2.2560 | $0.2425 |
| 2021 | $2.0190 | $0.2230 |
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,039 in FXAIX and $17,247 in SCHB.
| Period | FXAIX | SCHB |
|---|---|---|
| 1 month | 0.61% | 0.61% |
| 3 months | 3.42% | 3.18% |
| Year to date | 12.76% | 13.41% |
| 1 year | 14.54% | 15.18% |
| 3 years | 87.63% | 87.37% |
| 5 years | 80.39% | 72.47% |
- FXAIX
- SCHB
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- FXAIX
- SCHB
FXAIX vs SCHB holdings overlap
At least 66% overlap by weight, with 92 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | FXAIX weight | SCHB weight |
|---|---|---|
| NVDANVIDIA Corp | 8.08% | 7.03% |
| AAPLApple Inc | 7.03% | 6.80% |
| MSFTMicrosoft Corp | 5.69% | 5.33% |
| AMZNAmazon.com Inc | 3.84% | 3.33% |
| GOOGLAlphabet Inc Class A | 3.01% | 2.71% |
| GOOGAlphabet Inc Class C | 2.40% | 2.17% |
| AVGOBroadcom Inc | 2.65% | 2.12% |
| METAMeta Platforms Inc Class A | 1.90% | 2.12% |
| LLYEli Lilly & Co | 1.38% | 1.36% |
| TSLATesla Inc | 1.56% | 1.36% |
Top 10 holdings
Largest positions by portfolio weight.
FXAIX100 holdings total
Quick verdict
FXAIX fits better if you care most about stronger 5-year returns. SCHB fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how FXAIX vs SCHB fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is FXAIX or SCHB better for dividend income?
It depends on your goals. FXAIX currently yields 1.04% Trailing Twelve Months (TTM) while SCHB yields 1.04%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between FXAIX and SCHB?
Fidelity 500 Index Fund (FXAIX) is an ETF listed on NASDAQ. Schwab U.S. Broad Market ETF (SCHB) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, FXAIX or SCHB?
Over the last 5 years, FXAIX has the higher total return with dividends reinvested: FXAIX returned 80.4% and SCHB returned 72.5%. Past performance does not predict future returns.
Which is riskier, FXAIX or SCHB?
Measured by the worst peak-to-trough decline over the last five years, SCHB has been riskier: FXAIX fell as much as 24.5% and SCHB as much as 25.4%. Their betas are 1.00 and 1.03.
How much do FXAIX and SCHB overlap?
At least 66% of the two portfolios overlap by weight, across 92 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do FXAIX and SCHB pay dividends?
Both pay quarterly. The most recent payments were $0.7130 for FXAIX and $0.0809 for SCHB.
How much income does $10,000 in FXAIX vs SCHB generate?
At current TTM yields, $10,000 in FXAIX would generate roughly $8.71 per month ($104 annually). The same amount in SCHB would produce about $8.68 per month ($104 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FXAIX and SCHB?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare FXAIX vs SCHB with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FXAIX and SCHB fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.