Dividend comparison

SCHD vs DGRW: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Dividend Equity ETF and WisdomTree U.S. Quality Dividend Growth Fund, side by side. Updated October 21, 2026.

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SCHD vs DGRW: key differences
The short answer, from the latest data on this page.
  • Fees. SCHD is cheaper at 0.06% a year versus 0.28% for DGRW. On $10,000 that is $22 a year less in fees.
  • Income. SCHD pays more income, yielding 3.04% over the last twelve months versus 1.19% for DGRW. That is about $184 more a year on $10,000. SCHD pays quarterly, DGRW pays monthly.
  • Performance. Over the last 5 years, DGRW returned 72.9% versus 57.9% for SCHD, with dividends reinvested. $10,000 would have grown to $17,290 in DGRW and $15,790 in SCHD.
  • Risk. Their worst declines over the last 5 years were similar: -16.8% for SCHD and -17.3% for DGRW from peak to trough.
  • Diversification. DGRW holds 304 positions and SCHD holds 102.
  • Dividend growth. SCHD grew its yearly payout 8.7% a year over the last 4 years, versus 2.5% for DGRW.
  • Size. SCHD is the larger fund with $114.7 billion in assets, against $17.1 billion for DGRW.

Bottom line: SCHD fits better if you care most about lower fees, more income today and faster dividend growth. DGRW fits better if you care most about stronger 5-year returns and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricSCHD
Schwab U.S. Dividend Equity ETF
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
Dividend yield (TTM)3.04%1.19%
Dividend / share (TTM)$1.05$1.19
Payout frequencyQuarterlyMonthly
Last dividend$0.2665 on Sep 28, 2026$0.1700 on Sep 29, 2026
Ex-dividend dateSep 23, 2026Sep 25, 2026
Dividend growth (CAGR)8.7% over 4 yrs2.5% over 4 yrs
Price$34.69$99.40
Dividend growth streak13 years1 year
Beta0.580.82
Max drawdown (5Y)-16.8%-17.3%
Market cap$98.31B$17.11B
ExchangeAMEXNASDAQ
Expense ratio0.06%0.28%
Assets under management$114.71B$17.08B
Number of holdings102304
Top 10 concentration41.7%—
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

SCHD

$25.32/mo

$304 /yr at 3.04% yield

DGRW

$9.96/mo

$119 /yr at 1.19% yield

Dividend history
Total dividends paid per share in each calendar year. SCHD pays quarterly; DGRW pays monthly.
YearSCHDDGRW
2025$1.0476$1.3165
2024$0.9944$1.2103
2023$0.8862$1.2250
2022$0.8540$1.3002
2021$0.7499$1.1906
Strategy: Dividend equity
Rules-based equity funds that screen for companies paying sustainable or rising dividends, aiming at income plus long-term share-price participation. The screen is what defines the fund: yield-ranked indexes deliver more cash now, dividend-growth indexes deliberately exclude the highest payers in favor of durability. Both approaches produce a sector mix that looks nothing like the broad market, typically heavier in financials, healthcare, staples and industrials.

Expect stretches of underperformance versus the broad market whenever leadership comes from the high-growth, low-yield companies these screens exclude.

What SCHD vs DGRW actually do

SCHD
An index ETF holding about 100 US dividend payers screened for balance-sheet strength and a long payment record.

It tracks the Dow Jones U.S. Dividend 100 Index, which first requires at least ten consecutive years of dividends, then ranks the survivors on a composite of cash flow to total debt, return on equity, dividend yield and five-year dividend growth. The top 100 are held at market-cap weights with a 4% cap per stock and 25% per sector, reconstituted annually and rebalanced quarterly. Those quality screens push the portfolio toward mature value sectors and largely out of high-growth technology, which is the single biggest reason its return diverges from the S&P 500 in either direction.

Suits an investor who wants a growing dividend stream plus share-price participation and can sit out technology-led rallies without changing course. Not a match for someone who needs the highest available current yield or wants full market exposure.

Core dividend holding

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $15,790 in SCHD and $17,290 in DGRW.
PeriodSCHDDGRW
1 month3.83%1.50%
3 months6.77%3.68%
Year to date29.59%11.15%
1 year33.01%11.56%
3 years66.22%63.57%
5 years57.90%72.90%
  • SCHD
  • DGRW
83132181202120222023202420252026158173

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.
  • SCHD
  • DGRW
0%9%18%26%35%Technology16.0%35.2%Healthcare19.3%12.9%Consumer Defensive20.1%6.6%Energy15.3%5.1%Communication Services6.0%11.8%Industrials7.3%10.3%Financial Services9.2%8.4%Consumer Cyclical6.7%6.7%Basic Materials2.9%Cash & Others0.0%0.7%Other0.1%0.2%
Top 10 holdings
Largest positions by portfolio weight.

SCHD102 holdings total

NameWeight
TXNTEXAS INSTRUMENT4.40%
PGPROCTER & GAMBLE4.34%
CVXCHEVRON4.31%
KOCOCA-COLA4.30%
COPCONOCOPHILLIPS4.30%
QCOMQUALCOMM4.15%
UNHUNITEDHEALTH GROUP4.14%
HDHOME DEPOT3.95%
AMGNAMGEN INC3.90%
PEPPEPSICO3.86%

Quick verdict

SCHD fits better if you care most about lower fees, more income today and faster dividend growth. DGRW fits better if you care most about stronger 5-year returns and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is SCHD or DGRW better for dividend income?
It depends on your goals. SCHD currently yields 3.04% Trailing Twelve Months (TTM) while DGRW yields 1.19%. 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 SCHD and DGRW?
Schwab U.S. Dividend Equity ETF (SCHD) is an ETF listed on AMEX. WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, SCHD or DGRW?
SCHD has the lower expense ratio. SCHD charges 0.06% a year and DGRW charges 0.28%, a difference of $22 a year on a $10,000 investment.
Which has performed better, SCHD or DGRW?
Over the last 5 years, DGRW has the higher total return with dividends reinvested: SCHD returned 57.9% and DGRW returned 72.9%. Past performance does not predict future returns.
Which is riskier, SCHD or DGRW?
Measured by the worst peak-to-trough decline over the last five years, DGRW has been riskier: SCHD fell as much as 16.8% and DGRW as much as 17.3%. Their betas are 0.58 and 0.82.
How often do SCHD and DGRW pay dividends?
SCHD pays quarterly and DGRW pays monthly.
How much income does $10,000 in SCHD vs DGRW generate?
At current TTM yields, $10,000 in SCHD would generate roughly $25.32 per month ($304 annually). The same amount in DGRW would produce about $9.96 per month ($119 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHD and DGRW?
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 SCHD vs DGRW with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHD and DGRW 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.