Dividend comparison

SCHD vs SWVXX: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Dividend Equity ETF and Schwab Prime Advantage Money Fund - Investor, side by side. Updated October 21, 2026.

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SCHD vs SWVXX: key differences
The short answer, from the latest data on this page.
  • Income. SWVXX pays more income, yielding 3.58% over the last twelve months versus 3.04% for SCHD. That is about $54 more a year on $10,000. SCHD pays quarterly, SWVXX pays monthly.
  • Performance. Over the last 3 years, SCHD returned 66.2% versus 1.7% for SWVXX, with dividends reinvested. $10,000 would have grown to $16,622 in SCHD and $10,173 in SWVXX.
  • Risk. SCHD has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -16.8%, against 0.0% for SWVXX.
  • Dividend growth. SWVXX grew its yearly payout 223.8% a year over the last 4 years, versus 8.7% for SCHD.

Bottom line: SCHD fits better if you care most about stronger 3-year returns. SWVXX fits better if you care most about more income today, smaller drawdowns and faster dividend growth.

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
SWVXX
Schwab Prime Advantage Money Fund - Investor
Dividend yield (TTM)3.04%3.58%
Dividend / share (TTM)$1.05$0.04
Payout frequencyQuarterlyMonthly
Last dividend$0.2665 on Sep 28, 2026$0.0030 on Sep 30, 2026
Ex-dividend dateSep 23, 2026Sep 30, 2026
Dividend growth (CAGR)8.7% over 4 yrs223.8% over 4 yrs
Price$34.69$1.00
Dividend growth streak13 years—
Beta0.580.02
Max drawdown (5Y)-16.8%0.0%
Market cap$98.31B$245.26B
ExchangeAMEXNASDAQ
Expense ratio0.06%—
Assets under management$114.71B—
Number of holdings102—
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

SWVXX

$29.84/mo

$358 /yr at 3.58% yield

Dividend history
Total dividends paid per share in each calendar year. SCHD pays quarterly; SWVXX pays monthly.
YearSCHDSWVXX
2025$1.0476$0.0406
2024$0.9944$0.0500
2023$0.8862$0.0491
2022$0.8540$0.0156
2021$0.7499$0.0004
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 SWVXX 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 Apr 17, 2023 would now be worth $15,869 in SCHD and $10,173 in SWVXX.
PeriodSCHDSWVXX
1 month3.83%0.00%
3 months6.77%0.00%
Year to date29.59%0.00%
1 year33.01%0.00%
3 years66.22%1.73%
5 years57.90%—
  • SCHD
  • SWVXX
871251642023202420252026159102

Both series indexed to 100 on 2023-04-17 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
  • SWVXX
0%5%10%15%20%Consumer Defensive20.1%Healthcare19.3%Technology16.0%Energy15.3%Financial Services9.2%Industrials7.3%Consumer Cyclical6.7%Communication Services6.0%Utilities0.1%Cash & Others0.0%
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 stronger 3-year returns. SWVXX fits better if you care most about more income today, smaller drawdowns and faster dividend growth. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SCHD vs SWVXX fits with the rest of your holdings. Free to start — no credit card required for the trial.
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Frequently asked questions

Is SCHD or SWVXX better for dividend income?
It depends on your goals. SCHD currently yields 3.04% Trailing Twelve Months (TTM) while SWVXX yields 3.58%. 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 SWVXX?
Schwab U.S. Dividend Equity ETF (SCHD) is an ETF listed on AMEX. Schwab Prime Advantage Money Fund - Investor (SWVXX) 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 has performed better, SCHD or SWVXX?
Over the last 3 years, SCHD has the higher total return with dividends reinvested: SCHD returned 66.2% and SWVXX returned 1.7%. Past performance does not predict future returns.
Which is riskier, SCHD or SWVXX?
Measured by the worst peak-to-trough decline over the last five years, SCHD has been riskier: SCHD fell as much as 16.8% and SWVXX as much as 0.0%. Their betas are 0.58 and 0.02.
How often do SCHD and SWVXX pay dividends?
SCHD pays quarterly and SWVXX pays monthly.
How much income does $10,000 in SCHD vs SWVXX generate?
At current TTM yields, $10,000 in SCHD would generate roughly $25.32 per month ($304 annually). The same amount in SWVXX would produce about $29.84 per month ($358 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHD and SWVXX?
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 SWVXX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHD and SWVXX 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.