Dividend comparison

VOO vs SWPPX: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 ETF and Schwab S&P 500 Index Fund- Select Shares, side by side. Updated October 21, 2026.

Start freeOpen interactive compareSee pricing
VOO vs SWPPX: key differences
The short answer, from the latest data on this page.
  • Income. Their trailing yields are almost the same: 1.05% for VOO and 0.98% for SWPPX. VOO pays quarterly, SWPPX pays annual.
  • Performance. Over the last 5 years, VOO returned 81.8% versus 81.7% for SWPPX, with dividends reinvested. $10,000 would have grown to $18,178 in VOO and $18,168 in SWPPX.
  • Risk. Their worst declines over the last 5 years were similar: -24.5% for VOO and -24.6% for SWPPX from peak to trough.
  • Dividend growth. VOO grew its yearly payout 6.8% a year over the last 4 years, versus 6.0% for SWPPX.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricVOO
Vanguard S&P 500 ETF
SWPPX
Schwab S&P 500 Index Fund- Select Shares
Dividend yield (TTM)1.05%0.98%
Dividend / share (TTM)$7.43$0.19
Payout frequencyQuarterlyAnnual
Last dividend$1.8226 on Sep 30, 2026$0.1946 on Dec 12, 2025
Ex-dividend dateSep 28, 2026Dec 12, 2025
Dividend growth (CAGR)6.8% over 4 yrs6.0% over 4 yrs
Price$706.80$19.93
Dividend growth streak5 years4 years
Beta1.011.01
Max drawdown (5Y)-24.5%-24.6%
Market cap$1.70T$148.68B
ExchangeAMEXNASDAQ
Expense ratio0.03%—
Assets under management$1.70T—
Number of holdings505—
Top 10 concentration39.1%—
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VOO

$8.76/mo

$105 /yr at 1.05% yield

SWPPX

$8.14/mo

$98 /yr at 0.98% yield

Dividend history
Total dividends paid per share in each calendar year. VOO pays quarterly; SWPPX pays annual.
YearVOOSWPPX
2025$7.0678$0.1946
2024$6.7035$0.1850
2023$6.3572$0.1743
2022$5.9467$0.1635
2021$5.4367$0.1540
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.

What VOO vs SWPPX actually do

VOO
Vanguard's S&P 500 tracker, holding the 500 large-cap US companies in the index at their market-cap weights.

It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.

Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.

Core holding

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,178 in VOO and $18,168 in SWPPX.
PeriodVOOSWPPX
1 month0.97%0.86%
3 months3.87%3.86%
Year to date13.68%13.63%
1 year15.84%15.80%
3 years89.23%88.73%
5 years81.78%81.68%
  • VOO
  • SWPPX
73132190202120222023202420252026182182

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.
  • VOO
  • SWPPX
0%10%20%30%40%Technology40.5%Financial Services11.1%Communication Services9.9%Healthcare9.3%Consumer Cyclical8.8%Industrials7.5%Consumer Defensive4.3%Energy3.4%Utilities1.9%Real Estate1.7%Other1.6%
Top 10 holdings
Largest positions by portfolio weight.

VOO505 holdings total

NameWeight
NVDANVIDIA Corp8.39%
AAPLApple Inc7.38%
MSFTMicrosoft Corp5.78%
AMZNAmazon.com Inc3.71%
GOOGLAlphabet Inc3.07%
AVGOBroadcom Inc2.54%
GOOGAlphabet Inc2.45%
METAMeta Platforms Inc2.43%
MUMicron Technology Inc1.83%
TSLATesla Inc1.52%

Quick verdict

VOO currently posts the higher TTM yield (1.05%). VOO yields 1.05%; SWPPX yields 0.98%. Choose based on whether you prioritize current cash flow, dividend growth, or total return — then model the holding inside your real portfolio.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how VOO vs SWPPX fits with the rest of your holdings. Free to start — no credit card required for the trial.
Start freeInteractive DRIP compare

Frequently asked questions

Is VOO or SWPPX better for dividend income?
It depends on your goals. VOO currently yields 1.05% Trailing Twelve Months (TTM) while SWPPX yields 0.98%. 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 VOO and SWPPX?
Vanguard S&P 500 ETF (VOO) is an ETF listed on AMEX. Schwab S&P 500 Index Fund- Select Shares (SWPPX) 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, VOO or SWPPX?
Over the last 5 years, VOO has the higher total return with dividends reinvested: VOO returned 81.8% and SWPPX returned 81.7%. Past performance does not predict future returns.
Which is riskier, VOO or SWPPX?
Measured by the worst peak-to-trough decline over the last five years, SWPPX has been riskier: VOO fell as much as 24.5% and SWPPX as much as 24.6%. Their betas are 1.01 and 1.01.
How often do VOO and SWPPX pay dividends?
VOO pays quarterly and SWPPX pays annual.
How much income does $10,000 in VOO vs SWPPX generate?
At current TTM yields, $10,000 in VOO would generate roughly $8.76 per month ($105 annually). The same amount in SWPPX would produce about $8.14 per month ($98 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VOO and SWPPX?
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 VOO vs SWPPX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOO and SWPPX 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.

Related comparisons

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.