Compare/Updated Oct 26, 2026, refreshed every trading day
SPYD vs SCHD
State Street SPDR Portfolio S&P 500 High Dividend ETF against Schwab U.S. Dividend Equity ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
VYM did best over the period, turning $1,000 into $1,694 for a 69.4% total return, followed by SCHD at $1,649 and SPYD at $1,485. VYM also had the lowest 12-month volatility at 10.0% and the shallowest worst drawdown at -14.5%, compared with SCHD’s 11.3% volatility and -16.1% drawdown and SPYD’s 12.2% volatility and -20.7% drawdown. SCHD delivered the strongest recent momentum, with 31.8% YTD and 35.2% over one year, versus VYM’s 14.5% and 17.7%. SPYD lagged both on the 1000-day result and carried the highest risk, despite its low 0.07% expense ratio. VYM’s combination of the highest return, lowest volatility, smallest drawdown, and lowest 0.04% expense ratio makes it the strongest overall performer in this comparison.
- Price is above its 200-day average ($46); 50-day at $48.
- RSI 66, neutral. Supertrend says buy. ADX 34, so the trend is strong.
- Price is above its 200-day average ($32); 50-day at $34.
- RSI 73, overbought. Supertrend says buy. ADX 33, so the trend is strong.
Head to head
Which has returned more, SPYD or SCHD?
SPYD beat SCHD in 21 of the last 48 months; SCHD won the other 27. The typical monthly gap was 1.17 points.
Total return by period
Which is riskier?
SPYD: Feb 2, 2023 to Oct 27, 2023; SCHD: Nov 29, 2024 to Apr 8, 2025
- 0.908
- correlation of daily moves, 4 years
- 1.02
- SPYD move per 1% in SCHD
- 0.862
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.17 points.
When did they diverge?
| Month | SPYD | SCHD | Gap |
|---|---|---|---|
| January 2023 | +6.4% | +2.1% | +4.32 pts |
| January 2026 | +4.7% | +8.7% | -4.02 pts |
| August 2026 | +0.3% | +4.3% | -4.00 pts |
| May 2023 | -8.0% | -4.1% | -3.88 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SPYD and SCHD?
- Expense ratio
- 0.07%
- Fund assets
- $8B
- Price
- $48.59
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