SCHD vs SPHD
Schwab U.S. Dividend Equity ETF compared with Invesco S&P 500 High Dividend Low Volatility ETF on yield, payout growth, payment schedule, cost and risk.
SCHD
Schwab U.S. Dividend Equity ETF
TTM yield · Quarterly
SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
TTM yield · Monthly
Quick take
- SPHD yields more today: 4.83% vs 3.03% (forward).
- SPHD has grown its payout faster: 11.0%/yr vs 7.2%/yr over the last 5 years.
- SCHD pays every quarter; SPHD pays every month.
- SCHD has the longer streak of annual increases: 8 years vs 1.
- Over the last year SCHD delivered the higher total return: +33.1% vs +9.2% (price change plus payouts).
- SCHD is cheaper to own: 0.06% vs 0.30% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SCHD | SPHD |
|---|---|---|
| Share price | $35.27 | $51.52 |
| TTM yield | 2.99% | 4.83% |
| Forward yield | 3.03% | 4.83% |
| Annual payout per share | $1.068 | $2.486 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Dec 23, 2026 (est.) | Nov 16, 2026 (est.) |
| Expense ratio | 0.06% | 0.30% |
| 1-year payout growth | +2.0% | +37.5% |
| 5-year payout CAGR | +7.2% | +11.0% |
| Consecutive years of increases | 8 years | 1 year |
| Payout consistency (last 12) | 93/100 | 97/100 |
| 1-year total return | +33.1% | +9.2% |
| 1-year price return | +29.2% | +4.2% |
| Size (market cap / AUM) | 107.9B | 3.2B |
| Years paying | 14.8 | 13.9 |
| Sector / category | Large Value | Large Value |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SCHD | SPHD | |
|---|---|---|
| Shares | 283.5 | 194.1 |
| Income per year | $303 | $483 |
| Income per month (avg) | $25 | $40 |
At forward yields, before taxes. Model SCHD · Model SPHD
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SCHD Dec 23, 2026 | Jan 6, 2027 | $0.267 | Est. |
| SCHD Mar 24, 2027 | Apr 7, 2027 | $0.267 | Est. |
| SCHD Jun 23, 2027 | Jul 7, 2027 | $0.267 | Est. |
| SPHD Nov 16, 2026 | Nov 30, 2026 | $0.2072 | Est. |
| SPHD Dec 14, 2026 | Dec 28, 2026 | $0.2072 | Est. |
| SPHD Jan 11, 2027 | Jan 25, 2027 | $0.2072 | Est. |
Annual payouts per share
SCHDSPHD
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SCHD or SPHD?
SPHD currently has the higher trailing yield: SCHD yields 2.99% and SPHD yields 4.83%. Yield changes daily with price, so check the live figures above.
How often do SCHD and SPHD pay?
SCHD pays every quarter and SPHD pays every month. SCHD's next ex-date is Dec 23, 2026 and SPHD's is Nov 16, 2026.
Which has grown its dividend faster, SCHD or SPHD?
SPHD has grown its payout faster: 11.0%/yr vs 7.2%/yr over the last 5 years.
Is SCHD or SPHD better for income?
It depends on what you are optimising for. SCHD and SPHD differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.