SCHD vs SSPY
Schwab U.S. Dividend Equity ETF compared with Stratified LargeCap Index ETF on yield, payout growth, payment schedule, cost and risk.
SCHD
Schwab U.S. Dividend Equity ETF
TTM yield · Quarterly
SSPY
Stratified LargeCap Index ETF
TTM yield · Annual
Quick take
- SCHD yields more today: 3.03% vs 1.20% (forward).
- SCHD has grown its payout faster: 7.2%/yr vs 5.7%/yr over the last 5 years.
- SCHD pays every quarter; SSPY pays once a year.
- 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 +17.1% (price change plus payouts).
- SCHD is cheaper to own: 0.06% vs 0.45% expense ratio.
- SCHD has the steadier distribution: consistency 93/100 vs 66/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SCHD | SSPY |
|---|---|---|
| Share price | $35.27 | $100.46 |
| TTM yield | 2.99% | 1.20% |
| Forward yield | 3.03% | 1.20% |
| Annual payout per share | $1.068 | $1.202 |
| Payment frequency | Quarterly | Annual |
| Next ex-date | Dec 23, 2026 (est.) | Dec 29, 2026 (est.) |
| Expense ratio | 0.06% | 0.45% |
| 1-year payout growth | +2.0% | +338.7% |
| 5-year payout CAGR | +7.2% | +5.7% |
| Consecutive years of increases | 8 years | 1 year |
| Payout consistency (last 12) | 93/100 | 66/100 |
| 1-year total return | +33.1% | +17.1% |
| 1-year price return | +29.2% | +15.7% |
| Size (market cap / AUM) | 107.9B | 125.5M |
| Years paying | 14.9 | 6.8 |
| 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 | SSPY | |
|---|---|---|
| Shares | 283.5 | 99.5 |
| Income per year | $303 | $120 |
| Income per month (avg) | $25 | $10 |
At forward yields, before taxes. Model SCHD · Model SSPY
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. |
| SSPY Dec 29, 2026 | Jan 12, 2027 | $1.202 | Est. |
Annual payouts per share
SCHDSSPY
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 SSPY?
SCHD currently has the higher trailing yield: SCHD yields 2.99% and SSPY yields 1.20%. Yield changes daily with price, so check the live figures above.
How often do SCHD and SSPY pay?
SCHD pays every quarter and SSPY pays once a year. SCHD's next ex-date is Dec 23, 2026 and SSPY's is Dec 29, 2026.
Which has grown its dividend faster, SCHD or SSPY?
SCHD has grown its payout faster: 7.2%/yr vs 5.7%/yr over the last 5 years.
Is SCHD or SSPY better for income?
It depends on what you are optimising for. SCHD and SSPY 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.