Historical comparison: 2015-12-31–2025-12-31 · KRW 100 million per fund · Before tax · Constant FX. Current yields separately use the 2026-10-09 close and trailing twelve-month distributions.
Examples in the prose use KRW 100 million. Change the investment amount to update the tables and chart.
Investment amount for tables and chart: 100,000,000 KRW
SCHD vs VYM: fund comparison
| Item | SCHD | VYM |
|---|---|---|
| Manager | Schwab Asset Management | Vanguard |
| Index | Dow Jones U.S. Dividend 100 Index | FTSE High Dividend Yield Index |
| Annual expense ratio | 0.06% | 0.04% |
| Holdings | 102 holdings · October 19, 2026 | 593 stocks · September 30, 2026 |
| Distribution schedule | Quarterly | Quarterly |
| Trailing distributions per share | 1.0541 USD | 3.6755 USD |
| Price-based trailing yield | 3.19% | 2.32% |
| Selection and weighting | Dividend history, financial strength and growth screens; float-cap weighting | Forecast high-yield selection; market-cap weighting |
SCHD’s holding count includes cash and derivatives; VYM reports stocks. Both yields above use market closing prices from the same day.
Official references: Schwab SCHD · Vanguard VYM
How much income could KRW 100 million generate?
Applying trailing distributions to the same KRW 100 million produces about KRW 3.19 million for SCHD and KRW 2.32 million for VYM. The annual gap is about KRW 880,000. That cash difference matters if you plan to spend the distributions now.
| ETF | Gross annual / monthly average | After 15%: annual / monthly average |
|---|---|---|
| SCHD | 3,190,375 / 265,865 | 2,711,819 / 225,985 |
| VYM | 2,315,276 / 192,940 | 1,967,984 / 163,999 |
Net amounts deduct only an assumed 15% US withholding. They exclude additional Korean taxes, credits and trading costs. Both funds pay quarterly; the monthly average divides annual cash by twelve.
How much did dividends grow over ten years?
From 2015 to 2025, annual distributions per share grew at a 10.61% compound rate for SCHD and 5.00% for VYM. This compares cash growth without buying more shares.
| Year | SCHD per share / growth | VYM per share / growth |
|---|---|---|
| 2015 | 0.38220 / — | 2.14900 / — |
| 2016 | 0.41933 / 9.72% | 2.20600 / 2.65% |
| 2017 | 0.44857 / 6.97% | 2.40110 / 8.84% |
| 2018 | 0.47977 / 6.96% | 2.64920 / 10.33% |
| 2019 | 0.57473 / 19.79% | 2.84170 / 7.27% |
| 2020 | 0.67613 / 17.64% | 2.90610 / 2.27% |
| 2021 | 0.74967 / 10.88% | 3.09610 / 6.54% |
| 2022 | 0.85383 / 13.90% | 3.25180 / 5.03% |
| 2023 | 0.88600 / 3.77% | 3.47800 / 6.96% |
| 2024 | 0.99437 / 12.23% | 3.49450 / 0.47% |
| 2025 | 1.04760 / 5.35% | 3.50080 / 0.18% |
Neither fund had a declining annual total during 2016–2025. VYM’s growth slowed to just 0.18% in 2025. SCHD did not increase every quarterly payment either: its second-quarter 2026 distribution was USD 0.2525 per share, below USD 0.2602 a year earlier.
Compare variation in dividend growth
| Metric | SCHD | VYM |
|---|---|---|
| 10-year dividend CAGR | 10.61% | 5.00% |
| Years with a decline | 0 / 10 | 0 / 10 |
| Lowest annual growth | 3.77% | 0.18% |
| Highest annual growth | 19.79% | 10.33% |
| Growth standard deviation | 4.99 %p | 3.33 %p |
Standard deviation compares variation in annual dividend growth during 2016–2025. A lower value means less variation in growth, not a lower measured probability of a future cut. Incomplete 2026 is excluded from annual comparisons.
What would the original KRW 100 million pay after ten years?
After ten years without additional purchases or reinvestment, 2025 cash was about KRW 8.15 million for SCHD and KRW 5.24 million for VYM. Yield on the original KRW 100 million investment was 8.15% and 5.24%, respectively.
2016–2025 · Before tax · No reinvestment · Vertical axis: KRW million · Scales with selected capital
| Year | SCHD cash / YOC | VYM cash / YOC |
|---|---|---|
| 2016 | 3,262,448 / 3.26% | 3,304,869 / 3.30% |
| 2017 | 3,489,886 / 3.49% | 3,597,154 / 3.60% |
| 2018 | 3,732,624 / 3.73% | 3,968,839 / 3.97% |
| 2019 | 4,471,473 / 4.47% | 4,257,228 / 4.26% |
| 2020 | 5,260,373 / 5.26% | 4,353,708 / 4.35% |
| 2021 | 5,832,469 / 5.83% | 4,638,352 / 4.64% |
| 2022 | 6,642,894 / 6.64% | 4,871,610 / 4.87% |
| 2023 | 6,893,154 / 6.89% | 5,210,487 / 5.21% |
| 2024 | 7,736,255 / 7.74% | 5,235,206 / 5.24% |
| 2025 | 8,150,415 / 8.15% | 5,244,644 / 5.24% |
| Year end | SCHD cumulative cash | VYM cumulative cash |
|---|---|---|
| 2016 | 3,262,448 | 3,304,869 |
| 2017 | 6,752,334 | 6,902,022 |
| 2018 | 10,484,959 | 10,870,861 |
| 2019 | 14,956,432 | 15,128,090 |
| 2020 | 20,216,805 | 19,481,798 |
| 2021 | 26,049,274 | 24,120,150 |
| 2022 | 32,692,168 | 28,991,760 |
| 2023 | 39,585,322 | 34,202,247 |
| 2024 | 47,321,577 | 39,437,453 |
| 2025 | 55,471,992 | 44,682,097 |
SCHD first led in a single year’s cash in 2019. Yet VYM still led in the total received up to that point. SCHD overtook cumulative cash in 2020. Leading in annual income and leading in money already received are different milestones.
How would reinvesting distributions change final wealth?
Dividend growth was 10.61% for SCHD versus 5.00% for VYM. Yet reinvested final wealth was about KRW 297.99 million versus KRW 292.34 million: a gap of roughly KRW 5.65 million. Faster dividend growth did not produce a comparably large gap in total wealth.
| Metric | SCHD | VYM |
|---|---|---|
| Ten-year cumulative total return | 197.99% | 192.34% |
| Total-return CAGR | 11.54% | 11.32% |
| Total-return index MDD | 33.37% | 35.22% |
| Final fund value · KRW | 297,990,337 | 292,341,619 |
| Metric | SCHD | VYM |
|---|---|---|
| Remaining ETF value | 213,407,676 | 215,011,236 |
| Cumulative distributions | 55,471,992 | 44,682,097 |
| ETF value + retained cash | 268,879,668 | 259,693,333 |
| Cumulative return including cash | 168.88% | 159.69% |
| Wealth CAGR including cash | 10.39% | 10.01% |
| Wealth MDD including cash | 30.41% | 31.71% |
Reinvested fund values already include distributions. The cash table assumes every distribution is retained. Cash spent on living costs is no longer a current asset.
When distributions were taken as cash, VYM finished with about KRW 1.60 million more in ETF value. SCHD led cumulative distributions by about KRW 10.79 million. Comparing both the remaining holding and the cash received reveals the investment outcome.
In the reinvestment scenario, the largest fall from a previous peak was about 33% for SCHD and 35% for VYM. These are the maximum drawdowns, or MDDs, in the table. Receiving dividends did not remove the need to hold through large account losses.
Why do SCHD and VYM hold different stocks?
SCHD selects about 100 stocks by assessing financial strength and dividend growth among established dividend payers. It considers both income and the financial characteristics supporting those payments.
VYM holds a broader group of companies with high forecast dividend yields and gives larger companies more weight. That produces a different mix of stocks and sectors from SCHD.
Index selection and weighting rules
SCHD excludes REITs and requires ten consecutive years of dividend payments, not increases. From the higher-yielding half, its index ranks free cash flow to total debt, ROE, dividend yield and five-year dividend growth to select 100 stocks. Float-cap weights have 4% stock and 25% GICS sector caps at reweighting. Market moves can subsequently take weights above the caps.
VYM’s index excludes REITs and stocks with no current dividend or no expected dividend over the next twelve months. It selects using forecast dividend yield and weights by float-adjusted capitalization. It does not apply SCHD’s five-year dividend-growth score or 100-stock target. Public FTSE rules also specify additional proprietary screens.
Index rules: S&P Dow Jones · September 2026 · FTSE · October 2025
VYM held more stocks, yet its largest holding had a higher weight. At June 2026 month-end, Broadcom made up 7.3% of VYM. SCHD’s largest holding, Home Depot, was 4.57%. A broad portfolio can still be meaningfully exposed to one large company.
| Metric | SCHD | VYM |
|---|---|---|
| Holdings definition | 101 securities; not an equity-only count | 605 stocks |
| Top-ten share of fund assets | 42.01% | 25.9% |
| Largest holding | Home Depot · 4.57% | Broadcom · 7.3% |
| Major sector exposures | Health care 20.7%; consumer staples 20.4%; energy 14.1% | Financials 20.6%; technology 14.6%; industrials 14.4% |
| Sector classification | GICS | ICB |
Counts and sector definitions differ. Sector percentages describe each portfolio, rather than a fully harmonized sector comparison. Top-ten weights use manager-reported totals and fund-asset denominators; displayed individual weights may not sum exactly after rounding. Holdings change after this common date.
| Rank | SCHD | VYM |
|---|---|---|
| 1 | Home Depot (HD) · 4.57% | Broadcom (AVGO) · 7.3% |
| 2 | Merck (MRK) · 4.54% | JPMorgan Chase (JPM) · 3.4% |
| 3 | UnitedHealth (UNH) · 4.47% | Johnson & Johnson (JNJ) · 2.5% |
| 4 | Amgen (AMGN) · 4.34% | Exxon Mobil (XOM) · 2.4% |
| 5 | Procter & Gamble (PG) · 4.24% | Caterpillar (CAT) · 2.0% |
| 6 | Abbott (ABT) · 4.22% | Cisco (CSCO) · 1.9% |
| 7 | Coca-Cola (KO) · 4.18% | AbbVie (ABBV) · 1.8% |
| 8 | Texas Instruments (TXN) · 3.92% | Bank of America (BAC) · 1.6% |
| 9 | PepsiCo (PEP) · 3.85% | UnitedHealth (UNH) · 1.6% |
| 10 | Verizon (VZ) · 3.68% | Home Depot (HD) · 1.5% |
Schwab SCHD fact sheet · 2026-06-30 · Vanguard VYM fact sheet · 2026-06-30
These holdings share a June 2026 month-end date. Holdings and weights change, so this snapshot cannot establish sector contributions to the full ten-year return.
How do SCHD and VYM differ by investment goal?
| Goal | SCHD | VYM |
|---|---|---|
| Dividend growth | Financial and growth screens; faster per-share growth in this period | Growth rate is not the same core selection score |
| Breadth | About 100 selected stocks with stock and sector caps | Hundreds of stocks; large companies still carry substantial weights |
| Cash flow | Higher trailing yield at the shared price date | Lower trailing yield at the shared price date |
| Total return | Higher reinvested return in these ten years; still experienced a major drawdown | Slightly higher remaining ETF value when distributions are taken as cash |
For someone spending distributions, SCHD’s roughly KRW 2.91 million extra cash in 2025 can matter. If I did not need the cash now, I would favor reinvesting it to build wealth. Alongside dividend growth, I would compare final wealth and the drawdowns endured along the way.
Investment assumptions and dividend treatment
KRW examples hold purchase, valuation and distribution exchange rates constant; they are not historical KRW returns. Fractional shares are allowed. Additional contributions, personal taxes, trading and FX costs, cash interest and inflation are excluded. Fund expenses are already reflected in prices.
Current income equals capital × trailing distributions per share ÷ closing price. The 2026-10-09 closes were USD 33.04 for SCHD and USD 158.75 for VYM. Historical annual cash uses ex-dates; using payment dates does not change the calendar-year totals in this sample.
SCHD’s 2024 three-for-one split is reflected by dividing earlier per-share payments by three and tripling the historical holding on the first post-split trading day. Differences in SCHD payment records were corrected to match official disclosures.
Reinvestment uses a total-return index with ex-date closing-price reinvestment. It can differ from an account buying after payment or the site backtest’s next-trading-day close. The cash scenario retains distributions without interest; its CAGR and MDD use ETF value plus retained cash.
Compare your own period and dividend settings
Compare SCHD and VYM over matching dates, then vary reinvestment, cash distributions, currency and tax conditions.
Compare SCHD and VYM in the backtestFrequently asked questions
Do SCHD and VYM pay monthly dividends?
Both distribute quarterly. The monthly average divides annual cash by twelve. It is not a monthly payment schedule, and each quarter can pay a different amount.
Is yield on cost my current dividend yield?
No. Yield on cost divides current annual distributions by the original purchase amount. Current distribution yield uses the current price. A high yield on cost does not establish the best use of your current capital.
Are the displayed amounts fully after tax?
The historical ten-year comparison is before personal taxes. Only the current-income table also shows an illustrative 15% US withholding deduction. It excludes any further Korean taxes, tax credits, trading costs and currency effects.