Key differences
- SCHD tracks the Dow Jones U.S. Dividend 100; VOO tracks the S&P 500. That is the biggest difference in what you actually own.
- VOO is cheaper: 0.03% a year versus 0.06%. On $10,000 plus $500 a month for 25 years at 7%, that fee gap is worth about $2,330.
About each fund
SCHD — Schwab U.S. Dividend Equity ETF
Focuses on US companies with a record of paying and growing dividends. Popular with income-focused investors; growth is typically steadier and lower than the broad market.
VOO — Vanguard S&P 500 ETF
One of the most popular S&P 500 funds for US investors, with a very low fee. Non-US investors should check dividend withholding tax and estate-tax rules before buying US-domiciled funds.
Fund details checked November 2026. Always confirm current figures on each provider's factsheet.
Questions about SCHD vs VOO
Is SCHD or VOO better?
It depends on what you want to own. SCHD gives you the Dow Jones U.S. Dividend 100; VOO gives you the S&P 500. Neither is guaranteed to do better — use the calculator above with different return assumptions to see the range.
Which is cheaper, SCHD or VOO?
VOO is cheaper at 0.03% a year, versus 0.06%. Fees checked November 2026; confirm with each provider.
Can I hold both SCHD and VOO?
Yes. Some investors combine them to set their own mix, but check the overlap — many large companies may appear in both.