What's the main difference between SCHD and DGRO?

SCHD is a dividend-growth etf from Charles Schwab; DGRO is a dividend-growth etf from iShares. Two of the most popular dividend-growth ETFs, with different index rules and slightly different yield-versus-growth tilts.

Does SCHD or DGRO pay more dividends?

It depends on current figures, which change — use the calculators linked below with each fund's live yield rather than a fixed number. As a rule, higher-yield funds pay more today, while dividend-growth funds start lower and raise the payout over time.

Which is better, SCHD or DGRO?

Neither is universally better — they suit different goals. SCHD fits an investor who wants a rising dividend over time rather than the highest starting yield; DGRO fits one who wants a rising dividend over time rather than the highest starting yield. Match the fund to your objective, time horizon, and tax situation, and consider a licensed advisor.

Can I hold both SCHD and DGRO?

Many investors do, to blend current income with growth. Just be aware of overlap — if both hold similar large-cap US stocks, you may be less diversified than the two tickers suggest.

SCHD vs DGRO

Two of the most popular dividend-growth ETFs, with different index rules and slightly different yield-versus-growth tilts. Here’s how SCHD and DGRO compare for dividend investors — with a calculator for each so you can model the income yourself.

SCHD

Schwab U.S. Dividend Equity ETF

Type: Dividend-growth ETF
Issuer: Charles Schwab
Pays: quarterly

SCHD tracks the Dow Jones U.S. Dividend 100 Index, which screens for companies with a long record of paying dividends plus quality and financial-strength filters. It is one of the most widely held dividend-growth ETFs, favoured for its low expense ratio and steadily rising payout.

SCHD dividend calculator

DGRO

iShares Core Dividend Growth ETF

Type: Dividend-growth ETF
Issuer: iShares
Pays: quarterly

DGRO tracks the Morningstar US Dividend Growth Index, selecting companies with at least five consecutive years of dividend growth and sustainable payout ratios. It is a core holding for investors prioritising a rising payout over a high starting yield.

DGRO dividend calculator

How SCHD and DGRO differ

SCHD — SCHD tracks the Dow Jones U.S. Dividend 100 Index, which screens for companies with a long record of paying dividends plus quality and financial-strength filters. It is one of the most widely held dividend-growth ETFs, favoured for its low expense ratio and steadily rising payout.

DGRO — DGRO tracks the Morningstar US Dividend Growth Index, selecting companies with at least five consecutive years of dividend growth and sustainable payout ratios. It is a core holding for investors prioritising a rising payout over a high starting yield.

In practice the choice comes down to your goal. SCHD suits an investor who wants a rising dividend over time rather than the highest starting yield, while DGRO suits one who wants a rising dividend over time rather than the highest starting yield. The two are not mutually exclusive — plenty of portfolios hold a growth-oriented fund and an income-oriented one together. What matters is matching each to its job and not judging a fund on its headline yield alone.

Rather than compare a single snapshot yield (which moves daily), open each calculator and enter current figures: the SCHD calculator and the DGRO calculator. To compare long-term compounding head to head, run the same contributions through the dividend reinvestment calculator with each fund’s assumptions.

Educational comparison only — not a recommendation to buy or sell either fund. Yields and strategies change; verify current figures and consider a licensed advisor.

SCHD vs DGRO FAQ

What's the main difference between SCHD and DGRO?: SCHD is a dividend-growth etf from Charles Schwab; DGRO is a dividend-growth etf from iShares. Two of the most popular dividend-growth ETFs, with different index rules and slightly different yield-versus-growth tilts.
Does SCHD or DGRO pay more dividends?: It depends on current figures, which change — use the calculators linked below with each fund's live yield rather than a fixed number. As a rule, higher-yield funds pay more today, while dividend-growth funds start lower and raise the payout over time.
Which is better, SCHD or DGRO?: Neither is universally better — they suit different goals. SCHD fits an investor who wants a rising dividend over time rather than the highest starting yield; DGRO fits one who wants a rising dividend over time rather than the highest starting yield. Match the fund to your objective, time horizon, and tax situation, and consider a licensed advisor.
Can I hold both SCHD and DGRO?: Many investors do, to blend current income with growth. Just be aware of overlap — if both hold similar large-cap US stocks, you may be less diversified than the two tickers suggest.

See all dividend ETF comparisons →