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 calculatorDGRO
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 calculatorSCHD vs DGRO dividend, side by side
Current dividend figures for SCHD and DGRO as of Jul 10, 2026. Yields and payouts change — verify the latest numbers with your broker before investing.
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.
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?
- As of Jul 10, 2026, SCHD yields about 3.25% and DGRO about 1.92%, so SCHD currently pays the higher yield. SCHD pays quarterly; DGRO pays quarterly. Yields move daily, so verify current figures and use the calculators below to model the income yourself. 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.