Which Dividend ETF Is Better for Income: Schwab's SCHD or Vanguard's VYM?

Key Points Schwab U.S. Dividend Equity ETF has outperformed Vanguard High Dividend Yield ETF on a 1-year total return basis, while the Vanguard fund has achieved higher growth over a five-year period. Vanguard High Dividend Yield ETF offers a lower expense ratio and broader diversification across nearly 600 holdings. Schwab U.S. Dividend Equity ETF provides a higher trailing dividend yield of 3.1% compared to 2.8% for the Vanguard fund. 10 stocks we like better than Schwab U.S. Dividend Equity ETF › Schwab U.S. Dividend Equity ETF (NYSEMKT:SCHD) offers a higher trailing yield and stronger recent returns, while Vanguard High Dividend Yield ETF (NYSEMKT:VYM) provides lower fees and broader diversification.