VOO vs. SCHD
Broad S&P 500 growth versus a fund built specifically around dividend quality.
At a glance
| Ticker | Fund | Issuer | Index tracked | Expense ratio |
|---|---|---|---|---|
| VOO | Vanguard S&P 500 ETF | Vanguard | S&P 500 | 0.03% |
| SCHD | Schwab U.S. Dividend Equity ETF | Charles Schwab | Dow Jones U.S. Dividend 100 | 0.06% |
Data last verified: 2026-09-17
Different goals, different index
VOO simply tracks the S&P 500 as-is, dividends and all. SCHD screens specifically for established dividend-paying companies rather than tracking the broad market. That screening process filters out most non-dividend-paying growth stocks, which changes both SCHD’s sector mix and its risk/return profile relative to the broad market.
Project growth: VOO vs. SCHD
This tool models price growth and expense-ratio drag only — it doesn’t model SCHD’s higher dividend yield, so treat it as a growth-side comparison, not a full total-return picture. For VOO’s own dividend income, use the dividend calculator instead.
Expense ratio 0.03% deducted automatically.
Expense ratio 0.06% deducted automatically.
Hypothetical scenario, not a prediction. Past performance does not guarantee future results. Dividends are not modeled here; this isolates price growth and cost drag.
VOO after 20 years
$427,617
SCHD after 20 years
$425,973
Which should you choose?
If your priority is broad market exposure and long-term growth, VOO is the simpler, more diversified starting point. If your priority is current income and dividend growth — say, to eventually live off dividends — SCHD is purpose-built for that goal in a way VOO isn’t.
To see what dividend income from VOO specifically could look like, try our VOO dividend calculator. It models VOO’s own yield, not SCHD’s.
More comparisons
- VOO vs. QQQ — broad market vs. concentrated tech growth
- VOO vs. VTI — large-cap only vs. the total U.S. stock market
Frequently asked questions
This calculator provides hypothetical estimates for educational purposes only and is not financial, tax, or investment advice. Past performance does not guarantee future results. voocalculator.app is not affiliated with, endorsed by, or sponsored by The Vanguard Group. VOO is a trademark of its respective owner. See our full disclaimer.