SCHD vs. VOO: Returns, Risk and $10,000 Compared

SCHD vs. VOO Calculator

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What would $10,000 in SCHD vs. VOO be worth?

Invested	SCHD	VOO	SCHD per year	VOO per year
1 year	$13,466	$11,129	+34.7%	+11.3%
3 years	$16,608	$17,125	+18.4%	+19.6%
5 years	$16,966	$17,693	+11.2%	+12.1%
10 years	$35,080	$40,193	+13.4%	+14.9%
15 years	$66,839	$78,914	+13.5%	+14.8%

SCHD vs. VOO returns by year

Year	SCHD	VOO	Ahead
2026 (so far)	+34.1%	+11.2%	SCHD
2025	+4.3%	+17.8%	VOO
2024	+11.7%	+25.0%	VOO
2023	+4.6%	+26.3%	VOO
2022	-3.2%	-18.2%	SCHD
2021	+29.9%	+28.8%	SCHD
2020	+15.1%	+18.3%	VOO
2019	+27.3%	+31.4%	VOO
2018	-5.6%	-4.5%	VOO
2017	+20.8%	+21.8%	VOO
2016	+16.4%	+12.2%	SCHD
2015	-0.3%	+1.3%	VOO
2014	+11.7%	+13.5%	VOO
2013	+32.9%	+32.4%	SCHD
2012	+11.4%	+16.0%	VOO

Prices run through 2026-11-02, with dividends reinvested.

Which has returned more, SCHD or VOO?

Over the last 10 years, VOO returned 14.9% a year and SCHD returned 13.4%, with dividends reinvested. So $10,000 in SCHD would be worth about $35,080 now, against $40,193 in VOO. Over 15 years, the longest stretch both have prices for, the yearly figures are 13.5% for SCHD and 14.8% for VOO. We use month-end prices through November 2026, adjusted for splits and dividends, before taxes and fees.

The ride matters as much as the result. SCHD's monthly returns swung about 13.7% a year, measured as annualized standard deviation, against 13.8% for VOO, so the two have been about equally bumpy. SCHD's largest fall from a high was 21.5%, from December 2019 to March 2020. VOO's was 23.9%, from December 2021 to September 2022.

Year by year, SCHD beat VOO in 4 of 14 full calendar years. SCHD's best year was 2013, at 32.9%, and VOO's was 2013, at 32.4%. Their worst years were 2018 for SCHD, at -5.6%, and 2022 for VOO, at -18.2%. Month to month, they moved in the same direction most of the time, with a correlation of 0.82. That difference is why some investors hold both: one can soften the other's bad stretches, though not always.

Buying a little each month narrows the gap from timing. Putting $100 a month into each for the last 10 years would have cost $12,000 and be worth about $24,661 in SCHD and $26,442 in VOO. These results are historical and hypothetical, and past performance doesn't indicate future results. A fund spreads your money across its holdings, but it still falls when they fall, as the drops above show. See each on its own on our SCHD calculator and VOO calculator.

How we compare SCHD and VOO

We line up both histories by month, starting November 2011, the first month both have prices. The calculator above runs any amount and period for SCHD, and shows the same money in VOO beside it. Price data from Alpha Vantage.

Frequently Asked Questions

Is SCHD or VOO better?

Neither is better for everyone. VOO has returned more over the last 10 years, 14.9% a year against 13.4%, and it has also swung more. Consider what you already own, how long you'll stay invested and how you'd handle a large drop. Nothing here is investment advice.

What is the 10-year return of SCHD vs. VOO?

Over the last 10 years, SCHD returned 13.4% a year and VOO returned 14.9% a year, with dividends reinvested. That's a total return of 250.8% for SCHD and 301.9% for VOO. The table above shows other periods, and the calculator runs any dates you choose.

How much would $10,000 in SCHD vs. VOO be worth today?

Invested 15 years ago, $10,000 would be worth about $66,839 in SCHD and $78,914 in VOO, as of November 2026. Over 10 years, it's $35,080 and $40,193. These assume dividends were reinvested, and leave out taxes and fees.

Which is riskier, SCHD or VOO?

By how much each swung, they've been about equally risky: about 13.8% a year against 13.7%. VOO has had the deeper fall, 23.9% from its high, measured at month ends. Higher swings mean a wider range of outcomes, so the dates you buy and sell matter more.

How did SCHD and VOO do in their worst years?

SCHD's worst full calendar year in our data was 2018, at -5.6%, when VOO returned -4.5%. VOO's worst was 2022, at -18.2%, when SCHD returned -3.2%. Bad years tend to arrive together for investments that move in the same direction most of the time.

How often has SCHD beaten VOO?

SCHD came out ahead in 4 of 14 full calendar years, or 29% of the time, and VOO in the rest. So far in 2026, through November 2026, SCHD is up 34.1% and VOO is up 11.2%. Leadership often changes from year to year, which is hard to predict ahead of time.

Should I invest in both SCHD and VOO?

It depends on how much they overlap. Their monthly returns have a correlation of 0.82, where 1 means they move exactly together. That's low enough that owning both has spread your risk somewhat, since one hasn't always fallen when the other did. Check what each holds before splitting your money.

What if I invested $100 a month in SCHD or VOO?

Over the last 10 years, $100 at each month end would have cost $12,000 and be worth about $24,661 in SCHD and $26,442 in VOO, with dividends reinvested. Monthly buying spreads your entry prices, so the result depends less on one lucky or unlucky start date. Use the Buying option above to test it.

Are SCHD and VOO the same kind of investment?

They're both ETFs. Schwab U.S. Dividend Equity ETF trades as SCHD, and Vanguard S&P 500 ETF trades as VOO. Their returns have often differed, which suggests different holdings or strategies. Read each one's prospectus or annual report for fees and holdings, which we don't cover here.

Do these returns include dividends?

Yes. We use prices adjusted for splits and dividends, which assumes every dividend was reinvested. That matters most when one pays out more than the other, because a plain price chart would understate its return. Our figures leave out brokerage fees and the tax you'd owe on dividends in a regular account.

How are gains on SCHD and VOO taxed?

In a taxable US account, you owe capital gains tax when you sell at a profit, at long-term rates of 0%, 15% or 20% if you held for more than a year. Dividends are usually taxed in the year you receive them. In a Roth IRA or 401(k), different rules apply. Check IRS guidance or ask a tax professional about your situation.