SCHD vs SPHD: Which Is the Better Dividend Stock?
As of September 2026, SCHD (Schwab U.S. Dividend Equity ETF) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SPHD offers the higher yield at 5.05%, SCHD has the higher dividend-safety score, and SPHD trades at the larger discount to fair value (-34%).
| Metric | SCHD | SPHD |
|---|---|---|
| Forward yield | 3.19% | 5.05% |
| Annual dividend | $1.06 | $2.47 |
| Payout ratio | — | — |
| Years of growth | 14 yr | 1 yr |
| 5-yr dividend growth | 9.1% | 1.0% |
| 5-yr total return | 30% | 17% |
| Dividend safety score | 84 (A) | 56 (C) |
| Fair value estimate | $21.33 | $33.05 |
| Upside to fair value | -37% | -34% |
| Frequency | quarterly | monthly |
| Market cap | — | — |
| P/E ratio | 18.3 | 15.8 |
Higher yield
SPHD
5.05%
Safer dividend
SCHD
Grade A
Faster growth
SCHD
9.1%
Better value
SPHD
-34% upside
SCHD vs SPHD — FAQ
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