SPY vs SCHD — 14-Year Performance Comparison
S&P 500 vs Dividend Growth — backtested 2011–2024
SPY wins$60,195 vs $55,862 on $10,000 over 14 years
SPYS&P 500
Final value$60,195
CAGR+13.7%
Max drawdown-18.2%
Best year+32% (2013)
Years won8 of 14
SCHDDividend Growth
Final value$55,862
CAGR+13.1%
Max drawdown-5.9%
Best year+33% (2013)
Years won6 of 14
Growth of $10,000
2011–2024SPYSCHD
SPY$60,195
SCHD$55,862
50/50 mix$58,467
50/50 blend: $58,467 (+13.4%/yr CAGR)
Splitting equally between SPY and SCHD would have landed between the two — slightly lower CAGR than SPY but less volatility. Try a custom split →
Year-by-year: SPY vs SCHD
| Year | SPY | SCHD | Winner |
|---|---|---|---|
| 2024 | +23.3% | +25.3% | SCHD |
| 2023 | +26.3% | +6.8% | SPY |
| 2022 | -18.2% | -3.2% | SCHD |
| 2021 | +28.7% | +29.5% | SCHD |
| 2020 | +18.4% | +11.6% | SPY |
| 2019 | +31.5% | +28.4% | SPY |
| 2018 | -4.4% | -5.9% | SPY |
| 2017 | +21.8% | +20.1% | SPY |
| 2016 | +12.0% | +18.8% | SCHD |
| 2015 | +1.4% | +0.3% | SPY |
| 2014 | +13.7% | +14.7% | SCHD |
| 2013 | +32.4% | +33.0% | SCHD |
| 2012 | +16.0% | +14.1% | SPY |
| 2011 | +2.1% | -0.5% | SPY |
More comparisons
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