# SCHD Wins on Efficiency and Income

> Schwab's dividend ETF outperforms ProShares' with lower fees and higher yield.
- Title: SCHD Wins on Efficiency and Income · The Motley Fool
- Summary: Schwab's dividend ETF outperforms ProShares' with lower fees and higher yield. Schwab U.S. Dividend Equity ETF (SCHD) offers better dividend yield (3.1%) and…
- Keywords: schwab, proshares, dividend etf, schd, nobl, dividend yield, expense ratio, s&p 500, finance, money, Wins, Efficiency
- Source: The Motley Fool — https://fool.com/coverage/etfs/2026/10/22/the-bottom-line-on-dividend-etfs-why-schd-wins-on-efficiency-and-income
- Author: Jake Lerch
- Published: 2026-10-22T16:30:02+00:00
- Read time: 1 min
- Topics: schwab, proshares, dividend etf, schd, nobl, dividend yield, expense ratio, s&p 500, finance, money
## Dividend ETF Comparison
Investors compare ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Schwab U.S. Dividend Equity ETF (SCHD) for income potential.
## Key Financial Metrics
NOBL has $59.13 share price with 1.98% yield versus SCHD's $35.78 share price with 2.95% yield.
## Expense Ratio Difference
SCHD charges 0.06% expense ratio versus NOBL's 0.35% expense ratio for investors.
## Dividend Yield Comparison
SCHD offers 3.1% dividend yield compared to NOBL's 2.1% yield for income-focused investors.
## Performance Over 5 Years
SCHD delivered 60% total return versus NOBL's 38% over five years for investors.
## Investor Recommendation
For most income-oriented or cost-conscious investors, SCHD is the clear choice due to lower fees and higher yield.
## Key takeaway

Schwab U.S. Dividend Equity ETF (SCHD) offers better dividend yield (3.1%) and lower expense ratio (0.06%) than ProShares S&P 500 Dividend Aristocrats ETF (NOBL) for income-focused investors.