SCHD vs SPYI: Which Pays More, and Which Returned More?
Dividend growth compounding vs high monthly option income.
Side by Side
SCHD vs NEOS S&P 500 High Income ETF
| SCHD | SPYI | |
|---|---|---|
| Provider | Schwab | NEOS |
| Price | $33.37 | $54.11 |
| Forward yield | 3.2% | 11.8% |
| Trailing 12-month yield | 3.2% | 11.7% |
| Payout frequency | quarterly | monthly |
| Next ex-date | Dec 9, 2026 | Oct 21, 2026 |
| 1-year total return (DRIP) | +29.7% | +17.0% |
| Total return since Aug 30, 2022 (DRIP) | +60.0% | +80.5% |
| Annualized return (DRIP) | +12.1% | +15.4% |
| Price-only return (no dividends) | +37.1% | +10.1% |
SCHD vs SPYI
$10,000 invested Aug 30, 2022 to Oct 13, 2026, all dividends reinvested
SCHD vs SPYI: Common Questions
Which pays a higher yield, SCHD or SPYI?
Based on recent distributions annualized against the current price, SCHD has a forward yield of about 3.2% and SPYI about 11.8%, so SPYI currently pays the higher yield. Distribution rates change over time, especially for option income funds.
Which had the better total return, SCHD or SPYI?
From Aug 30, 2022 to Oct 13, 2026, $10,000 with all distributions reinvested grew to $16,003 in SCHD (+60.0%) versus $18,046 in SPYI (+80.5%). SPYI had the better total return over this shared window. Past performance does not predict future results.
How often do SCHD and SPYI pay distributions?
SCHD pays quarterly and SPYI pays monthly. Check each fund page for the next expected ex-dividend date.
Related Comparisons
All figures are computed from split-adjusted prices and actual distributions with reinvestment on the ex-date, over the longest window both funds share (up to 5 years). Nothing on this page is investment advice. See how these numbers are calculated.