The Schwab US Dividend Equity ETF (NYSE:SCHD) is firing on all cylinders this year, and is set to dethrone the Vanguard Dividend Appreciation ETF (NYSE:VIG) to become the new dividend king.
Schwab US Dividend Equity ETF to Pass the VIG ETF
SCHD has had a total return of 30% this year and is now hovering at its all-time high. In contrast, VIG has jumped by 11.50%, while the Vanguard S&P 500 ETF (NYSE:VOO) rose by 13.45%. It has also beaten the tech-heavy Invesco QQQ ETF (NASDAQ:QQQ), which has risen by 17%.
SCHD’s surge has also coincided with rising demand from American investors. According to ETF Db, the fund’s inflows jumped by over $4.2 billion in the last 30 days and $19.6 billion since January. It has had outflows in just two weeks this year.
As a result, SCHD is set to dethrone the VIG ETF in terms of assets under management (AUM). Its AUM has jumped to $112 billion and is close to overtaking VIG, which has over $113.78 billion in assets.
