The Best Dividend ETF to Buy With $1,000 Right Now -- Up 18% This Year
The Schwab U.S. Dividend Equity ETF (SCHD) has turned into an elite performer again with the quality and dividend income themes remaining in favor.
Overview
After a rocky stretch over the past couple years during the artificial intelligence (AI) boom period, the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is back to being an elite performer.
The fund is up some 16% year to date, which puts it near the top of the U.S. dividend ETF category, and double the performance of the Vanguard S&P 500 ETF. It's been a strong comeback for a fund that has been a top-tier performer since its launch in 2011.
Details
On top of that, the Schwab U.S. Dividend Equity ETF has grown its annual dividend every year since its inception. Not only have shareholders enjoyed a 13% average annual return since inception (in an environment where tech and growth stocks have dominated nonetheless), they've also been able to count on an income stream that's steadily improved and remained well above the rate of inflation.
Source
Originally published at www.fool.com.