KBWB vs SCHD: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
How similar are KBWB and SCHD?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99. They have 3 holdings in common, and by portfolio weight the two funds are 2.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3KBWB holds 24 · SCHD holds 99
- Weight in Shared Holdings
- KBWB 9%·SCHD 2%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in KBWB
21 of 24 positions (91.1% of the fund) are not held by SCHD.
Sector Breakdown
| Sector | KBWB | SCHD |
|---|---|---|
| Financials | 99.8% | 9.0% |
| Consumer Staples | 0.0% | 18.4% |
| Health Care | 0.0% | 18.3% |
| Information Technology | 0.0% | 15.8% |
| Energy | 0.0% | 14.6% |
| Other Sectors | 0.0% | 23.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KBWB | +1.5% | +17.1% | +39.1% | +32.5% | +11.4% | +13.3% | 1.90% |
| SCHD | +4.2% | +25.6% | +31.4% | +14.9% | +9.7% | +12.8% | 3.09% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in KBWB vs SCHD →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by FITB, RF and EWBC.
Frequently Asked Questions
How much do KBWB and SCHD overlap?
KBWB and SCHD overlap by 2.2% of portfolio weight. They share 3 holdings (KBWB holds 24 positions and SCHD holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and SCHD?
The two portfolios are 2.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of KBWB and SCHD?
The largest positions held by both funds are FITB, RF and EWBC. Together the top 3 shared positions account for 100% of the total overlap.
What does KBWB own that SCHD doesn't?
21 positions (91.1% of KBWB) are unique to KBWB, led by MS, GS and BAC. In the other direction, 96 positions (97.6% of SCHD) are unique to SCHD.