MDY vs SCHD: Holdings Overlap
MDYState Street® SPDR® S&P MIDCAP 400® ETF Trust
State Street (SPDR) · 399 holdings · $27.1B · as of 2026-08-06
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
Holdings snapshots are 67 days apart (MDY: 2026-08-06, SCHD: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are MDY and SCHD?
State Street® SPDR® S&P MIDCAP 400® ETF Trust (MDY, by State Street (SPDR)) holds 399 positions; Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99. They have 18 holdings in common, and by portfolio weight the two funds are 3.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18MDY holds 399 · SCHD holds 99
- Weight in Shared Holdings
- MDY 4%·SCHD 3%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 MDY
381 of 399 positions (100.8% of the fund) are not held by SCHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | MDY | SCHD |
|---|---|---|
| Industrials | 25.9% | 10.8% |
| Consumer Staples | 3.6% | 18.4% |
| Health Care | 10.3% | 18.3% |
| Financials | 16.0% | 9.0% |
| Information Technology | 15.6% | 15.8% |
| Other Sectors | 33.7% | 27.3% |
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 |
|---|---|---|---|---|---|---|---|
| MDY | +3.1% | +18.1% | +25.6% | +14.2% | +8.8% | +10.9% | 0.99% |
| 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 MDY vs SCHD →
Shared Holdings(18)
The top 10 shared positions account for 75% of the overlap, led by EWBC, WSO and FNF.
 EWBCEast West Bancorp Inc. | 0.49% | 0.42% | 0.42% |
|---|---|---|---|
 WSOWatsco Inc. | 0.63% | 0.32% | 0.32% |
 FNFFidelity National Financial Inc. - FNF Group | 0.36% | 0.30% | 0.30% |
 DINOHF Sinclair Corporation | 0.35% | 0.28% | 0.28% |
 BAHBooz Allen Hamilton Holding Corporation Class A | 0.24% | 0.24% | 0.24% |
 AFGAmerican Financial Group Inc/OH | 0.28% | 0.23% | 0.23% |
 COLBColumbia Banking System Inc. | 0.25% | 0.22% | 0.22% |
 ALVAutoliv Inc. | 0.23% | 0.22% | 0.22% |
 ORIOld Republic International Corporation | 0.27% | 0.21% | 0.21% |
 MMacy's Inc. | 0.18% | 0.15% | 0.15% |
 NXSTNexstar Media Group Inc. | 0.15% | 0.13% | 0.13% |
 OZKBank OZK | 0.14% | 0.13% | 0.13% |
 MSMMSC Industrial Direct Co. Inc. Class A | 0.16% | 0.13% | 0.13% |
 MURMurphy Oil Corporation | 0.12% | 0.12% | 0.12% |
 MTNVail Resorts Inc. | 0.14% | 0.12% | 0.12% |
 FHIFederated Hermes Inc. Class B | 0.13% | 0.10% | 0.10% |
 PAGPenske Automotive Group Inc. | 0.11% | 0.08% | 0.08% |
 MZTIMarzetti Company/The | 0.06% | 0.06% | 0.06% |
Frequently Asked Questions
How much do MDY and SCHD overlap?
MDY and SCHD overlap by 3.5% of portfolio weight. They share 18 holdings (MDY holds 399 positions and SCHD holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MDY and SCHD?
The two portfolios are 3.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of MDY and SCHD?
The largest positions held by both funds are EWBC, WSO, FNF, DINO and BAH. Together the top 10 shared positions account for 75% of the total overlap.
What does MDY own that SCHD doesn't?
381 positions (100.8% of MDY) are unique to MDY, led by ATI, TWLO and ILMN. In the other direction, 81 positions (96.3% of SCHD) are unique to SCHD.