SCHD vs DGRO: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHD: 2026-05-31, DGRO: 2026-04-30). 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 SCHD and DGRO?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394. They have 35 holdings in common, and by portfolio weight the two funds are 20.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35SCHD holds 99 · DGRO holds 394
- Weight in Shared Holdings
- SCHD 58%·DGRO 20%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 SCHD
64 of 99 positions (41.4% of the fund) are not held by DGRO. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | DGRO |
|---|---|---|
| Financials | 9.0% | 21.1% |
| Information Technology | 15.8% | 18.5% |
| Consumer Staples | 18.4% | 11.5% |
| Health Care | 18.3% | 16.4% |
| Energy | 14.6% | 5.5% |
| Other Sectors | 23.6% | 26.7% |
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 |
|---|---|---|---|---|---|---|---|
| SCHD | +4.2% | +25.6% | +31.4% | +14.9% | +9.7% | +12.8% | 3.09% |
| DGRO | +2.4% | +15.5% | +25.2% | +17.4% | +11.3% | +13.6% | 1.86% |
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 SCHD vs DGRO →
Shared Holdings(35)
The top 10 shared positions account for 77% of the overlap, led by UNH, PG and HD.
 UNHUnitedHealth Group Inc. COM | 5.09% | 2.31% | 2.31% |
|---|---|---|---|
 PGThe Procter & Gamble Co. COM | 3.55% | 2.07% | 2.07% |
 HDHome Depot, Inc. (The) | 3.36% | 1.89% | 1.89% |
 KOCoca-Cola Co (The) COM | 3.96% | 1.79% | 1.79% |
 MRKMerck & Co., Inc COM | 3.86% | 1.75% | 1.75% |
 PEPPepsico Inc COM | 3.44% | 1.70% | 1.70% |
 AMGNAmgen Inc. COM | 3.47% | 1.11% | 1.11% |
 QCOMQUALCOMM Inc. COM | 6.74% | 1.10% | 1.10% |
 COPConocoPhillips COM | 3.51% | 0.99% | 0.99% |
 ABTAbbott Laboratories COM | 2.96% | 0.79% | 0.79% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 2.90% | 0.76% | 0.76% |
 ADPAutomatic Data Processing, Inc. COM | 2.25% | 0.58% | 0.58% |
 EOGEOG Resources Inc. COM | 1.82% | 0.53% | 0.53% |
 LMTLockheed Martin Corporation COM | 2.70% | 0.47% | 0.47% |
 FITBFifth Third Bancorp COM | 1.13% | 0.35% | 0.35% |
 FASTFastenal Co. COM | 1.28% | 0.23% | 0.23% |
 ADMArcher-Daniels-Midland Co. COM | 0.96% | 0.23% | 0.23% |
 ARESAres Management Corporation CL A COM STK | 0.67% | 0.22% | 0.22% |
 PFGPrincipal Financial Group Inc. COM | 0.52% | 0.17% | 0.17% |
 DRIDarden Restaurants, Inc. COM | 0.59% | 0.16% | 0.16% |
 FNFFidelity National Financial Inc. - FNF Group | 0.30% | 0.13% | 0.13% |
 CINFCincinnati Financial Corporation COM | 0.62% | 0.12% | 0.12% |
 EWBCEast West Bancorp Inc COM | 0.42% | 0.12% | 0.12% |
 SNASnap-On Incorporated COM | 0.48% | 0.11% | 0.11% |
 BRBroadridge Financial Solutions Inc. COM | 0.45% | 0.08% | 0.08% |
Frequently Asked Questions
How much do SCHD and DGRO overlap?
SCHD and DGRO overlap by 20.1% of portfolio weight. They share 35 holdings (SCHD holds 99 positions and DGRO holds 394), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and DGRO?
The two portfolios are 20.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SCHD and DGRO?
The largest positions held by both funds are UNH, PG, HD, KO and MRK. Together the top 10 shared positions account for 77% of the total overlap.
What does SCHD own that DGRO doesn't?
64 positions (41.4% of SCHD) are unique to SCHD, led by TXN, CVX and VZ. In the other direction, 359 positions (79.6% of DGRO) are unique to DGRO.