SCHD vs DLN: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
Holdings snapshots are 61 days apart (SCHD: 2026-05-31, DLN: 2026-03-31). 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 SCHD and DLN?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309. They have 36 holdings in common, and by portfolio weight the two funds are 20.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 36SCHD holds 99 · DLN holds 309
- Weight in Shared Holdings
- SCHD 84%·DLN 21%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
63 of 99 positions (15.5% of the fund) are not held by DLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | DLN |
|---|---|---|
| Consumer Staples | 18.4% | 9.5% |
| Health Care | 18.3% | 13.4% |
| Information Technology | 15.8% | 17.8% |
| Financials | 9.0% | 17.6% |
| Energy | 14.6% | 9.4% |
| Other Sectors | 23.6% | 32.2% |
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% |
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
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 DLN →
Shared Holdings(36)
The top 10 shared positions account for 63% of the overlap, led by CVX, MRK and PG.
 CVXChevron Corp. COM | 3.83% | 2.27% | 2.27% |
|---|---|---|---|
 MRKMerck & Co., Inc COM | 3.86% | 1.41% | 1.41% |
 PGThe Procter & Gamble Co. COM | 3.55% | 1.37% | 1.37% |
 KOCoca-Cola Co (The) COM | 3.96% | 1.34% | 1.34% |
 VZVerizon Communications Inc. COM | 3.65% | 1.33% | 1.33% |
 HDHome Depot Inc. COM | 3.36% | 1.18% | 1.18% |
 PEPPepsico Inc COM | 3.44% | 1.17% | 1.17% |
 AMGNAmgen Inc. COM | 3.47% | 1.11% | 1.11% |
 UNHUnitedHealth Group Inc. COM | 5.09% | 0.89% | 0.89% |
 COPConocoPhillips COM | 3.51% | 0.85% | 0.85% |
 TXNTexas Instruments Inc. COM | 5.90% | 0.78% | 0.78% |
 BMYBristol-Myers Squibb Company COM | 2.93% | 0.73% | 0.73% |
 MOAltria Group, Inc. COM | 2.94% | 0.69% | 0.69% |
 CMCSAComcast Corporation CL A | 2.25% | 0.63% | 0.63% |
 LMTLockheed Martin Corporation COM | 2.70% | 0.61% | 0.61% |
 ABTAbbott Laboratories COM | 2.96% | 0.48% | 0.48% |
 EOGEOG Resources Inc. COM | 1.82% | 0.41% | 0.41% |
 BXBlackstone Inc COM | 2.20% | 0.38% | 0.38% |
 QCOMQUALCOMM Inc. COM | 6.74% | 0.38% | 0.38% |
 TGTTarget Corp. COM | 1.45% | 0.33% | 0.33% |
 ADPAutomatic Data Processing, Inc. COM | 2.25% | 0.29% | 0.29% |
 FFord Motor Company COM | 1.72% | 0.29% | 0.29% |
 KMBKimberly-Clark Corporation COM | 0.81% | 0.22% | 0.22% |
 ADMArcher-Daniels-Midland Co. COM | 0.96% | 0.16% | 0.16% |
 FITBFifth Third Bancorp COM | 1.13% | 0.16% | 0.16% |
Frequently Asked Questions
How much do SCHD and DLN overlap?
SCHD and DLN overlap by 20.6% of portfolio weight. They share 36 holdings (SCHD holds 99 positions and DLN holds 309), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and DLN?
The two portfolios are 20.6% 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 DLN?
The largest positions held by both funds are CVX, MRK, PG, KO and VZ. Together the top 10 shared positions account for 63% of the total overlap.
What does SCHD own that DLN doesn't?
63 positions (15.5% of SCHD) are unique to SCHD, led by ACN, SLB and UPS. In the other direction, 273 positions (79.2% of DLN) are unique to DLN.