SCHD vs HDV: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
HDViShares Core High Dividend ETF
iShares · 75 holdings · $14.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHD: 2026-05-31, HDV: 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 HDV?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; iShares Core High Dividend ETF (HDV, by iShares) holds 75. They have 27 holdings in common, and by portfolio weight the two funds are 42.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27SCHD holds 99 · HDV holds 75
- Weight in Shared Holdings
- SCHD 55%·HDV 48%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
72 of 99 positions (44.4% of the fund) are not held by HDV. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | HDV |
|---|---|---|
| Consumer Staples | 18.4% | 24.0% |
| Energy | 14.6% | 22.2% |
| Health Care | 18.3% | 16.4% |
| Information Technology | 15.8% | 7.5% |
| Financials | 9.0% | 11.0% |
| Other Sectors | 23.6% | 18.5% |
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% |
| HDV | +2.8% | +20.2% | +24.7% | +15.7% | +12.1% | +9.6% | 3.06% |
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 HDV →
Shared Holdings(27)
The top 10 shared positions account for 77% of the overlap, led by KO, CVX and MRK.
 KOCoca-Cola Co (The) COM | 3.96% | 3.86% | 3.86% |
|---|---|---|---|
 CVXChevron Corp. COM | 3.83% | 6.42% | 3.83% |
 MRKMerck & Co., Inc COM | 3.86% | 3.77% | 3.77% |
 PGThe Procter & Gamble Co. COM | 3.55% | 4.46% | 3.55% |
 TXNTexas Instruments Inc. COM | 5.90% | 3.54% | 3.54% |
 PEPPepsico Inc COM | 3.44% | 3.66% | 3.44% |
 HDHome Depot, Inc. (The) | 3.36% | 4.07% | 3.36% |
 MOAltria Group, Inc. COM | 2.94% | 3.70% | 2.94% |
 QCOMQUALCOMM Inc. COM | 6.74% | 2.37% | 2.37% |
 BXBlackstone Inc., Class A | 2.20% | 2.42% | 2.20% |
 COPConocoPhillips COM | 3.51% | 2.13% | 2.13% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 2.90% | 1.64% | 1.64% |
 EOGEOG Resources Inc. COM | 1.82% | 1.14% | 1.14% |
 SLBSLB Ltd. COM USD0.01 | 2.05% | 1.01% | 1.01% |
 KMBKimberly-Clark Corporation COM | 0.81% | 0.77% | 0.77% |
 PAYXPaychex Inc COM | 0.79% | 0.63% | 0.63% |
 TROWPrice T Rowe Group Inc. COM | 0.57% | 0.60% | 0.57% |
 RFRegions Financial Corporation COM | 0.61% | 0.47% | 0.47% |
 HSYHershey Co. (The) COM | 0.72% | 0.34% | 0.34% |
 DRIDarden Restaurants, Inc. COM | 0.59% | 0.34% | 0.34% |
 SNASnap-On Incorporated COM | 0.48% | 0.24% | 0.24% |
 WSOWatsco Inc COM | 0.32% | 0.23% | 0.23% |
 MSMMSC Industrial Direct Co., Inc., Class A | 0.13% | 0.08% | 0.08% |
 MCMoelis & Co., Class A | 0.13% | 0.07% | 0.07% |
 PAGPenske Automotive Group, Inc. COM | 0.08% | 0.06% | 0.06% |
Frequently Asked Questions
How much do SCHD and HDV overlap?
SCHD and HDV overlap by 42.6% of portfolio weight. They share 27 holdings (SCHD holds 99 positions and HDV holds 75), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and HDV?
The two portfolios are 42.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SCHD and HDV?
The largest positions held by both funds are KO, CVX, MRK, PG and TXN. Together the top 10 shared positions account for 77% of the total overlap.
What does SCHD own that HDV doesn't?
72 positions (44.4% of SCHD) are unique to SCHD, led by UNH, VZ and AMGN. In the other direction, 48 positions (51.6% of HDV) are unique to HDV.