SCHD vs SDY: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (SCHD: 2026-05-31, SDY: 2026-08-06). 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 SDY?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154. They have 24 holdings in common, and by portfolio weight the two funds are 24.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24SCHD holds 99 · SDY holds 154
- Weight in Shared Holdings
- SCHD 49%·SDY 27%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
75 of 99 positions (51.0% of the fund) are not held by SDY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | SDY |
|---|---|---|
| Industrials | 10.8% | 18.7% |
| Consumer Staples | 18.4% | 15.2% |
| Health Care | 18.3% | 8.4% |
| Information Technology | 15.8% | 7.9% |
| Energy | 14.6% | 3.3% |
| Other Sectors | 21.8% | 46.4% |
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% |
| SDY | +1.4% | +14.8% | +16.9% | +10.8% | +7.8% | +9.4% | 2.36% |
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 SDY →
Shared Holdings(24)
The top 10 shared positions account for 72% of the overlap, led by VZ, ACN and PEP.
 VZVerizon Communications Inc. COM | 3.65% | 3.03% | 3.03% |
|---|---|---|---|
 ACNAccenture PLC CLS'A'USD0.0000225 | 2.90% | 2.74% | 2.74% |
 PEPPepsico Inc COM | 3.44% | 1.91% | 1.91% |
 CVXChevron Corp. COM | 3.83% | 1.80% | 1.80% |
 ADPAutomatic Data Processing, Inc. COM | 2.25% | 1.46% | 1.46% |
 TGTTarget Corp. COM | 1.45% | 1.59% | 1.45% |
 LMTLockheed Martin Corporation COM | 2.70% | 1.31% | 1.31% |
 ABTAbbott Laboratories COM | 2.96% | 1.27% | 1.27% |
 PGThe Procter & Gamble Co. COM | 3.55% | 1.25% | 1.25% |
 KOCoca-Cola Co (The) COM | 3.96% | 1.18% | 1.18% |
 ADMArcher-Daniels-Midland Co. COM | 0.96% | 1.03% | 0.96% |
 FASTFastenal Co. COM | 1.28% | 0.96% | 0.96% |
 KMBKimberly-Clark Corporation COM | 0.81% | 1.52% | 0.81% |
 QCOMQUALCOMM Inc. COM | 6.74% | 0.78% | 0.78% |
 TXNTexas Instruments Inc. COM | 5.90% | 0.77% | 0.77% |
 CINFCincinnati Financial Corporation COM | 0.62% | 0.87% | 0.62% |
 TROWPrice T Rowe Group Inc. COM | 0.57% | 1.00% | 0.57% |
 BBYBest Buy Co Inc. COM | 0.38% | 0.57% | 0.38% |
 AFGAmerican Financial Group, Inc. COM | 0.23% | 0.42% | 0.23% |
 ORIOld Republic International Corporation COM | 0.21% | 0.40% | 0.21% |
 ERIEErie Indemnity Co., Class A | 0.14% | 0.31% | 0.14% |
 OZKBank OZK COM | 0.13% | 0.23% | 0.13% |
 RHIRobert Half Inc. COM | 0.07% | 0.13% | 0.07% |
 MZTIMarzetti Company/The | 0.06% | 0.10% | 0.06% |
Frequently Asked Questions
How much do SCHD and SDY overlap?
SCHD and SDY overlap by 24.1% of portfolio weight. They share 24 holdings (SCHD holds 99 positions and SDY holds 154), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and SDY?
The two portfolios are 24.1% 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 SDY?
The largest positions held by both funds are VZ, ACN, PEP, CVX and ADP. Together the top 10 shared positions account for 72% of the total overlap.
What does SCHD own that SDY doesn't?
75 positions (51.0% of SCHD) are unique to SCHD, led by UNH, MRK and COP. In the other direction, 130 positions (73.2% of SDY) are unique to SDY.