SCHD vs SMH: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Holdings snapshots are 61 days apart (SCHD: 2026-05-31, SMH: 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 SMH?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 3 holdings in common, and by portfolio weight the two funds are 8.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3SCHD holds 99 · SMH holds 25
- Weight in Shared Holdings
- SCHD 13%·SMH 9%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
96 of 99 positions (86.8% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | SMH |
|---|---|---|
| Information Technology | 15.8% | 99.9% |
| Consumer Staples | 18.4% | 0.0% |
| Health Care | 18.3% | 0.0% |
| Energy | 14.6% | 0.0% |
| Industrials | 10.8% | 0.0% |
| Other Sectors | 21.8% | 0.0% |
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% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
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 SMH →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by TXN, QCOM and SWKS.
Frequently Asked Questions
How much do SCHD and SMH overlap?
SCHD and SMH overlap by 8.9% of portfolio weight. They share 3 holdings (SCHD holds 99 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and SMH?
The two portfolios are 8.9% 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 SMH?
The largest positions held by both funds are TXN, QCOM and SWKS. Together the top 3 shared positions account for 100% of the total overlap.
What does SCHD own that SMH doesn't?
96 positions (86.8% of SCHD) are unique to SCHD, led by UNH, KO and MRK. In the other direction, 22 positions (91.0% of SMH) are unique to SMH.