SCHD vs SPHD: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
How similar are SCHD and SPHD?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 14 holdings in common, and by portfolio weight the two funds are 20.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14SCHD holds 99 · SPHD holds 49
- Weight in Shared Holdings
- SCHD 24%·SPHD 29%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
85 of 99 positions (76.1% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | SPHD |
|---|---|---|
| Real Estate | 0.0% | 21.2% |
| Consumer Staples | 18.4% | 18.1% |
| Health Care | 18.3% | 5.0% |
| Financials | 9.0% | 16.0% |
| Information Technology | 15.8% | 0.0% |
| Other Sectors | 38.2% | 39.0% |
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% |
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
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 SPHD →
Shared Holdings(14)
The top 10 shared positions account for 89% of the overlap, led by VZ, MO and CVX.
 VZVerizon Communications Inc. | 3.65% | 3.47% | 3.47% |
|---|---|---|---|
 MOAltria Group, Inc. | 2.94% | 3.43% | 2.94% |
 CVXChevron Corp. | 3.83% | 2.09% | 2.09% |
 BMYBristol-Myers Squibb Co. | 2.93% | 2.06% | 2.06% |
 EOGEOG Resources, Inc. | 1.82% | 1.98% | 1.82% |
 CMCSAComcast Corp., Class A | 2.25% | 1.60% | 1.60% |
 OKEONEOK, Inc. | 1.33% | 2.64% | 1.33% |
 FITBFifth Third Bancorp | 1.13% | 1.32% | 1.13% |
 KMBKimberly-Clark Corp. | 0.81% | 2.08% | 0.81% |
 PAYXPaychex, Inc. | 0.79% | 1.45% | 0.79% |
 RFRegions Financial Corp. | 0.61% | 1.58% | 0.61% |
 TROWT. Rowe Price Group, Inc. | 0.57% | 2.08% | 0.57% |
 PFGPrincipal Financial Group, Inc. | 0.52% | 1.69% | 0.52% |
 GISGeneral Mills, Inc. | 0.45% | 1.70% | 0.45% |
Frequently Asked Questions
How much do SCHD and SPHD overlap?
SCHD and SPHD overlap by 20.2% of portfolio weight. They share 14 holdings (SCHD holds 99 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and SPHD?
The two portfolios are 20.2% 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 SPHD?
The largest positions held by both funds are VZ, MO, CVX, BMY and EOG. Together the top 10 shared positions account for 89% of the total overlap.
What does SCHD own that SPHD doesn't?
85 positions (76.1% of SCHD) are unique to SCHD, led by QCOM, TXN and UNH. In the other direction, 35 positions (70.2% of SPHD) are unique to SPHD.