SCHD vs SPYD: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (SCHD: 2026-05-31, SPYD: 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 SPYD?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80. They have 21 holdings in common, and by portfolio weight the two funds are 21.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 21.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21SCHD holds 99 · SPYD holds 80
- Weight in Shared Holdings
- SCHD 37%·SPYD 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
78 of 99 positions (62.8% of the fund) are not held by SPYD. Showing the top 30 by weight.
Only in SPYD
59 of 80 positions (73.0% of the fund) are not held by SCHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | SPYD |
|---|---|---|
| Real Estate | 0.0% | 24.3% |
| Consumer Staples | 18.4% | 15.0% |
| Health Care | 18.3% | 3.9% |
| Information Technology | 15.8% | 4.2% |
| Energy | 14.6% | 4.8% |
| Other Sectors | 32.6% | 47.3% |
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% |
| SPYD | +2.8% | +17.9% | +21.3% | +14.3% | +9.3% | +8.7% | 4.07% |
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 SPYD →
Shared Holdings(21)
The top 10 shared positions account for 62% of the overlap, led by ACN, BX and CMCSA.
 ACNAccenture PLC CLS'A'USD0.0000225 | 2.90% | 1.51% | 1.51% |
|---|---|---|---|
 BXBlackstone Inc., Class A | 2.20% | 1.34% | 1.34% |
 CMCSAComcast Corporation CL A | 2.25% | 1.32% | 1.32% |
 TGTTarget Corp. COM | 1.45% | 1.32% | 1.32% |
 VZVerizon Communications Inc. COM | 3.65% | 1.31% | 1.31% |
 BMYBristol-Myers Squibb Company COM | 2.93% | 1.31% | 1.31% |
 PEPPepsico Inc COM | 3.44% | 1.26% | 1.26% |
 CVXChevron Corp. COM | 3.83% | 1.21% | 1.21% |
 OKEOneok Inc. COM | 1.33% | 1.18% | 1.18% |
 FFord Motor Company COM | 1.72% | 1.18% | 1.18% |
 EOGEOG Resources Inc. COM | 1.82% | 1.17% | 1.17% |
 MOAltria Group, Inc. COM | 2.94% | 1.16% | 1.16% |
 UPSUnited Parcel Service, Inc., Class B | 1.98% | 1.10% | 1.10% |
 KMBKimberly-Clark Corporation COM | 0.81% | 1.23% | 0.81% |
 PAYXPaychex Inc COM | 0.79% | 1.34% | 0.79% |
 ARESAres Management Corporation CL A COM STK | 0.67% | 1.43% | 0.67% |
 RFRegions Financial Corporation COM | 0.61% | 1.26% | 0.61% |
 TROWPrice T Rowe Group Inc. COM | 0.57% | 1.21% | 0.57% |
 GISGeneral Mills, Inc. COM | 0.45% | 1.21% | 0.45% |
 BBYBest Buy Co Inc. COM | 0.38% | 1.14% | 0.38% |
 SWKSSkyworks Solutions, Inc. COM | 0.29% | 1.31% | 0.29% |
Frequently Asked Questions
How much do SCHD and SPYD overlap?
SCHD and SPYD overlap by 21.0% of portfolio weight. They share 21 holdings (SCHD holds 99 positions and SPYD holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and SPYD?
The two portfolios are 21.0% 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 SPYD?
The largest positions held by both funds are ACN, BX, CMCSA, TGT and VZ. Together the top 10 shared positions account for 62% of the total overlap.
What does SCHD own that SPYD doesn't?
78 positions (62.8% of SCHD) are unique to SCHD, led by QCOM, TXN and UNH. In the other direction, 59 positions (73.0% of SPYD) are unique to SPYD.