SCHD vs XLG: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHD: 2026-05-31, XLG: 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 XLG?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 11 holdings in common, and by portfolio weight the two funds are 7.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SCHD holds 99 · XLG holds 51
- Weight in Shared Holdings
- SCHD 42%·XLG 8%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
88 of 99 positions (57.3% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | XLG |
|---|---|---|
| Information Technology | 15.8% | 43.7% |
| Consumer Staples | 18.4% | 5.8% |
| Health Care | 18.3% | 7.0% |
| Communication Services | 6.0% | 17.0% |
| Energy | 14.6% | 2.7% |
| Other Sectors | 26.6% | 23.4% |
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% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 XLG →
Shared Holdings(11)
The top 10 shared positions account for 96% of the overlap, led by CVX, PG and UNH.
 CVXChevron Corp. | 3.83% | 0.97% | 0.97% |
|---|---|---|---|
 PGProcter & Gamble Co. (The) | 3.55% | 0.92% | 0.92% |
 UNHUnitedHealth Group Inc. | 5.09% | 0.90% | 0.90% |
 HDHome Depot, Inc. (The) | 3.36% | 0.88% | 0.88% |
 KOCoca-Cola Co. (The) | 3.96% | 0.82% | 0.82% |
 MRKMerck & Co., Inc. | 3.86% | 0.73% | 0.73% |
 TXNTexas Instruments Inc. | 5.90% | 0.69% | 0.69% |
 PEPPepsiCo, Inc. | 3.44% | 0.58% | 0.58% |
 VZVerizon Communications Inc. | 3.65% | 0.54% | 0.54% |
 ABTAbbott Laboratories | 2.96% | 0.42% | 0.42% |
 ACNAccenture PLC, Class A | 2.90% | 0.30% | 0.30% |
Frequently Asked Questions
How much do SCHD and XLG overlap?
SCHD and XLG overlap by 7.8% of portfolio weight. They share 11 holdings (SCHD holds 99 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and XLG?
The two portfolios are 7.8% 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 XLG?
The largest positions held by both funds are CVX, PG, UNH, HD and KO. Together the top 10 shared positions account for 96% of the total overlap.
What does SCHD own that XLG doesn't?
88 positions (57.3% of SCHD) are unique to SCHD, led by QCOM, COP and AMGN. In the other direction, 40 positions (91.8% of XLG) are unique to XLG.