SCHD vs XLI: Holdings Overlap
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 67 days apart (SCHD: 2026-05-31, XLI: 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 XLI?
Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 7 holdings in common, and by portfolio weight the two funds are 7.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7SCHD holds 99 · XLI holds 83
- Weight in Shared Holdings
- SCHD 10%·XLI 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
92 of 99 positions (89.8% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHD | XLI |
|---|---|---|
| Industrials | 10.8% | 99.9% |
| Consumer Staples | 18.4% | 0.0% |
| Health Care | 18.3% | 0.0% |
| Information Technology | 15.8% | 0.0% |
| Energy | 14.6% | 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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by LMT, ADP and UPS.
 LMTLockheed Martin Corporation COM | 2.70% | 2.04% | 2.04% |
|---|---|---|---|
 ADPAutomatic Data Processing, Inc. COM | 2.25% | 1.88% | 1.88% |
 UPSUnited Parcel Service, Inc., Class B | 1.98% | 1.33% | 1.33% |
 FASTFastenal Co. COM | 1.28% | 1.00% | 1.00% |
 PAYXPaychex Inc COM | 0.79% | 0.67% | 0.67% |
 SNASnap-On Incorporated COM | 0.48% | 0.37% | 0.37% |
 BRBroadridge Financial Solutions Inc. COM | 0.45% | 0.33% | 0.33% |
Frequently Asked Questions
How much do SCHD and XLI overlap?
SCHD and XLI overlap by 7.6% of portfolio weight. They share 7 holdings (SCHD holds 99 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHD and XLI?
The two portfolios are 7.6% 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 XLI?
The largest positions held by both funds are LMT, ADP, UPS, FAST and PAYX. Together the top 7 shared positions account for 100% of the total overlap.
What does SCHD own that XLI doesn't?
92 positions (89.8% of SCHD) are unique to SCHD, led by QCOM, TXN and UNH. In the other direction, 76 positions (92.3% of XLI) are unique to XLI.