SDY vs SCHD: Holdings Overlap
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · as of 2026-08-06
SCHDSchwab U.S. Dividend Equity ETF
Schwab · 99 holdings · $105.7B · as of 2026-05-31
Holdings snapshots are 67 days apart (SDY: 2026-08-06, SCHD: 2026-05-31). 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 SDY and SCHD?
State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154 positions; Schwab U.S. Dividend Equity ETF (SCHD, by Schwab) holds 99. They have 24 holdings in common, and by portfolio weight the two funds are 24.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24SDY holds 154 · SCHD holds 99
- Weight in Shared Holdings
- SDY 27%·SCHD 49%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 SDY
130 of 154 positions (73.2% of the fund) are not held by SCHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SDY | SCHD |
|---|---|---|
| Industrials | 18.7% | 10.8% |
| Consumer Staples | 15.2% | 18.4% |
| Health Care | 8.4% | 18.3% |
| Information Technology | 7.9% | 15.8% |
| Energy | 3.3% | 14.6% |
| Other Sectors | 46.4% | 21.8% |
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 |
|---|---|---|---|---|---|---|---|
| SDY | +1.4% | +14.8% | +16.9% | +10.8% | +7.8% | +9.4% | 2.36% |
| SCHD | +4.2% | +25.6% | +31.4% | +14.9% | +9.7% | +12.8% | 3.09% |
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 SDY vs SCHD →
Shared Holdings(24)
The top 10 shared positions account for 72% of the overlap, led by VZ, ACN and PEP.
 VZVerizon Communications Inc. COM | 3.03% | 3.65% | 3.03% |
|---|---|---|---|
 ACNAccenture PLC CLS'A'USD0.0000225 | 2.74% | 2.90% | 2.74% |
 PEPPepsico Inc COM | 1.91% | 3.44% | 1.91% |
 CVXChevron Corp. COM | 1.80% | 3.83% | 1.80% |
 ADPAutomatic Data Processing, Inc. COM | 1.46% | 2.25% | 1.46% |
 TGTTarget Corp. COM | 1.59% | 1.45% | 1.45% |
 LMTLockheed Martin Corporation COM | 1.31% | 2.70% | 1.31% |
 ABTAbbott Laboratories COM | 1.27% | 2.96% | 1.27% |
 PGThe Procter & Gamble Co. COM | 1.25% | 3.55% | 1.25% |
 KOCoca-Cola Co (The) COM | 1.18% | 3.96% | 1.18% |
 ADMArcher-Daniels-Midland Co. COM | 1.03% | 0.96% | 0.96% |
 FASTFastenal Co. COM | 0.96% | 1.28% | 0.96% |
 KMBKimberly-Clark Corporation COM | 1.52% | 0.81% | 0.81% |
 QCOMQUALCOMM Inc. COM | 0.78% | 6.74% | 0.78% |
 TXNTexas Instruments Inc. COM | 0.77% | 5.90% | 0.77% |
 CINFCincinnati Financial Corporation COM | 0.87% | 0.62% | 0.62% |
 TROWPrice T Rowe Group Inc. COM | 1.00% | 0.57% | 0.57% |
 BBYBest Buy Co Inc. COM | 0.57% | 0.38% | 0.38% |
 AFGAmerican Financial Group, Inc. COM | 0.42% | 0.23% | 0.23% |
 ORIOld Republic International Corporation COM | 0.40% | 0.21% | 0.21% |
 ERIEErie Indemnity Co., Class A | 0.31% | 0.14% | 0.14% |
 OZKBank OZK COM | 0.23% | 0.13% | 0.13% |
 RHIRobert Half Inc. COM | 0.13% | 0.07% | 0.07% |
 MZTIMarzetti Company/The | 0.10% | 0.06% | 0.06% |
Frequently Asked Questions
How much do SDY and SCHD overlap?
SDY and SCHD overlap by 24.1% of portfolio weight. They share 24 holdings (SDY holds 154 positions and SCHD holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SDY and SCHD?
The two portfolios are 24.1% 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 SDY and SCHD?
The largest positions held by both funds are VZ, ACN, PEP, CVX and ADP. Together the top 10 shared positions account for 72% of the total overlap.
What does SDY own that SCHD doesn't?
130 positions (73.2% of SDY) are unique to SDY, led by O, NKE and MDT. In the other direction, 75 positions (51.0% of SCHD) are unique to SCHD.