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