SPMD vs SCHM: Holdings Overlap
SPMDState Street® SPDR® Portfolio S&P 400™ Mid Cap ETF
State Street (SPDR) · 399 holdings · $18.5B · as of 2026-08-06
Schwab · 496 holdings · $15.1B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPMD: 2026-08-06, SCHM: 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 SPMD and SCHM?
State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF (SPMD, by State Street (SPDR)) holds 399 positions; Schwab U.S. Mid-Cap ETF (SCHM, by Schwab) holds 496. They have 297 holdings in common, and by portfolio weight the two funds are 53.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 297SPMD holds 399 · SCHM holds 496
- Weight in Shared Holdings
- SPMD 87%·SCHM 54%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 SPMD
102 of 399 positions (18.7% of the fund) are not held by SCHM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPMD | SCHM |
|---|---|---|
| Industrials | 26.0% | 22.5% |
| Information Technology | 15.7% | 20.2% |
| Financials | 16.1% | 11.7% |
| Consumer Discretionary | 11.7% | 9.5% |
| Health Care | 10.3% | 10.8% |
| Other Sectors | 25.8% | 25.0% |
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 |
|---|---|---|---|---|---|---|---|
| SPMD | +3.1% | +18.5% | +26.0% | +14.6% | +9.1% | +11.3% | 1.19% |
| SCHM | +1.6% | +20.7% | +28.9% | +15.8% | +8.2% | +11.2% | 1.22% |
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 SPMD vs SCHM →
Shared Holdings(297)
The top 10 shared positions account for 9% of the overlap, led by TWLO, FTI and CW.
 TWLOTwilio, Inc., Class A | 0.81% | 0.54% | 0.54% |
|---|---|---|---|
 FTITechnipFMC PLC USD1 | 0.76% | 0.51% | 0.51% |
 CWCurtiss-Wright Corporation | 0.73% | 0.51% | 0.51% |
 NVTNVent Electric PLC COM USD0.01 | 0.73% | 0.50% | 0.50% |
 XPOXPO Inc COM | 0.63% | 0.47% | 0.47% |
 STRLSterling Infrastructure Inc COM | 0.45% | 0.49% | 0.45% |
 UTHRUnited Therapeutics Corporation COM | 0.62% | 0.44% | 0.44% |
 ATIATI Inc COM | 0.84% | 0.44% | 0.44% |
 MTSIMACOM Technology Solutions Holdings Inc. COM | 0.54% | 0.44% | 0.44% |
 FNFabrinet COM USD0.01 | 0.54% | 0.43% | 0.43% |
 CRSCarpenter Technology Corporation COM | 0.76% | 0.43% | 0.43% |
 MTZMastec, Inc. COM | 0.44% | 0.43% | 0.43% |
 MKSIMKS Inc. COM | 0.54% | 0.40% | 0.40% |
 NXTNextpower Inc. CLASS A COM | 0.40% | 0.43% | 0.40% |
 ENTGEntegris Inc COM | 0.60% | 0.39% | 0.39% |
 OKTAOkta Inc. Class A | 0.66% | 0.39% | 0.39% |
 WWDWoodward Inc. COM | 0.60% | 0.39% | 0.39% |
 BURLBurlington Stores Inc. COM | 0.64% | 0.37% | 0.37% |
 LSCCLattice Semiconductor Corporation COM | 0.48% | 0.37% | 0.37% |
 AAAlcoa Corporation COM | 0.68% | 0.37% | 0.37% |
 CDECoeur Mining Inc COM NEW | 0.45% | 0.37% | 0.37% |
 RSReliance Inc COM | 0.59% | 0.37% | 0.37% |
 RBARB Global Inc COM | 0.47% | 0.37% | 0.37% |
 SNXTD SYNNEX Corporation | 0.53% | 0.36% | 0.36% |
 RGLDRoyal Gold, Inc. COM | 0.49% | 0.34% | 0.34% |
Showing the top 250 of 297 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPMD and SCHM overlap?
SPMD and SCHM overlap by 53.6% of portfolio weight. They share 297 holdings (SPMD holds 399 positions and SCHM holds 496), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPMD and SCHM?
The two portfolios are 53.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPMD and SCHM?
The largest positions held by both funds are TWLO, FTI, CW, NVT and XPO. Together the top 10 shared positions account for 9% of the total overlap.
What does SPMD own that SCHM doesn't?
102 positions (18.7% of SPMD) are unique to SPMD, led by ILMN, P and SN. In the other direction, 199 positions (46.2% of SCHM) are unique to SCHM.