IWD vs SCHD: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · Schwab U.S. Dividend Equity ETF (SCHD)
overlap by weight · 62 shared holdings
IWD: 866 holdings (as of 2026-03-31) · SCHD: 97 holdings (as of 2026-02-28)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
IWD and SCHD hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in IWD | in SCHD |
|---|---|---|---|
| CHEVRON CORPORATION | CVX | 1.28% | 4.31% |
| CISCO SYSTEMS, INC. | CSCO | 1.02% | 3.58% |
| MERCK & CO., INC. | MRK | 0.98% | 4.24% |
| VERIZON COMMUNICATIONS INC. | VZ | 0.7% | 4.31% |
| Pepsico, Inc. | PEP | 0.6% | 4.01% |
| CONOCOPHILLIPS | COP | 0.54% | 4.32% |
| THE COCA-COLA COMPANY | KO | 0.5% | 4.03% |
| Altria Group, Inc. | MO | 0.37% | 4.14% |
| TEXAS INSTRUMENTS INCORPORATED | TXN | 0.34% | 4.06% |
| BRISTOL-MYERS SQUIBB COMPANY | BMY | 0.33% | 4.28% |
FAQ
How much do IWD and SCHD overlap?
IWD and SCHD have a 10.7% overlap by weight, sharing 62 holdings (out of 866 in IWD and 97 in SCHD), based on official issuer holdings as of 2026-03-31.
What does 10.7% overlap mean?
IWD and SCHD hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and SCHD both hold?
The largest shared positions are CHEVRON CORPORATION, CISCO SYSTEMS, INC., MERCK & CO., INC., VERIZON COMMUNICATIONS INC., Pepsico, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.