SCHD vs SDY: how much do they overlap?

Schwab U.S. Dividend Equity ETF (SCHD) · SPDR S&P Dividend ETF (SDY)

17.8%

overlap by weight · 17 shared holdings

SCHD: 97 holdings (as of 2026-02-28) · SDY: 156 holdings (as of 09-Jul-2026)

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

SCHD and SDY 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

CompanyTickerin SCHDin SDY
Verizon Communications Inc VZ 4.31% 2.09%
AbbVie Inc ABBV 3.53% 1.6%
Texas Instruments Inc TXN 4.06% 1.6%
Target Corp TGT 1.86% 1.56%
PepsiCo Inc PEP 4.01% 1.35%
Chevron Corp CVX 4.31% 1.33%
Kimberly-Clark Corp KMB 1.33% 1.74%
Coca-Cola Co/The KO 4.03% 1.28%
Archer-Daniels-Midland Co ADM 1.19% 1.34%
Cincinnati Financial Corp CINF 0.92% 1.04%

FAQ

How much do SCHD and SDY overlap?

SCHD and SDY have a 17.8% overlap by weight, sharing 17 holdings (out of 97 in SCHD and 156 in SDY), based on official issuer holdings as of 2026-02-28.

What does 17.8% overlap mean?

SCHD and SDY hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.

Which stocks do SCHD and SDY both hold?

The largest shared positions are Verizon Communications Inc, AbbVie Inc, Texas Instruments Inc, Target Corp, PepsiCo Inc. The full list of top shared holdings with weights in each fund is shown on this page.

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