SCHD vs SPY: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · SPDR S&P 500 ETF Trust (SPY)
overlap by weight · 40 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · SPY: 504 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 SPY 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 SCHD | in SPY |
|---|---|---|---|
| Cisco Systems Inc | CSCO | 3.58% | 0.72% |
| AbbVie Inc | ABBV | 3.53% | 0.68% |
| Home Depot Inc/The | HD | 3.72% | 0.52% |
| Chevron Corp | CVX | 4.31% | 0.5% |
| Coca-Cola Co/The | KO | 4.03% | 0.49% |
| Merck & Co Inc | MRK | 4.24% | 0.48% |
| Texas Instruments Inc | TXN | 4.06% | 0.43% |
| Amgen Inc | AMGN | 3.93% | 0.3% |
| PepsiCo Inc | PEP | 4.01% | 0.29% |
| Verizon Communications Inc | VZ | 4.31% | 0.27% |
FAQ
How much do SCHD and SPY overlap?
SCHD and SPY have a 6.9% overlap by weight, sharing 40 holdings (out of 97 in SCHD and 504 in SPY), based on official issuer holdings as of 2026-02-28.
What does 6.9% overlap mean?
SCHD and SPY hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and SPY both hold?
The largest shared positions are Cisco Systems Inc, AbbVie Inc, Home Depot Inc/The, Chevron Corp, Coca-Cola Co/The. The full list of top shared holdings with weights in each fund is shown on this page.