SCHD vs SPYD: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · SPDR Portfolio S&P 500 High Dividend ETF (SPYD)
overlap by weight · 20 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · SPYD: 79 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 SPYD 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 SPYD |
|---|---|---|---|
| Target Corp | TGT | 1.86% | 1.49% |
| EOG Resources Inc | EOG | 2.42% | 1.47% |
| ONEOK Inc | OKE | 1.87% | 1.41% |
| Altria Group Inc | MO | 4.14% | 1.4% |
| Kimberly-Clark Corp | KMB | 1.33% | 1.31% |
| Bristol-Myers Squibb Co | BMY | 4.28% | 1.27% |
| Verizon Communications Inc | VZ | 4.31% | 1.26% |
| Chevron Corp | CVX | 4.31% | 1.24% |
| United Parcel Service Inc | UPS | 3.08% | 1.22% |
| Archer-Daniels-Midland Co | ADM | 1.19% | 1.39% |
FAQ
How much do SCHD and SPYD overlap?
SCHD and SPYD have a 20.9% overlap by weight, sharing 20 holdings (out of 97 in SCHD and 79 in SPYD), based on official issuer holdings as of 2026-02-28.
What does 20.9% overlap mean?
SCHD and SPYD hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and SPYD both hold?
The largest shared positions are Target Corp, EOG Resources Inc, ONEOK Inc, Altria Group Inc, Kimberly-Clark Corp. The full list of top shared holdings with weights in each fund is shown on this page.