SCHD vs VO: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · Vanguard Mid-Cap ETF (VO)
overlap by weight · 21 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · VO: 289 holdings (as of 2026-03-31)
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 VO 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 VO |
|---|---|---|---|
| SLB Ltd | SLB | 2.76% | 0.84% |
| Valero Energy Corp | VLO | 2.24% | 0.8% |
| ONEOK Inc | OKE | 1.87% | 0.62% |
| Target Corp | TGT | 1.86% | 0.6% |
| Fastenal Co | FAST | 1.9% | 0.58% |
| Ford Motor Co | F | 1.98% | 0.49% |
| Fifth Third Bancorp | FITB | 1.18% | 0.46% |
| Archer-Daniels-Midland Co | ADM | 1.19% | 0.38% |
| Kimberly-Clark Corp | KMB | 1.33% | 0.35% |
| Hershey Co/The | HSY | 1.26% | 0.34% |
FAQ
How much do SCHD and VO overlap?
SCHD and VO have a 8.1% overlap by weight, sharing 21 holdings (out of 97 in SCHD and 289 in VO), based on official issuer holdings as of 2026-02-28.
What does 8.1% overlap mean?
SCHD and VO hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and VO both hold?
The largest shared positions are SLB Ltd, Valero Energy Corp, ONEOK Inc, Target Corp, Fastenal Co. The full list of top shared holdings with weights in each fund is shown on this page.