SCHD vs XLE: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · Energy Select Sector SPDR ETF (XLE)
overlap by weight · 8 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · XLE: 21 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 XLE 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 XLE |
|---|---|---|---|
| ConocoPhillips | COP | 4.32% | 5.92% |
| Chevron Corp | CVX | 4.31% | 14.67% |
| SLB Ltd | SLB | 2.76% | 4.47% |
| EOG Resources Inc | EOG | 2.42% | 4.44% |
| Valero Energy Corp | VLO | 2.24% | 4.64% |
| ONEOK Inc | OKE | 1.87% | 3.8% |
| Halliburton Co | HAL | 1.09% | 1.92% |
| APA Corp | APA | 0.39% | 0.79% |
FAQ
How much do SCHD and XLE overlap?
SCHD and XLE have a 19.4% overlap by weight, sharing 8 holdings (out of 97 in SCHD and 21 in XLE), based on official issuer holdings as of 2026-02-28.
What does 19.4% overlap mean?
SCHD and XLE hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and XLE both hold?
The largest shared positions are ConocoPhillips, Chevron Corp, SLB Ltd, EOG Resources Inc, Valero Energy Corp. The full list of top shared holdings with weights in each fund is shown on this page.