SCHD vs XLI: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · Industrial Select Sector SPDR ETF (XLI)
overlap by weight · 5 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · XLI: 82 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 XLI 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 XLI |
|---|---|---|---|
| Lockheed Martin Corp | LMT | 4.82% | 1.87% |
| United Parcel Service Inc | UPS | 3.08% | 1.47% |
| Fastenal Co | FAST | 1.9% | 0.94% |
| Paychex Inc | PAYX | 1.09% | 0.61% |
| Snap-on Inc | SNA | 0.72% | 0.37% |
FAQ
How much do SCHD and XLI overlap?
SCHD and XLI have a 5.3% overlap by weight, sharing 5 holdings (out of 97 in SCHD and 82 in XLI), based on official issuer holdings as of 2026-02-28.
What does 5.3% overlap mean?
SCHD and XLI hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and XLI both hold?
The largest shared positions are Lockheed Martin Corp, United Parcel Service Inc, Fastenal Co, Paychex Inc, Snap-on Inc. The full list of top shared holdings with weights in each fund is shown on this page.