SCHD vs XLP ETF holdings comparison
Schwab U.S. Dividend Equity ETF (SCHD) · Consumer Staples Select Sector SPDR ETF (XLP)
SCHD and XLP overlap by 18.3% by portfolio weight. The remaining 81.7 percentage points are not counted as shared holdings weight by this calculation. They share 9 stocks; the largest shared position is Coca-Cola Co/The (KO), contributing 3.96% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SCHD and XLP share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in SCHD | in XLP |
|---|---|---|---|
| Coca-Cola Co/The | KO | 3.96% | 7.44% |
| Procter & Gamble Co/The | PG | 3.55% | 7.10% |
| PepsiCo Inc | PEP | 3.44% | 4.38% |
| Altria Group Inc | MO | 2.94% | 4.14% |
| Target Corp | TGT | 1.45% | 4.65% |
| Archer-Daniels-Midland Co | ADM | 0.96% | 2.39% |
| Kimberly-Clark Corp | KMB | 0.81% | 2.31% |
| Hershey Co/The | HSY | 0.72% | 1.74% |
| General Mills Inc | GIS | 0.45% | 1.33% |
Holdings only in SCHD or XLP
SCHD has 90 fund-only positions representing approximately 81.5 percentage points of reported exposure; XLP has 26 fund-only positions representing approximately 64.2 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in SCHD
| Company | Ticker | Weight |
|---|---|---|
| QUALCOMM Inc | QCOM | 6.74% |
| Texas Instruments Inc | TXN | 5.90% |
| UnitedHealth Group Inc | UNH | 5.09% |
| Merck & Co Inc | MRK | 3.86% |
| Chevron Corp | CVX | 3.83% |
| Verizon Communications Inc | VZ | 3.65% |
| ConocoPhillips | COP | 3.51% |
| Amgen Inc | AMGN | 3.47% |
| Home Depot Inc/The | HD | 3.36% |
| Abbott Laboratories | ABT | 2.96% |
Largest positions only in XLP
| Company | Ticker | Weight |
|---|---|---|
| Walmart Inc | WMT | 9.69% |
| Costco Wholesale Corp | COST | 8.93% |
| Philip Morris International | PM | 6.34% |
| Colgate Palmolive Co | CL | 4.51% |
| Mondelez International Inc A | MDLZ | 4.36% |
| Monster Beverage Corp | MNST | 4.35% |
| Keurig Dr Pepper Inc | KDP | 2.71% |
| Sysco Corp | SYY | 2.50% |
| Kenvue Inc | KVUE | 2.32% |
| Kroger Co | KR | 2.07% |
FAQ
How much do SCHD and XLP overlap?
SCHD and XLP have 18.3% overlap by weight, sharing 9 equity positions (out of 99 in SCHD and 35 in XLP). The official holdings files used are dated 2026-05-31 for SCHD and 2026-08-25 for XLP.
What does 18.3% overlap mean?
SCHD and XLP share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do SCHD and XLP both hold?
The largest shared positions are Coca-Cola Co/The, Procter & Gamble Co/The, PepsiCo Inc, Altria Group Inc, Target Corp. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SCHD and XLP?
SCHD has 90 positions not found in XLP, while XLP has 26 positions not found in SCHD. The largest fund-only positions and their weights are shown on this page.