SCHD vs XLP: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · Consumer Staples Select Sector SPDR ETF (XLP)
overlap by weight · 8 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · XLP: 34 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 XLP 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 XLP |
|---|---|---|---|
| Altria Group Inc | MO | 4.14% | 4.51% |
| Coca-Cola Co/The | KO | 4.03% | 6.95% |
| PepsiCo Inc | PEP | 4.01% | 4.4% |
| Target Corp | TGT | 1.86% | 3.89% |
| Kimberly-Clark Corp | KMB | 1.33% | 2.37% |
| Hershey Co/The | HSY | 1.26% | 1.65% |
| Archer-Daniels-Midland Co | ADM | 1.19% | 2.47% |
| General Mills Inc | GIS | 0.87% | 1.22% |
FAQ
How much do SCHD and XLP overlap?
SCHD and XLP have a 18.7% overlap by weight, sharing 8 holdings (out of 97 in SCHD and 34 in XLP), based on official issuer holdings as of 2026-02-28.
What does 18.7% overlap mean?
SCHD and XLP hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and XLP both hold?
The largest shared positions are Altria Group Inc, Coca-Cola Co/The, PepsiCo Inc, Target Corp, Kimberly-Clark Corp. The full list of top shared holdings with weights in each fund is shown on this page.