SCHD vs XLV: how much do they overlap?
Schwab U.S. Dividend Equity ETF (SCHD) · Health Care Select Sector SPDR ETF (XLV)
overlap by weight · 4 shared holdings
SCHD: 97 holdings (as of 2026-02-28) · XLV: 61 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 XLV 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 XLV |
|---|---|---|---|
| Merck & Co Inc | MRK | 4.24% | 5.27% |
| AbbVie Inc | ABBV | 3.53% | 7.53% |
| Amgen Inc | AMGN | 3.93% | 3.35% |
| Bristol-Myers Squibb Co | BMY | 4.28% | 2.02% |
FAQ
How much do SCHD and XLV overlap?
SCHD and XLV have a 13.1% overlap by weight, sharing 4 holdings (out of 97 in SCHD and 61 in XLV), based on official issuer holdings as of 2026-02-28.
What does 13.1% overlap mean?
SCHD and XLV hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SCHD and XLV both hold?
The largest shared positions are Merck & Co Inc, AbbVie Inc, Amgen Inc, Bristol-Myers Squibb Co. The full list of top shared holdings with weights in each fund is shown on this page.