etf overlap tool · little overlap

SPY vs SCHD overlap

95% of SCHD's money sits in companies SPY also holds; 8.1% of the two funds is the same money, spread over 45 companies both hold.

Holdings as of October 13, 2026 · source: SPDR (SPY), Schwab (SCHD) · How we measured all 1,431 pairs

overlapfull holdings, by weight

8.1%of each fund is money the other holds at the same weight, across 45 shared companies.

SPY

8%92%

8.1% in SCHD

SCHD

95% in SPY

same money
same companies, extra weight
only in this fund

Hold SPY and SCHD with other funds or stocks? The free portfolio optimizer opens SPY and SCHD beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.

01Shared

The companies you would own twice

held by bothtop 15 of 45

companySPYSCHD

CVXCHEVRON CORP0.67%4.29%

PGPROCTER + GAMBLE CO/THE0.56%4.32%

KOCOCA COLA CO/THE0.55%4.26%

UNHUNITEDHEALTH GROUP INC0.55%3.94%

MRKMERCK + CO. INC.0.55%3.90%

HDHOME DEPOT INC0.47%3.85%

TXNTEXAS INSTRUMENTS INC0.38%4.71%

AMGNAMGEN INC0.35%3.89%

VZVERIZON COMMUNICATIONS INC0.28%3.61%

QCOMQUALCOMM INC0.28%4.34%

ABTABBOTT LABORATORIES0.27%3.87%

PEPPEPSICO INC0.27%3.78%

COCOPCONOCOPHILLIPS0.27%4.27%

ACNACCENTURE PLC CL A0.21%3.30%

MOMOALTRIA GROUP INC0.19%3.02%

02Different

What only one of them gives you

only in SPY459 names

NVDANVIDIA CORP7.85%

AAPLAPPLE INC7.59%

MSFTMICROSOFT CORP5.95%

AMZNAMAZON.COM INC3.72%

GOOGLALPHABET INC CL A3.03%

GOOGALPHABET INC CL C2.43%

METAMETA PLATFORMS INC CLASS A2.37%

AVGOBROADCOM INC2.37%

only in SCHD55 names

DIDINOHF SINCLAIR0.50%

EWEWBCEAST WEST BANCORP0.43%

WSWSOWATSCO0.26%

AFAFGAMERICAN FINANCIAL GROUP0.25%

FNFNFFIDELITY NATIONAL FINANCIAL INC0.25%

BABAHBOOZ ALLEN HAMILTON HOLDING CLASS0.22%

ORORIOLD REPUBLIC INTERNATIONAL0.21%

COCOLBCOLUMBIA BANKING SYSTEM INC0.20%

03Sectors

Where each fund puts its money

sectorsSPY vs SCHD, share of each fund

Information Technology37.79%12.35%

Health Care9.69%18.52%

Consumer Staples4.84%20.12%

Financials11.83%8.88%

Energy3.77%16.35%

Industrials8.08%11.33%

Consumer Discretionary8.79%6.73%

Communication Services9.70%5.60%

Utilities2.01%0.09%

Real Estate1.74%0.00%

Materials1.65%0.00%

04Questions

SPY and SCHD: what people ask

questions4 answered

How much do SPY and SCHD overlap?

8.1% by weight, as of October 13, 2026: little overlap. 45 companies appear in both funds; they make up 8.1% of SPY and 95% of SCHD.

Which stocks do SPY and SCHD both hold?

The largest shared positions are CVX, PG, KO, UNH and MRK. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both SPY and SCHD?

Out of every $100 split evenly between them, about $8 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 459 names only in SPY, 55 only in SCHD. Half in each behaves like 69 equally weighted stocks, against 44 for SPY alone and 34 for SCHD alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

How is ETF overlap calculated here?

For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files SPDR and Schwab publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.

Hold SPY and SCHD?Import your positions and see what your funds hold together, company by company, with the fees you pay on each.Import my portfolio

Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.