ETF and Mutual Fund Analysis

Holdings as of May 31, 2026 (SCHD) and August 12, 2026 (SPY)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > SCHD vs SPY Holdings as of May 31, 2026 (SCHD) and August 12, 2026 (SPY)

SCHD vs SPY: Portfolio Overlap

Schwab U.S. Dividend Equity ETF vs SPDR® S&P 500® ETF Trust

7.7%
Weighted portfolio overlap
Low Overlap

Low Overlap. The two portfolios have highly distinct allocations: little of the weight sits in the same stocks.

SCHD
99 equity holdings
as of May 31, 2026
SPY
505 equity holdings
as of August 12, 2026
45 stocks held in common
Overlap View Venn Diagram
7.7% OVERLAP SCHD SPY
Overlapping Holdings
10 Top 10 of 45 shared, by overlap contribution
# Stock SCHD SPY Overlap%
1
UNH
 5.10% 0.55% 0.55%
2
CVX
 3.84% 0.55% 0.55%
3
HD
 3.37% 0.51% 0.51%
4
KO
 3.96% 0.50% 0.50%
5
PG
 3.55% 0.50% 0.50%
6
MRK
 3.87% 0.49% 0.49%
7
TXN
 5.92% 0.38% 0.38%
8
AMGN
 3.48% 0.34% 0.34%
9
VZ
 3.66% 0.29% 0.29%
10
ABT
 2.97% 0.29% 0.29%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in SCHD — Schwab U.S. Dividend Equity ETF
StockWeight
Accenture PLC2.90%
EWBC0.43%
WSO0.32%
FNF0.30%
DINO0.28%
Only in SPY — SPDR® S&P 500® ETF Trust
StockWeight
NVDA8.14%
AAPL6.66%
MSFT5.49%
AMZN3.92%
GOOGL3.02%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between SCHD and SPY?

SCHD (Schwab U.S. Dividend Equity ETF) and SPY (SPDR® S&P 500® ETF Trust) share 7.7% portfolio overlap as of SCHD's May 31, 2026 filing and SPY's August 12, 2026 filing, across 45 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do SCHD and SPY invest in the same stocks?

Mostly not. Only a small portion of their portfolios overlaps — these funds hold largely different stocks and genuinely diversify each other.

What are the top stocks held by both SCHD and SPY?

The most prominent shared holdings (by combined weight) are: UNH, CVX, HD. See the full common-holdings table on this page for weights in each fund.

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