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ETF comparison

SCHD vs SPHD

Both Dividend.

Schwab U.S. Dividend Equity ETF · Invesco S&P 500 High Dividend Low Volatility ETF

Holdings overlap

Weighted by ISIN/CUSIP
20.2 %

14 positions appear in both funds. Buying equal dollars of SCHD and SPHD would leave roughly 20.2% of each dollar exposed to the same underlying securities.

SCHD unmatched 79.6% Shared 20.2% SPHD unmatched 79.5%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SCHD only
85 positions
Shared
14 positions
In SPHD only
36 positions

Side by side

SCHD

Schwab U.S. Dividend Equity ETF

Schwab · Dividend

85 composite / 100
Expense ratio
0.060%
Net assets
$107.89B
TTM yield
2.99%
Top-10 conc.
43.6%
SPHD

Invesco S&P 500 High Dividend Low Volatility ETF

Invesco · Dividend

73 composite / 100
Expense ratio
0.30%
Net assets
$3.17B
TTM yield
4.83%
Top-10 conc.
29.1%

Sub-score comparison

94
Cost
70
75
Tax efficiency
71
100
Liquidity
78
52
Concentration
73
—
Tracking quality
—
SCHD sub-score SPHD

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCHD is 24 bps cheaper than SPHD. On a $100,000 position that's about $240/yr more in fees for SPHD.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SCHD vs SPHD.

Top shared holdings

14 shared in total
# Holding In SCHD In SPHD Overlap
1 Verizon Communications Inc 3.65% 3.47% 3.47%
2 Altria Group Inc 2.94% 3.43% 2.94%
3 Chevron Corp 3.83% 2.09% 2.09%
4 Bristol-Myers Squibb Co 2.93% 2.06% 2.06%
5 EOG Resources Inc 1.82% 1.98% 1.82%
6 Comcast Corp 2.25% 1.60% 1.60%
7 ONEOK Inc 1.33% 2.64% 1.33%
8 Fifth Third Bancorp 1.13% 1.32% 1.13%
9 Kimberly-Clark Corp 0.81% 2.08% 0.81%
10 Paychex Inc 0.79% 1.45% 0.79%
11 Regions Financial Corp 0.61% 1.58% 0.61%
12 T Rowe Price Group Inc 0.57% 2.08% 0.57%

Only in SCHD

85 total
  • QUALCOMM Inc 6.74%
  • Texas Instruments Inc 5.90%
  • UnitedHealth Group Inc 5.09%
  • Coca-Cola Co/The 3.96%
  • Merck & Co Inc 3.86%
  • Procter & Gamble Co/The 3.55%
  • ConocoPhillips 3.51%
  • Amgen Inc 3.47%
  • PepsiCo Inc 3.44%
  • Home Depot Inc/The 3.36%

Only in SPHD

36 total
  • Healthpeak Properties, Inc. 3.22%
  • Kraft Heinz Co. (The) 3.01%
  • Pfizer Inc. 2.98%
  • Franklin Resources, Inc. 2.80%
  • VICI Properties Inc. 2.66%
  • Kimco Realty Corp. 2.44%
  • Realty Income Corp. 2.42%
  • Amcor PLC 2.40%
  • Crown Castle Inc. 2.39%
  • Conagra Brands, Inc. 2.31%

Percentages are holdings overlap with the named fund.

Open SCHD or SPHD at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.