ETF comparison
SCHD vs SPY
Dividend vs US Large Cap.
Schwab U.S. Dividend Equity ETF · State Street SPDR S&P 500 ETF Trust
Holdings overlap
44 positions appear in both funds. Buying equal dollars of SCHD and SPY would leave roughly 7.3% of each dollar exposed to the same underlying securities.
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.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SCHD is 3 bps cheaper than SPY. On a $100,000 position that's about $34/yr more in fees for SPY.
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 SPY.
Top shared holdings
44 shared in total| # | Holding | In SCHD | In SPY | Overlap |
|---|---|---|---|---|
| 1 | Chevron Corp | 3.83% | 0.61% | 0.61% |
| 2 | Merck & Co Inc | 3.86% | 0.53% | 0.53% |
| 3 | Procter & Gamble Co/The | 3.55% | 0.51% | 0.51% |
| 4 | UnitedHealth Group Inc | 5.09% | 0.50% | 0.50% |
| 5 | Coca-Cola Co/The | 3.96% | 0.50% | 0.50% |
| 6 | Home Depot Inc/The | 3.36% | 0.42% | 0.42% |
| 7 | Texas Instruments Inc | 5.90% | 0.40% | 0.40% |
| 8 | Amgen Inc | 3.47% | 0.33% | 0.33% |
| 9 | QUALCOMM Inc | 6.74% | 0.30% | 0.30% |
| 10 | Verizon Communications Inc | 3.65% | 0.29% | 0.29% |
| 11 | PepsiCo Inc | 3.44% | 0.26% | 0.26% |
| 12 | Abbott Laboratories | 2.96% | 0.25% | 0.25% |
Only in SCHD
55 total- Accenture PLC 2.90%
- ONEOK Inc 1.33%
- East West Bancorp Inc 0.42%
- Watsco Inc 0.32%
- Fidelity National Financial Inc 0.30%
- HF Sinclair Corp 0.28%
- Booz Allen Hamilton Holding Corp 0.24%
- American Financial Group Inc/OH 0.23%
- Columbia Banking System Inc 0.22%
- Autoliv Inc 0.22%
Only in SPY
461 total- NVIDIA CORP 8.50%
- APPLE INC 7.32%
- MICROSOFT CORP 5.77%
- AMAZON.COM INC 3.71%
- ALPHABET INC CL A 3.03%
- BROADCOM INC 2.54%
- ALPHABET INC CL C 2.43%
- META PLATFORMS INC CLASS A 2.41%
- MICRON TECHNOLOGY INC 1.82%
- TESLA INC 1.57%
Related comparisons
More comparisons with SCHD
More comparisons with SPY
- SPY vs COWZ · Pacer US Cash Cows 100 ETF 7.2%
- SPY vs VOT · Vanguard Morningstar Mid-Cap Growth ETF 6.5%
- SPY vs SPYD · State Street SPDR Portfolio S&P 500 High Dividend ETF 5.2%
- SPY vs FDL · First Trust Morningstar Dividend Leaders Index Fund 4.6%
- SPY vs VFLO · Victoryshares Free Cash Flow ETF 4.4%
- SPY vs IWP · iShares Russell Mid-Cap Growth ETF 4.4%
Percentages are holdings overlap with the named fund.
Open SCHD or SPY 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.