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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
22.3 %

14 positions appear in both funds. Buying equal dollars of SCHD and SPHD would leave roughly 22.3% of each dollar exposed to the same underlying securities.

SCHD unmatched 77.5% Shared 22.3% SPHD unmatched 77.5%

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
37 positions

Side by side

SCHD

Schwab U.S. Dividend Equity ETF

Schwab · Dividend

86 composite / 100
Expense ratio
0.060%
Net assets
$121.09B
TTM yield
2.94%
Top-10 conc.
41.7%
SPHD

Invesco S&P 500 High Dividend Low Volatility ETF

Invesco · Dividend

73 composite / 100
Expense ratio
0.30%
Net assets
$3.42B
TTM yield
4.71%
Top-10 conc.
28.6%

Sub-score comparison

94
Cost
70
75
Tax efficiency
71
100
Liquidity
80
55
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 3.96% 3.32% 3.32%
2 Altria Group Inc 2.78% 2.49% 2.49%
3 Comcast Corp 2.31% 2.71% 2.31%
4 Bristol-Myers Squibb Co 3.32% 2.13% 2.13%
5 Chevron Corp 4.01% 2.00% 2.00%
6 PepsiCo Inc 3.64% 1.95% 1.95%
7 ConocoPhillips 3.93% 1.58% 1.58%
8 ONEOK Inc 1.47% 2.25% 1.47%
9 EOG Resources Inc 1.88% 1.41% 1.41%
10 Paychex Inc 1.00% 2.31% 1.00%
11 Kimberly-Clark Corp 0.87% 2.04% 0.87%
12 Regions Financial Corp 0.62% 1.51% 0.62%

Only in SCHD

85 total
  • Merck & Co Inc 4.76%
  • Amgen Inc 4.70%
  • Abbott Laboratories 4.68%
  • Coca-Cola Co/The 4.16%
  • Home Depot Inc/The 3.87%
  • Procter & Gamble Co/The 3.82%
  • UnitedHealth Group Inc 3.82%
  • Texas Instruments Inc 3.12%
  • Accenture PLC 2.84%
  • Automatic Data Processing Inc 2.78%

Only in SPHD

37 total
  • Pfizer Inc. 3.41%
  • Kraft Heinz Co. (The) 2.94%
  • VICI Properties Inc. 2.87%
  • AT&T Inc. 2.68%
  • Crown Castle Inc. 2.45%
  • Healthpeak Properties, Inc. 2.38%
  • Clorox Co. (The) 2.36%
  • Prudential Financial, Inc. 2.24%
  • Realty Income Corp. 2.19%
  • Molson Coors Beverage Co. 2.10%

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.