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 8.2% 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 | 4.01% | 0.65% | 0.65% |
| 2 | Procter & Gamble Co/The | 3.82% | 0.59% | 0.59% |
| 3 | Coca-Cola Co/The | 4.16% | 0.56% | 0.56% |
| 4 | Merck & Co Inc | 4.76% | 0.56% | 0.56% |
| 5 | UnitedHealth Group Inc | 3.82% | 0.55% | 0.55% |
| 6 | Home Depot Inc/The | 3.87% | 0.53% | 0.53% |
| 7 | Texas Instruments Inc | 3.12% | 0.43% | 0.43% |
| 8 | Amgen Inc | 4.70% | 0.39% | 0.39% |
| 9 | Abbott Laboratories | 4.68% | 0.30% | 0.30% |
| 10 | PepsiCo Inc | 3.64% | 0.29% | 0.29% |
| 11 | Verizon Communications Inc | 3.96% | 0.29% | 0.29% |
| 12 | QUALCOMM Inc | 2.52% | 0.28% | 0.28% |
Only in SCHD
55 total- Accenture PLC 2.84%
- ONEOK Inc 1.47%
- East West Bancorp Inc 0.42%
- HF Sinclair Corp 0.38%
- Fidelity National Financial Inc 0.29%
- Watsco Inc 0.26%
- American Financial Group Inc/OH 0.24%
- Old Republic International Corp 0.23%
- Booz Allen Hamilton Holding Corp 0.22%
- Columbia Banking System Inc 0.21%
Only in SPY
460 total- APPLE INC 7.69%
- NVIDIA CORP 7.30%
- MICROSOFT CORP 6.22%
- AMAZON.COM INC 3.94%
- ALPHABET INC CL A 2.56%
- BROADCOM INC 2.33%
- META PLATFORMS INC CLASS A 2.09%
- ALPHABET INC CL C 2.06%
- ELI LILLY + CO 1.71%
- TESLA INC 1.64%
Related comparisons
More comparisons with SCHD
- SCHD vs MGC · Vanguard Morningstar Mega Cap ETF 8.1%
- SCHD vs DFAU · Dimensional US Core Equity Market ETF 7.9%
- SCHD vs BBUS · JPMorgan BetaBuilders U.S. Equity ETF 7.9%
- SCHD vs SCHX · Schwab U.S. Large-Cap ETF 7.8%
- SCHD vs VONE · Vanguard Russell 1000 Index Fund ETF Shares 7.7%
- SCHD vs ESGU · iShares ESG Aware MSCI USA ETF 7.7%
More comparisons with SPY
- SPY vs COWZ · Pacer US Cash Cows 100 ETF 7.9%
- SPY vs VOT · Vanguard Morningstar Mid-Cap Growth ETF 6.4%
- SPY vs SPHD · Invesco S&P 500 High Dividend Low Volatility ETF 5.7%
- SPY vs SPYD · State Street SPDR Portfolio S&P 500 High Dividend ETF 5.7%
- SPY vs FDL · First Trust Morningstar Dividend Leaders Index Fund 5.1%
- SPY vs VFLO · Victoryshares Free Cash Flow ETF 4.5%
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.