SCHD vs VOO: ETF overlap
Holdings as of May 31, 2026 · issuer data + SEC N-PORT filings
These two funds publish on different dates: SCHD as of May 31, 2026, VOO as of June 30, 2026. The overlap figure is stated as of the older of the two, May 31, 2026 — holdings may have changed in the fund with the fresher date since then.
Overlap by weight: for each stock both funds hold, take the smaller of its two weights, then add those up. 8% means about 8 cents of every dollar in one fund is invested in the same companies, at the same size, as the other. The overlap level is PortLens's banding of that figure, not an industry standard. What is ETF overlap?
SCHD and VOO hold 46 of the same stocks, overlapping by 7.6% of portfolio weight — these funds hold largely distinct baskets, so pairing them genuinely spreads your exposure rather than duplicating it. The largest shared position is UnitedHealth Group Inc (UNH), at 5.1% of SCHD and 0.6% of VOO.
Top shared holdings
| Company | Ticker | % of SCHD | % of VOO |
|---|---|---|---|
| UnitedHealth Group Inc | UNH | 5.09% | 0.59% |
| Home Depot Inc/The | HD | 3.36% | 0.54% |
| Procter & Gamble Co/The | PG | 3.55% | 0.53% |
| Coca-Cola Co/The | KO | 3.96% | 0.49% |
| Merck & Co Inc | MRK | 3.86% | 0.49% |
| Chevron Corp | CVX | 3.83% | 0.48% |
| Texas Instruments Inc | TXN | 5.90% | 0.42% |
| QUALCOMM Inc | QCOM | 6.74% | 0.30% |
| Amgen Inc | AMGN | 3.47% | 0.30% |
| PepsiCo Inc | PEP | 3.44% | 0.29% |
Fund facts
| SCHD | VOO | |
|---|---|---|
| Fund | Schwab U.S. Dividend Equity ETF | Vanguard S&P 500 ETF |
| Style | Blend | Growth |
| Assets | — | — |
| Beta | 0.27 | 0.99 |
| Top sectors | — | Technology 53%, Communication Services 15%, Consumer Cyclical 12% |
Overlap is the sum, over every stock held by both funds, of the smaller of its two portfolio weights — computed from 99 listed constituents of SCHD (covering 100% of the fund) and 501 of VOO (covering 99%). Source: issuer data + SEC N-PORT filings. How this is computed: methodology. Informational only, not investment advice — see disclosures.
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