FDL vs SCHD overlap - what they share and where they differ
FDL and SCHD share 33.5% of their weight across 27 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
FDL and SCHD
33.5%
27 shared positions
FDL
First Trust Morningstar Dividend Leaders Index Fund
Reported positions cover 100% of the fund, 99 positions · Jun 30, 2026
Top 10: 48.1%·Holdings of FDL
SCHD
Schwab U.S. Dividend Equity ETF
Reported positions cover 100% of the fund, 99 positions · May 31, 2026
Top 10: 43.6%·Holdings of SCHD
Reported positions cover FDL 100%, SCHD 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SCHD vs FDL side by side
FDLFirst Trust Morningstar Dividend Leaders Index Fund
99
stock positions reported to the SEC
51.5% of its weight is in 72 names SCHD does not hold
SCHDSchwab U.S. Dividend Equity ETF
99
stock positions reported to the SEC
65.0% of its weight is in 72 names FDL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SCHD has 18.6 points more of it.
The figures side by side
| FDL | SCHD | |
|---|---|---|
| Filing date | Jun 30, 2026 | May 31, 2026 |
| Stock positions reported | 99 | 99 |
| Weight of the ten largest | 48.1% | 43.6% |
| Largest position | CVX 7.4% | QCOM 6.7% |
| Held alone | 72 positions, 51.5% | 72 positions, 65.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In FDL | In SCHD | Counted |
|---|---|---|---|
| CVXCHEVRON CORP | 7.43% | 3.83% | 3.83% |
| VZVERIZON COMMUNICATIONS INC | 7.17% | 3.65% | 3.65% |
| PEPPEPSICO INC | 4.84% | 3.44% | 3.44% |
| MOALTRIA GROUP INC | 4.64% | 2.94% | 2.94% |
| BMYBRISTOL-MYERS SQUIBB COMPANY | 3.43% | 2.93% | 2.93% |
| CMCSACOMCAST CORP | 3.13% | 2.25% | 2.25% |
| BXBLACKSTONE INC | 2.31% | 2.20% | 2.20% |
| UPSUNITED PARCEL SERVICE INC | 3.15% | 1.98% | 1.98% |
| ACNACCENTURE PLC | 1.84% | 2.90% | 1.84% |
| TGTTARGET CORP | 1.41% | 1.45% | 1.41% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FDL
Only in SCHD
Questions people ask
Is FDL the same as SCHD?
33.5% of their weight sits in the same 27 holdings. FDL also reports PM, PFE, SO, which the other does not. SCHD also reports QCOM, TXN, UNH, which the other does not.
How is the overlap between FDL and SCHD measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of FDL and 100% of SCHD, so the number cannot exceed the smaller coverage.
Which holds more, SCHD or FDL?
FDL reports 99 stock positions and SCHD reports 99. 51.5% of FDL's weight sits in names SCHD does not hold, and 65.0% of SCHD's weight in names FDL does not hold. The ten largest positions are 48.1% of FDL and 43.6% of SCHD.
How do FDL and SCHD differ by sector?
The widest gap is Technology: SCHD has 18.6 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.