SCHD vs XLP overlap - what they share and where they differ
SCHD and XLP share 18.3% of their weight across 9 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.
SCHD and XLP
18.3%
9 shared positions
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
XLP
State Street(R) Consumer Staples Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 34 positions · Jun 30, 2026
Top 10: 62.4%·Holdings of XLP
Reported positions cover SCHD 100%, XLP 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLP vs SCHD side by side
SCHDSchwab U.S. Dividend Equity ETF
99
stock positions reported to the SEC
81.5% of its weight is in 90 names XLP does not hold
XLPState Street(R) Consumer Staples Select Sector SPDR(R) ETF
34
stock positions reported to the SEC
65.0% of its weight is in 25 names SCHD does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Consumer Defensive: XLP has 57.1 points more of it.
The figures side by side
| SCHD | XLP | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 99 | 34 |
| Weight of the ten largest | 43.6% | 62.4% |
| Largest position | QCOM 6.7% | WMT 10.8% |
| Held alone | 90 positions, 81.5% | 25 positions, 65.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In SCHD | In XLP | Counted |
|---|---|---|---|
| KOCoca-Cola Co/The | 3.96% | 6.85% | 3.96% |
| PGProcter & Gamble Co/The | 3.55% | 7.43% | 3.55% |
| PEPPepsiCo Inc | 3.44% | 4.32% | 3.44% |
| MOAltria Group Inc | 2.94% | 4.53% | 2.94% |
| TGTTarget Corp | 1.45% | 3.85% | 1.45% |
| ADMArcher-Daniels-Midland Co | 0.96% | 2.39% | 0.96% |
| KMBKimberly-Clark Corp | 0.81% | 2.36% | 0.81% |
| HSYHershey Co/The | 0.72% | 1.69% | 0.72% |
| GISGeneral Mills Inc | 0.45% | 1.21% | 0.45% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SCHD
Only in XLP
Questions people ask
Is SCHD the same as XLP?
18.3% of their weight sits in the same 9 holdings. SCHD also reports QCOM, TXN, UNH, which the other does not. XLP also reports WMT, COST, PM, which the other does not.
How is the overlap between SCHD and XLP 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 SCHD and 100% of XLP, so the number cannot exceed the smaller coverage.
Which holds more, XLP or SCHD?
SCHD reports 99 stock positions and XLP reports 34. 81.5% of SCHD's weight sits in names XLP does not hold, and 65.0% of XLP's weight in names SCHD does not hold. The ten largest positions are 43.6% of SCHD and 62.4% of XLP.
How do SCHD and XLP differ by sector?
The widest gap is Consumer Defensive: XLP has 57.1 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.
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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.