Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs SPY
Schwab U.S. Dividend Equity ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, SCHD and SPY hold 8% of their money in the same securities at the same weight.
| Holding | SCHD | SPY |
|---|---|---|
| UnitedHealth Group Inc | 5.10% | 0.59% |
| Home Depot Inc/The | 3.37% | 0.55% |
| Procter & Gamble Co/The | 3.55% | 0.53% |
| Merck & Co Inc | 3.87% | 0.49% |
| Coca-Cola Co/The | 3.96% | 0.49% |
| Chevron Corp | 3.84% | 0.48% |
| Texas Instruments Inc | 5.92% | 0.42% |
| Amgen Inc | 3.48% | 0.30% |
| QUALCOMM Inc | 6.75% | 0.30% |
| PepsiCo Inc | 3.45% | 0.29% |
| Verizon Communications Inc | 3.66% | 0.27% |
| Abbott Laboratories | 2.97% | 0.24% |
| Only in SCHD | Only in SPY |
|---|---|
| Accenture PLC 2.90% | NVIDIA Corp. 7.52% |
| East West Bancorp Inc 0.42% | Apple, Inc. 6.59% |
| Watsco Inc 0.32% | Microsoft Corp. 4.30% |
| Fidelity National Financial Inc 0.30% | Amazon.com, Inc. 3.62% |
| HF Sinclair Corp 0.28% | Alphabet, Inc. 3.25% |
| Booz Allen Hamilton Holding Corp 0.24% | Broadcom, Inc. 2.77% |
| American Financial Group Inc/OH 0.23% | Alphabet, Inc. 2.59% |
| Autoliv Inc 0.22% | Micron Technology, Inc. 2.02% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026 and May 31, 2026.
| SCHD Schwab U.S. Dividend Equity ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core fund | Core fund |
| Issuer | Schwab | State Street |
| What it is | US dividend | S&P 500, book from IVV |
| Total return, 1 year | +30.3% | +20.0% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | +10.3 pts | +0.0 pts |
| Expense ratio | 0.06% | not published |
| Already in the S&P 500 | 95.1% | 100.0% |
| Holdings | 99 | 504 |
SCHD in plain words
SCHD is a index equity fund tracking US dividend. Over the year to Sep 4, 2026 it returned +30.3% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 43.7%.
SPY in plain words
SPY is a index equity fund tracking S&P 500, book from IVV. Over the year to Sep 4, 2026 it returned +20.0% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, SCHD or SPY?
- In the year to Sep 4, 2026, with distributions reinvested, SCHD returned +30.3% and SPY returned +20.0%, so SCHD returned more. One year is one year; the longer windows are in the table.
- How much do SCHD and SPY overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHD and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 8% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCHD against SPY, data as of Sep 4, 2026. https://etfiq.com/compare/any/SCHD-SPY.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources