Guardfolio Research · ETF Overlap
SCHD vs VTV Overlap: 17.8% of Weight in Shared Holdings
SCHD (Schwab US Dividend Equity) and VTV (Vanguard Value) overlap by 17.8% of normalized weight through 40 shared securities, led by UNH, CVX, PG, HD, MRK. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
SCHD and VTV have moderate overlap: about 17.8% of normalized fund weight across 40 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure..
The Data
Exactly which securities SCHD and VTV share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | SCHD 2026-08-25; VTV 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | SCHD weight | VTV weight | Shared (min) |
|---|---|---|---|
| UNITEDHEALTH GROUP INC (UNH) | 3.81% | 1.40% | 1.40% |
| CHEVRON (CVX) | 3.98% | 1.39% | 1.39% |
| PROCTER & GAMBLE (PG) | 3.80% | 1.25% | 1.25% |
| HOME DEPOT (HD) | 3.94% | 1.23% | 1.23% |
| MERCK & CO INC (MRK) | 4.89% | 1.20% | 1.20% |
| COCA-COLA (KO) | 4.25% | 1.12% | 1.12% |
| AMGEN INC (AMGN) | 4.78% | 0.77% | 0.77% |
| PEPSICO (PEP) | 3.70% | 0.71% | 0.71% |
| ABBOTT LABORATORIES (ABT) | 4.92% | 0.69% | 0.69% |
| VERIZON COMMUNICATIONS INC (VZ) | 3.90% | 0.66% | 0.66% |
| QUALCOMM (QCOM) | 2.37% | 0.58% | 0.58% |
| CONOCOPHILLIPS (COP) | 3.98% | 0.55% | 0.55% |
| LOCKHEED MARTIN CORP (LMT) | 2.77% | 0.50% | 0.50% |
| BRISTOL MYERS SQUIBB (BMY) | 3.32% | 0.50% | 0.50% |
| TEXAS INSTRUMENT INC (TXN) | 3.15% | 0.47% | 0.47% |
| ALTRIA GROUP INC (MO) | 2.67% | 0.43% | 0.43% |
| AUTOMATIC DATA PROCESSING INC (ADP) | 2.72% | 0.40% | 0.40% |
| ACCENTURE PLC CLASS A (ACN) | 2.76% | 0.38% | 0.38% |
| COMCAST CLASS A (CMCSA) | 2.32% | 0.32% | 0.32% |
| EOG RESOURCES (EOG) | 1.98% | 0.29% | 0.29% |
| Total full-holdings overlap | 91.5% | 17.8% | 17.8% |
Showing the 20 largest contributors of 40 shared securities. The total uses every shared security.
The 17.8% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. SCHD is dated 2026-08-25 with 99.982% retained coverage; VTV is dated 2026-08-24 with 99.778% retained coverage.
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Sector Picture
SCHD vs VTV: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (72.0% combined sector overlap).
| Sector | SCHD | VTV |
|---|---|---|
| Healthcare | 15.9% | 14.5% |
| Industrials | 11.7% | 13.7% |
| Consumer Staples | 19.4% | 10.2% |
| Financial Services | 9.2% | 21.7% |
| Technology | 8.5% | 9.1% |
| Energy | 19.1% | 6.9% |
The Verdict
Should you hold both SCHD and VTV?
SCHD and VTV have moderate overlap: about 17.8% of normalized fund weight across 40 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
FAQ
SCHD vs VTV overlap: common questions
How much do SCHD and VTV overlap?
SCHD (Schwab US Dividend Equity) and VTV (Vanguard Value) overlap by approximately 17.8% of normalized weight across their licensed full holdings. They share 40 securities; the largest contributors include UNH, CVX, PG, HD, MRK, KO, AMGN, PEP. The separately dated sector reference shows 72.0% overlap.
What stocks do SCHD and VTV both hold?
Both SCHD and VTV hold UNITEDHEALTH GROUP INC (UNH), CHEVRON (CVX), PROCTER & GAMBLE (PG), HOME DEPOT (HD), MERCK & CO INC (MRK), COCA-COLA (KO), AMGEN INC (AMGN), PEPSICO (PEP) among their top positions. These shared names account for the 17.8% weight overlap.
Is it worth holding both SCHD and VTV?
SCHD and VTV have moderate overlap: about 17.8% of normalized fund weight across 40 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
What is the difference between SCHD and VTV?
SCHD is a dividend fund (US Dividend, 0.06% expense ratio) and VTV is a large-cap value fund (US Large-Cap Value, 0.04% expense ratio). The dataset includes 100 SCHD holdings as of 2026-08-25 and 309 VTV holdings as of 2026-08-24.
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