Guardfolio Research · ETF Overlap
SCHD vs ITOT Overlap: 0.0% of Weight in Shared Holdings
SCHD (Schwab US Dividend Equity) and ITOT (iShares Core S&P Total US Stock Market) share none of their top-10 holdings. With 60.0% sector overlap, this is one of the more complementary pairs — holding both adds real breadth instead of doubling down on the same names.
Overlap Summary
Bottom line
SCHD and ITOT share no top-10 holdings (60.0% sector overlap). They are complementary exposures — a dividend fund paired with a total US market fund — and combining them genuinely broadens a portfolio rather than concentrating it..
The Data
Exactly which stocks SCHD and ITOT share
The table below shows every holding that appears in both funds' top 10, with each fund's weight and the shared (minimum) weight that counts toward overlap.
Weights are approximate, based on the most recent quarterly holdings. The 0.0% figure is the sum of the lesser of each fund's weight per shared holding (the conservative top-10 method).
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Sector Picture
SCHD vs ITOT: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (60.0% combined sector overlap).
| Sector | SCHD | ITOT |
|---|---|---|
| Industrials | 11.7% | 9.6% |
| Financial Services | 9.2% | 12.8% |
| Healthcare | 15.9% | 9.1% |
| Consumer Discretionary | 8.5% | 10.5% |
| Technology | 8.5% | 32.2% |
| Consumer Staples | 19.4% | 5.0% |
The Verdict
Should you hold both SCHD and ITOT?
SCHD and ITOT share no top-10 holdings (60.0% sector overlap). They are complementary exposures — a dividend fund paired with a total US market fund — and combining them genuinely broadens a portfolio rather than concentrating it.
FAQ
SCHD vs ITOT overlap: common questions
How much do SCHD and ITOT overlap?
SCHD (Schwab US Dividend Equity) and ITOT (iShares Core S&P Total US Stock Market) overlap by approximately 0.0% of weight based on their top-10 holdings, with 60.0% sector overlap. They share 0 top-10 holdings: no top-10 holdings.
What stocks do SCHD and ITOT both hold?
SCHD and ITOT share none of their top-10 holdings, which is why their overlap is effectively 0% at the top of each fund.
Is it worth holding both SCHD and ITOT?
SCHD and ITOT share no top-10 holdings (60.0% sector overlap). They are complementary exposures — a dividend fund paired with a total US market fund — and combining them genuinely broadens a portfolio rather than concentrating it.
What is the difference between SCHD and ITOT?
SCHD is a dividend fund (US Dividend, 0.06% expense ratio) and ITOT is a total US market fund (US Total Market, 0.03% expense ratio). SCHD's top 10 is 43.5% of the fund; ITOT's is 35.2%.
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