Guardfolio Research · ETF Overlap
SCHD vs VYM Overlap: 21.4% of Weight in Shared Holdings
SCHD (Schwab US Dividend Equity) and VYM (Vanguard High Dividend Yield) overlap by 21.4% of normalized weight through 78 shared securities, led by UNH, CVX, KO, PG, HD. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
SCHD and VYM share 21.4% of normalized fund weight across 78 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected..
The Data
Exactly which securities SCHD and VYM 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 |
|---|---|
| Provider | Financial Modeling Prep |
| Fund dates | SCHD 2026-08-22; VYM 2026-08-22 |
| Coverage gate | At least 97% retained per fund |
| Holding | SCHD weight | VYM weight | Shared (min) |
|---|---|---|---|
| UNITEDHEALTH GROUP INC (UNH) | 3.78% | 1.52% | 1.52% |
| CHEVRON (CVX) | 4.02% | 1.49% | 1.49% |
| COCA-COLA (KO) | 4.26% | 1.39% | 1.39% |
| PROCTER & GAMBLE (PG) | 3.78% | 1.37% | 1.37% |
| HOME DEPOT (HD) | 3.96% | 1.35% | 1.35% |
| MERCK & CO INC (MRK) | 4.82% | 1.31% | 1.31% |
| TEXAS INSTRUMENT INC (TXN) | 3.19% | 1.02% | 1.02% |
| VERIZON COMMUNICATIONS INC (VZ) | 3.91% | 0.80% | 0.80% |
| AMGEN INC (AMGN) | 4.75% | 0.78% | 0.78% |
| PEPSICO (PEP) | 3.70% | 0.78% | 0.78% |
| ABBOTT LABORATORIES (ABT) | 4.86% | 0.75% | 0.75% |
| QUALCOMM (QCOM) | 2.38% | 0.63% | 0.63% |
| CONOCOPHILLIPS (COP) | 4.01% | 0.60% | 0.60% |
| BRISTOL MYERS SQUIBB (BMY) | 3.27% | 0.54% | 0.54% |
| LOCKHEED MARTIN CORP (LMT) | 2.83% | 0.48% | 0.48% |
| ALTRIA GROUP INC (MO) | 2.73% | 0.46% | 0.46% |
| AUTOMATIC DATA PROCESSING INC (ADP) | 2.73% | 0.43% | 0.43% |
| ACCENTURE PLC CLASS A (ACN) | 2.72% | 0.41% | 0.41% |
| BLACKSTONE (BX) | 2.56% | 0.39% | 0.39% |
| COMCAST CLASS A (CMCSA) | 2.30% | 0.35% | 0.35% |
| Total full-holdings overlap | 99.1% | 21.4% | 21.4% |
Showing the 20 largest contributors of 78 shared securities. The total uses every shared security.
The 21.4% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. SCHD is dated 2026-08-22 with 99.985% retained coverage; VYM is dated 2026-08-22 with 99.834% retained coverage. Holdings licensed from Financial Modeling Prep.
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Sector Picture
SCHD vs VYM: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (74.0% combined sector overlap).
| Sector | SCHD | VYM |
|---|---|---|
| Healthcare | 15.9% | 11.9% |
| Consumer Staples | 19.4% | 11.8% |
| Industrials | 11.7% | 12.4% |
| Financial Services | 9.2% | 22.0% |
| Energy | 19.1% | 8.7% |
| Technology | 8.5% | 14.5% |
The Verdict
Should you hold both SCHD and VYM?
SCHD and VYM share 21.4% of normalized fund weight across 78 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
FAQ
SCHD vs VYM overlap: common questions
How much do SCHD and VYM overlap?
SCHD (Schwab US Dividend Equity) and VYM (Vanguard High Dividend Yield) overlap by approximately 21.4% of normalized weight across their licensed full holdings. They share 78 securities; the largest contributors include UNH, CVX, KO, PG, HD, MRK, TXN, VZ. The separately dated sector reference shows 74.0% overlap.
What stocks do SCHD and VYM both hold?
Both SCHD and VYM hold UNITEDHEALTH GROUP INC (UNH), CHEVRON (CVX), COCA-COLA (KO), PROCTER & GAMBLE (PG), HOME DEPOT (HD), MERCK & CO INC (MRK), TEXAS INSTRUMENT INC (TXN), VERIZON COMMUNICATIONS INC (VZ) among their top positions. These shared names account for the 21.4% weight overlap.
Is it worth holding both SCHD and VYM?
SCHD and VYM share 21.4% of normalized fund weight across 78 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
What is the difference between SCHD and VYM?
SCHD is a dividend fund (US Dividend, 0.06% expense ratio) and VYM is a dividend fund (US Dividend, 0.06% expense ratio). The dataset includes 100 SCHD holdings as of 2026-08-22 and 605 VYM holdings as of 2026-08-22.
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