Guardfolio Research · ETF Overlap
XLK vs SCHD Overlap: 0.0% of Weight in Shared Holdings
XLK (Technology Select Sector SPDR) and SCHD (Schwab US Dividend Equity) share none of their top-10 holdings. With 9.0% 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
XLK and SCHD share no top-10 holdings (9.0% sector overlap). They are complementary exposures — a technology-sector fund paired with a dividend fund — and combining them genuinely broadens a portfolio rather than concentrating it..
The Data
Exactly which stocks XLK and SCHD 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
XLK vs SCHD: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (9.0% combined sector overlap).
| Sector | XLK | SCHD |
|---|---|---|
| Technology | 100.0% | 8.5% |
| Consumer Staples | 0.0% | 19.4% |
| Energy | 0.0% | 19.1% |
| Healthcare | 0.0% | 15.9% |
| Industrials | 0.0% | 11.7% |
| Financial Services | 0.0% | 9.2% |
The Verdict
Should you hold both XLK and SCHD?
XLK and SCHD share no top-10 holdings (9.0% sector overlap). They are complementary exposures — a technology-sector fund paired with a dividend fund — and combining them genuinely broadens a portfolio rather than concentrating it.
FAQ
XLK vs SCHD overlap: common questions
How much do XLK and SCHD overlap?
XLK (Technology Select Sector SPDR) and SCHD (Schwab US Dividend Equity) overlap by approximately 0.0% of weight based on their top-10 holdings, with 9.0% sector overlap. They share 0 top-10 holdings: no top-10 holdings.
What stocks do XLK and SCHD both hold?
XLK and SCHD 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 XLK and SCHD?
XLK and SCHD share no top-10 holdings (9.0% sector overlap). They are complementary exposures — a technology-sector fund paired with a dividend fund — and combining them genuinely broadens a portfolio rather than concentrating it.
What is the difference between XLK and SCHD?
XLK is a technology-sector fund (US Sector – Technology, 0.09% expense ratio) and SCHD is a dividend fund (US Dividend, 0.06% expense ratio). XLK's top 10 is 62.9% of the fund; SCHD's is 43.5%.
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