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ETF Overlap Tool: FDVV vs SCHD

Compare portfolio holdings overlap, tech concentration risk, and expense ratio differences between Fidelity High Dividend ETF (FDVV) and Schwab U.S. Dividend Equity ETF (SCHD).

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ETF Overlap Overview & Key Metrics
FDVV (100 Total) SCHD (100 Total) ONLY IN FDVV 39 Stocks (53.6% Weight) LOW HOLDINGS OVERLAP 10 Shared Stocks (83.2%) 12.5% Weight Duplication ONLY IN SCHD 40 Stocks (53.6% Weight)
Overlap by Weight
12.5%
⚡ Low Holdings Overlap
Expense Ratio Gap
0.15% vs 0.06%
SCHD is 2.5x cheaper than FDVV
Unique Holdings
419 vs 40 Stocks
~0.0% Weight Difference
Sector Allocation Breakdown
Information Technology
29.99%
Financials
19.19%
Consumer Discretionary
12.98%
Consumer Staples
10.53%
Real Estate
9.49%
Utilities
8.29%
Healthcare
3.24%
Communication Services
3.22%
Industrials
3.08%
Healthcare
21.72%
Consumer Staples
19.4%
Energy
15.55%
Information Technology
12.73%
Financials
9.71%
Industrials
7.44%
Consumer Discretionary
7.01%
Communication Services
6.35%
Utilities
0.1%

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Stock Holdings Breakdown (FDVV vs SCHD)

89 Assets
Asset Sector FDVV Weight SCHD Weight Combined (50/50) Status

FDVV vs SCHD: Portfolio Overlap & Investment Strategy Guide

When evaluating Fidelity High Dividend ETF (FDVV) versus Schwab U.S. Dividend Equity ETF (SCHD), investors are comparing two distinct ETF strategies. FDVV holds 100 total assets while SCHD contains 100 total assets. Across both portfolios, they share 10 common stock holdings, representing a 12.5% portfolio overlap by weight.

Sector Concentration & Shared Stock Holdings

While both funds invest in equity markets, their internal sector allocations create meaningful differences in portfolio performance and volatility:

  • Primary Sector Focus: FDVV concentrates its largest allocation in Information Technology (29.99%), whereas SCHD allocates its highest weighting to Healthcare (21.72%).
  • Top Shared Holdings: Key overlapping stocks held in both funds include The Coca-Cola Company (KO), The Home Depot, Inc (HD), The Procter & Gamble Company (PG), PepsiCo, Inc (PEP).
  • Holdings Distribution: FDVV features 100 holdings compared to 100 holdings in SCHD, affecting single-stock concentration risk.

Strategic Portfolio Insight: Low Overlap & Strong Complementary Diversification

Holding both FDVV and SCHD offers low portfolio duplication with only a 12.5% weight overlap. With 10 shared stocks, these two funds focus on different market segments, making them highly complementary for investors seeking targeted multi-asset diversification.

Expense Ratio Comparison & Performance: FDVV vs SCHD

Beyond portfolio holdings overlap, fund management fees, dividend yields, and sector diversification play a vital role in long-term compounding returns:

1. Annual Management Fee Impact

SCHD charges a lower expense ratio of 0.06% compared to FDVV at 0.15%. SCHD is 2.5x cheaper, saving long-term investors approximately $9 per year for every $100,000 invested.

2. Volatility, Risk & Long-Term Growth Potential

FDVV and SCHD react differently to changing interest rates, market cycles, and sector rotations. Diversifying across funds with different underlying indexes helps reduce portfolio drawdown risk during broader market corrections.

Snowball Portfolio Lab Insight

Want to analyze how combining FDVV and SCHD impacts your total portfolio yield, sector distribution, and historical dividend income? Model your custom asset allocation in the Snowball Analytics Portfolio Lab.

Frequently Asked Questions: FDVV vs SCHD ETF Overlap
What is the portfolio overlap percentage between FDVV and SCHD?
Fidelity High Dividend ETF (FDVV) and Schwab U.S. Dividend Equity ETF (SCHD) have a 12.5% overlap by weight and share 10 identical stock holdings. FDVV holds 100 total assets while SCHD holds 100 total assets.
What is the main difference between FDVV and SCHD?
The main difference between FDVV and SCHD lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: FDVV's largest sector is Information Technology (29.99%), whereas SCHD's largest sector is Healthcare (21.72%).
  • Expense Ratio: SCHD has an expense ratio of 0.06%, while FDVV charges 0.15%. SCHD is 2.5x cheaper than FDVV.
  • Portfolio Breadth: FDVV holds 100 total stocks vs SCHD's 100 stocks.
Is it good to hold both FDVV and SCHD in the same portfolio?
Holding both FDVV and SCHD results in a 12.5% portfolio weight overlap across 10 common holdings. Holding both FDVV and SCHD offers strong complementary diversification with low weight overlap (12.5%), allowing investors to combine distinct market segments in a single portfolio.
Which ETF has lower management expense fees: FDVV or SCHD?
SCHD has an expense ratio of 0.06%, while FDVV charges 0.15%. SCHD is 2.5x cheaper than FDVV.
Which ETF is better for long-term investors: FDVV or SCHD?
The ideal choice depends on your investment strategy: FDVV (0.15% expense ratio) provides exposure to Fidelity High Dividend ETF, while SCHD (0.06% expense ratio) offers exposure to Schwab U.S. Dividend Equity ETF. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do FDVV and SCHD pay dividends?
Yes, both FDVV and SCHD pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.