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ETF Overlap Tool: SCHD vs VYM

Compare portfolio holdings overlap, tech concentration risk, and expense ratio differences between Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard High Dividend Yield Index Fund ETF Shares (VYM).

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ETF Overlap Overview & Key Metrics
SCHD (100 Total) VYM (450 Total) ONLY IN SCHD 28 Stocks (53.6% Weight) MODERATE DIVIDEND OVERLAP 72 Shared Stocks (83.2%) 46.5% Weight Duplication ONLY IN VYM 378 Stocks (53.6% Weight)
Overlap by Weight
46.5%
⚡ Moderate Dividend Overlap
Expense Ratio Gap
0.06% vs 0.06%
Identical 0.06% Expense Ratio
Unique Holdings
419 vs 378 Stocks
~0.0% Expense Difference
Sector Allocation Breakdown
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%
Financials
21.81%
Information Technology
17.13%
Healthcare
13.22%
Industrials
12.04%
Energy
9.47%
Consumer Staples
8.12%
Consumer Discretionary
6.57%
Utilities
5.38%
Communication Services
3.13%
Materials
3.11%
Real Estate
0.02%

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Stock Holdings Breakdown (SCHD vs VYM)

84 Assets
Asset Sector SCHD Weight VYM Weight Combined (50/50) Status
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Showing 1 to 20 of 73 holdings

SCHD vs VYM: Portfolio Overlap & Investment Strategy Guide

When evaluating Schwab U.S. Dividend Equity ETF (SCHD) versus Vanguard High Dividend Yield Index Fund ETF Shares (VYM), investors are comparing two distinct ETF strategies. SCHD holds 100 total assets while VYM contains 450 total assets. Across both portfolios, they share 16 common stock holdings, representing a 46.5% 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: SCHD concentrates its largest allocation in Healthcare (21.72%), whereas VYM allocates its highest weighting to Financials (21.81%).
  • Top Shared Holdings: Key overlapping stocks held in both funds include Abbott Laboratories (ABT), Merck & Co., Inc (MRK), Amgen Inc (AMGN), The Coca-Cola Company (KO).
  • Holdings Distribution: SCHD features 100 holdings compared to 450 holdings in VYM, affecting single-stock concentration risk.

Strategic Portfolio Insight: Moderate Overlap & Balanced Dual Exposure

Combining SCHD and VYM creates a moderate portfolio overlap of 46.5% by weight. While they share 16 common holdings, each ETF offers distinct sector weightings and strategy tilts that can complement a broader asset allocation strategy.

Expense Ratio Comparison & Performance: SCHD vs VYM

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

Both SCHD and VYM offer competitive expense ratios of 0.06% and 0.06% respectively, keeping annual management costs low for long-term buy-and-hold investors.

2. Volatility, Risk & Long-Term Growth Potential

SCHD and VYM 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 SCHD and VYM 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: SCHD vs VYM ETF Overlap
What is the portfolio overlap percentage between SCHD and VYM?
Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard High Dividend Yield Index Fund ETF Shares (VYM) have a 46.5% overlap by weight and share 16 identical stock holdings. SCHD holds 100 total assets while VYM holds 450 total assets.
What is the main difference between SCHD and VYM?
The main difference between SCHD and VYM lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: SCHD's largest sector is Healthcare (21.72%), whereas VYM's largest sector is Financials (21.81%).
  • Expense Ratio: SCHD charges an expense ratio of 0.06%, while VYM charges 0.06%.
  • Portfolio Breadth: SCHD holds 100 total stocks vs VYM's 450 stocks.
Is it good to hold both SCHD and VYM in the same portfolio?
Holding both SCHD and VYM results in a 46.5% portfolio weight overlap across 16 common holdings. With a moderate weight overlap of 46.5%, holding both SCHD and VYM can provide balanced dual exposure if you want to tilt toward specific sector weightings while maintaining broader market coverage.
Which ETF has lower management expense fees: SCHD or VYM?
SCHD charges an expense ratio of 0.06%, while VYM charges 0.06%.
Which ETF is better for long-term investors: SCHD or VYM?
The ideal choice depends on your investment strategy: SCHD (0.06% expense ratio) provides exposure to Schwab U.S. Dividend Equity ETF, while VYM (0.06% expense ratio) offers exposure to Vanguard High Dividend Yield Index Fund ETF Shares. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do SCHD and VYM pay dividends?
Yes, both SCHD and VYM pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.