etf overlap tool · little overlap

SCHD vs IWF overlap

3.2% of SCHD and IWF is the same money, spread over 15 companies both funds hold.

Holdings as of October 13, 2026 · source: Schwab (SCHD), iShares (IWF) · How we measured all 1,431 pairs

overlapfull holdings, by weight

3.2%of each fund is money the other holds at the same weight, across 15 shared companies.

SCHD

68%

32% in IWF

IWF

97%

3.2% in SCHD

same money
same companies, extra weight
only in this fund

Hold SCHD and IWF with other funds or stocks? The free portfolio optimizer opens SCHD and IWF beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.

01Shared

The companies you would own twice

held by bothtop 15 of 15

companySCHDIWF

TXNTEXAS INSTRUMENT INC4.71%0.76%

HDHOME DEPOT3.85%0.69%

AMGNAMGEN INC3.89%0.50%

LMLMTLOCKHEED MARTIN CORP2.59%0.34%

BXBXBLACKSTONE2.08%0.19%

FASTFASTENAL1.49%0.15%

ADPAUTOMATIC DATA PROCESSING INC2.77%0.13%

KOCOCA-COLA4.26%0.13%

DRIDARDEN RESTAURANTS INC0.59%0.08%

ARARESARES MANAGEMENT CLASS A0.65%0.07%

PEPPEPSICO3.78%0.06%

KMBKIMBERLY CLARK0.83%0.03%

MTMTNVAIL RESORTS0.14%0.01%

HSYHERSHEY FOODS0.60%0.01%

BABAHBOOZ ALLEN HAMILTON HOLDING CLASS0.22%0.01%

02Different

What only one of them gives you

only in SCHD85 names

QCOMQUALCOMM4.34%

PGPROCTER & GAMBLE4.32%

CVXCHEVRON4.29%

COPCONOCOPHILLIPS4.27%

UNHUNITEDHEALTH GROUP3.94%

MRKMERCK & CO INC3.90%

ABTABBOTT LABORATORIES3.87%

VZVERIZON COMMUNICATIONS INC3.61%

only in IWF356 names

NVDANVIDIA15.14%

AAPLAPPLE8.15%

GOOGLALPHABET CLASS A6.01%

MSFTMICROSOFT5.95%

GOOGALPHABET CLASS C4.85%

AVGOBROADCOM INC4.63%

METAMETA PLATFORMS CLASS A3.86%

TSLATESLA INC3.14%

03Sectors

Where each fund puts its money

sectorsSCHD vs IWF, share of each fund

Information Technology12.35%54.31%

Health Care18.52%5.92%

Communication Services5.60%16.83%

Consumer Staples20.12%1.31%

Industrials11.33%7.37%

Energy16.35%0.59%

Consumer Discretionary6.73%7.61%

Financials8.88%5.03%

Real Estate0.00%0.41%

Utilities0.09%0.27%

Materials0.00%0.26%

04Questions

SCHD and IWF: what people ask

questions4 answered

How much do SCHD and IWF overlap?

3.2% by weight, as of October 13, 2026: little overlap. 15 companies appear in both funds; they make up 32% of SCHD and 3.2% of IWF.

Which stocks do SCHD and IWF both hold?

The largest shared positions are TXN, HD, AMGN, LMT and BX. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both SCHD and IWF?

Out of every $100 split evenly between them, about $3 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 85 names only in SCHD, 356 only in IWF. Half in each behaves like 50 equally weighted stocks, against 34 for SCHD alone and 21 for IWF alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

How is ETF overlap calculated here?

For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Schwab and iShares publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.

Hold SCHD and IWF?Import your positions and see what your funds hold together, company by company, with the fees you pay on each.Import my portfolio

Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.