DGRO is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. DGRO and SCHV show heavy overlap, with an estimated weighted overlap of 52.51%. They share 247 holdings in the loaded dataset, led by JPM, 30231G102, and JNJ.
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Quick Answer
DGRO is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. DGRO and SCHV show heavy overlap, with an estimated weighted overlap of 52.51%. They share 247 holdings in the loaded dataset, led by JPM, 30231G102, and JNJ.
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DGRO is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. DGRO and SCHV share a large chunk of the same portfolio weight. The overlap is driven by positions like JPM, 30231G102, and JNJ, so owning both may not diversify your stock exposure as much as the fund names suggest.
DGRO is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. SCHV is the broader fund, while DGRO is the more targeted sleeve. SCHV has the lower expense ratio, while DGRO charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 12.09% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, SCHV is usually the wider choice. If you want the more focused tilt, DGRO is the narrower expression. SCHV has the lower expense ratio, while DGRO charges more for its exposure.
Concentration
The top three shared holdings explain 12.09% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between DGRO and SCHV.
| Holding | Name | DGRO Wt. | SCHV Wt. | Overlap |
|---|---|---|---|---|
| JPM | JP MORGAN CHASE & COMPANY | 3.04% | 2.62% | 2.62% |
| 30231G102 | EXXON MOBIL CORP | 2.90% | 1.97% | 1.97% |
| JNJ | JOHNSON & JOHNSON | 2.64% | 1.76% | 1.76% |
| CSCO | CISCO SYSTEMS INC | 1.73% | 1.54% | 1.54% |
| ABBV | ABBVIE INC | 2.52% | 1.25% | 1.25% |
| BAC | BANK OF AMERICA CORP | 1.83% | 1.11% | 1.11% |
| PG | PROCTER & GAMBLE COMPANY (THE) | 2.07% | 1.08% | 1.08% |
| HD | HOME DEPOT INC (THE) | 1.89% | 1.02% | 1.02% |
| GS | GOLDMAN SACHS GROUP INC (THE) | 1.18% | 1.00% | 1.00% |
| KO | COCA-COLA COMPANY (THE) | 1.79% | 0.99% | 0.99% |
DGRO is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are JPM, 30231G102, and JNJ, which appear in both portfolios and push the overlap score higher.
Holding both DGRO and SCHV may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
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A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.