HDV is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. HDV and SCHV show meaningful overlap, with an estimated weighted overlap of 21.08%. They share 59 holdings in the loaded dataset, led by 30231G102, JNJ, and ABBV.
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HDV is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. HDV and SCHV show meaningful overlap, with an estimated weighted overlap of 21.08%. They share 59 holdings in the loaded dataset, led by 30231G102, JNJ, and ABBV.
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HDV is a dividend-focused equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. HDV and SCHV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as 30231G102, JNJ, and ABBV, which explains why the score lands at 21.08%.
HDV 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 HDV is the more targeted sleeve. SCHV has the lower expense ratio, while HDV 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 23.61% 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, HDV is the narrower expression. SCHV has the lower expense ratio, while HDV charges more for its exposure.
Concentration
The top three shared holdings explain 23.61% 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 HDV and SCHV.
| Holding | Name | HDV Wt. | SCHV Wt. | Overlap |
|---|---|---|---|---|
| 30231G102 | EXXON MOBIL CORP | 8.42% | 1.97% | 1.97% |
| JNJ | JOHNSON & JOHNSON | 5.68% | 1.76% | 1.76% |
| ABBV | ABBVIE INC | 5.44% | 1.25% | 1.25% |
| CVX | CHEVRON CORP | 6.42% | 1.11% | 1.11% |
| PG | PROCTER & GAMBLE COMPANY (THE) | 4.46% | 1.08% | 1.08% |
| HD | HOME DEPOT INC (THE) | 4.07% | 1.02% | 1.02% |
| KO | COCA-COLA COMPANY (THE) | 3.86% | 0.99% | 0.99% |
| MRK | MERCK & COMPANY INC | 3.77% | 0.96% | 0.96% |
| TXN | TEXAS INSTRUMENTS INC | 3.54% | 0.90% | 0.90% |
| PM | PHILIP MORRIS INTERNATIONAL INC | 4.17% | 0.90% | 0.90% |
HDV 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 30231G102, JNJ, and ABBV, which appear in both portfolios and push the overlap score higher.
Holding both HDV and SCHV can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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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.