MTUM vs SCHD Overlap
MTUM is an equity ETF from IShares, while SCHD is a dividend-focused equity ETF from Schwab. MTUM and SCHD show limited overlap, with an estimated weighted overlap of 1.08%. They share 1 holdings in the loaded dataset, led by LMT.
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Quick Answer
MTUM is an equity ETF from IShares, while SCHD is a dividend-focused equity ETF from Schwab. MTUM and SCHD show limited overlap, with an estimated weighted overlap of 1.08%. They share 1 holdings in the loaded dataset, led by LMT.
- 1.08% weighted overlap across 1 shared holdings.
- The top three shared holdings explain 100.28% of the measured overlap.
- MTUM and SCHD are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- MTUM holdings
- Mar 12, 2026
- SCHD holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
MTUM is an equity ETF from IShares, while SCHD is a dividend-focused equity ETF from Schwab. MTUM and SCHD do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like LMT.
How They Differ
MTUM is an equity ETF from IShares, while SCHD is a dividend-focused equity ETF from Schwab. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. SCHD has the lower expense ratio, while MTUM charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 100.28% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because MTUM and SCHD are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. SCHD has the lower expense ratio, while MTUM charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 100.28% 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.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between MTUM and SCHD.
| Holding | Name | MTUM Wt. | SCHD Wt. | Overlap |
|---|---|---|---|---|
| LMT | LOCKHEED MARTIN CORP | 1.08% | 4.92% | 1.08% |
Why These ETFs Overlap
MTUM is an equity ETF from IShares, while SCHD is a dividend-focused 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 LMT, which appear in both portfolios and push the overlap score higher.
Holding both MTUM and SCHD can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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Frequently Asked Questions About MTUM and SCHD
What is the overlap between MTUM and SCHD?+
How many holdings do MTUM and SCHD share?+
Is the MTUM and SCHD overlap high?+
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How Overlap Is Calculated
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.