SCHD vs DGRO: fund overlap

ETF comparisons  /  SCHD vs DGRO

US dividend comparison · SCHD 2026-05-31 · DGRO 2026-08-27

SCHD vs DGRO

Schwab U.S. Dividend Equity ETF compared with iShares Core Dividend Growth ETF

Most company exposure is different between these funds.SCHD has 70 companies outside the overlap; DGRO has 352.
SCHDUS dividend

Schwab U.S. Dividend Equity ETF

102holdings
0.06%annual fee
USmarket
Valuation98 companies covered
18.2×P / E99% by weight
3.92×P / B96% by weight
5.5%Earnings yield
SCHD holdings and fund profile
DGROequity

iShares Core Dividend Growth ETF

398holdings
0.08%annual fee
USmarket
Valuation378 companies covered
23.6×P / E99% by weight
3.94×P / B91% by weight
4.2%Earnings yield
DGRO holdings and fund profile

Price development

Both lines rebased to 0% over their shared dates

Largest shared positions

32 companies held in both funds

SCHD weight DGRO weight
Shared companySCHD DGRO
Merck & Co Inc MRK
3.87%
2.16%
THE PROCTER & GAMBLE COMPANY PG
3.55%
2.12%
Home Depot Inc/The HD
3.37%
2.08%
THE COCA-COLA COMPANY KO
3.96%
1.97%
UnitedHealth Group Inc UNH
5.10%
1.65%
Pepsico, Inc. PEP
3.45%
1.64%
Amgen Inc AMGN
3.48%
1.45%
Abbott Laboratories ABT
2.96%
1.15%
ConocoPhillips COP
3.52%
0.94%
Accenture PLC ACN
2.90%
0.91%
AUTOMATIC DATA PROCESSING, INC. ADP
2.25%
0.72%
LOCKHEED MARTIN CORPORATION LMT
2.71%
0.62%
QUALCOMM Inc QCOM
6.75%
0.60%
EOG Resources Inc EOG
1.82%
0.47%
FIFTH THIRD BANCORP FITB
1.13%
0.32%
ARES MANAGEMENT CORPORATION ARES
0.67%
0.27%
FASTENAL COMPANY FAST
1.28%
0.25%
Archer-Daniels-Midland Co ADM
0.97%
0.20%
DARDEN RESTAURANTS, INC. DRI US
0.59%
0.16%
PRINCIPAL FINANCIAL GROUP, INC. PFG
0.52%
0.16%
CINCINNATI FINANCIAL CORPORATION CINF
0.62%
0.13%
BROADRIDGE FINANCIAL SOLUTIONS, INC. BR
0.45%
0.12%
Snap-on Inc SNA
0.49%
0.11%
EAST WEST BANCORP, INC. EWBC
0.42%
0.10%
FIDELITY NATIONAL FINANCIAL, INC FNF
0.30%
0.10%

SCHD and DGRO questions

Based on the holdings compared above

How much do SCHD and DGRO overlap?

SCHD and DGRO overlap by 20.7% by weight, across 32 shared companies.

Which companies do SCHD and DGRO both hold?

The largest companies held in both funds are Merck & Co Inc, THE PROCTER & GAMBLE COMPANY, Home Depot Inc/The, THE COCA-COLA COMPANY, UnitedHealth Group Inc.

Can I hold both SCHD and DGRO?

Holding both means 20.7% of that part of your portfolio is the same companies counted twice. That can suit you or not depending on your goals; this tool reports the overlap rather than giving advice.

Is SCHD or DGRO cheaper?

SCHD has a 0.06% expense ratio and DGRO has 0.08%.

How do SCHD and DGRO compare on valuation?

SCHD has a weighted P/E of 18.2 and DGRO has a weighted P/E of 23.6.

Compare your own portfolio

See the companies and duplicated exposure across every fund you hold.

Open the analyzer