SCHD vs DGRO overlap
SCHD and DGRO overlap 20.3% by weight, across 32 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SCHD: May 31, 2026, DGRO: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | SCHD | DGRO | Overlap |
|---|---|---|---|
| Procter & GamblePG | 3.55% | 2.17% | 2.17% |
| Home Depot Inc.HD | 3.36% | 2.14% | 2.14% |
| Coca-Cola Co/theKO | 3.96% | 1.96% | 1.96% |
| Merck & CoMRK | 3.86% | 1.91% | 1.91% |
| Unitedhealth GRPUNH | 5.09% | 1.76% | 1.76% |
| Pepsico Inc.PEP | 3.44% | 1.66% | 1.66% |
| Amgen Inc.AMGN | 3.47% | 1.30% | 1.30% |
| Abbott LabsABT | 2.96% | 1.10% | 1.10% |
| ConocophillipsCOP | 3.51% | 0.89% | 0.89% |
| Accenture PLC-aACN | 2.90% | 0.82% | 0.82% |
| Automatic DataADP | 2.25% | 0.68% | 0.68% |
| Lockheed MartinLMT | 2.70% | 0.65% | 0.65% |
| Qualcomm Inc.QCOM | 6.74% | 0.54% | 0.54% |
| EOG ResourcesEOG | 1.82% | 0.49% | 0.49% |
| Fifth Third BANCFITB | 1.13% | 0.34% | 0.34% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: SCHD, SEC Form N-PORT, May 31, 2026; DGRO, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SCHD | DGRO |
|---|---|---|
| LPL Financial LLC | $1.1B | $1.6B |
| Bank of America Corp. | $1.1B | $1.5B |
| Morgan Stanley | $884.2M | $1.5B |
| Wealthfront Advisers LLC | $400.2M | $1.3B |
| Raymond James Financial Inc. | $572.9M | $845.7M |
| Envestnet Asset Management Inc. | $560.2M | $841.3M |
| Jones Financial Companies LLLP | $158.3M | $1.1B |
| Cetera Investment Advisers | $808.2M | $265.4M |
| Royal Bank of Canada | $349.1M | $619.1M |
| Commonwealth Equity Services, LLC | $304.6M | $548.4M |
| Wells Fargo & Company | $323.1M | $518.4M |
| UBS Group AG | $452.6M | $347.0M |
| Ameriprise Financial Inc. | $259.7M | $518.5M |
| Capital Investment Advisors, LLC | $4.3M | $644.0M |
| Northwestern Mutual Wealth Management Co | $424.9M | $197.4M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: SCHD institutional holders, DGRO institutional holders.
Frequently asked questions
How much do SCHD and DGRO overlap?
20.3% by weight, with 32 holdings in common, using holdings for SCHD as of May 31, 2026 and DGRO as of July 31, 2026. The largest shared position is PG.
Do institutions hold both SCHD and DGRO?
933 Form 13F filers report positions in both, out of 2,547 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.