AIVSX vs SCHD: 5% overlap
American Funds Investment Company of America A and Schwab U.S. Dividend Equity ETF share 5.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 2 months apart — AIVSX as of 2026-03-31, the rest through 2026-05-31. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AIVSX and SCHD hold 14 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AIVSX | in SCHD | Δ |
|---|---|---|---|
| HD | 1.2% | 3.4% | 2.2% |
| UNH | 1.0% | 5.1% | 4.1% |
| ABT | 0.8% | 3.0% | 2.2% |
| CMCSA | 0.7% | 2.2% | 1.6% |
| EOG | 0.3% | 1.8% | 1.5% |
| MO | 0.3% | 2.9% | 2.6% |
| AMGN | 0.2% | 3.5% | 3.3% |
| KO | 0.2% | 4.0% | 3.8% |
| PEP | 0.2% | 3.4% | 3.3% |
| PG | 0.1% | 3.5% | 3.4% |
Where AIVSX and SCHD differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AIVSX | SCHD | Δ |
|---|---|---|---|
| Information Technology | 29.2% | 12.9% | +16.2pp |
| Energy | 1.9% | 14.6% | −12.7pp |
| Consumer Staples | 6.4% | 18.4% | −12.1pp |
| Health Care | 11.2% | 18.3% | −7.1pp |
| Communication Services | 9.9% | 6.0% | +3.9pp |
| Consumer Discretionary | 10.0% | 6.8% | +3.2pp |
| Materials | 3.1% | 0.1% | +3.0pp |
| Unclassified | 5.5% | 2.9% | +2.6pp |
Δ is AIVSX minus SCHD, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
95.1% of AIVSX by weight, held in no part of SCHD.
61.7% of SCHD by weight, held in no part of AIVSX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AIVSX | SCHD | |
|---|---|---|
| Top 10 holdings | 39.5% | 43.6% |
| Positions held | 168 | 101 |
| Cost per $10,000 held, per year | $58 | $6 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AIVSX and SCHD overlap?
AIVSX and SCHD overlap 5.1% by portfolio weight — largely distinct portfolios. They share 14 holdings. The figure comes from current issuer holdings files (AIVSX as of 2026-03-31, SCHD as of 2026-05-31).
How is the overlap between AIVSX and SCHD calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AIVSX holds a stock at 6% and SCHD holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AIVSX and SCHD?
That depends on your goals — we state facts, not advice. At 5.1% overlap, each fund still contributes meaningfully distinct exposure.
What does AIVSX own that SCHD doesn't?
AIVSX holds 168 positions and SCHD holds 101; 154 of AIVSX's positions don't appear in SCHD at all, and they are 95.1% of AIVSX by weight.
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Related comparisons
Sources: issuer holdings files, AIVSX as of 2026-03-31, SCHD as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.