BNDX vs SCHG: 0% overlap
Vanguard Total International Bond ETF and Schwab U.S. Large-Cap Growth ETF share 0.2% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 30 days apart — SCHG as of 2026-05-31, the rest through 2026-06-30. 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
BNDX and SCHG hold 8 of the same securities. The ten contributing most to the overlap figure:
| Holding | in BNDX | in SCHG | Δ |
|---|---|---|---|
| CASH | 1.3% | 0.1% | 1.3% |
| DT | 0.0% | 0.0% | 0.0% |
| NFLX | 0.0% | 1.3% | 1.2% |
| TMO | 0.0% | 0.6% | 0.6% |
| GE | 0.0% | 1.2% | 1.2% |
| MSFT | 0.0% | 7.2% | 7.2% |
| KKR | 0.0% | 0.2% | 0.2% |
| AAPL | 0.0% | 9.8% | 9.8% |
Where BNDX and SCHG 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 | BNDX | SCHG | Δ |
|---|---|---|---|
| Unclassified | 88.4% | 1.9% | +86.5pp |
| Information Technology | 0.1% | 46.1% | −46.0pp |
| Communication Services | 0.1% | 14.7% | −14.6pp |
| Consumer Discretionary | 0.2% | 12.1% | −11.9pp |
| Health Care | 0.2% | 8.3% | −8.2pp |
| Industrials | 0.0% | 6.0% | −6.0pp |
| Financials | 2.0% | 6.8% | −4.8pp |
| Sovereign | 2.3% | 0.0% | +2.3pp |
Δ is BNDX minus SCHG, 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
98.6% of BNDX by weight, held in no part of SCHG.
79.5% of SCHG by weight, held in no part of BNDX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| BNDX | SCHG | |
|---|---|---|
| Top 10 holdings | 24.4% | 57.2% |
| Positions held | 3,115 | 195 |
| Cost per $10,000 held, per year | $7 | $4 |
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 BNDX and SCHG overlap?
BNDX and SCHG overlap 0.2% by portfolio weight — largely distinct portfolios. They share 8 holdings. The figure comes from current issuer holdings files (BNDX as of 2026-06-30, SCHG as of 2026-05-31).
How is the overlap between BNDX and SCHG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If BNDX holds a stock at 6% and SCHG 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 BNDX and SCHG?
That depends on your goals — we state facts, not advice. At 0.2% overlap, each fund still contributes meaningfully distinct exposure.
What does BNDX own that SCHG doesn't?
BNDX holds 3,115 positions and SCHG holds 195; 3,107 of BNDX's positions don't appear in SCHG at all, and they are 98.6% of BNDX by weight.
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Related comparisons
Sources: issuer holdings files, BNDX as of 2026-06-30, SCHG as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.