ITOT vs SCHF: 0% overlap
iShares Core S&P Total U.S. Stock Market ETF and Schwab International Equity ETF share 0.3% 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 — SCHF as of 2026-05-31, the rest through 2026-07-23. 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
ITOT and SCHF hold 8 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ITOT | in SCHF | Δ |
|---|---|---|---|
| CASH | 0.2% | 0.5% | 0.3% |
| SUNB | 0.0% | 0.1% | 0.1% |
| PPL | 0.0% | 0.1% | 0.1% |
| RBA | 0.0% | 0.1% | 0.0% |
| L | 0.0% | 0.1% | 0.1% |
| H | 0.0% | 0.0% | 0.0% |
| CNR | 0.0% | 0.2% | 0.2% |
| CCO | 0.0% | 0.2% | 0.2% |
Where ITOT and SCHF 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 | ITOT | SCHF | Δ |
|---|---|---|---|
| Unclassified | 0.0% | 95.9% | −95.9pp |
| Information Technology | 35.2% | 0.0% | +35.2pp |
| Financials | 12.7% | 1.9% | +10.8pp |
| Industrials | 10.1% | 0.3% | +9.8pp |
| Health Care | 9.7% | 0.0% | +9.7pp |
| Consumer Discretionary | 8.8% | 0.2% | +8.6pp |
| Communication Services | 8.7% | 0.2% | +8.6pp |
| Consumer Staples | 4.4% | 0.5% | +3.9pp |
Δ is ITOT minus SCHF, 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
99.6% of ITOT by weight, held in no part of SCHF.
98.5% of SCHF by weight, held in no part of ITOT.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ITOT | SCHF | |
|---|---|---|
| Top 10 holdings | 32.7% | 14.8% |
| Positions held | 2,440 | 1,477 |
| Cost per $10,000 held, per year | $3 | $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 ITOT and SCHF overlap?
ITOT and SCHF overlap 0.3% by portfolio weight — largely distinct portfolios. They share 8 holdings. The figure comes from current issuer holdings files (ITOT as of 2026-07-23, SCHF as of 2026-05-31).
How is the overlap between ITOT and SCHF calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ITOT holds a stock at 6% and SCHF 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 ITOT and SCHF?
That depends on your goals — we state facts, not advice. At 0.3% overlap, each fund still contributes meaningfully distinct exposure.
What does ITOT own that SCHF doesn't?
ITOT holds 2,440 positions and SCHF holds 1,477; 2,431 of ITOT's positions don't appear in SCHF at all, and they are 99.6% of ITOT by weight.
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Related comparisons
Sources: issuer holdings files, ITOT as of 2026-07-23, SCHF as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.