ITOT vs SCHG: 48% overlap
iShares Core S&P Total U.S. Stock Market ETF and Schwab U.S. Large-Cap Growth ETF share 48.4% 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 — SCHG 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 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ITOT and SCHG hold 184 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ITOT | in SCHG | Δ |
|---|---|---|---|
| NVDA | 7.0% | 11.0% | 4.0% |
| AAPL | 6.6% | 9.8% | 3.3% |
| MSFT | 3.9% | 7.2% | 3.2% |
| AMZN | 3.2% | 5.7% | 2.5% |
| GOOGL | 2.6% | 4.8% | 2.2% |
| AVGO | 2.6% | 4.5% | 2.0% |
| GOOG | 2.1% | 3.8% | 1.7% |
| META | 1.8% | 3.5% | 1.6% |
| LLY | 1.3% | 3.1% | 1.8% |
| TSLA | 1.2% | 3.9% | 2.7% |
Where ITOT 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 | ITOT | SCHG | Δ |
|---|---|---|---|
| Information Technology | 35.2% | 46.1% | −10.9pp |
| Communication Services | 8.7% | 14.7% | −6.0pp |
| Financials | 12.7% | 6.8% | +5.9pp |
| Industrials | 10.1% | 6.0% | +4.2pp |
| Consumer Discretionary | 8.8% | 12.1% | −3.3pp |
| Energy | 3.5% | 0.7% | +2.8pp |
| Consumer Staples | 4.4% | 1.7% | +2.7pp |
| Unclassified | 0.0% | 1.9% | −1.9pp |
Δ is ITOT 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
51.4% of ITOT by weight, held in no part of SCHG.
1.9% of SCHG 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 | SCHG | |
|---|---|---|
| Top 10 holdings | 32.7% | 57.2% |
| Positions held | 2,440 | 195 |
| Cost per $10,000 held, per year | $3 | $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 ITOT and SCHG overlap?
ITOT and SCHG overlap 48.4% by portfolio weight — moderate overlap. They share 184 holdings. The figure comes from current issuer holdings files (ITOT as of 2026-07-23, SCHG as of 2026-05-31).
How is the overlap between ITOT and SCHG 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 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 ITOT and SCHG?
That depends on your goals — we state facts, not advice. At 48.4% overlap, each fund still contributes meaningfully distinct exposure.
What does ITOT own that SCHG doesn't?
ITOT holds 2,440 positions and SCHG holds 195; 2,255 of ITOT's positions don't appear in SCHG at all, and they are 51.4% of ITOT by weight.
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Related comparisons
Sources: issuer holdings files, ITOT as of 2026-07-23, SCHG as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.