PRWCX vs SCHB: 28% overlap
T. Rowe Price Capital Appreciation and Schwab U.S. Broad Market ETF share 27.9% 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 — PRWCX 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
PRWCX and SCHB hold 49 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRWCX | in SCHB | Δ |
|---|---|---|---|
| MSFT | 4.2% | 4.6% | 0.3% |
| AMZN | 4.8% | 3.6% | 1.2% |
| AAPL | 3.6% | 6.3% | 2.7% |
| NVDA | 3.0% | 7.0% | 4.0% |
| GOOGL | 2.3% | 3.0% | 0.8% |
| META | 3.7% | 1.9% | 1.8% |
| AVGO | 1.8% | 2.9% | 1.1% |
| AMD | 1.4% | 1.2% | 0.2% |
| LLY | 0.8% | 1.2% | 0.4% |
| JPM | 0.7% | 1.1% | 0.4% |
Where PRWCX and SCHB 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 | PRWCX | SCHB | Δ |
|---|---|---|---|
| Treasuries | 18.2% | 0.0% | +18.2pp |
| Information Technology | 17.8% | 35.8% | −18.0pp |
| Unclassified | 20.3% | 3.5% | +16.8pp |
| Financials | 2.4% | 11.1% | −8.7pp |
| Industrials | 0.9% | 8.8% | −7.9pp |
| Cash & Other | 5.0% | 0.0% | +5.0pp |
| Utilities | 7.1% | 2.1% | +5.0pp |
| Health Care | 12.2% | 8.4% | +3.8pp |
Δ is PRWCX minus SCHB, 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
42.0% of PRWCX by weight, held in no part of SCHB.
60.2% of SCHB by weight, held in no part of PRWCX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| PRWCX | SCHB | |
|---|---|---|
| Top 10 holdings | 46.0% | 34.9% |
| Positions held | 151 | 2,407 |
| Cost per $10,000 held, per year | $72 | $3 |
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 PRWCX and SCHB overlap?
PRWCX and SCHB overlap 27.9% by portfolio weight — moderate overlap. They share 49 holdings. The figure comes from current issuer holdings files (PRWCX as of 2026-03-31, SCHB as of 2026-05-31).
How is the overlap between PRWCX and SCHB calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If PRWCX holds a stock at 6% and SCHB 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 PRWCX and SCHB?
That depends on your goals — we state facts, not advice. At 27.9% overlap, each fund still contributes meaningfully distinct exposure.
What does PRWCX own that SCHB doesn't?
PRWCX holds 151 positions and SCHB holds 2,407; 101 of PRWCX's positions don't appear in SCHB at all, and they are 42.0% of PRWCX by weight.
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Related comparisons
Sources: issuer holdings files, PRWCX as of 2026-03-31, SCHB as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.