PRWCX vs SCHD: 2% overlap
T. Rowe Price Capital Appreciation and Schwab U.S. Dividend Equity ETF share 1.7% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
PRWCX and SCHD hold 5 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRWCX | in SCHD | Δ |
|---|---|---|---|
| UNH | 0.8% | 5.1% | 4.3% |
| SLB | 0.3% | 2.1% | 1.8% |
| CVX | 0.2% | 3.8% | 3.6% |
| ABT | 0.2% | 3.0% | 2.7% |
| COP | 0.2% | 3.5% | 3.3% |
Where PRWCX 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 | PRWCX | SCHD | Δ |
|---|---|---|---|
| Treasuries | 18.2% | 0.0% | +18.2pp |
| Consumer Staples | 0.6% | 18.4% | −17.8pp |
| Unclassified | 20.3% | 2.9% | +17.4pp |
| Energy | 0.7% | 14.6% | −13.8pp |
| Industrials | 0.9% | 10.8% | −9.9pp |
| Utilities | 7.1% | 0.1% | +7.0pp |
| Financials | 2.4% | 8.8% | −6.4pp |
| Health Care | 12.2% | 18.3% | −6.1pp |
Δ is PRWCX 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
92.9% of PRWCX by weight, held in no part of SCHD.
82.4% of SCHD 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 | SCHD | |
|---|---|---|
| Top 10 holdings | 46.0% | 43.6% |
| Positions held | 151 | 101 |
| Cost per $10,000 held, per year | $72 | $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 PRWCX and SCHD overlap?
PRWCX and SCHD overlap 1.7% by portfolio weight — largely distinct portfolios. They share 5 holdings. The figure comes from current issuer holdings files (PRWCX as of 2026-03-31, SCHD as of 2026-05-31).
How is the overlap between PRWCX and SCHD 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 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 PRWCX and SCHD?
That depends on your goals — we state facts, not advice. At 1.7% overlap, each fund still contributes meaningfully distinct exposure.
What does PRWCX own that SCHD doesn't?
PRWCX holds 151 positions and SCHD holds 101; 145 of PRWCX's positions don't appear in SCHD at all, and they are 92.9% of PRWCX by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, PRWCX as of 2026-03-31, SCHD as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.