SCHB vs VTI: 91% overlap
Schwab U.S. Broad Market ETF and Vanguard Total Stock Market ETF share 90.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 30 days apart — SCHB 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 1.1. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHB and VTI hold 2,257 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHB | in VTI | Δ |
|---|---|---|---|
| NVDA | 7.0% | 6.3% | 0.7% |
| AAPL | 6.3% | 5.8% | 0.4% |
| MSFT | 4.6% | 3.8% | 0.8% |
| AMZN | 3.6% | 3.2% | 0.4% |
| GOOGL | 3.0% | 2.9% | 0.1% |
| AVGO | 2.9% | 2.5% | 0.4% |
| GOOG | 2.4% | 2.3% | 0.1% |
| META | 1.9% | 1.7% | 0.2% |
| TSLA | 1.7% | 1.6% | 0.0% |
| MU | 1.5% | 1.8% | 0.3% |
Where SCHB and VTI 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 | SCHB | VTI | Δ |
|---|---|---|---|
| Unclassified | 3.5% | 0.2% | +3.3pp |
| Industrials | 8.8% | 10.4% | −1.6pp |
| Health Care | 8.4% | 9.5% | −1.1pp |
| Financials | 11.1% | 11.9% | −0.7pp |
| Information Technology | 35.8% | 35.2% | +0.6pp |
| Communication Services | 9.6% | 9.1% | +0.6pp |
| Materials | 1.6% | 2.0% | −0.5pp |
| Cash and/or Derivatives | 0.2% | 0.6% | −0.4pp |
Δ is SCHB minus VTI, 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
3.5% of SCHB by weight, held in no part of VTI.
3.9% of VTI by weight, held in no part of SCHB.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SCHB | VTI | |
|---|---|---|
| Top 10 holdings | 34.9% | 31.9% |
| Positions held | 2,407 | 3,495 |
| Cost per $10,000 held, per year | $3 | $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 SCHB and VTI overlap?
SCHB and VTI overlap 90.9% by portfolio weight — they are effectively the same fund. They share 2,257 holdings. The figure comes from current issuer holdings files (SCHB as of 2026-05-31, VTI as of 2026-06-30).
How is the overlap between SCHB and VTI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SCHB holds a stock at 6% and VTI 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 SCHB and VTI?
That depends on your goals — we state facts, not advice. At 90.9% overlap, most of what one fund holds, the other holds too. Expense ratios: SCHB 0.03% versus VTI 0.03%.
What does SCHB own that VTI doesn't?
SCHB holds 2,407 positions and VTI holds 3,495; 149 of SCHB's positions don't appear in VTI at all, and they are 3.5% of SCHB by weight.
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Related comparisons
Sources: issuer holdings files, SCHB as of 2026-05-31, VTI as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.