SCHD vs VBIAX: 1% overlap
Schwab U.S. Dividend Equity ETF and Vanguard Balanced Index Admiral share 0.5% 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 — VBIAX 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
SCHD and VBIAX hold 14 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHD | in VBIAX | Δ |
|---|---|---|---|
| QCOM | 6.7% | 0.1% | 6.6% |
| MO | 2.9% | 0.1% | 2.8% |
| CMCSA | 2.2% | 0.1% | 2.1% |
| UPS | 2.0% | 0.1% | 1.9% |
| CASH | 0.0% | 1.8% | 1.7% |
| F | 1.7% | 0.0% | 1.7% |
| FITB | 1.1% | 0.0% | 1.1% |
| MUR | 0.1% | 0.0% | 0.1% |
| FHI | 0.1% | 0.0% | 0.1% |
| MZTI | 0.1% | 0.0% | 0.1% |
Where SCHD and VBIAX 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 | SCHD | VBIAX | Δ |
|---|---|---|---|
| Unclassified | 2.9% | 55.1% | −52.2pp |
| Treasuries | 0.0% | 19.1% | −19.1pp |
| Consumer Staples | 18.4% | 0.2% | +18.2pp |
| Health Care | 18.3% | 1.2% | +17.1pp |
| Energy | 14.6% | 0.1% | +14.4pp |
| Information Technology | 12.9% | 1.0% | +12.0pp |
| Industrials | 10.8% | 0.7% | +10.1pp |
| MBS Pass-Through | 0.0% | 8.1% | −8.1pp |
Δ is SCHD minus VBIAX, 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
82.6% of SCHD by weight, held in no part of VBIAX.
98.6% of VBIAX by weight, held in no part of SCHD.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SCHD | VBIAX | |
|---|---|---|
| Top 10 holdings | 43.6% | 45.2% |
| Positions held | 101 | 5,119 |
| Cost per $10,000 held, per year | $6 | $7 |
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 SCHD and VBIAX overlap?
SCHD and VBIAX overlap 0.5% by portfolio weight — largely distinct portfolios. They share 14 holdings. The figure comes from current issuer holdings files (SCHD as of 2026-05-31, VBIAX as of 2026-03-31).
How is the overlap between SCHD and VBIAX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SCHD holds a stock at 6% and VBIAX 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 SCHD and VBIAX?
That depends on your goals — we state facts, not advice. At 0.5% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHD own that VBIAX doesn't?
SCHD holds 101 positions and VBIAX holds 5,119; 86 of SCHD's positions don't appear in VBIAX at all, and they are 82.6% of SCHD by weight.
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Related comparisons
Sources: issuer holdings files, SCHD as of 2026-05-31, VBIAX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.