SCHD vs VIMAX: 7% overlap
Schwab U.S. Dividend Equity ETF and Vanguard Mid-Cap Index Admiral share 6.9% 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 — SCHD 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHD and VIMAX hold 21 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHD | in VIMAX | Δ |
|---|---|---|---|
| SLB | 2.1% | 0.7% | 1.4% |
| TGT | 1.4% | 0.6% | 0.9% |
| FAST | 1.3% | 0.5% | 0.7% |
| OKE | 1.3% | 0.5% | 0.8% |
| F | 1.7% | 0.5% | 1.2% |
| FITB | 1.1% | 0.5% | 0.6% |
| DVN | 1.3% | 0.5% | 0.8% |
| ADM | 1.0% | 0.4% | 0.6% |
| KMB | 0.8% | 0.4% | 0.5% |
| PAYX | 0.8% | 0.3% | 0.5% |
Where SCHD and VIMAX 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 | VIMAX | Δ |
|---|---|---|---|
| Consumer Staples | 18.4% | 4.9% | +13.6pp |
| Health Care | 18.3% | 7.8% | +10.5pp |
| Industrials | 10.8% | 19.6% | −8.8pp |
| Utilities | 0.1% | 8.4% | −8.3pp |
| Energy | 14.6% | 7.3% | +7.2pp |
| Financials | 8.8% | 14.0% | −5.2pp |
| Real Estate | 0.0% | 5.1% | −5.1pp |
| Materials | 0.1% | 4.3% | −4.3pp |
Δ is SCHD minus VIMAX, 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
81.3% of SCHD by weight, held in no part of VIMAX.
92.7% of VIMAX 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 | VIMAX | |
|---|---|---|
| Top 10 holdings | 43.6% | 9.5% |
| Positions held | 101 | 283 |
| Cost per $10,000 held, per year | $6 | $5 |
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 VIMAX overlap?
SCHD and VIMAX overlap 6.9% by portfolio weight — largely distinct portfolios. They share 21 holdings. The figure comes from current issuer holdings files (SCHD as of 2026-05-31, VIMAX as of 2026-06-30).
How is the overlap between SCHD and VIMAX 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 VIMAX 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 VIMAX?
That depends on your goals — we state facts, not advice. At 6.9% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHD own that VIMAX doesn't?
SCHD holds 101 positions and VIMAX holds 283; 79 of SCHD's positions don't appear in VIMAX at all, and they are 81.3% of SCHD by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, SCHD as of 2026-05-31, VIMAX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.