SCHD vs VONG: 3% overlap
Schwab U.S. Dividend Equity ETF and Vanguard Russell 1000 Growth ETF share 3.1% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHD and VONG hold 16 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHD | in VONG | Δ |
|---|---|---|---|
| TXN | 5.9% | 0.8% | 5.1% |
| HD | 3.4% | 0.8% | 2.6% |
| AMGN | 3.5% | 0.4% | 3.1% |
| LMT | 2.7% | 0.3% | 2.4% |
| BX | 2.2% | 0.2% | 2.0% |
| FAST | 1.3% | 0.1% | 1.1% |
| KO | 4.0% | 0.1% | 3.8% |
| ADP | 2.2% | 0.1% | 2.1% |
| DRI | 0.6% | 0.1% | 0.5% |
| ARES | 0.7% | 0.1% | 0.6% |
Where SCHD and VONG 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 | VONG | Δ |
|---|---|---|---|
| Information Technology | 12.9% | 54.3% | −41.3pp |
| Consumer Staples | 18.4% | 1.3% | +17.1pp |
| Energy | 14.6% | 0.4% | +14.1pp |
| Health Care | 18.3% | 5.4% | +12.9pp |
| Communication Services | 6.0% | 16.1% | −10.1pp |
| Financials | 8.8% | 4.3% | +4.6pp |
| Unclassified | 2.9% | 0.0% | +2.9pp |
| Industrials | 10.8% | 8.8% | +2.0pp |
Δ is SCHD minus VONG, 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
68.1% of SCHD by weight, held in no part of VONG.
96.6% of VONG 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 | VONG | |
|---|---|---|
| Top 10 holdings | 43.6% | 54.3% |
| Positions held | 101 | 370 |
| Cost per $10,000 held, per year | $6 | $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 SCHD and VONG overlap?
SCHD and VONG overlap 3.1% by portfolio weight — largely distinct portfolios. They share 16 holdings. The figure comes from current issuer holdings files (SCHD as of 2026-05-31, VONG as of 2026-06-30).
How is the overlap between SCHD and VONG 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 VONG 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 VONG?
That depends on your goals — we state facts, not advice. At 3.1% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHD own that VONG doesn't?
SCHD holds 101 positions and VONG holds 370; 84 of SCHD's positions don't appear in VONG at all, and they are 68.1% of SCHD by weight.
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Related comparisons
Sources: issuer holdings files, SCHD as of 2026-05-31, VONG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.