SCHF vs TSPS: 1% overlap
Schwab International Equity ETF and TSP S Fund — shown via extended-market proxy share 0.8% 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 — SCHF 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
SCHF and TSPS hold 7 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHF | in TSPS | Δ |
|---|---|---|---|
| CASH | 0.5% | 3.8% | 3.3% |
| SUNB | 0.1% | 0.3% | 0.2% |
| RBA | 0.1% | 0.2% | 0.2% |
| CNR | 0.2% | 0.0% | 0.2% |
| H | 0.0% | 0.1% | 0.0% |
| CCO | 0.2% | 0.0% | 0.2% |
| MG | 0.1% | 0.0% | 0.1% |
Where SCHF and TSPS 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 | SCHF | TSPS | Δ |
|---|---|---|---|
| Unclassified | 95.9% | 1.0% | +94.9pp |
| Industrials | 0.3% | 19.8% | −19.5pp |
| Information Technology | 0.0% | 17.6% | −17.6pp |
| Health Care | 0.0% | 13.2% | −13.2pp |
| Financials | 1.9% | 13.9% | −12.0pp |
| Consumer Discretionary | 0.2% | 8.8% | −8.6pp |
| Real Estate | 0.0% | 4.8% | −4.8pp |
| Communication Services | 0.2% | 4.5% | −4.3pp |
Δ is SCHF minus TSPS, 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
98.7% of SCHF by weight, held in no part of TSPS.
95.5% of TSPS by weight, held in no part of SCHF.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SCHF | TSPS | |
|---|---|---|
| Top 10 holdings | 14.8% | 10.6% |
| Positions held | 1,477 | 3,327 |
| 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 SCHF and TSPS overlap?
SCHF and TSPS overlap 0.8% by portfolio weight — largely distinct portfolios. They share 7 holdings. The figure comes from current issuer holdings files (SCHF as of 2026-05-31, TSPS as of 2026-06-30).
How is the overlap between SCHF and TSPS calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SCHF holds a stock at 6% and TSPS 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 SCHF and TSPS?
That depends on your goals — we state facts, not advice. At 0.8% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHF own that TSPS doesn't?
SCHF holds 1,477 positions and TSPS holds 3,327; 1,469 of SCHF's positions don't appear in TSPS at all, and they are 98.7% of SCHF by weight.
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Related comparisons
Sources: issuer holdings files, SCHF as of 2026-05-31, TSPS as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.