SCHF vs VTIVX: 3% overlap
Schwab International Equity ETF and Vanguard Target Retirement 2045 share 2.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — VTIVX as of 2026-03-31, 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 VTIVX hold 82 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHF | in VTIVX | Δ |
|---|---|---|---|
| CASH | 0.5% | 1.9% | 1.4% |
| RY | 0.9% | 0.2% | 0.7% |
| TD | 0.6% | 0.2% | 0.5% |
| BN | 0.3% | 0.1% | 0.2% |
| SHOP | 0.5% | 0.1% | 0.4% |
| BMO | 0.4% | 0.1% | 0.3% |
| ENB | 0.4% | 0.1% | 0.3% |
| BNS | 0.3% | 0.1% | 0.3% |
| CM | 0.3% | 0.1% | 0.3% |
| CNQ | 0.3% | 0.1% | 0.3% |
Where SCHF and VTIVX 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 | VTIVX | Δ |
|---|---|---|---|
| Unclassified | 95.9% | 8.0% | +87.8pp |
| Information Technology | 0.0% | 23.8% | −23.8pp |
| Financials | 1.9% | 13.3% | −11.4pp |
| Industrials | 0.3% | 9.6% | −9.2pp |
| Consumer Discretionary | 0.2% | 6.9% | −6.7pp |
| Health Care | 0.0% | 6.3% | −6.3pp |
| Treasuries | 0.0% | 6.2% | −6.2pp |
| Communication Services | 0.2% | 5.4% | −5.3pp |
Δ is SCHF minus VTIVX, 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
89.2% of SCHF by weight, held in no part of VTIVX.
95.7% of VTIVX 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 | VTIVX | |
|---|---|---|
| Top 10 holdings | 14.8% | 21.4% |
| Positions held | 1,477 | 6 |
| Cost per $10,000 held, per year | $6 | $8 |
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 VTIVX overlap?
SCHF and VTIVX overlap 2.9% by portfolio weight — largely distinct portfolios. They share 82 holdings. The figure comes from current issuer holdings files (SCHF as of 2026-05-31, VTIVX as of 2026-03-31).
How is the overlap between SCHF and VTIVX 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 VTIVX 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 VTIVX?
That depends on your goals — we state facts, not advice. At 2.9% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHF own that VTIVX doesn't?
SCHF holds 1,477 positions and VTIVX holds 6; 1,394 of SCHF's positions don't appear in VTIVX at all, and they are 89.2% of SCHF by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, SCHF as of 2026-05-31, VTIVX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.