SCHG vs SCHX: 55% overlap
Schwab U.S. Large-Cap Growth ETF and Schwab U.S. Large-Cap ETF share 54.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHG and SCHX hold 194 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHG | in SCHX | Δ |
|---|---|---|---|
| NVDA | 11.0% | 7.5% | 3.5% |
| AAPL | 9.8% | 6.7% | 3.1% |
| MSFT | 7.2% | 4.9% | 2.3% |
| AMZN | 5.7% | 3.9% | 1.8% |
| GOOGL | 4.8% | 3.2% | 1.5% |
| AVGO | 4.5% | 3.1% | 1.5% |
| GOOG | 3.8% | 2.6% | 1.2% |
| META | 3.5% | 2.0% | 1.4% |
| TSLA | 3.9% | 1.8% | 2.1% |
| LLY | 3.1% | 1.3% | 1.8% |
Where SCHG and SCHX 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 | SCHG | SCHX | Δ |
|---|---|---|---|
| Information Technology | 46.1% | 36.8% | +9.3pp |
| Communication Services | 14.7% | 10.1% | +4.6pp |
| Financials | 6.8% | 10.9% | −4.2pp |
| Consumer Discretionary | 12.1% | 9.4% | +2.8pp |
| Consumer Staples | 1.7% | 4.4% | −2.7pp |
| Energy | 0.7% | 3.2% | −2.4pp |
| Industrials | 6.0% | 8.2% | −2.2pp |
| Utilities | 0.4% | 2.0% | −1.6pp |
Δ is SCHG minus SCHX, 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
0.0% of SCHG by weight, held in no part of SCHX.
45.0% of SCHX by weight, held in no part of SCHG.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SCHG | SCHX | |
|---|---|---|
| Top 10 holdings | 57.2% | 37.3% |
| Positions held | 195 | 750 |
| Cost per $10,000 held, per year | $4 | $3 |
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 SCHG and SCHX overlap?
SCHG and SCHX overlap 54.9% by portfolio weight — substantial duplication if you hold both. They share 194 holdings. The figure comes from current issuer holdings files (SCHG as of 2026-05-31, SCHX as of 2026-05-31).
How is the overlap between SCHG and SCHX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SCHG holds a stock at 6% and SCHX 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 SCHG and SCHX?
That depends on your goals — we state facts, not advice. At 54.9% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHG own that SCHX doesn't?
SCHG holds 195 positions and SCHX holds 750; 0 of SCHG's positions don't appear in SCHX at all, and they are 0.0% of SCHG by weight.
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Related comparisons
Sources: issuer holdings files, SCHG as of 2026-05-31, SCHX as of 2026-05-31. Weights are fractions of each fund. Diagnostics, not advice.