SCHG vs SOXX: 17% overlap

Schwab U.S. Large-Cap Growth ETF and iShares Semiconductor ETF share 17.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Different holding dates. These holdings were published about 2 months apart — SCHG as of 2026-05-31, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.

Hold both, 50/50
1.8Effective Funds

You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
17.1%
SCHG expense ratio
0.04%
SOXX expense ratio
0.34%

Top shared holdings

SCHG and SOXX hold 7 of the same securities. The ten contributing most to the overlap figure:

Holdingin SCHGin SOXXΔ
NVDA11.0%8.3%2.7%
AVGO4.5%7.3%2.8%
AMD2.9%8.7%5.8%
KLAC0.9%4.8%3.9%
MPWR0.3%3.4%3.2%
ALAB0.2%2.4%2.2%
CASH0.1%0.1%0.1%

Where SCHG and SOXX 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.

SectorSCHGSOXXΔ
Information Technology46.1%99.9%53.8pp
Communication Services14.7%0.0%+14.7pp
Consumer Discretionary12.1%0.0%+12.1pp
Health Care8.3%0.0%+8.3pp
Financials6.8%0.0%+6.8pp
Industrials6.0%0.0%+6.0pp
Unclassified1.9%0.0%+1.9pp
Consumer Staples1.7%0.0%+1.7pp

Δ is SCHG minus SOXX, 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

Only in SCHG
187 positions

80.1% of SCHG by weight, held in no part of SOXX.

Only in SOXX
24 positions

65.0% of SOXX 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

SCHGSOXX
Top 10 holdings57.2%60.9%
Positions held19532
Cost per $10,000 held, per year$4$34

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 SOXX overlap?

SCHG and SOXX overlap 17.1% by portfolio weight — moderate overlap. They share 7 holdings. The figure comes from current issuer holdings files (SCHG as of 2026-05-31, SOXX as of 2026-07-23).

How is the overlap between SCHG and SOXX 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 SOXX 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 SOXX?

That depends on your goals — we state facts, not advice. At 17.1% overlap, each fund still contributes meaningfully distinct exposure.

What does SCHG own that SOXX doesn't?

SCHG holds 195 positions and SOXX holds 32; 187 of SCHG's positions don't appear in SOXX at all, and they are 80.1% of SCHG by weight.

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Related comparisons

Sources: issuer holdings files, SCHG as of 2026-05-31, SOXX as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.