SCHG vs VIG: 27% overlap
Schwab U.S. Large-Cap Growth ETF and Vanguard Dividend Appreciation ETF share 26.7% 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 — SCHG 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHG and VIG hold 38 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHG | in VIG | Δ |
|---|---|---|---|
| AVGO | 4.5% | 4.5% | 0.0% |
| AAPL | 9.8% | 4.2% | 5.6% |
| MSFT | 7.2% | 3.5% | 3.7% |
| LLY | 3.1% | 4.1% | 1.1% |
| V | 1.9% | 2.3% | 0.4% |
| COST | 1.5% | 1.8% | 0.3% |
| MA | 1.4% | 1.8% | 0.4% |
| UNH | 1.2% | 1.6% | 0.4% |
| KLAC | 0.9% | 1.7% | 0.8% |
| BLK | 0.5% | 0.6% | 0.1% |
Where SCHG and VIG 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 | VIG | Δ |
|---|---|---|---|
| Information Technology | 46.1% | 26.3% | +19.8pp |
| Communication Services | 14.7% | 0.0% | +14.7pp |
| Financials | 6.8% | 20.2% | −13.4pp |
| Health Care | 8.3% | 17.7% | −9.3pp |
| Consumer Discretionary | 12.1% | 4.3% | +7.8pp |
| Consumer Staples | 1.7% | 9.3% | −7.6pp |
| Industrials | 6.0% | 12.2% | −6.2pp |
| Materials | 0.6% | 3.4% | −2.8pp |
Δ is SCHG minus VIG, 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
63.9% of SCHG by weight, held in no part of VIG.
68.2% of VIG 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 | VIG | |
|---|---|---|
| Top 10 holdings | 57.2% | 31.9% |
| Positions held | 195 | 333 |
| Cost per $10,000 held, per year | $4 | $4 |
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 VIG overlap?
SCHG and VIG overlap 26.7% by portfolio weight — moderate overlap. They share 38 holdings. The figure comes from current issuer holdings files (SCHG as of 2026-05-31, VIG as of 2026-06-30).
How is the overlap between SCHG and VIG 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 VIG 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 VIG?
That depends on your goals — we state facts, not advice. At 26.7% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHG own that VIG doesn't?
SCHG holds 195 positions and VIG holds 333; 156 of SCHG's positions don't appear in VIG at all, and they are 63.9% of SCHG by weight.
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Related comparisons
Sources: issuer holdings files, SCHG as of 2026-05-31, VIG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.