SCHG vs VUG: 78% overlap
Schwab U.S. Large-Cap Growth ETF and Vanguard Growth ETF share 78.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 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 1.2. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHG and VUG hold 92 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHG | in VUG | Δ |
|---|---|---|---|
| NVDA | 11.0% | 12.6% | 1.6% |
| AAPL | 9.8% | 11.6% | 1.8% |
| MSFT | 7.2% | 7.6% | 0.4% |
| GOOGL | 4.8% | 5.7% | 1.0% |
| AMZN | 5.7% | 4.5% | 1.2% |
| AVGO | 4.5% | 4.3% | 0.3% |
| GOOG | 3.8% | 4.5% | 0.7% |
| META | 3.5% | 3.4% | 0.1% |
| TSLA | 3.9% | 3.3% | 0.7% |
| LLY | 3.1% | 2.8% | 0.3% |
Where SCHG and VUG 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 | VUG | Δ |
|---|---|---|---|
| Information Technology | 46.1% | 56.0% | −9.9pp |
| Health Care | 8.3% | 4.7% | +3.7pp |
| Financials | 6.8% | 3.9% | +2.8pp |
| Unclassified | 1.9% | 0.1% | +1.8pp |
| Industrials | 6.0% | 5.0% | +1.0pp |
| Consumer Discretionary | 12.1% | 11.4% | +0.7pp |
| Communication Services | 14.7% | 15.3% | −0.6pp |
| Real Estate | 0.5% | 1.0% | −0.5pp |
Δ is SCHG minus VUG, 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
13.2% of SCHG by weight, held in no part of VUG.
15.9% of VUG 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 | VUG | |
|---|---|---|
| Top 10 holdings | 57.2% | 60.3% |
| Positions held | 195 | 147 |
| 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 VUG overlap?
SCHG and VUG overlap 78.1% by portfolio weight — substantial duplication if you hold both. They share 92 holdings. The figure comes from current issuer holdings files (SCHG as of 2026-05-31, VUG as of 2026-06-30).
How is the overlap between SCHG and VUG 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 VUG 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 VUG?
That depends on your goals — we state facts, not advice. At 78.1% overlap, most of what one fund holds, the other holds too. Expense ratios: SCHG 0.04% versus VUG 0.03%.
What does SCHG own that VUG doesn't?
SCHG holds 195 positions and VUG holds 147; 102 of SCHG's positions don't appear in VUG at all, and they are 13.2% of SCHG by weight.
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Related comparisons
Sources: issuer holdings files, SCHG as of 2026-05-31, VUG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.