SCHG vs VYM: 9% overlap
Schwab U.S. Large-Cap Growth ETF and Vanguard High Dividend Yield ETF share 9.0% 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SCHG and VYM hold 20 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SCHG | in VYM | Δ |
|---|---|---|---|
| AVGO | 4.5% | 7.3% | 2.7% |
| UNH | 1.2% | 1.6% | 0.4% |
| DIS | 0.6% | 0.7% | 0.1% |
| BLK | 0.5% | 0.6% | 0.1% |
| PGR | 0.4% | 0.5% | 0.1% |
| TMUS | 0.3% | 0.3% | 0.0% |
| PSX | 0.2% | 0.3% | 0.0% |
| BKR | 0.2% | 0.2% | 0.0% |
| APO | 0.2% | 0.2% | 0.0% |
| TRGP | 0.2% | 0.2% | 0.0% |
Where SCHG and VYM 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 | VYM | Δ |
|---|---|---|---|
| Information Technology | 46.1% | 16.7% | +29.4pp |
| Financials | 6.8% | 20.9% | −14.2pp |
| Communication Services | 14.7% | 3.1% | +11.7pp |
| Energy | 0.7% | 8.5% | −7.8pp |
| Industrials | 6.0% | 13.2% | −7.2pp |
| Consumer Staples | 1.7% | 8.0% | −6.3pp |
| Consumer Discretionary | 12.1% | 6.4% | +5.7pp |
| Utilities | 0.4% | 5.7% | −5.3pp |
Δ is SCHG minus VYM, 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
90.9% of SCHG by weight, held in no part of VYM.
86.9% of VYM 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 | VYM | |
|---|---|---|
| Top 10 holdings | 57.2% | 26.0% |
| Positions held | 195 | 606 |
| 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 VYM overlap?
SCHG and VYM overlap 9.0% by portfolio weight — largely distinct portfolios. They share 20 holdings. The figure comes from current issuer holdings files (SCHG as of 2026-05-31, VYM as of 2026-06-30).
How is the overlap between SCHG and VYM 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 VYM 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 VYM?
That depends on your goals — we state facts, not advice. At 9.0% overlap, each fund still contributes meaningfully distinct exposure.
What does SCHG own that VYM doesn't?
SCHG holds 195 positions and VYM holds 606; 174 of SCHG's positions don't appear in VYM at all, and they are 90.9% of SCHG by weight.
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Related comparisons
Sources: issuer holdings files, SCHG as of 2026-05-31, VYM as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.