SWTSX vs VOOG: 58% overlap

Schwab Total Stock Market Index and Vanguard S&P 500 Growth ETF share 57.5% 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 — SWTSX as of 2026-04-30, 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.

Hold both, 50/50
1.4Effective Funds

You would hold two tickers and get the diversification of 1.4. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
57.5%
SWTSX expense ratio
0.03%
VOOG expense ratio
0.07%

Top shared holdings

SWTSX and VOOG hold 137 of the same securities. The ten contributing most to the overlap figure:

Holdingin SWTSXin VOOGΔ
NVDA6.9%13.7%6.7%
AAPL5.7%6.0%0.3%
MSFT4.3%7.8%3.5%
AMZN3.7%3.5%0.2%
GOOGL3.2%5.9%2.7%
AVGO2.8%5.0%2.2%
GOOG2.6%4.7%2.2%
META1.9%3.5%1.6%
TSLA1.5%2.1%0.5%
BRK-B1.2%2.6%1.3%

Where SWTSX and VOOG 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.

SectorSWTSXVOOGΔ
Information Technology32.3%52.2%20.0pp
Communication Services10.1%15.2%5.1pp
Consumer Staples4.6%1.1%+3.5pp
Energy3.5%0.0%+3.5pp
Unclassified3.4%0.0%+3.4pp
Financials11.9%8.5%+3.3pp
Industrials9.4%6.9%+2.5pp
Health Care8.7%6.2%+2.5pp

Δ is SWTSX minus VOOG, 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 SWTSX
2,801 positions

41.6% of SWTSX by weight, held in no part of VOOG.

Only in VOOG
11 positions

1.4% of VOOG by weight, held in no part of SWTSX.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

SWTSXVOOG
Top 10 holdings33.9%56.4%
Positions held2,939148
Cost per $10,000 held, per year$3$7

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 SWTSX and VOOG overlap?

SWTSX and VOOG overlap 57.5% by portfolio weight — substantial duplication if you hold both. They share 137 holdings. The figure comes from current issuer holdings files (SWTSX as of 2026-04-30, VOOG as of 2026-06-30).

How is the overlap between SWTSX and VOOG calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SWTSX holds a stock at 6% and VOOG 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 SWTSX and VOOG?

That depends on your goals — we state facts, not advice. At 57.5% overlap, each fund still contributes meaningfully distinct exposure.

What does SWTSX own that VOOG doesn't?

SWTSX holds 2,939 positions and VOOG holds 148; 2,801 of SWTSX's positions don't appear in VOOG at all, and they are 41.6% of SWTSX by weight.

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Related comparisons

Sources: issuer holdings files, SWTSX as of 2026-04-30, VOOG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.