FLCB vs SCHQ: Holdings Overlap
FLCBFranklin U.S. Core Bond ETF
Franklin Templeton · 523 holdings · $3.0B · as of 2026-03-31
SCHQSchwab Long-Term U.S. Treasury ETF
Schwab · 97 holdings · $793M · as of 2026-03-31
How similar are FLCB and SCHQ?
Franklin U.S. Core Bond ETF (FLCB, by Franklin Templeton) holds 523 positions; Schwab Long-Term U.S. Treasury ETF (SCHQ, by Schwab) holds 97. They have 23 holdings in common, and by portfolio weight the two funds are 10.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23FLCB holds 523 · SCHQ holds 97
- Weight in Shared Holdings
- FLCB 12%·SCHQ 28%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FLCB
500 of 523 positions (88.3% of the fund) are not held by SCHQ. Showing the top 30 by weight.
- T 1.25 12/31/266.01%
- U.S. Treasury Notes4.27%
- Uniform Mortgage-Backed Security, TBA2.38%
- U.S. Treasury Notes2.18%
- U.S. Treasury Notes2.07%
- U.S. Treasury Notes1.49%
Only in SCHQ
74 of 97 positions (71.3% of the fund) are not held by FLCB. Showing the top 30 by weight.
- U.S. Treasury Bonds2.28%
- U.S. Treasury Bonds2.24%
- U.S. Treasury Bonds2.24%
- U.S. Treasury Bonds2.24%
- U.S. Treasury Bonds2.19%
- U.S. Treasury Bonds2.18%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FLCB | -0.2% | +0.1% | +2.6% | +4.3% | -0.3% | — | 4.38% |
| SCHQ | -1.5% | -2.3% | -0.6% | +0.4% | -6.7% | — | 4.90% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FLCB vs SCHQ →
Shared Holdings(23)
The top 10 shared positions account for 72% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 1.39% | 1.12% | 1.12% |
|---|---|---|---|
| U.S. Treasury Bonds | 1.07% | 1.15% | 1.07% |
| U.S. Treasury Bonds | 1.05% | 2.29% | 1.05% |
| U.S. Treasury Bonds | 0.98% | 1.47% | 0.98% |
| U.S. Treasury Bonds | 0.88% | 0.97% | 0.88% |
| U.S. Treasury Bonds | 1.00% | 0.63% | 0.63% |
| U.S. Treasury Bonds | 0.55% | 0.92% | 0.55% |
| U.S. Treasury Bonds | 0.50% | 1.55% | 0.50% |
| U.S. Treasury Bonds | 0.48% | 1.88% | 0.48% |
| U.S. Treasury Bonds | 0.46% | 1.04% | 0.46% |
| U.S. Treasury Bonds | 0.42% | 1.43% | 0.42% |
| U.S. Treasury Bonds | 0.53% | 0.40% | 0.40% |
| U.S. Treasury Bonds | 0.38% | 2.10% | 0.38% |
| U.S. Treasury Bonds | 0.34% | 0.58% | 0.34% |
| U.S. Treasury Bonds | 0.32% | 1.01% | 0.32% |
| U.S. Treasury Bonds | 0.28% | 1.55% | 0.28% |
| U.S. Treasury Bonds | 0.23% | 0.71% | 0.23% |
| U.S. Treasury Bonds | 0.23% | 1.29% | 0.23% |
| U.S. Treasury Bonds | 0.18% | 0.78% | 0.18% |
| U.S. Treasury Bonds | 0.09% | 1.29% | 0.09% |
| U.S. Treasury Bonds | 0.07% | 0.77% | 0.07% |
| U.S. Treasury Bonds | 0.07% | 1.41% | 0.07% |
| U.S. Treasury Bonds | 0.04% | 1.40% | 0.04% |
Frequently Asked Questions
How much do FLCB and SCHQ overlap?
FLCB and SCHQ overlap by 10.8% of portfolio weight. They share 23 holdings (FLCB holds 523 positions and SCHQ holds 97), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FLCB and SCHQ?
The two portfolios are 10.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FLCB and SCHQ?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 72% of the total overlap.
What does FLCB own that SCHQ doesn't?
500 positions (88.3% of FLCB) are unique to FLCB, led by T 1.25 12/31/26, U.S. Treasury Notes and Uniform Mortgage-Backed Security, TBA. In the other direction, 74 positions (71.3% of SCHQ) are unique to SCHQ.