MGV vs SCHV: Holdings Overlap
MGVVanguard Mega Cap Value Index Fund
Vanguard · 120 holdings · $13.6B · as of 2026-05-31
SCHVSchwab U.S. Large-Cap Value ETF
Schwab · 555 holdings · $16.1B · as of 2026-05-31
How similar are MGV and SCHV?
Vanguard Mega Cap Value Index Fund (MGV, by Vanguard) holds 120 positions; Schwab U.S. Large-Cap Value ETF (SCHV, by Schwab) holds 555. They have 99 holdings in common, and by portfolio weight the two funds are 59.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 99MGV holds 120 · SCHV holds 555
- Weight in Shared Holdings
- MGV 85%·SCHV 60%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 MGV
21 of 120 positions (14.5% of the fund) are not held by SCHV.
Sector Breakdown
| Sector | MGV | SCHV |
|---|---|---|
| Financials | 21.6% | 18.9% |
| Information Technology | 18.0% | 21.3% |
| Health Care | 15.9% | 10.8% |
| Industrials | 13.6% | 14.0% |
| Consumer Staples | 11.0% | 8.3% |
| Other Sectors | 18.3% | 26.4% |
| Unclassified | 1.1% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (1% of MGV, 0% of SCHV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MGV | +1.6% | +19.3% | +30.6% | +18.7% | +13.1% | +13.0% | 1.83% |
| SCHV | +1.5% | +18.8% | +27.7% | +17.6% | +10.9% | +11.4% | 1.75% |
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 MGV vs SCHV →
Shared Holdings(99)
The top 10 shared positions account for 34% of the overlap, led by MU, BRK-B and JPM.
 MUMicron Technology Inc. COM | 5.26% | 3.54% | 3.54% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 3.15% | 2.82% | 2.82% |
 JPMJPMorgan Chase & Co. COM | 3.64% | 2.62% | 2.62% |
 XOMExxon Mobil Corp. COM | 2.91% | 1.97% | 1.97% |
 JNJJohnson & Johnson COM | 2.61% | 1.76% | 1.76% |
 INTCIntel Corporation COM | 2.20% | 1.75% | 1.75% |
 WMTWalmart Inc COM | 2.44% | 1.65% | 1.65% |
 CSCOCisco Systems, Inc. COM | 2.06% | 1.54% | 1.54% |
 CATCaterpillar Inc COM | 1.96% | 1.32% | 1.32% |
 ABBVAbbVie Inc. COM | 1.85% | 1.25% | 1.25% |
 AMATApplied Materials Inc. COM | 1.72% | 1.16% | 1.16% |
 BACBank of America Corp. COM | 1.60% | 1.11% | 1.11% |
 CVXChevron Corp. COM | 1.66% | 1.11% | 1.11% |
 PGThe Procter & Gamble Co. COM | 1.60% | 1.08% | 1.08% |
 HDHome Depot, Inc. (The) | 1.52% | 1.02% | 1.02% |
 GSGoldman Sachs Group, Inc. (The) | 1.39% | 1.00% | 1.00% |
 KOCoca-Cola Co (The) COM | 1.31% | 0.99% | 0.99% |
 MRKMerck & Co., Inc COM | 1.41% | 0.96% | 0.96% |
 IBMInternational Business Machines Corp. COM | 1.34% | 0.90% | 0.90% |
 TXNTexas Instruments Inc. COM | 1.33% | 0.90% | 0.90% |
 PMPhilip Morris International Inc. COM | 1.33% | 0.90% | 0.90% |
 QCOMQUALCOMM Inc. COM | 1.29% | 0.87% | 0.87% |
 MSMorgan Stanley COM NEW | 1.19% | 0.81% | 0.81% |
 RTXRTX Corp. COM | 1.16% | 0.78% | 0.78% |
 WFCWells Fargo & Co. COM | 1.15% | 0.78% | 0.78% |
Frequently Asked Questions
How much do MGV and SCHV overlap?
MGV and SCHV overlap by 59.6% of portfolio weight. They share 99 holdings (MGV holds 120 positions and SCHV holds 555), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MGV and SCHV?
The two portfolios are 59.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of MGV and SCHV?
The largest positions held by both funds are MU, BRK-B, JPM, XOM and JNJ. Together the top 10 shared positions account for 34% of the total overlap.
What does MGV own that SCHV doesn't?
21 positions (14.5% of MGV) are unique to MGV, led by COST, UNH and GE. In the other direction, 456 positions (39.6% of SCHV) are unique to SCHV.