SCHA vs SCHM: Holdings Overlap
Schwab · 1705 holdings · $23.3B · as of 2026-05-31
Schwab · 496 holdings · $15.1B · as of 2026-05-31
How similar are SCHA and SCHM?
Schwab U.S. Small-Cap ETF (SCHA, by Schwab) holds 1705 positions; Schwab U.S. Mid-Cap ETF (SCHM, by Schwab) holds 496. They have 204 holdings in common, and by portfolio weight the two funds are 31.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 204SCHA holds 1705 · SCHM holds 496
- Weight in Shared Holdings
- SCHA 36%·SCHM 32%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 SCHA
1501 of 1705 positions (63.6% of the fund) are not held by SCHM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHA | SCHM |
|---|---|---|
| Industrials | 17.7% | 22.5% |
| Information Technology | 22.1% | 20.2% |
| Financials | 15.1% | 11.7% |
| Health Care | 13.4% | 10.8% |
| Consumer Discretionary | 9.3% | 9.5% |
| Other Sectors | 21.4% | 25.0% |
| Unclassified | 0.8% | 0.2% |
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 SCHA, 0% of SCHM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHA | +1.0% | +22.8% | +36.7% | +17.1% | +7.9% | +10.8% | 1.02% |
| SCHM | +1.6% | +20.7% | +28.9% | +15.8% | +8.2% | +11.2% | 1.22% |
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 SCHA vs SCHM →
Shared Holdings(204)
The top 10 shared positions account for 29% of the overlap, led by SNDK, LITE and RVMD.
 SNDKSandisk Corp/DE | 5.28% | 4.64% | 4.64% |
|---|---|---|---|
 LITELumentum Holdings Inc | 1.29% | 1.13% | 1.13% |
 RVMDRevolution Medicines Inc | 0.65% | 0.57% | 0.57% |
 STRLSterling Infrastructure Inc | 0.56% | 0.49% | 0.49% |
 ATIATI Inc | 0.50% | 0.44% | 0.44% |
 MTSIMACOM Technology Solutions Holdings Inc | 0.50% | 0.44% | 0.44% |
 NXTNextpower Inc | 0.49% | 0.43% | 0.43% |
 MKSIMKS Inc | 0.46% | 0.40% | 0.40% |
 CDECoeur Mining Inc | 0.42% | 0.37% | 0.37% |
 GHGuardant Health Inc | 0.35% | 0.31% | 0.31% |
 RMBSRambus Inc | 0.33% | 0.29% | 0.29% |
 DYDycom Industries Inc | 0.32% | 0.28% | 0.28% |
 PNFPPinnacle Financial Partners Inc | 0.31% | 0.27% | 0.27% |
 MODModine Manufacturing Co | 0.31% | 0.27% | 0.27% |
 MLIMueller Industries Inc | 0.30% | 0.27% | 0.27% |
 SOLSSolstice Advanced Materials Inc | 0.28% | 0.25% | 0.25% |
 ONTOOnto Innovation Inc | 0.27% | 0.24% | 0.24% |
 FIVEFive Below Inc | 0.26% | 0.23% | 0.23% |
 IOTSamsara Inc | 0.26% | 0.23% | 0.23% |
 IONSIonis Pharmaceuticals Inc | 0.26% | 0.23% | 0.23% |
 NYTNew York Times Co/The | 0.26% | 0.23% | 0.23% |
 LFUSLittelfuse Inc | 0.25% | 0.22% | 0.22% |
 AITApplied Industrial Technologies Inc | 0.24% | 0.21% | 0.21% |
 BBIOBridgebio Pharma Inc | 0.24% | 0.21% | 0.21% |
 SPXCSPX Technologies Inc | 0.23% | 0.20% | 0.20% |
Frequently Asked Questions
How much do SCHA and SCHM overlap?
SCHA and SCHM overlap by 31.8% of portfolio weight. They share 204 holdings (SCHA holds 1705 positions and SCHM holds 496), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHA and SCHM?
The two portfolios are 31.8% 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 SCHA and SCHM?
The largest positions held by both funds are SNDK, LITE, RVMD, STRL and ATI. Together the top 10 shared positions account for 29% of the total overlap.
What does SCHA own that SCHM doesn't?
1501 positions (63.6% of SCHA) are unique to SCHA, led by TTMI, ECHO and SITM. In the other direction, 292 positions (68.0% of SCHM) are unique to SCHM.