SCHG vs XLG: Holdings Overlap
SCHGSchwab U.S. Large-Cap Growth ETF
Schwab · 193 holdings · $62.4B · as of 2026-05-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHG: 2026-05-31, XLG: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are SCHG and XLG?
Schwab U.S. Large-Cap Growth ETF (SCHG, by Schwab) holds 193 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 25 holdings in common, and by portfolio weight the two funds are 66.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 66.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25SCHG holds 193 · XLG holds 51
- Weight in Shared Holdings
- SCHG 74%·XLG 75%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 SCHG
168 of 193 positions (26.4% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHG | XLG |
|---|---|---|
| Information Technology | 45.9% | 43.7% |
| Communication Services | 15.3% | 17.0% |
| Consumer Discretionary | 12.3% | 11.3% |
| Financials | 6.8% | 9.6% |
| Health Care | 8.4% | 7.0% |
| Other Sectors | 11.2% | 11.0% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHG | +4.3% | +9.9% | +19.1% | +24.1% | +14.0% | +18.6% | 0.37% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 SCHG vs XLG →
Shared Holdings(25)
The top 10 shared positions account for 82% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 11.01% | 13.04% | 11.01% |
|---|---|---|---|
 AAPLApple Inc. | 9.83% | 10.71% | 9.83% |
 MSFTMicrosoft Corp. | 7.17% | 8.14% | 7.17% |
 AMZNAmazon.com, Inc. | 5.67% | 6.96% | 5.67% |
 GOOGLAlphabet Inc., Class A | 4.75% | 6.03% | 4.75% |
 AVGOBroadcom Inc. | 4.55% | 4.83% | 4.55% |
 GOOGAlphabet Inc., Class C | 3.78% | 4.80% | 3.78% |
 METAMeta Platforms, Inc., Class A | 3.45% | 3.60% | 3.45% |
 TSLATesla, Inc. | 3.91% | 2.89% | 2.89% |
 LLYEli Lilly and Co. | 3.05% | 1.99% | 1.99% |
 AMDAdvanced Micro Devices, Inc. | 2.93% | 1.55% | 1.55% |
 VVisa Inc., Class A | 1.92% | 1.49% | 1.49% |
 COSTCostco Wholesale Corp. | 1.48% | 1.21% | 1.21% |
 MAMastercard Inc., Class A | 1.40% | 1.10% | 1.10% |
 NFLXNetflix, Inc. | 1.27% | 1.06% | 1.06% |
 UNHUnitedHealth Group Inc. | 1.20% | 0.90% | 0.90% |
 PLTRPalantir Technologies Inc., Class A | 1.25% | 0.85% | 0.85% |
 GEGeneral Electric Co. | 1.18% | 0.82% | 0.82% |
 LINLinde PLC | 0.81% | 0.63% | 0.63% |
 DISWalt Disney Co. (The) | 0.63% | 0.49% | 0.49% |
 CRMSalesforce, Inc. | 0.62% | 0.45% | 0.45% |
 ISRGIntuitive Surgical, Inc. | 0.53% | 0.44% | 0.44% |
 INTUIntuit Inc. | 0.32% | 0.29% | 0.29% |
 ADBEAdobe Inc. | 0.37% | 0.27% | 0.27% |
 NOWServiceNow, Inc. | 0.45% | 0.25% | 0.25% |
Frequently Asked Questions
How much do SCHG and XLG overlap?
SCHG and XLG overlap by 66.9% of portfolio weight. They share 25 holdings (SCHG holds 193 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHG and XLG?
The two portfolios are 66.9% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of SCHG and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 82% of the total overlap.
What does SCHG own that XLG doesn't?
168 positions (26.4% of SCHG) are unique to SCHG, led by GEV, KLAC and PANW. In the other direction, 26 positions (24.8% of XLG) are unique to XLG.