SCHK vs SPY: Holdings Overlap
Schwab · 986 holdings · $5.7B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (SCHK: 2026-05-31, SPY: 2026-08-06). 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 SCHK and SPY?
Schwab 1000 Index ETF (SCHK, by Schwab) holds 986 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 496 holdings in common, and by portfolio weight the two funds are 89.9% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 89.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 496SCHK holds 986 · SPY holds 504
- Weight in Shared Holdings
- SCHK 91%·SPY 99%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 SCHK
490 of 986 positions (8.4% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHK | SPY |
|---|---|---|
| Information Technology | 37.2% | 37.6% |
| Financials | 11.5% | 12.3% |
| Communication Services | 10.1% | 9.7% |
| Consumer Discretionary | 9.7% | 9.3% |
| Industrials | 9.4% | 8.8% |
| Other Sectors | 22.1% | 22.3% |
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 |
|---|---|---|---|---|---|---|---|
| SCHK | +3.4% | +14.4% | +23.6% | +21.2% | +12.7% | — | 1.00% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SCHK vs SPY →
Shared Holdings(496)
The top 10 shared positions account for 40% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.29% | 8.00% | 7.29% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.51% | 6.92% | 6.51% |
 MSFTMicrosoft Corp. COM | 4.75% | 5.60% | 4.75% |
 AMZNAmazon.com, Inc. COM | 3.75% | 4.02% | 3.75% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.14% | 3.16% | 3.14% |
 AVGOBroadcom Inc COM | 3.01% | 3.00% | 3.00% |
 GOOGAlphabet Inc. CAP STK CL C | 2.50% | 2.54% | 2.50% |
 METAMeta Platforms, Inc., Class A | 1.96% | 1.95% | 1.95% |
 MUMicron Technology Inc. COM | 1.55% | 1.50% | 1.50% |
 TSLATesla Inc COM | 1.74% | 1.36% | 1.36% |
 LLYEli Lilly & Co. COM | 1.24% | 1.42% | 1.24% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.24% | 1.45% | 1.24% |
 AMDAdvanced Micro Devices Inc. COM | 1.19% | 1.20% | 1.19% |
 JPMJPMorgan Chase & Co. COM | 1.15% | 1.44% | 1.15% |
 VVisa, Inc., Class A | 0.78% | 0.93% | 0.78% |
 JNJJohnson & Johnson COM | 0.77% | 0.93% | 0.77% |
 WMTWalmart Inc COM | 0.72% | 0.74% | 0.72% |
 INTCIntel Corporation COM | 0.77% | 0.71% | 0.71% |
 CSCOCisco Systems, Inc. COM | 0.68% | 0.72% | 0.68% |
 COSTCostco Wholesale Corporation COM | 0.60% | 0.63% | 0.60% |
 CATCaterpillar Inc COM | 0.58% | 0.59% | 0.58% |
 MAMasterCard Incorporated CL A | 0.57% | 0.70% | 0.57% |
 LRCXLam Research Corporation COM NEW | 0.56% | 0.58% | 0.56% |
 ABBVAbbVie Inc. COM | 0.55% | 0.65% | 0.55% |
 PLTRPalantir Technologies, Inc., Class A | 0.51% | 0.54% | 0.51% |
Showing the top 250 of 496 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHK and SPY overlap?
SCHK and SPY overlap by 89.9% of portfolio weight. They share 496 holdings (SCHK holds 986 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHK and SPY?
The two portfolios are 89.9% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of SCHK and SPY?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 40% of the total overlap.
What does SCHK own that SPY doesn't?
490 positions (8.4% of SCHK) are unique to SCHK, led by XOM, HON and SNOW. In the other direction, 8 positions (1.2% of SPY) are unique to SPY.