SCHM vs VO: Holdings Overlap
Schwab · 496 holdings · $15.1B · as of 2026-05-31
Vanguard · 289 holdings · $109.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (SCHM: 2026-05-31, VO: 2026-03-31). 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 SCHM and VO?
Schwab U.S. Mid-Cap ETF (SCHM, by Schwab) holds 496 positions; Vanguard Mid-cap Index Fund (VO, by Vanguard) holds 289. They have 22 holdings in common, and by portfolio weight the two funds are 3.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22SCHM holds 496 · VO holds 289
- Weight in Shared Holdings
- SCHM 11%·VO 3%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 SCHM
474 of 496 positions (88.8% of the fund) are not held by VO. Showing the top 30 by weight.
Only in VO
267 of 289 positions (96.5% of the fund) are not held by SCHM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHM | VO |
|---|---|---|
| Industrials | 22.5% | 18.4% |
| Information Technology | 20.2% | 14.2% |
| Financials | 11.7% | 13.8% |
| Health Care | 10.8% | 8.3% |
| Consumer Discretionary | 9.5% | 9.3% |
| Other Sectors | 25.0% | 35.7% |
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 |
|---|---|---|---|---|---|---|---|
| SCHM | +1.6% | +20.7% | +28.9% | +15.8% | +8.2% | +11.2% | 1.22% |
| VO | +2.6% | +14.8% | +18.0% | +15.7% | +8.0% | +11.6% | 1.29% |
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 SCHM vs VO →
Shared Holdings(22)
The top 10 shared positions account for 70% of the overlap, led by CIEN, LITE and COHR.
 CIENCiena Corporation COM NEW | 1.52% | 0.30% | 0.30% |
|---|---|---|---|
 LITELumentum Holdings Inc. COM | 1.13% | 0.27% | 0.27% |
 COHRCoherent Corp COM | 1.26% | 0.24% | 0.24% |
 KEYKeyCorp COM | 0.37% | 0.24% | 0.24% |
 PKGPackaging Corporation of America COM | 0.36% | 0.21% | 0.21% |
 SNASnap-On Incorporated COM | 0.36% | 0.21% | 0.21% |
 LNTAlliant Energy Corporation COM | 0.34% | 0.20% | 0.20% |
 BEBloom Energy Corporation COM CL A | 1.36% | 0.20% | 0.20% |
 LLoews Corporation COM | 0.32% | 0.19% | 0.19% |
 TPLTexas Pacific Land Corporation COM | 0.42% | 0.15% | 0.15% |
 TWTradeweb Markets, Inc., Class A | 0.22% | 0.15% | 0.15% |
 STLDSteel Dynamics, Inc. COM | 0.66% | 0.14% | 0.14% |
 NINiSource Inc. COM | 0.41% | 0.12% | 0.12% |
 BURLBurlington Stores Inc. COM | 0.37% | 0.11% | 0.11% |
 EVRGEvergy Inc COM | 0.35% | 0.10% | 0.10% |
 CNCCentene Corp. COM | 0.52% | 0.09% | 0.09% |
 TRMBTrimble Inc COM | 0.25% | 0.08% | 0.08% |
 TKOTKO Group Holdings, Inc., Class A | 0.25% | 0.07% | 0.07% |
 PINSPinterest, Inc., Class A | 0.22% | 0.06% | 0.06% |
 OWLBlue Owl Capital, Inc., Class A | 0.12% | 0.03% | 0.03% |
 VGVenture Global, Inc., Class A | 0.11% | 0.01% | 0.01% |
 CRBGCorebridge Financial Inc. | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
How much do SCHM and VO overlap?
SCHM and VO overlap by 3.2% of portfolio weight. They share 22 holdings (SCHM holds 496 positions and VO holds 289), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHM and VO?
The two portfolios are 3.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SCHM and VO?
The largest positions held by both funds are CIEN, LITE, COHR, KEY and PKG. Together the top 10 shared positions account for 70% of the total overlap.
What does SCHM own that VO doesn't?
474 positions (88.8% of SCHM) are unique to SCHM, led by SNDK, FLEX and RVMD. In the other direction, 267 positions (96.5% of VO) are unique to VO.