SCHO vs SCHZ: Holdings Overlap
SCHOSchwab Short-Term U.S. Treasury ETF
Schwab · 96 holdings · $12.9B · as of 2026-03-31
SCHZSchwab U.S. Aggregate Bond ETF
Schwab · 12081 holdings · $10.5B · as of 2026-03-31
How similar are SCHO and SCHZ?
Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96 positions; Schwab U.S. Aggregate Bond ETF (SCHZ, by Schwab) holds 12081. They have 96 holdings in common, and by portfolio weight the two funds are 16.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 96SCHO holds 96 · SCHZ holds 12081
- Weight in Shared Holdings
- SCHO 99%·SCHZ 16%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 SCHO
Every position in SCHO is also held by SCHZ, so it brings nothing the other fund doesn’t already own.
Only in SCHZ
11985 of 12081 positions (82.4% of the fund) are not held by SCHO. Showing the top 30 by weight.
- U.S. Treasury Notes0.44%
- U.S. Treasury Notes0.39%
- U.S. Treasury Notes0.38%
- U.S. Treasury Notes0.38%
- U.S. Treasury Notes0.38%
- U.S. Treasury Notes0.38%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHO | +0.3% | +1.0% | +2.8% | +4.3% | +1.9% | +1.8% | 3.87% |
| SCHZ | -0.2% | +0.1% | +2.5% | +4.2% | -0.2% | +1.4% | 4.20% |
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 SCHO vs SCHZ →
Shared Holdings(96)
The top 10 shared positions account for 16% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 1.37% | 0.36% | 0.36% |
|---|---|---|---|
| U.S. Treasury Notes | 2.22% | 0.28% | 0.28% |
| U.S. Treasury Notes | 1.15% | 0.26% | 0.26% |
| U.S. Treasury Notes | 1.15% | 0.26% | 0.26% |
| U.S. Treasury Notes | 1.15% | 0.26% | 0.26% |
| U.S. Treasury Notes | 1.37% | 0.25% | 0.25% |
| U.S. Treasury Notes | 1.15% | 0.24% | 0.24% |
| U.S. Treasury Notes | 1.38% | 0.24% | 0.24% |
| U.S. Treasury Notes | 1.37% | 0.24% | 0.24% |
| U.S. Treasury Notes | 1.15% | 0.23% | 0.23% |
| U.S. Treasury Notes | 1.17% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.29% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.15% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.37% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.37% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.11% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.38% | 0.22% | 0.22% |
| U.S. Treasury Notes | 1.38% | 0.21% | 0.21% |
| U.S. Treasury Notes | 1.37% | 0.21% | 0.21% |
| U.S. Treasury Notes | 1.38% | 0.21% | 0.21% |
| U.S. Treasury Notes | 1.15% | 0.21% | 0.21% |
| U.S. Treasury Notes | 1.37% | 0.20% | 0.20% |
| U.S. Treasury Notes | 1.22% | 0.20% | 0.20% |
| U.S. Treasury Notes | 1.16% | 0.19% | 0.19% |
| U.S. Treasury Notes | 1.22% | 0.19% | 0.19% |
Frequently Asked Questions
How much do SCHO and SCHZ overlap?
SCHO and SCHZ overlap by 16.2% of portfolio weight. They share 96 holdings (SCHO holds 96 positions and SCHZ holds 12081), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHO and SCHZ?
The two portfolios are 16.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SCHO and SCHZ?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. Together the top 10 shared positions account for 16% of the total overlap.
What does SCHO own that SCHZ doesn't?
Nothing. Every position in SCHO is also held by SCHZ. In the other direction, 11985 positions (82.4% of SCHZ) are unique to SCHZ.