SCHV vs SPY: Holdings Overlap
SCHVSchwab U.S. Large-Cap Value ETF
Schwab · 555 holdings · $16.1B · 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 (SCHV: 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 SCHV and SPY?
Schwab U.S. Large-Cap Value ETF (SCHV, by Schwab) holds 555 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 372 holdings in common, and by portfolio weight the two funds are 43.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 43.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 372SCHV holds 555 · SPY holds 504
- Weight in Shared Holdings
- SCHV 90%·SPY 43%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 SCHV
183 of 555 positions (9.5% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHV | SPY |
|---|---|---|
| Information Technology | 21.3% | 37.6% |
| Financials | 18.9% | 12.3% |
| Industrials | 14.0% | 8.8% |
| Health Care | 10.8% | 8.9% |
| Communication Services | 2.4% | 9.7% |
| Other Sectors | 32.2% | 22.6% |
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 |
|---|---|---|---|---|---|---|---|
| SCHV | +1.5% | +18.8% | +27.7% | +17.6% | +10.9% | +11.4% | 1.75% |
| 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 SCHV vs SPY →
Shared Holdings(372)
The top 10 shared positions account for 22% of the overlap, led by MU, BRK-B and JPM.
 MUMicron Technology Inc. COM | 3.54% | 1.50% | 1.50% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 2.82% | 1.45% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 2.62% | 1.44% | 1.44% |
 JNJJohnson & Johnson COM | 1.76% | 0.93% | 0.93% |
 WMTWalmart Inc COM | 1.65% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 1.54% | 0.72% | 0.72% |
 INTCIntel Corporation COM | 1.75% | 0.71% | 0.71% |
 ABBVAbbVie Inc. COM | 1.25% | 0.65% | 0.65% |
 AMATApplied Materials Inc. COM | 1.16% | 0.63% | 0.63% |
 BACBank of America Corp. COM | 1.11% | 0.62% | 0.62% |
 CATCaterpillar Inc COM | 1.32% | 0.59% | 0.59% |
 LRCXLam Research Corporation COM NEW | 1.29% | 0.58% | 0.58% |
 CVXChevron Corp. COM | 1.11% | 0.53% | 0.53% |
 HDHome Depot, Inc. (The) | 1.02% | 0.52% | 0.52% |
 PGThe Procter & Gamble Co. COM | 1.08% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 0.99% | 0.51% | 0.51% |
 MRKMerck & Co., Inc COM | 0.96% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 1.00% | 0.46% | 0.46% |
 RTXRTX Corp. COM | 0.78% | 0.45% | 0.45% |
 PMPhilip Morris International Inc. COM | 0.90% | 0.44% | 0.44% |
 WFCWells Fargo & Co. COM | 0.78% | 0.40% | 0.40% |
 MSMorgan Stanley COM NEW | 0.81% | 0.39% | 0.39% |
 TXNTexas Instruments Inc. COM | 0.90% | 0.38% | 0.38% |
 ORCLOracle Corp. COM | 1.24% | 0.37% | 0.37% |
 CCitigroup Inc. COM NEW | 0.71% | 0.34% | 0.34% |
Showing the top 250 of 372 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHV and SPY overlap?
SCHV and SPY overlap by 43.4% of portfolio weight. They share 372 holdings (SCHV holds 555 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHV and SPY?
The two portfolios are 43.4% 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 SCHV and SPY?
The largest positions held by both funds are MU, BRK-B, JPM, JNJ and WMT. Together the top 10 shared positions account for 22% of the total overlap.
What does SCHV own that SPY doesn't?
183 positions (9.5% of SCHV) are unique to SCHV, led by XOM, HON and BE. In the other direction, 132 positions (56.5% of SPY) are unique to SPY.