SCHX vs XLG: Holdings Overlap
Schwab · 748 holdings · $74.3B · as of 2026-05-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHX: 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 SCHX and XLG?
Schwab U.S. Large-Cap ETF (SCHX, by Schwab) holds 748 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 51 holdings in common, and by portfolio weight the two funds are 57.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 51SCHX holds 748 · XLG holds 51
- Weight in Shared Holdings
- SCHX 57%·XLG 100%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 SCHX
697 of 748 positions (42.4% of the fund) are not held by XLG. Showing the top 30 by weight.
Only in XLG
Every position in XLG is also held by SCHX, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | SCHX | XLG |
|---|---|---|
| Information Technology | 37.4% | 43.7% |
| Communication Services | 10.3% | 17.0% |
| Financials | 11.4% | 9.6% |
| Consumer Discretionary | 9.7% | 11.3% |
| Industrials | 9.1% | 1.9% |
| Other Sectors | 22.0% | 16.1% |
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 |
|---|---|---|---|---|---|---|---|
| SCHX | +3.5% | +14.0% | +23.2% | +21.2% | +12.8% | +15.3% | 0.99% |
| 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 SCHX vs XLG →
Shared Holdings(51)
The top 10 shared positions account for 64% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 7.50% | 13.04% | 7.50% |
|---|---|---|---|
 AAPLApple Inc. | 6.69% | 10.71% | 6.69% |
 MSFTMicrosoft Corp. | 4.88% | 8.14% | 4.88% |
 AMZNAmazon.com, Inc. | 3.86% | 6.96% | 3.86% |
 GOOGLAlphabet Inc., Class A | 3.23% | 6.03% | 3.23% |
 AVGOBroadcom Inc. | 3.10% | 4.83% | 3.10% |
 GOOGAlphabet Inc., Class C | 2.57% | 4.80% | 2.57% |
 METAMeta Platforms, Inc., Class A | 2.02% | 3.60% | 2.02% |
 TSLATesla, Inc. | 1.79% | 2.89% | 1.79% |
 LLYEli Lilly and Co. | 1.28% | 1.99% | 1.28% |
 BRK-BBerkshire Hathaway Inc., Class B | 1.27% | 2.34% | 1.27% |
 AMDAdvanced Micro Devices, Inc. | 1.23% | 1.55% | 1.23% |
 JPMJPMorgan Chase & Co. | 1.18% | 2.27% | 1.18% |
 XOMExxon Mobil Corp. | 0.89% | 1.73% | 0.89% |
 VVisa Inc., Class A | 0.80% | 1.49% | 0.80% |
 JNJJohnson & Johnson | 0.79% | 1.49% | 0.79% |
 WMTWalmart Inc. | 0.74% | 1.56% | 0.74% |
 CSCOCisco Systems, Inc. | 0.70% | 0.97% | 0.70% |
 COSTCostco Wholesale Corp. | 0.62% | 1.21% | 0.62% |
 CATCaterpillar Inc. | 0.60% | 1.11% | 0.60% |
 MAMastercard Inc., Class A | 0.59% | 1.10% | 0.59% |
 ABBVAbbVie Inc. | 0.56% | 1.00% | 0.56% |
 ORCLOracle Corp. | 0.56% | 0.74% | 0.56% |
 NFLXNetflix, Inc. | 0.53% | 1.06% | 0.53% |
 PLTRPalantir Technologies Inc., Class A | 0.52% | 0.85% | 0.52% |
Frequently Asked Questions
How much do SCHX and XLG overlap?
SCHX and XLG overlap by 57.4% of portfolio weight. They share 51 holdings (SCHX holds 748 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHX and XLG?
The two portfolios are 57.4% 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 SCHX and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 64% of the total overlap.
What does SCHX own that XLG doesn't?
697 positions (42.4% of SCHX) are unique to SCHX, led by MU, INTC and LRCX. In the other direction, 0 positions (0.0% of XLG) are unique to XLG.