SPY vs SCHX: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Schwab · 748 holdings · $74.3B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPY: 2026-08-06, SCHX: 2026-05-31). 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 SPY and SCHX?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Schwab U.S. Large-Cap ETF (SCHX, by Schwab) holds 748. They have 493 holdings in common, and by portfolio weight the two funds are 91.5% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 91.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 493SPY holds 504 · SCHX holds 748
- Weight in Shared Holdings
- SPY 98%·SCHX 94%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 SPY
11 of 504 positions (1.6% of the fund) are not held by SCHX.
Sector Breakdown
| Sector | SPY | SCHX |
|---|---|---|
| Information Technology | 37.6% | 37.4% |
| Financials | 12.3% | 11.4% |
| Communication Services | 9.7% | 10.3% |
| Consumer Discretionary | 9.3% | 9.7% |
| Industrials | 8.8% | 9.1% |
| Other Sectors | 22.3% | 22.0% |
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 |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| SCHX | +3.5% | +14.0% | +23.2% | +21.2% | +12.8% | +15.3% | 0.99% |
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 SPY vs SCHX →
Shared Holdings(493)
The top 10 shared positions account for 40% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.00% | 7.50% | 7.50% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.92% | 6.69% | 6.69% |
 MSFTMicrosoft Corp. COM | 5.60% | 4.88% | 4.88% |
 AMZNAmazon.com, Inc. COM | 4.02% | 3.86% | 3.86% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 3.23% | 3.16% |
 AVGOBroadcom Inc COM | 3.00% | 3.10% | 3.00% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 2.57% | 2.54% |
 METAMeta Platforms, Inc., Class A | 1.95% | 2.02% | 1.95% |
 MUMicron Technology Inc. COM | 1.50% | 1.60% | 1.50% |
 TSLATesla Inc COM | 1.36% | 1.79% | 1.36% |
 LLYEli Lilly & Co. COM | 1.42% | 1.28% | 1.28% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.45% | 1.27% | 1.27% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 1.23% | 1.20% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 1.18% | 1.18% |
 VVisa, Inc., Class A | 0.93% | 0.80% | 0.80% |
 JNJJohnson & Johnson COM | 0.93% | 0.79% | 0.79% |
 WMTWalmart Inc COM | 0.74% | 0.74% | 0.74% |
 INTCIntel Corporation COM | 0.71% | 0.79% | 0.71% |
 CSCOCisco Systems, Inc. COM | 0.72% | 0.70% | 0.70% |
 COSTCostco Wholesale Corporation COM | 0.63% | 0.62% | 0.62% |
 CATCaterpillar Inc COM | 0.59% | 0.60% | 0.59% |
 MAMasterCard Incorporated CL A | 0.70% | 0.59% | 0.59% |
 LRCXLam Research Corporation COM NEW | 0.58% | 0.58% | 0.58% |
 ABBVAbbVie Inc. COM | 0.65% | 0.56% | 0.56% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 0.52% | 0.52% |
Showing the top 250 of 493 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPY and SCHX overlap?
SPY and SCHX overlap by 91.5% of portfolio weight. They share 493 holdings (SPY holds 504 positions and SCHX holds 748), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and SCHX?
The two portfolios are 91.5% 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 SPY and SCHX?
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 SPY own that SCHX doesn't?
11 positions (1.6% of SPY) are unique to SPY, led by XOM, SNDK and HON. In the other direction, 255 positions (6.2% of SCHX) are unique to SCHX.