VBR vs SCHM: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
Schwab · 496 holdings · $15.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (VBR: 2026-03-31, SCHM: 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 VBR and SCHM?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Schwab U.S. Mid-Cap ETF (SCHM, by Schwab) holds 496. They have 298 holdings in common, and by portfolio weight the two funds are 49.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 49.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 298VBR holds 838 · SCHM holds 496
- Weight in Shared Holdings
- VBR 60%·SCHM 53%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 VBR
540 of 838 positions (39.7% of the fund) are not held by SCHM. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | SCHM |
|---|---|---|
| Industrials | 18.8% | 22.5% |
| Information Technology | 8.2% | 20.2% |
| Financials | 18.7% | 11.7% |
| Consumer Discretionary | 10.9% | 9.5% |
| Health Care | 8.4% | 10.8% |
| Other Sectors | 34.3% | 25.0% |
| Unclassified | 0.5% | 0.2% |
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. “Unclassified” is weight we could not classify (1% of VBR, 0% of SCHM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
| SCHM | +1.6% | +20.7% | +28.9% | +15.8% | +8.2% | +11.2% | 1.22% |
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 VBR vs SCHM →
Shared Holdings(298)
The top 10 shared positions account for 9% of the overlap, led by FLEX, TPR and UTHR.
 FLEXFlex Ltd. COM USD0.01 | 0.58% | 1.03% | 0.58% |
|---|---|---|---|
 TPRTapestry Inc COM | 0.69% | 0.55% | 0.55% |
 UTHRUnited Therapeutics Corporation COM | 0.63% | 0.44% | 0.44% |
 OMCOmnicom Group Inc COM | 0.57% | 0.42% | 0.42% |
 AKAMAkamai Technologies, Inc. COM | 0.40% | 0.40% | 0.40% |
 FFIVF5 Inc COM | 0.40% | 0.40% | 0.40% |
 CHRWC.H. Robinson Worldwide Inc COM NEW | 0.48% | 0.39% | 0.39% |
 JBHTJ. B. Hunt Transport Services, Inc. COM | 0.39% | 0.38% | 0.38% |
 MKSIMKS Inc. COM | 0.37% | 0.40% | 0.37% |
 AAAlcoa Corporation COM | 0.42% | 0.37% | 0.37% |
 RSReliance Inc COM | 0.38% | 0.37% | 0.37% |
 VTRSViatris Inc COM | 0.38% | 0.35% | 0.35% |
 USFDUS Foods Holding Corp COM | 0.49% | 0.33% | 0.33% |
 CFCF Industries Holdings, Inc. COM | 0.48% | 0.32% | 0.32% |
 WCCWesco International, Inc. COM | 0.32% | 0.33% | 0.32% |
 EWBCEast West Bancorp Inc COM | 0.36% | 0.31% | 0.31% |
 ITTITT Inc COM | 0.40% | 0.31% | 0.31% |
 Q23Bunge Global SA COM SHS | 0.48% | 0.31% | 0.31% |
 MRNAModerna Inc COM | 0.44% | 0.30% | 0.30% |
 WPCW. P. Carey Inc COM | 0.37% | 0.30% | 0.30% |
 STLDSteel Dynamics, Inc. COM | 0.30% | 0.66% | 0.30% |
 KIMKimco Realty Corporation COM | 0.37% | 0.30% | 0.30% |
 SNXTD SYNNEX Corporation | 0.30% | 0.36% | 0.30% |
 TXTTextron Inc. COM | 0.37% | 0.30% | 0.30% |
 IEXIdex Corporation COM | 0.34% | 0.29% | 0.29% |
Showing the top 250 of 298 shared holdings by overlap weight.
Frequently Asked Questions
How much do VBR and SCHM overlap?
VBR and SCHM overlap by 49.3% of portfolio weight. They share 298 holdings (VBR holds 838 positions and SCHM holds 496), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and SCHM?
The two portfolios are 49.3% 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 VBR and SCHM?
The largest positions held by both funds are FLEX, TPR, UTHR, OMC and AKAM. Together the top 10 shared positions account for 9% of the total overlap.
What does VBR own that SCHM doesn't?
540 positions (39.7% of VBR) are unique to VBR, led by NRG, ATO and JBL. In the other direction, 198 positions (46.9% of SCHM) are unique to SCHM.