VGLT vs SCHQ: Holdings Overlap
VGLTVanguard Long-term Treasury Index Fund
Vanguard · 97 holdings · $10.4B · as of 2026-05-31
SCHQSchwab Long-Term U.S. Treasury ETF
Schwab · 97 holdings · $793M · as of 2026-03-31
Holdings snapshots are 61 days apart (VGLT: 2026-05-31, SCHQ: 2026-03-31). 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 VGLT and SCHQ?
Vanguard Long-term Treasury Index Fund (VGLT, by Vanguard) holds 97 positions; Schwab Long-Term U.S. Treasury ETF (SCHQ, by Schwab) holds 97. They have 97 holdings in common, and by portfolio weight the two funds are 96.0% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 96.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 97VGLT holds 97 · SCHQ holds 97
- Weight in Shared Holdings
- VGLT 98%·SCHQ 99%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 VGLT
Every position in VGLT is also held by SCHQ, so it brings nothing the other fund doesn’t already own.
Only in SCHQ
Every position in SCHQ is also held by VGLT, so it brings nothing the other fund doesn’t already own.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VGLT | -1.5% | -2.3% | -0.6% | +0.5% | -6.7% | -1.7% | 4.76% |
| SCHQ | -1.5% | -2.3% | -0.6% | +0.4% | -6.7% | — | 4.90% |
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 VGLT vs SCHQ →
Shared Holdings(97)
The top 10 shared positions account for 22% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 2.21% | 2.29% | 2.21% |
|---|---|---|---|
| U.S. Treasury Bonds | 2.21% | 2.28% | 2.21% |
| U.S. Treasury Bonds | 2.17% | 2.24% | 2.17% |
| U.S. Treasury Bonds | 2.17% | 2.24% | 2.17% |
| U.S. Treasury Bonds | 2.17% | 2.24% | 2.17% |
| U.S. Treasury Bonds | 2.14% | 2.18% | 2.14% |
| U.S. Treasury Bonds | 2.13% | 2.19% | 2.13% |
| U.S. Treasury Bonds | 2.04% | 2.10% | 2.04% |
| U.S. Treasury Bonds | 2.04% | 2.10% | 2.04% |
| U.S. Treasury Bonds | 1.83% | 1.88% | 1.83% |
| U.S. Treasury Bonds | 1.64% | 1.66% | 1.64% |
| U.S. Treasury Bonds | 1.54% | 1.59% | 1.54% |
| U.S. Treasury Bonds | 1.53% | 1.58% | 1.53% |
| U.S. Treasury Bonds | 1.51% | 1.55% | 1.51% |
| U.S. Treasury Bonds | 1.50% | 1.55% | 1.50% |
| U.S. Treasury Bonds | 1.41% | 1.47% | 1.41% |
| U.S. Treasury Bonds | 1.40% | 1.45% | 1.40% |
| U.S. Treasury Bonds | 1.40% | 1.43% | 1.40% |
| U.S. Treasury Bonds | 1.40% | 1.41% | 1.40% |
| U.S. Treasury Bonds | 1.40% | 1.42% | 1.40% |
| U.S. Treasury Bonds | 1.37% | 1.39% | 1.37% |
| U.S. Treasury Bonds | 1.37% | 1.42% | 1.37% |
| U.S. Treasury Bonds | 1.36% | 1.40% | 1.36% |
| U.S. Treasury Bonds | 1.36% | 1.40% | 1.36% |
| U.S. Treasury Bonds | 1.35% | 1.37% | 1.35% |
Frequently Asked Questions
How much do VGLT and SCHQ overlap?
VGLT and SCHQ overlap by 96.0% of portfolio weight. They share 97 holdings (VGLT holds 97 positions and SCHQ holds 97), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGLT and SCHQ?
The two portfolios are 96.0% 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 VGLT and SCHQ?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 22% of the total overlap.
What does VGLT own that SCHQ doesn't?
Nothing. Every position in VGLT is also held by SCHQ. In the other direction, 0 positions (0.0% of SCHQ) are unique to SCHQ.