VNQ vs SCHH: Holdings Overlap
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
Schwab · 117 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (VNQ: 2026-04-30, SCHH: 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 VNQ and SCHH?
Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146 positions; Schwab U.S. REIT ETF (SCHH, by Schwab) holds 117. They have 117 holdings in common, and by portfolio weight the two funds are 78.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 78.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 117VNQ holds 146 · SCHH holds 117
- Weight in Shared Holdings
- VNQ 79%·SCHH 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 VNQ
29 of 146 positions (20.6% of the fund) are not held by SCHH.
Only in SCHH
Every position in SCHH is also held by VNQ, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | VNQ | SCHH |
|---|---|---|
| Real Estate | 99.3% | 99.8% |
| Communication Services | 0.4% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
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 |
|---|---|---|---|---|---|---|---|
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
| SCHH | -0.2% | +16.9% | +18.0% | +10.5% | +3.0% | +3.7% | 2.74% |
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 VNQ vs SCHH →
Shared Holdings(117)
The top 10 shared positions account for 53% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 7.84% | 9.62% | 7.84% |
|---|---|---|---|
 PLDPrologis Inc. COM | 7.00% | 8.95% | 7.00% |
 EQIXEquinix, Inc. COM | 5.64% | 4.88% | 4.88% |
 AMTAmerican Tower Corporation COM | 4.54% | 4.34% | 4.34% |
 DLRDigital Realty Trust Inc. COM | 3.66% | 4.35% | 3.66% |
 SPGSimon Property Group Inc COM | 3.53% | 4.47% | 3.53% |
 ORealty Income Corporation COM | 3.11% | 4.00% | 3.11% |
 PSAPublic Storage COM | 2.54% | 3.40% | 2.54% |
 VTRVentas Inc. COM | 2.19% | 2.84% | 2.19% |
 CCICrown Castle Inc. COM | 2.05% | 2.82% | 2.05% |
 IRMIron Mountain Inc. COM | 1.98% | 2.69% | 1.98% |
 EXRExtra Space Storage Inc. COM | 1.61% | 2.17% | 1.61% |
 VICIVICI Properties, Inc., Class A | 1.58% | 2.18% | 1.58% |
 AVBAvalonBay Communities, Inc. COM | 1.38% | 1.83% | 1.38% |
 EQREquity Residential SH BEN INT | 1.25% | 1.59% | 1.25% |
 SBACSBA Communications Corp., Class A | 1.25% | 1.53% | 1.25% |
 WYWeyerhaeuser Company COM NEW | 0.94% | 1.25% | 0.94% |
 ESSEssex Property Trust, Inc. COM | 0.90% | 1.25% | 0.90% |
 INVHInvitation Homes Inc. COM | 0.89% | 1.17% | 0.89% |
 KIMKimco Realty Corporation COM | 0.85% | 1.15% | 0.85% |
 WPCW. P. Carey Inc COM | 0.85% | 1.16% | 0.85% |
 SUISun Communities, Inc. COM | 0.84% | 1.02% | 0.84% |
 MAAMid-America Apartment Communities, Inc. COM | 0.80% | 1.07% | 0.80% |
 HSTHost Hotels & Resorts Inc COM | 0.77% | 1.04% | 0.77% |
 OHIOmega Healthcare Investors, Inc. COM | 0.74% | 0.98% | 0.74% |
Frequently Asked Questions
How much do VNQ and SCHH overlap?
VNQ and SCHH overlap by 78.1% of portfolio weight. They share 117 holdings (VNQ holds 146 positions and SCHH holds 117), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQ and SCHH?
The two portfolios are 78.1% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of VNQ and SCHH?
The largest positions held by both funds are WELL, PLD, EQIX, AMT and DLR. Together the top 10 shared positions account for 53% of the total overlap.
What does VNQ own that SCHH doesn't?
29 positions (20.6% of VNQ) are unique to VNQ, led by VRTPX, CBRE and JLL. In the other direction, 0 positions (0.0% of SCHH) are unique to SCHH.