SCHB vs XLV ETF holdings comparison
Schwab U.S. Broad Market ETF (SCHB) · Health Care Select Sector SPDR ETF (XLV)
SCHB and XLV overlap by 7.4% by portfolio weight. The remaining 92.6 percentage points are not counted as shared holdings weight by this calculation. They share 59 stocks; the largest shared position is Eli Lilly & Co (LLY), contributing 1.20% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SCHB and XLV share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in SCHB | in XLV |
|---|---|---|---|
| Eli Lilly & Co | LLY | 1.20% | 15.43% |
| Johnson & Johnson | JNJ | 0.74% | 10.40% |
| AbbVie Inc | ABBV | 0.53% | 7.42% |
| UnitedHealth Group Inc | UNH | 0.47% | 5.69% |
| Merck & Co Inc | MRK | 0.40% | 6.11% |
| Thermo Fisher Scientific Inc | TMO | 0.25% | 3.69% |
| Amgen Inc | AMGN | 0.25% | 3.77% |
| Gilead Sciences Inc | GILD | 0.23% | 2.92% |
| Intuitive Surgical Inc | ISRG | 0.21% | 2.08% |
| Abbott Laboratories | ABT | 0.20% | 3.20% |
Holdings only in SCHB or XLV
SCHB has 2344 fund-only positions representing approximately 92.5 percentage points of reported exposure; XLV has 1 fund-only positions representing approximately <0.1 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in SCHB
| Company | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 7.02% |
| Apple Inc | AAPL | 6.26% |
| Microsoft Corp | MSFT | 4.57% |
| Amazon.com Inc | AMZN | 3.62% |
| Alphabet Inc | GOOGL | 3.03% |
| Broadcom Inc | AVGO | 2.90% |
| Alphabet Inc | GOOG | 2.41% |
| Meta Platforms Inc | META | 1.89% |
| Tesla Inc | TSLA | 1.68% |
| Micron Technology Inc | MU | 1.49% |
Largest positions only in XLV
| Company | Ticker | Weight |
|---|---|---|
| Xav Health Care Sep26 | IXCU6 | 0.03% |
FAQ
How much do SCHB and XLV overlap?
SCHB and XLV have 7.4% overlap by weight, sharing 59 equity positions (out of 2403 in SCHB and 60 in XLV). The official holdings files used are dated 2026-05-31 for SCHB and 2026-08-25 for XLV.
What does 7.4% overlap mean?
SCHB and XLV share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do SCHB and XLV both hold?
The largest shared positions are Eli Lilly & Co, Johnson & Johnson, AbbVie Inc, UnitedHealth Group Inc, Merck & Co Inc. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SCHB and XLV?
SCHB has 2344 positions not found in XLV, while XLV has 1 positions not found in SCHB. The largest fund-only positions and their weights are shown on this page.