SCHG vs SPY ETF holdings comparison
Schwab U.S. Large-Cap Growth ETF (SCHG) · SPDR S&P 500 ETF Trust (SPY)
SCHG and SPY overlap by 54.3% by portfolio weight. The remaining 45.7 percentage points are not counted as shared holdings weight by this calculation. They share 122 stocks; the largest shared position is NVIDIA Corp (NVDA), contributing 7.80% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SCHG and SPY share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate 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 SCHG | in SPY |
|---|---|---|---|
| NVIDIA Corp | NVDA | 11.01% | 7.80% |
| Apple Inc | AAPL | 9.83% | 6.88% |
| Microsoft Corp | MSFT | 7.17% | 5.52% |
| Amazon.com Inc | AMZN | 5.67% | 3.86% |
| Alphabet Inc | GOOGL | 4.75% | 3.08% |
| Broadcom Inc | AVGO | 4.55% | 2.55% |
| Alphabet Inc | GOOG | 3.78% | 2.45% |
| Meta Platforms Inc | META | 3.45% | 1.89% |
| Tesla Inc | TSLA | 3.91% | 1.49% |
| Eli Lilly & Co | LLY | 3.05% | 1.48% |
Holdings only in SCHG or SPY
SCHG has 71 fund-only positions representing approximately 4.5 percentage points of reported exposure; SPY has 381 fund-only positions representing approximately 45.5 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 SCHG
| Company | Ticker | Weight |
|---|---|---|
| Snowflake Inc | SNOW | 0.31% |
| Cloudflare Inc | NET | 0.27% |
| Rocket Lab Corp | RKLB | 0.24% |
| Strategy Inc | MSTR | 0.17% |
| Astera Labs Inc | ALAB | 0.16% |
| Alnylam Pharmaceuticals Inc | ALNY | 0.14% |
| Credo Technology Group Holding Ltd | CRDO | 0.13% |
| HEICO Corp | HEI | 0.12% |
| Natera Inc | NTRA | 0.11% |
| Curtiss-Wright Corp | CW | 0.10% |
Largest positions only in SPY
| Company | Ticker | Weight |
|---|---|---|
| Micron Technology Inc | MU | 1.59% |
| Jpmorgan Chase + Co | JPM | 1.44% |
| Berkshire Hathaway Inc Cl B | BRK.B | 1.40% |
| Exxonmobil Holdings Corp | XOM | 1.01% |
| Johnson + Johnson | JNJ | 0.99% |
| Abbvie Inc | ABBV | 0.71% |
| Walmart Inc | WMT | 0.70% |
| Cisco Systems Inc | CSCO | 0.66% |
| Intel Corp | INTC | 0.65% |
| Bank Of America Corp | BAC | 0.62% |
FAQ
How much do SCHG and SPY overlap?
SCHG and SPY have 54.3% overlap by weight, sharing 122 equity positions (out of 193 in SCHG and 503 in SPY). The official holdings files used are dated 2026-05-31 for SCHG and 2026-08-25 for SPY.
What does 54.3% overlap mean?
SCHG and SPY share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate 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 SCHG and SPY both hold?
The largest shared positions are NVIDIA Corp, Apple Inc, Microsoft Corp, Amazon.com Inc, Alphabet Inc. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SCHG and SPY?
SCHG has 71 positions not found in SPY, while SPY has 381 positions not found in SCHG. The largest fund-only positions and their weights are shown on this page.