IVW vs SCHG Overlap
IVW is a U.S. growth equity ETF from IShares, while SCHG is a U.S. growth equity ETF from Schwab. IVW and SCHG show heavy overlap, with an estimated weighted overlap of 66.87%. They share 68 holdings in the loaded dataset, led by NVDA, MSFT, and AAPL.
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Quick Answer
IVW is a U.S. growth equity ETF from IShares, while SCHG is a U.S. growth equity ETF from Schwab. IVW and SCHG show heavy overlap, with an estimated weighted overlap of 66.87%. They share 68 holdings in the loaded dataset, led by NVDA, MSFT, and AAPL.
- 66.87% weighted overlap across 68 shared holdings.
- The top three shared holdings explain 37.63% of the measured overlap.
- IVW and SCHG are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- IVW holdings
- Mar 12, 2026
- SCHG holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
IVW is a U.S. growth equity ETF from IShares, while SCHG is a U.S. growth equity ETF from Schwab. IVW and SCHG share a large chunk of the same portfolio weight. The overlap is driven by positions like NVDA, MSFT, and AAPL, so owning both may not diversify your stock exposure as much as the fund names suggest.
How They Differ
IVW is a U.S. growth equity ETF from IShares, while SCHG is a U.S. growth equity ETF from Schwab. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. SCHG has the lower expense ratio, while IVW charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 37.63% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because IVW and SCHG are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. SCHG has the lower expense ratio, while IVW charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 37.63% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between IVW and SCHG.
| Holding | Name | IVW Wt. | SCHG Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | 14.73% | 11.27% | 11.27% |
| MSFT | MICROSOFT CORP | 9.89% | 7.57% | 7.57% |
| AAPL | APPLE INC | 6.32% | 9.67% | 6.32% |
| META | META PLATFORMS INC CLASS A | 4.67% | 4.62% | 4.62% |
| GOOGL | ALPHABET INC CLASS A | 5.86% | 4.48% | 4.48% |
| AVGO | BROADCOM INC | 5.31% | 4.21% | 4.21% |
| AMZN | AMAZON COM INC | 3.63% | 5.23% | 3.63% |
| GOOG | ALPHABET INC CLASS C | 4.68% | 3.58% | 3.58% |
| LLY | ELI LILLY | 2.61% | 3.01% | 2.61% |
| TSLA | TESLA INC | 2.28% | 4.17% | 2.28% |
Why These ETFs Overlap
IVW is a U.S. growth equity ETF from IShares, while SCHG is a U.S. growth equity ETF from Schwab. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, MSFT, and AAPL, which appear in both portfolios and push the overlap score higher.
Holding both IVW and SCHG may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
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Frequently Asked Questions About IVW and SCHG
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How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.