IWD is a U.S. value equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. IWD and SCHV show heavy overlap, with an estimated weighted overlap of 71.02%. They share 469 holdings in the loaded dataset, led by BRK.B, JPM, and 30231G102.
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IWD is a U.S. value equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. IWD and SCHV show heavy overlap, with an estimated weighted overlap of 71.02%. They share 469 holdings in the loaded dataset, led by BRK.B, JPM, and 30231G102.
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IWD is a U.S. value equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. IWD and SCHV share a large chunk of the same portfolio weight. The overlap is driven by positions like BRK.B, JPM, and 30231G102, so owning both may not diversify your stock exposure as much as the fund names suggest.
IWD is a U.S. value equity ETF from IShares, while SCHV is a U.S. value equity ETF from Schwab. SCHV is the broader fund, while IWD is the more targeted sleeve. SCHV has the lower expense ratio, while IWD charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 10.43% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, SCHV is usually the wider choice. If you want the more focused tilt, IWD is the narrower expression. SCHV has the lower expense ratio, while IWD charges more for its exposure.
Concentration
The top three shared holdings explain 10.43% 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.
These are the holdings contributing the most to the overlap score between IWD and SCHV.
| Holding | Name | IWD Wt. | SCHV Wt. | Overlap |
|---|---|---|---|---|
| BRK.B | BERKSHIRE HATHAWAY INC. | 2.91% | 2.82% | 2.82% |
| JPM | JPMORGAN CHASE & CO. | 2.63% | 2.62% | 2.62% |
| 30231G102 | EXXON MOBIL CORPORATION | 2.36% | 1.97% | 1.97% |
| JNJ | JOHNSON & JOHNSON | 1.94% | 1.76% | 1.76% |
| WMT | WALMART INC. | 1.60% | 1.65% | 1.60% |
| MU | MICRON TECHNOLOGY, INC. | 1.24% | 3.54% | 1.24% |
| CVX | CHEVRON CORPORATION | 1.28% | 1.11% | 1.11% |
| PG | THE PROCTER & GAMBLE COMPANY | 1.12% | 1.08% | 1.08% |
| CSCO | CISCO SYSTEMS, INC. | 1.02% | 1.54% | 1.02% |
| BAC | BANK OF AMERICA CORPORATION | 0.97% | 1.11% | 0.97% |
IWD is a U.S. value equity ETF from IShares, while SCHV is a U.S. value 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 BRK.B, JPM, and 30231G102, which appear in both portfolios and push the overlap score higher.
Holding both IWD and SCHV 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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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.