RSP vs SCHG Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHG is a U.S. growth equity ETF from Schwab. RSP and SCHG show limited overlap, with an estimated weighted overlap of 17.4%. They share 118 holdings in the loaded dataset, led by EQIX, LIN, and PWR.
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Quick Answer
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHG is a U.S. growth equity ETF from Schwab. RSP and SCHG show limited overlap, with an estimated weighted overlap of 17.4%. They share 118 holdings in the loaded dataset, led by EQIX, LIN, and PWR.
- 17.4% weighted overlap across 118 shared holdings.
- The top three shared holdings explain 4.2% of the measured overlap.
- RSP 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 can still add materially different exposure.
Data Freshness
- RSP 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
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHG is a U.S. growth equity ETF from Schwab. RSP and SCHG do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like EQIX, LIN, and PWR.
How They Differ
RSP is an equal-weight U.S. equity ETF from Invesco, 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 RSP 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 4.2% 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 RSP 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 RSP charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 4.2% 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 RSP and SCHG.
| Holding | Name | RSP Wt. | SCHG Wt. | Overlap |
|---|---|---|---|---|
| EQIX | Equinix Inc | 0.25% | 0.36% | 0.25% |
| LIN | Linde PLC | 0.24% | 0.84% | 0.24% |
| PWR | Quanta Services Inc | 0.24% | 0.32% | 0.24% |
| KLAC | KLA Corp | 0.23% | 0.72% | 0.23% |
| GEV | GE Vernova Inc | 0.23% | 0.86% | 0.23% |
| GE | General Electric Co | 0.23% | 1.30% | 0.23% |
| MCK | McKesson Corp | 0.22% | 0.43% | 0.22% |
| COST | Costco Wholesale Corp | 0.22% | 1.67% | 0.22% |
| BKR | Baker Hughes Co | 0.24% | 0.22% | 0.22% |
| MAR | Marriott International Inc/MD | 0.22% | 0.28% | 0.22% |
Why These ETFs Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, 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 EQIX, LIN, and PWR, which appear in both portfolios and push the overlap score higher.
Holding both RSP and SCHG can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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Frequently Asked Questions About RSP 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.