RSP vs SCHV Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHV is a U.S. value equity ETF from Schwab. RSP and SCHV show meaningful overlap, with an estimated weighted overlap of 46.93%. They share 363 holdings in the loaded dataset, led by MU, WDC, and GLW.
Served from cache.
Quick Answer
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHV is a U.S. value equity ETF from Schwab. RSP and SCHV show meaningful overlap, with an estimated weighted overlap of 46.93%. They share 363 holdings in the loaded dataset, led by MU, WDC, and GLW.
- 46.93% weighted overlap across 363 shared holdings.
- The top three shared holdings explain 1.85% of the measured overlap.
- RSP and SCHV 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
- RSP holdings
- Mar 12, 2026
- SCHV holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHV is a U.S. value equity ETF from Schwab. RSP and SCHV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as MU, WDC, and GLW, which explains why the score lands at 46.93%.
How They Differ
RSP is an equal-weight U.S. equity ETF from Invesco, while SCHV is a U.S. value equity ETF from Schwab. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. SCHV 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 1.85% 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 SCHV are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. SCHV has the lower expense ratio, while RSP charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 1.85% 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 SCHV.
| Holding | Name | RSP Wt. | SCHV Wt. | Overlap |
|---|---|---|---|---|
| MU | Micron Technology Inc | 0.30% | 1.58% | 0.30% |
| WDC | Western Digital Corp | 0.29% | 0.32% | 0.29% |
| GLW | Corning Inc | 0.28% | 0.37% | 0.28% |
| LMT | Lockheed Martin Corp | 0.27% | 0.46% | 0.27% |
| FCX | Freeport-McMoRan Inc | 0.26% | 0.31% | 0.26% |
| NOC | Northrop Grumman Corp | 0.26% | 0.34% | 0.26% |
| HWM | Howmet Aerospace Inc | 0.26% | 0.36% | 0.26% |
| STX | Seagate Technology Holdings PLC | 0.25% | 0.29% | 0.25% |
| LRCX | Lam Research Corp | 0.25% | 0.95% | 0.25% |
| FDX | FedEx Corp | 0.25% | 0.27% | 0.25% |
Why These ETFs Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, 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 MU, WDC, and GLW, which appear in both portfolios and push the overlap score higher.
Holding both RSP and SCHV can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
Related Comparisons
Frequently Asked Questions About RSP and SCHV
What is the overlap between RSP and SCHV?+
How many holdings do RSP and SCHV share?+
Is the RSP and SCHV overlap high?+
Why do RSP and SCHV overlap?+
Which ETF is broader, RSP or SCHV?+
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.