SCHG vs SOXX Overlap

SCHG is a U.S. growth equity ETF from Schwab, while SOXX is a semiconductor-focused equity ETF from IShares. SCHG and SOXX show limited overlap, with an estimated weighted overlap of 13.77%. They share 7 holdings in the loaded dataset, led by NVDA, AVGO, and AMD.

13.8% overlap
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7Shared Holdings
OK
Low Overlap

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Quick Answer

SCHG is a U.S. growth equity ETF from Schwab, while SOXX is a semiconductor-focused equity ETF from IShares. SCHG and SOXX show limited overlap, with an estimated weighted overlap of 13.77%. They share 7 holdings in the loaded dataset, led by NVDA, AVGO, and AMD.

  • 13.77% weighted overlap across 7 shared holdings.
  • The top three shared holdings explain 92.48% of the measured overlap.
  • SCHG is the broader fund, while SOXX is more targeted.
  • 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

SCHG holdings
Mar 12, 2026
SOXX holdings
Mar 12, 2026
Overlap computed
Mar 14, 2026
Data source
Financial Modeling Prep

Review the methodology for the overlap formula and refresh policy.

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About These ETFs

ETF A

SCHG

Schwab U.S. Large-Cap Growth ETF

Issuer
Schwab
Asset class
Equity
Expense ratio
0.04%
AUM
$51B
Inception
Dec 11, 2009

ETF B

SOXX

iShares Semiconductor ETF

Issuer
IShares
Asset class
Equity
Expense ratio
0.34%
AUM
$21B
Inception
Jul 10, 2001

What Stands Out In This Comparison

01

What This Means

SCHG is a U.S. growth equity ETF from Schwab, while SOXX is a semiconductor-focused equity ETF from IShares. SCHG and SOXX 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 NVDA, AVGO, and AMD.

02

How They Differ

SCHG is a U.S. growth equity ETF from Schwab, while SOXX is a semiconductor-focused equity ETF from IShares. SCHG is the broader fund, while SOXX is the more targeted sleeve. SCHG has the lower expense ratio, while SOXX charges more for its exposure.

03

What Drives The Overlap

The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 92.48% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.

04

When One May Fit Better

If you want the broader portfolio building block, SCHG is usually the wider choice. If you want the more focused tilt, SOXX is the narrower expression. SCHG has the lower expense ratio, while SOXX charges more for its exposure.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 92.48% 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 SCHG and SOXX.

HoldingSCHG Wt.SOXX Wt.Overlap
NVDA11.27%7.28%7.28%
AVGO4.21%5.92%4.21%
AMD1.25%6.51%1.25%
KLAC0.72%4.31%0.72%
MPWR0.19%3.96%0.19%
CRDO0.07%1.53%0.07%
ALAB0.06%1.39%0.06%

Why These ETFs Overlap

SCHG is a U.S. growth equity ETF from Schwab, while SOXX is a semiconductor-focused equity ETF from IShares. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, AVGO, and AMD, which appear in both portfolios and push the overlap score higher.

Holding both SCHG and SOXX 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 SCHG and SOXX

What is the overlap between SCHG and SOXX?+
SCHG and SOXX currently show an estimated weighted overlap of 13.77% based on the loaded holdings data.
How many holdings do SCHG and SOXX share?+
They share 7 holdings in the current dataset.
Is the SCHG and SOXX overlap high?+
The current verdict is Low Overlap. That means the two ETFs have limited duplication in portfolio weight.
Why do SCHG and SOXX overlap?+
SCHG and SOXX overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 92.48% of the measured overlap score.
Which ETF is broader, SCHG or SOXX?+
SCHG is the broader fund, while SOXX is the more targeted sleeve. That does not automatically make one better, but it helps explain why the pair can overlap while still serving different roles.

How Overlap Is Calculated

A straightforward approach used by portfolio analysts.

Overlap = sum(min(Weight_A, Weight_B)) for each shared holding

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.

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