SCHV vs VXF Overlap

SCHV is a U.S. value equity ETF from Schwab, while VXF is an equity ETF from Vanguard. SCHV and VXF show limited overlap, with an estimated weighted overlap of 7.33%. They share 174 holdings in the loaded dataset, led by MRVL, LNG, and CIEN.

7.3% overlap
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174Shared Holdings
OK
Low Overlap

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Quick Answer

SCHV is a U.S. value equity ETF from Schwab, while VXF is an equity ETF from Vanguard. SCHV and VXF show limited overlap, with an estimated weighted overlap of 7.33%. They share 174 holdings in the loaded dataset, led by MRVL, LNG, and CIEN.

  • 7.33% weighted overlap across 174 shared holdings.
  • The top three shared holdings explain 8.65% of the measured overlap.
  • SCHV is the broader fund, while VXF 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

SCHV holdings
Mar 12, 2026
VXF 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

SCHV

Schwab U.S. Large-Cap Value ETF

Issuer
Schwab
Asset class
Equity
Expense ratio
0.04%
AUM
$15B
Inception
Dec 11, 2009

ETF B

VXF

Vanguard Extended Market ETF

Issuer
Vanguard
Asset class
Mid Cap Equity
Expense ratio
0.05%
AUM
$84B
Inception
Dec 27, 2001

What Stands Out In This Comparison

01

What This Means

SCHV is a U.S. value equity ETF from Schwab, while VXF is an equity ETF from Vanguard. SCHV and VXF 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 MRVL, LNG, and CIEN.

02

How They Differ

SCHV is a U.S. value equity ETF from Schwab, while VXF is an equity ETF from Vanguard. SCHV is the broader fund, while VXF is the more targeted sleeve. SCHV has the lower expense ratio, while VXF 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 8.65% 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, SCHV is usually the wider choice. If you want the more focused tilt, VXF is the narrower expression. SCHV has the lower expense ratio, while VXF charges more for its exposure.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 8.65% 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 SCHV and VXF.

HoldingSCHV Wt.VXF Wt.Overlap
MRVL0.28%0.86%0.28%
LNG0.18%0.57%0.18%
CIEN0.17%0.45%0.17%
FERG0.16%0.62%0.16%
RBLX0.14%0.54%0.14%
BE0.12%0.42%0.12%
AMRZ0.11%0.34%0.11%
FTI0.09%0.28%0.09%
UTHR0.08%0.26%0.08%
WWD0.08%0.24%0.08%

Why These ETFs Overlap

SCHV is a U.S. value equity ETF from Schwab, while VXF is an equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are MRVL, LNG, and CIEN, which appear in both portfolios and push the overlap score higher.

Holding both SCHV and VXF 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.

Related Comparisons

Frequently Asked Questions About SCHV and VXF

What is the overlap between SCHV and VXF?+
SCHV and VXF currently show an estimated weighted overlap of 7.33% based on the loaded holdings data.
How many holdings do SCHV and VXF share?+
They share 174 holdings in the current dataset.
Is the SCHV and VXF overlap high?+
The current verdict is Low Overlap. That means the two ETFs have limited duplication in portfolio weight.
Why do SCHV and VXF overlap?+
SCHV and VXF overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 8.65% of the measured overlap score.
Which ETF is broader, SCHV or VXF?+
SCHV is the broader fund, while VXF 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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