SCHB vs XLF Overlap AnalysisOverlap
Comparing Schwab U.S. Broad Market ETF and Financial Select Sector SPDR Fund
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SCHB wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SCHB wins with better expense ratio and number of holdings. Consider SCHB for your portfolio, but XLF is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
65 shared holdings representing 12.1% portfolio overlap
Top Shared Holdings
| # | Stock | SCHB Weight | XLF Weight | Overlap |
|---|---|---|---|---|
| 1 | BRK-B BRK-B | 1.40% | 11.80% | 1.40% |
| 2 | JPM JPM | 1.33% | 10.82% | 1.33% |
| 3 | V V | 0.95% | 7.26% | 0.95% |
| 4 | MA MA | 0.76% | 5.81% | 0.76% |
| 5 | SCHW SCHW | 0.54% | 2.10% | 0.54% |
| 6 | BAC BAC | 0.49% | 4.78% | 0.49% |
| 7 | WFC WFC | 0.42% | 3.73% | 0.42% |
| 8 | GS GS | 0.37% | 3.47% | 0.37% |
| 9 | MS MS | 0.29% | 2.84% | 0.29% |
| 10 | SPGI SPGI | 0.29% | 2.01% | 0.29% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SCHB
Unique to SCHB
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 7.17% |
| MSFT | MSFT | 6.47% |
| AAPL | AAPL | 5.00% |
| AMZN | AMZN | 3.33% |
| META | META | 2.73% |
Top Holdings Only in XLF
Unique to XLF
| Symbol | Name | Weight |
|---|---|---|
| AXP | AXP | 2.59% |
| BLK | BLK | 2.02% |
| FISV | FISV | 0.47% |
| FITB | FITB | 0.39% |
| CBOE | CBOE | 0.35% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.