SCHB vs XLK Overlap

Comparing Schwab U.S. Broad Market ETF and Technology Select Sector SPDR Fund

Holdings Overlap
30.92%
Low Overlap
Shared Holdings
65 of 70
Complete portfolio analysis
Calculation Method
Min Weight
Weighted intersection

Visual Overlap

SCHB
XLK
30.9%
SCHB Only
Overlap
XLK Only

Price Performance

Historical price comparison over 3M

SCHB Return
+8.40%
XLK Return
+12.16%
Winner
XLK
+3.76%
Max Drawdown
SCHB: -5.3%
XLK: -10.5%
SCHB Volatility (annualized)11.83%
XLK Volatility (annualized)19.66%

๐Ÿ“ˆ Comparison

Metric
SCHB
XLK
1 Year Return
+25.8%
+35.2%โœ“
3 Year Return
+9.8%
+15.8%โœ“
5 Year Return
+15.2%
+25.5%โœ“
Volatility
18.80%โœ“
24.20%
Expense Ratio
0.03%โœ“
0.10%
โš ๏ธ Past performance does not guarantee future results. Data may be delayed.

โš ๏ธRisk Metrics

Metric
SCHB
XLK
Volatility
18.80%โœ“
24.20%
Sharpe Ratio
0.78
1.05โœ“
Sortino Ratio
1.05
1.42โœ“
Max Drawdown
-34.20%โœ“
-38.50%
Beta
1.01
1.22

Interpretation:

  • ๐Ÿ“Š Lower volatility = smoother ride
  • โšก Higher Sharpe/Sortino = better risk-adjusted returns
  • โš ๏ธ Smaller max drawdown = less worst-case pain
  • ๐Ÿ“ˆ Beta > 1 = more volatile than S&P 500

โš”๏ธ Comparison

10 - 10

Key Factors

๐Ÿ’ฐ Expense Ratio
SCHB:0.03%โœ“
vs
XLK:0.10%โœ“
๐ŸŽฏ Number of Holdings
SCHB:2,500 holdingsโœ“
vs
XLK:65 holdingsโœ“
๐Ÿ“ˆ 5-Year Return
SCHB:+15.2%โœ“
vs
XLK:+25.5%โœ“
โ–ถAdditional Metrics (5)
โš–๏ธ Concentration Risk
SCHB: 33.2% in top 10โœ“
XLK: 62.3% in top 10
๐Ÿ“Š Assets Under Management
SCHB: $28B
XLK: $55B โœ“โœ“
โšก Sharpe Ratio
SCHB: 0.78
XLK: 1.05โœ“
๐Ÿ“‰ Volatility
SCHB: 18.8%โœ“
XLK: 24.2%
๐Ÿ” Uniqueness vs SPY
SCHB: 16.3% unique
XLK: 65.5% uniqueโœ“

Bottom line: SCHB and XLK are very similar. Choose based on your broker's commission structure or personal preference.

Detailed Overlap Analysis

65 shared holdings representing 30.9% portfolio overlap

Top Shared Holdings

#StockSCHB WeightXLK WeightOverlap
1
NVDA
NVDA
7.17%14.84%7.17%
2
MSFT
MSFT
6.47%11.75%6.47%
3
AAPL
AAPL
5.00%13.10%5.00%
4
AVGO
AVGO
2.27%5.36%2.27%
5
ORCL
ORCL
0.69%2.81%0.69%
6
PLTR
PLTR
0.61%3.75%0.61%
7
QCOM
QCOM
0.54%1.58%0.54%
8
AMD
AMD
0.47%2.96%0.47%
9
CSCO
CSCO
0.44%2.60%0.44%
10
CRM
CRM
0.39%2.13%0.39%

Overlap by Sector

Technology
20 stocks ยท 25.47% overlap
Other
45 stocks ยท 4.93% overlap

Showing top 5 sectors by overlap contribution

65
Shared Stocks
30.9%
Total Overlap
2
Sectors Represented

Top Holdings Only in SCHB

Unique to SCHB

โ†Scroll horizontally to see all dataโ†’
SymbolNameWeight
AMZNAMZN3.33%
METAMETA2.73%
GOOGLGOOGL1.87%
GOOGGOOG1.51%
TSLATSLA1.43%

Top Holdings Only in XLK

Unique to XLK

โ†Scroll horizontally to see all dataโ†’
SymbolNameWeight
INTCINTC1.37%
FICOFICO0.35%
QQ0.15%
CDWCDW0.15%
SWKSSWKS0.08%

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 holding

Normalization: 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.

๐Ÿ“Š This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.

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