SCHB vs DIA Overlap AnalysisOverlap
Comparing Schwab U.S. Broad Market ETF and SPDR Dow Jones Industrial Average ETF
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 DIA is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
10 shared holdings representing 10.6% portfolio overlap
Top Shared Holdings
| # | Stock | SCHB Weight | DIA Weight | Overlap |
|---|---|---|---|---|
| 1 | MSFT MSFT | 6.47% | 6.85% | 6.47% |
| 2 | V V | 0.95% | 5.65% | 0.95% |
| 3 | HD HD | 0.63% | 6.65% | 0.63% |
| 4 | CRM CRM | 0.39% | 5.45% | 0.39% |
| 5 | UNH UNH | 0.38% | 9.85% | 0.38% |
| 6 | GS GS | 0.37% | 8.25% | 0.37% |
| 7 | MCD MCD | 0.35% | 5.25% | 0.35% |
| 8 | CAT CAT | 0.34% | 6.25% | 0.34% |
| 9 | BA BA | 0.28% | 5.05% | 0.28% |
| 10 | AMGN AMGN | 0.27% | 5.85% | 0.27% |
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% |
| AAPL | AAPL | 5.00% |
| AMZN | AMZN | 3.33% |
| META | META | 2.73% |
| AVGO | AVGO | 2.27% |
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.