SCHB vs XLK Overlap AnalysisOverlap
Comparing Schwab U.S. Broad Market ETF and Technology 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
Key Factors
โถAdditional Metrics (5)
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
| # | Stock | SCHB Weight | XLK Weight | Overlap |
|---|---|---|---|---|
| 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
Showing top 5 sectors by overlap contribution
Top Holdings Only in SCHB
Unique to SCHB
| Symbol | Name | Weight |
|---|---|---|
| AMZN | AMZN | 3.33% |
| META | META | 2.73% |
| GOOGL | GOOGL | 1.87% |
| GOOG | GOOG | 1.51% |
| TSLA | TSLA | 1.43% |
Top Holdings Only in XLK
Unique to XLK
| Symbol | Name | Weight |
|---|---|---|
| INTC | INTC | 1.37% |
| FICO | FICO | 0.35% |
| Q | Q | 0.15% |
| CDW | CDW | 0.15% |
| SWKS | SWKS | 0.08% |
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 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.