SCHV vs SPY: Complete Comparison
Schwab U.S. Large-Cap Value ETF vs SPDR S&P 500 ETF Trust โ overlap, correlation, performance & risk analysis
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 SCHV wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SCHV wins with better expense ratio and number of holdings. Consider SCHV for your portfolio, but SPY is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
320 shared holdings representing 31.9% portfolio overlap
Top Shared Holdings
| # | Stock | SCHV Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | BRK-B BRK-B | 3.31% | 1.55% | 1.55% |
| 2 | JPM JPM | 3.04% | 1.51% | 1.51% |
| 3 | XOM XOM | 1.85% | 0.85% | 0.85% |
| 4 | JNJ JNJ | 1.77% | 0.84% | 0.84% |
| 5 | WMT WMT | 1.86% | 0.83% | 0.83% |
| 6 | ABBV ABBV | 1.45% | 0.68% | 0.68% |
| 7 | BAC BAC | 1.34% | 0.64% | 0.64% |
| 8 | HD HD | 1.26% | 0.58% | 0.58% |
| 9 | PG PG | 1.20% | 0.57% | 0.57% |
| 10 | ORCL ORCL | 1.35% | 0.56% | 0.56% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SCHV
Unique to SCHV
| Symbol | Name | Weight |
|---|---|---|
| MRVL | MRVL | 0.28% |
| RBLX | RBLX | 0.24% |
| STX | STX | 0.22% |
| WDC | WDC | 0.22% |
| PCAR | PCAR | 0.21% |
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 7.73% |
| AAPL | AAPL | 6.82% |
| MSFT | MSFT | 6.11% |
| AMZN | AMZN | 3.81% |
| GOOGL | GOOGL | 3.08% |
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.
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