SCHQ vs NUBD overlap
SCHQ and NUBD overlap 10.1% by weight, across 49 shared holdings.
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Top shared holdings
| Holding | SCHQ | NUBD | Overlap |
|---|---|---|---|
| US Treasury N/B | 1.08% | 0.67% | 0.67% |
| US Treasury N/BT | 1.37% | 0.49% | 0.49% |
| US Treasury N/B | 1.36% | 0.48% | 0.48% |
| US Treasury N/B | 1.33% | 0.48% | 0.48% |
| US Treasury N/BT | 0.53% | 0.44% | 0.44% |
| US Treasury N/B | 1.35% | 0.43% | 0.43% |
| US Treasury N/BT | 2.20% | 0.42% | 0.42% |
| US Treasury N/BT | 2.21% | 0.38% | 0.38% |
| US Treasury N/BT | 1.33% | 0.32% | 0.32% |
| US Treasury N/BT | 0.38% | 0.31% | 0.31% |
| US Treasury N/B | 2.20% | 0.31% | 0.31% |
| US Treasury N/B | 1.81% | 0.29% | 0.29% |
| US Treasury N/BT | 2.12% | 0.28% | 0.28% |
| US Treasury N/BT | 1.40% | 0.28% | 0.28% |
| US Treasury N/B | 2.03% | 0.28% | 0.28% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: SCHQ, SEC Form N-PORT, June 30, 2026; NUBD, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SCHQ | NUBD |
|---|---|---|
| Envestnet Asset Management Inc. | $43.4M | $36.8M |
| Morgan Stanley | $5.0M | $45.9M |
| Bank of New York Mellon Corp | $10.0M | $38.2M |
| LPL Financial LLC | $18.8M | $11.5M |
| MML Investors Services, LLC | $12.5M | $1.6M |
| Wells Fargo & Company | $8.3M | $2.5M |
| Cetera Investment Advisers | $7.4M | $1.3M |
| Bank of America Corp. | $2.6M | $5.8M |
| JPMorgan Chase & Co | $3.4M | $4.5M |
| Royal Bank of Canada | $4.5M | $2.5M |
| Park Avenue Securities LLC | $2.3M | $3.0M |
| Assetmark, Inc. | $563 | $4.0M |
| Goldman Sachs Group Inc. | $2.8M | $723K |
| UBS Group AG | $3K | $2.5M |
| Raymond James Financial Inc. | $1.7M | $534K |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: SCHQ institutional holders, NUBD institutional holders.
Frequently asked questions
How much do SCHQ and NUBD overlap?
10.1% by weight, with 49 holdings in common, using holdings for SCHQ as of June 30, 2026 and NUBD as of July 31, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both SCHQ and NUBD?
30 Form 13F filers report positions in both, out of 211 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.