Market Research Data

SCHB Correlation & Overlap

Fund Strategy Analysis

Schwab U.S. Broad Market ETF (SCHB) is a key instrument in the Broad Market category. Data regarding SCHB is frequently analyzed by investors planning tax loss harvesting strategies, specifically those seeking to maintain Broad Market exposure while navigating IRS wash sale regulations.

Note: This page summarizes historical similarity metrics and does not assess tax treatment or regulatory outcomes.

Top Correlated ETFs

Broad Market
VTI
CORR ≥ 0.99*
>0.99
Correlation
A holdings overlap of roughly 85% suggests that VTI and SCHB maintain aligned market exposure. This metric is frequently used to assess the potential for maintaining economic position while realizing a tax loss.
Overlap: ~85%
Yahoo Finance ↗View VTI Analysis →
ITOT
CORR ≥ 0.99*
>0.99
Correlation
ITOT shows a high degree of historical similarity with SCHB. With an estimated overlap of 84%, this pair is often analyzed in discussions regarding "substantially identical" securities.
Overlap: ~84%
Yahoo Finance ↗View ITOT Analysis →
VTHR
CORR ≥ 0.99*
>0.99
Correlation
VTHR shows a high degree of historical similarity with SCHB. With an estimated overlap of 82%, this pair is often analyzed in discussions regarding "substantially identical" securities.
Overlap: ~82%
Yahoo Finance ↗View VTHR Analysis →

Note on Overlap: Estimates are based on the most recent publicly disclosed holdings. Leveraged/Inverse products often use swaps resulting in low physical overlap despite high correlation.

Benchmark Similarity: ETFs tracking similar broad-market or sector-specific benchmarks often exhibit extremely high correlation. Investors typically review additional factors such as index methodology when evaluating similarity.

* Correlation calculated using 2-year daily price returns.

Wash Sale Re-Entry Date (Reference Tool)

If you sold SCHB at a loss, U.S. wash sale rules generally restrict repurchasing the same or a substantially identical security within 30 days.

*For informational purposes only. Consult a tax professional regarding IRC §1091. This tool calculates the 31st day following a sale.

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Related ETF Research

VOO MetricsIVV MetricsSPY MetricsQQQ MetricsVTI Metrics

What is Correlation?

Correlation measures the historical relationship between two assets. A value of 1.00 (100%) means they move perfectly in sync. For tax loss harvesting, high correlation is generally desired to stay in the market while realizing a loss.

Index Methodology

Under the wash sale rule, "substantially identical" assets are disallowed for loss claims. Many investors argue that ETFs tracking different indices (e.g., S&P 500 vs. Russell 1000) are not substantially identical.

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