What is the fee difference between SCHB and SCHX?

There is none. Both SCHB and SCHX charge an expense ratio of 0.03% a year, which works out to about $3 a year on a $10,000 investment. Cost is not a reason to prefer one over the other; the decision comes down to whether you want small and mid caps included in the fund.

How much do the holdings of SCHB and SCHX overlap?

All ten of the largest holdings are the same in both funds: NVIDIA, Apple, Microsoft, Amazon, Alphabet (both share classes), Broadcom, Meta, Micron and Tesla. Weights are slightly higher in SCHX because it has fewer holdings; NVIDIA is 7.7% of SCHX and 7.2% of SCHB. The extra 1,600 or so stocks in SCHB are small and mid caps with modest individual weights.

Which fund pays more in dividends?

The yields are almost identical: SCHB yields 1.01% and SCHX yields 1.00%. Both are market-cap weighted with the same dominant holdings, and the additional smaller companies in SCHB add only a fraction to the payout. Neither is designed as an income fund.

Which fund suits which investment goal?

SCHB suits investors who want a single fund that owns the whole US stock market, including small and mid caps, so they never need to add a separate small-cap fund. SCHX suits investors who prefer to hold large caps in one fund and decide separately whether, and how much, to allocate to smaller companies.

How do SCHB and SCHX compare on size and liquidity?

SCHX is the larger fund at about $73.9 billion in net assets, while SCHB holds about $44.4 billion. Both launched on November 3, 2009 and trade actively on US exchanges, so retail investors should have no trouble buying or selling either during market hours.

How different are the returns likely to be?

Because both funds are market-cap weighted and share the same top holdings, large caps drive most of the performance of each. SCHB's small and mid caps make up a minority of its assets, so the two funds tend to move closely together, with SCHB diverging when smaller companies perform very differently from large ones.

Are there tax differences between SCHB and SCHX?

Both are US-listed ETFs paying similar yields of about 1%, so for non-US investors the US withholding tax on dividends is broadly the same. Tax treatment depends on your country's treaty with the US and on the type of account you use, so check the rules that apply to you.

Can I hold both SCHB and SCHX?

You can, but there is little reason to. SCHB already contains everything in SCHX, and their top ten holdings are identical, so holding both simply duplicates large-cap exposure. Investors usually pick one: SCHB for total-market coverage, or SCHX paired with a separate small-cap fund for more control.

SCHB vs SCHX

Q: What index does each fund track?

SCHB tracks the Dow Jones US Broad Stock Market index, which covers about 2,380 large, mid and small US companies. SCHX tracks the Dow Jones US Total Stock Market Large-Cap index, which holds roughly the 750 largest US companies. SCHX's holdings are essentially the large-cap portion of SCHB.

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

SCHB tracks the Dow Jones US Broad Stock Market index with about 2,380 holdings, while SCHX tracks the Dow Jones US Total Stock Market Large-Cap index with about 750. Both charge 0.03% a year, share the same ten largest holdings, and yield about 1%. SCHB suits investors who want small and mid caps included; SCHX suits those who want large caps only. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHB

Metric

SCHX

0.03%

Expense Ratio

0.03%

1.01%

Dividend Yield

1.00%

$44.42B

Net Assets

$73.93B

2,380

Holdings

750

Nov 3, 2009

Inception Date

Nov 3, 2009

Dow Jones US Broad Stock Market

Index Tracked

Dow Jones US Total Stock Market Large-Cap

Large Blend

Fund Category

Large Blend

Both funds charge the same annual fee.

Shared Top Holdings

Holding	SCHB	SCHX
NVDANVIDIA Corporation	7.21%	7.69%
AAPLApple Inc.	6.72%	7.16%
MSFTMicrosoft Corporation	5.02%	5.35%
AMZNAmazon.com, Inc.	3.34%	3.56%
GOOGLAlphabet Inc.	2.76%	2.95%
AVGOBroadcom Inc.	2.23%	2.38%
GOOGAlphabet Inc.	2.20%	2.35%
METAMeta Platforms, Inc.	2.03%	2.17%
MUMicron Technology, Inc.	1.50%	1.60%
TSLATesla, Inc.	1.40%	1.49%

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Investment Analysis

SCHB

Pros

About 2,380 holdings cover large, mid and small US companies in one fund
Expense ratio of 0.03% is the same as SCHX despite the broader coverage
Slightly higher dividend yield of 1.01% versus 1.00% for SCHX

Considerations

Smaller asset base of $44.4 billion compared with $73.9 billion for SCHX
Small and mid caps have little effect on the fund because it is market-cap weighted
Top ten holdings are identical to SCHX, so it is not a distinct bet

SCHX

Pros

Larger fund at $73.9 billion in net assets, trading since November 2009
Pure large-cap exposure with about 750 holdings and a 0.03% fee
Slightly higher weights in NVIDIA (7.7%) and Apple (7.2%) than SCHB

Considerations

No small or mid caps, so it misses part of the US market
Dividend yield of 1.00% is fractionally below SCHB's 1.01%
Same top ten as SCHB, so it offers no diversification benefit alongside it

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About SCHB and SCHX

SCHB (SCHB)

SCHB (Schwab U.S. Broad Market ETF) offers investors broad exposure to the US equity market by tracking a wide-capitalisation index of US-listed companies. It is structured as an exchange-traded fund from Charles Schwab and aims to capture the performance of the overall US stock market rather than just large-cap names. Investors should know it provides diversified single-ticket access to many sectors, can be used as a core equity holding, and typically has the trading flexibility of an ETF. As with all equity investments, values can rise and fall and past performance is no guarantee of future returns. This information is educational and not personal investment advice; check the fund’s prospectus and current factsheets for up-to-date details on holdings, fees, distributions and risks before making decisions.

SCHX (SCHX)

Schwab US Large‑Cap ETF (SCHX) offers broad exposure to the largest US companies through a single, passively managed fund. It aims to replicate the performance of a large‑cap US equity index, providing diversified access to established names across multiple sectors. SCHX is positioned as a low‑cost core equity holding for investors seeking market‑capitalisation‑weighted large‑cap returns, and it trades on exchanges like a stock. Advantages include simplicity, intraday liquidity and typically lower fees than many active managers. However, like all equity ETFs, its value fluctuates with the market and past performance does not predict future results. SCHX may suit investors looking for long‑term US large‑cap exposure within a diversified portfolio, but it is general information only and not personalised investment advice—suitability depends on individual goals, time horizon and risk tolerance.

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SCHB vs SCHX

Fund Snapshot