Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHX vs SPY: how they differ
SCHX and SPY hold 90% of their weight in the same names, and SPY returned more over the year.
Schwab U.S. Large-Cap ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, SCHX and SPY hold 90% of their money in the same securities at the same weight.
| Holding | SCHX | SPY |
|---|---|---|
| NVIDIA Corp | 7.51% | 7.52% |
| Apple Inc | 6.71% | 6.59% |
| Microsoft Corp | 4.89% | 4.30% |
| Amazon.com Inc | 3.87% | 3.62% |
| Alphabet Inc | 3.24% | 3.25% |
| Broadcom Inc | 3.10% | 2.77% |
| Alphabet Inc | 2.58% | 2.59% |
| Meta Platforms Inc | 2.02% | 1.92% |
| Tesla Inc | 1.79% | 1.84% |
| Micron Technology Inc | 1.60% | 2.02% |
| Eli Lilly & Co | 1.28% | 1.47% |
| Berkshire Hathaway Inc | 1.27% | 1.42% |
| Only in SCHX | Only in SPY |
|---|---|
| Linde PLC 0.34% | Sandisk Corp. 0.52% |
| Seagate Technology Holdings PLC 0.28% | Linde plc 0.37% |
| Eaton Corp PLC 0.23% | Seagate Technology Holdings plc 0.34% |
| Honeywell International Inc 0.22% | Eaton Corp. plc 0.26% |
| Accenture PLC 0.17% | Chubb Ltd. 0.19% |
| Chubb Ltd 0.17% | Trane Technologies plc 0.17% |
| Trane Technologies PLC 0.15% | Medtronic plc 0.16% |
| Medtronic PLC 0.14% | Royal Caribbean Cruises Ltd. 0.12% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| SCHX Schwab U.S. Large-Cap ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | State Street |
| What it is | U.S. Large-Cap | S&P 500, book from IVV |
| Total return, 1 year | +16.8% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.7 pts | 0.0 pts |
| Expense ratio | 0.03% | 0.09% |
| Already in the S&P 500 | 94.9% | 100.0% |
| Holdings | 748 | 504 |
SCHX in plain words
SCHX is an index equity fund tracking the U.S. Large-Cap. Over the year to Sep 11, 2026 it returned +16.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 748 positions, with the top ten at 37.3%.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, SCHX or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, SCHX returned +16.8% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHX or SPY?
- SCHX charges 0.03% a year and SPY charges 0.09%, so SCHX is cheaper. Fees come from each fund's prospectus.
- How much do SCHX and SPY overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHX and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 90% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCHX against SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHX-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources