Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHX vs USMV: how they differ
SCHX and USMV hold 31% of their weight in the same names, and SCHX returned more over the year.
Schwab U.S. Large-Cap ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SCHX and USMV hold 31% of their money in the same securities at the same weight.
| Holding | SCHX | USMV |
|---|---|---|
| NVIDIA Corp | 7.51% | 1.64% |
| Microsoft Corp | 4.89% | 1.56% |
| Berkshire Hathaway Inc | 1.27% | 1.42% |
| Exxon Mobil Corp | 0.89% | 1.60% |
| Apple Inc | 6.71% | 0.82% |
| Visa Inc | 0.80% | 0.94% |
| Johnson & Johnson | 0.80% | 1.44% |
| Walmart Inc | 0.74% | 0.88% |
| Cisco Systems Inc | 0.70% | 1.81% |
| Eli Lilly & Co | 1.28% | 0.66% |
| Mastercard Inc | 0.59% | 1.15% |
| AbbVie Inc | 0.56% | 0.63% |
| Only in SCHX | Only in USMV |
|---|---|
| Alphabet Inc 3.24% | Chubb Limited 1.50% |
| Tesla Inc 1.79% | WASTE CONNECTIONS, INC. 1.28% |
| JPMorgan Chase & Co 1.18% | ACCENTURE PUBLIC LIMITED COMPANY 0.75% |
| Intel Corp 0.79% | LINDE PUBLIC LIMITED COMPANY 0.69% |
| Caterpillar Inc 0.60% | TE CONNECTIVITY PUBLIC LIMITED COMPANY 0.59% |
| Lam Research Corp 0.58% | ARCH CAPITAL GROUP LTD. 0.50% |
| Bank of America Corp 0.50% | AON PUBLIC LIMITED COMPANY 0.43% |
| General Electric Co 0.50% | MercadoLibre, Inc. 0.34% |
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 Apr 30, 2026 and May 31, 2026.
| SCHX Schwab U.S. Large-Cap ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | iShares |
| What it is | U.S. Large-Cap | MSCI USA Min Vol Factor |
| Total return, 1 year | +16.8% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.7 pts | −10.9 pts |
| Expense ratio | 0.03% | 0.15% |
| Already in the S&P 500 | 94.9% | 94.8% |
| Holdings | 748 | 170 |
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%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, SCHX or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, SCHX returned +16.8% and USMV returned +6.6%, so SCHX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHX or USMV?
- SCHX charges 0.03% a year and USMV charges 0.15%, so SCHX is cheaper. Fees come from each fund's prospectus.
- How much do SCHX and USMV overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHX and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 31% of their books are the same securities at the same weight.
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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 USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHX-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources