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Data as of Oct 28, 2026.

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FPX vs SCHM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FPX returned +2.9% to SCHM's +18.2%; 12% of their weight is in the same names.

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Net assets: $1.4bn on Oct 27, 2026 for First Trust US Equity Opportunities ETF, and $14.9bn on Aug 31, 2026 for Schwab U.S. Mid-Cap ETF.

FPX on its own →SCHM on its own →
At a glance
+2.9%
FPX total return, 1 year
+18.2%
SCHM total return, 1 year
0.57%
FPX expense ratio
0.03%
SCHM expense ratio

Pair scorecard

SCHM costs 0.54 points a year less; their one-year returns differ by 15.3 points.

FPX vs SCHM: Differences, Returns & Fees
MeasureFPXSCHM
Return
Total return, 1 year+2.9%+18.2%
Drawdown
Below its high15.9%, high on Jun 30, 20265.1%, high on Jun 30, 2026
Benchmark
What it tracksIPOX -100 U.S. IndexDow Jones U.S. Mid-Cap Total Stock Market Index
Cost and size
Expense ratio0.57%0.03%
Net assets, FPX as of Oct 27, 2026 and SCHM as of Aug 31, 2026$1.4bn$14.9bn
Holdings
Holdings in common12%
Top ten holdings, share of the fund46.4%12.4%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

What they share

12%

By the books each fund has filed, FPX and SCHM hold 12% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first FPX SCHM
Sandisk Corporation 5.46% 4.32%
Lumentum Holdings Inc. 2.67% 1.32%
Revolution Medicines, Inc. 1.19% 0.77%
Twilio Inc. (Class A) 2.01% 0.67%
Royalty Pharma Plc (Class A) 1.42% 0.45%
MKS, Inc. 0.33% 0.32%
Jazz Pharmaceuticals Plc 0.92% 0.29%
Roivant Sciences Ltd. 1.51% 0.29%
HF Sinclair Corp. 3.25% 0.29%
AST SpaceMobile, Inc. 0.37% 0.29%
Rubrik, Inc. (Class A) 0.82% 0.28%
Unity Software Inc. 1.51% 0.27%
Only in one fund ↓
Only in FPX
Space Exploration Technologies Corp. (Class A) 9.24%
Eli Lilly and Company 8.28%
GE Vernova Inc. 7.36%
Seagate Technology Holdings Plc 4.17%
Corpay, Inc. 2.09%
The Goldman Sachs Group, Inc. 1.89%
Honeywell Aerospace Inc. 1.75%
DoorDash, Inc. (Class A) 1.52%
Only in SCHM
Coherent Corp 1.01%
Ciena Corp 1.01%
Bloom Energy Corp 1.00%
Moderna Inc 0.92%
Flex Ltd 0.75%
Steel Dynamics Inc 0.59%
TechnipFMC PLC 0.58%
Centene Corp 0.56%
Check overlap with more funds →

Side by side

FPX First Trust US Equity Opportunities ETF SCHM Schwab U.S. Mid-Cap ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Schwab
What it is Tracks an index Tracks an index
Total return, 1 year +2.9% +18.2%
Its benchmark over the same days +13.7% (IVV) +13.7% (VOO)
Gap to its benchmark −10.8 pts vs IVV +4.5 pts vs VOO
Expense ratio 0.57% 0.03%
Already in the S&P 500 50.6% 30.2%
Holdings 99 491
Net assets, FPX as of Oct 27, 2026 and SCHM as of Aug 31, 2026 $1.4bn $14.9bn

FPX and SCHM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
FPX

FPX tracks an index. Over the year to Oct 28, 2026 it returned +2.9% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Oct 27, 2026, 51% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 46.4%. It sat 15.9% below its high of Jun 30, 2026 on Oct 28, 2026.

SCHM

SCHM tracks an index. Over the year to Oct 28, 2026 it returned +18.2% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 491 positions, with the top ten at 12.4%. It sat 5.1% below its high of Jun 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FPX or SCHM?
In the year to Oct 28, 2026, with distributions reinvested, FPX returned +2.9% and SCHM +18.2%.
Which is cheaper, FPX or SCHM?
SCHM is cheaper, by 0.54 percentage points a year. That is about $54 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FPX and SCHM overlap with the S&P 500?
By their latest filed holdings, 51% of FPX and 30% of SCHM by weight is stocks the S&P 500 already holds.
Other comparisons
FPX vs XMMOFPX vs XMHQFPX vs IMCGFPX vs IVOORSP vs SCHMFTC vs SCHMMLRG vs SCHMFLQM vs SCHM
Where to next
FPX on its own →SCHM on its own →Hold both: look the portfolio through →Rankings →FPX dividend history →FPX holdings →SCHM dividend history →SCHM holdings →Standards and sources →
Sources and dates
FPX filings on SEC EDGAR ↗
FPX prospectus with the expense ratio (SEC) ↗
First Trust page for FPX ↗
SCHM filings on SEC EDGAR ↗
SCHM prospectus with the expense ratio (SEC) ↗
Schwab website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, FPX against SCHM, data as of Oct 28, 2026. https://etfiq.com/compare/any/fpx-vs-schm

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.