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IWL vs SCHX: Differences, Returns & Fees

IWL and SCHX hold 77% of their weight in the same names. Net assets: $2.3bn on Oct 9, 2026 for iShares Russell Top 200 ETF, and $72.6bn on May 31, 2026 for Schwab U.S. Large-Cap ETF.

SCHX costs 0.12 points a year less; their one-year returns differ by 0.2 points; SCHX is far larger, $52.6bn against $1.7bn.

IWL vs SCHX: Differences, Returns & Fees
IWLSCHX
Expense ratio0.15%0.03%
Net assets, as of Feb 28, 2025$1.7bn$52.6bn
Total return, 1 year+16.8%+16.6%
What it tracksRussell Top 200 IndexDow Jones U.S. Large-Cap Total Stock Market Index
Holdings in common77%
Top ten holdings, share of the fund44.6%37.3%

Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.

+16.8%
IWL total return, 1 year
+16.6%
SCHX total return, 1 year
0.15%
IWL expense ratio
0.03%
SCHX expense ratio

What they hold in common

By the books each fund has filed, IWL and SCHX hold 77% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 9, 2026.

half

77% in common

Positions both hold, largest shared weight first
Holding IWL SCHX
NVIDIA 9.18% 7.50%
APPLE 8.35% 6.69%
MICROSOFT 6.82% 4.88%
AMAZON.COM INC 4.37% 3.87%
ALPHABET CLASS A 3.52% 3.23%
BROADCOM INC 2.89% 3.10%
ALPHABET CLASS C 2.84% 2.57%
META PLATFORMS CLASS A 2.71% 2.02%
TESLA INC 1.92% 1.79%
MICRON TECHNOLOGY 1.99% 1.60%
ELI LILLY 1.62% 1.28%
BERKSHIRE HATHAWAY INC CLASS B 1.65% 1.27%
Only in IWL
EXXONMOBIL HOLDINGS CORP 1.19%
APPLIED MATERIAL INC 0.69%
GE AEROSPACE 0.55%
TEXAS INSTRUMENT INC 0.44%
SANDISK 0.40%
MCDONALDS CORP 0.29%
TJX 0.26%
PROLOGIS REIT 0.21%
Only in SCHX
Exxon Mobil Corp 0.89%
Applied Materials Inc 0.52%
General Electric Co 0.50%
Texas Instruments Inc 0.41%
McDonald's Corp 0.29%
Seagate Technology Holdings PLC 0.28%
TJX Cos Inc/The 0.25%
Prologis Inc 0.20%

Check overlap with more funds →

On the same fields

IWL
iShares Russell Top 200 ETF
SCHX
Schwab U.S. Large-Cap ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Schwab
What it is Tracks an index Tracks an index of U.S. Large-Cap
Total return, 1 year +16.8% +16.6%
Expense ratio 0.15% 0.03%
Already in the S&P 500 99.2% 94.5%
Holdings 202 748
Net assets, IWL as of Oct 9, 2026 and SCHX as of May 31, 2026 $2.3bn $72.6bn

IWL and SCHX on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

About SCHX

SCHX tracks an index of U.S. Large-Cap. Over the year to Oct 9, 2026 it returned +16.6% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings filed for May 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 748 positions, with the top ten at 37.3%.

Questions people ask

Which returned more over the last year, IWL or SCHX?
In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and SCHX +16.6%.
Which is cheaper, IWL or SCHX?
SCHX is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWL and SCHX overlap with the S&P 500?
By their latest filed holdings, 99% of IWL and 94% of SCHX by weight is stocks the S&P 500 already holds.
Other comparisons
IWL vs VVIWL vs VIGIWL vs SCHBIWL vs SPYMSCHX vs SFLRDFSU vs SCHXQDF vs SCHXSCHX vs TILT
IWL on its own →SCHX on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IWL filings on SEC EDGAR ↗IWL prospectus with the expense ratio (SEC) ↗iShares page for IWL ↗SCHX filings on SEC EDGAR ↗SCHX prospectus with the expense ratio (SEC) ↗Schwab website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, IWL against SCHX, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwl-vs-schx

Open data

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