MSLC vs SCHB: Differences, Returns & Fees
MSLC and SCHB hold 81% of their weight in the same names, and SCHB returned +16.8% over the year. Net assets on May 31, 2026: $4.0bn for Morgan Stanley Pathway Large Cap Equity ETF and $43.3bn for Schwab U.S. Broad Market ETF.
SCHB costs 0.36 points a year less; their one-year returns differ by 2.5 points; SCHB is 10.8 times larger.
| MSLC | SCHB | |
|---|---|---|
| Expense ratio | 0.39% | 0.03% |
| Net assets, as of May 31, 2026 | $4.0bn | $43.3bn |
| Total return, 1 year | +14.3% | +16.8% |
| What it tracks | No index, actively managed | Dow Jones U.S. Broad Stock Market Index |
| Holdings in common | 81% | |
| Top ten holdings, share of the fund | 34.8% | 34.9% |
Holdings in common uses holdings dated May 31, 2026.
What they hold in common
By the books each fund has filed, MSLC and SCHB hold 81% 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.
half
81% in common
On the same fields
MSLC and SCHB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About MSLC
MSLC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings filed for May 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,007 positions, with the top ten at 34.8%.
About SCHB
SCHB tracks an index of US broad market. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings filed for May 31, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 2,405 positions, with the top ten at 34.9%.
Questions people ask
- Which returned more over the last year, MSLC or SCHB?
- In the year to Oct 9, 2026, with distributions reinvested, MSLC returned +14.3% and SCHB +16.8%.
- Which is cheaper, MSLC or SCHB?
- SCHB is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, MSLC against SCHB, data as of Oct 9, 2026. https://etfiq.com/compare/any/mslc-vs-schb
ETFIQ. (Oct 9, 2026). MSLC against SCHB. Retrieved from https://etfiq.com/compare/any/mslc-vs-schb
[MSLC against SCHB (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/mslc-vs-schb)
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