MSLC vs SCHX: Differences, Returns & Fees

MSLC and SCHX hold 82% of their weight in the same names, and SCHX returned +16.6% over the year. Net assets on May 31, 2026: $4.0bn for Morgan Stanley Pathway Large Cap Equity ETF and $72.6bn for Schwab U.S. Large-Cap ETF.

SCHX costs 0.36 points a year less; their one-year returns differ by 2.3 points; SCHX is 18.2 times larger.

MSLC vs SCHX: Differences, Returns & Fees
MSLCSCHX
Expense ratio0.39%0.03%
Net assets, as of May 31, 2026$4.0bn$72.6bn
Total return, 1 year+14.3%+16.6%
What it tracksNo index, actively managedDow Jones U.S. Large-Cap Total Stock Market Index
Holdings in common82%
Top ten holdings, share of the fund34.8%37.3%

Holdings in common uses holdings dated May 31, 2026.

+14.3%
MSLC total return, 1 year
+16.6%
SCHX total return, 1 year
0.39%
MSLC expense ratio
0.03%
SCHX expense ratio

What they hold in common

By the books each fund has filed, MSLC and SCHX hold 82% 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

82% in common

Positions both hold, largest shared weight first
Holding MSLC SCHX
NVIDIA CORP 6.61% 7.50%
MICROSOFT CORP 4.98% 4.88%
APPLE INC 4.87% 6.69%
AMAZON.COM INC 4.46% 3.87%
ALPHABET INC-CL A 3.45% 3.23%
BROADCOM INC 2.87% 3.10%
ALPHABET INC-CL C 2.14% 2.57%
META PLATFORMS INC-CLASS A 2.33% 2.02%
MICRON TECHNOLOGY INC 1.76% 1.60%
TESLA INC 1.32% 1.79%
JPMORGAN CHASE & CO 1.37% 1.18%
BERKSHIRE HATHAWAY INC-CL B 1.10% 1.27%
Only in MSLC
BROOKFIELD CORP 0.66%
SANDISK CORP 0.22%
HEICO CORP-CLASS A 0.16%
TAIWAN SEMICONDUCTOR-SP ADR 0.16%
ASML HOLDING NV-NY REG SHS 0.13%
CONSTELLATION SOFTWARE INC 0.08%
SPOTIFY TECHNOLOGY SA 0.07%
AIRBUS SE - UNSP ADR 0.07%
Only in SCHX
NXP Semiconductors NV 0.12%
Bloom Energy Corp 0.11%
TE Connectivity PLC 0.09%
Credo Technology Group Holding Ltd 0.06%
Amrize Ltd 0.04%
CoreWeave Inc 0.04%
IonQ Inc 0.04%
Fabrinet 0.03%

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On the same fields

MSLC
Morgan Stanley Pathway Large Cap Equity ETF
SCHX
Schwab U.S. Large-Cap ETF
Where it sits Stock ETF Stock ETF
What it is Actively managed Tracks an index of U.S. Large-Cap
Total return, 1 year +14.3% +16.6%
Expense ratio 0.39% 0.03%
Already in the S&P 500 92.3% 94.5%
Holdings 1007 748
Net assets, as of May 31, 2026 $4.0bn $72.6bn

MSLC and SCHX 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 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, MSLC or SCHX?
In the year to Oct 9, 2026, with distributions reinvested, MSLC returned +14.3% and SCHX +16.6%.
Which is cheaper, MSLC or SCHX?
SCHX 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.
How much do MSLC and SCHX overlap with the S&P 500?
By their latest filed holdings, 92% of MSLC and 94% of SCHX by weight is stocks the S&P 500 already holds.
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ETFIQ, MSLC against SCHX, data as of Oct 9, 2026. https://etfiq.com/compare/any/mslc-vs-schx

Open data

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