Data as of Oct 28, 2026.
SCHB vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHB returned +13.4% to SPY's +13.6%; 88% of their weight is in the same names.
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Net assets: $44.6bn on Aug 31, 2026 for Schwab U.S. Broad Market ETF, and $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust.
Pair scorecard
SCHB costs 0.06 points a year less; their one-year returns differ by 0.2 points.
| Measure | SCHB | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +13.6% |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Broad Stock Market Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.09% |
| Net assets, SCHB as of Aug 31, 2026 and SPY as of Oct 27, 2026 | $44.6bn | $814.8bn |
| Holdings | ||
| Holdings in common | 88% | |
| Top ten holdings, share of the fund | 33.7% | 38.1% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 13, 2009 to Oct 23, 2026 · 884 weekly returnsSPY returned slightly more: +837.0% to +807.9%. SPY swung slightly less: 16.0% to 16.5%. SPY fell slightly less at its worst: −31.8% to −33.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHB | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +807.9% | +837.0% | SPY (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.9% | +14.1% | Tie | Total return as a yearly rate. |
| Price return | +582.0% | +593.3% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.5% | 16.0% | SPY (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.4% | 11.0% | SPY (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.3% | −31.8% | SPY (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.81 | SPY (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.13 | 1.17 | SPY (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.42 | 0.44 | SPY (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 884 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHB and SPY hold 88% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
88% in common
Only in one fund ↓
Side by side
SCHB and SPY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHB and SPY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SCHB follows Dow Jones U.S. Broad Stock Market Index and SPY follows S&P 500 Index.
- Number of holdings. SCHB holds 2,372 positions and SPY holds 504.
- Holdings in common (similar). 88% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
Data as of Oct 28, 2026.
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SCHB
SCHB tracks an index of US broad market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,372 positions, with the top ten at 33.7%.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, SCHB or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, SCHB returned +13.4% and SPY +13.6%.
- Which is cheaper, SCHB or SPY?
- SCHB is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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, SCHB against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/schb-vs-spy
ETFIQ. (Oct 28, 2026). SCHB against SPY. Retrieved from https://etfiq.com/compare/any/schb-vs-spy
[SCHB against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schb-vs-spy)
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