Data as of Oct 28, 2026.
SCHB vs XLF: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHB returned +13.4% to XLF's +7.6%; 11% 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 $51.6bn on Oct 27, 2026 for State Street Financial Select Sector SPDR ETF.
Pair scorecard
SCHB costs 0.05 points a year less; their one-year returns differ by 5.8 points.
| Measure | SCHB | XLF |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +7.6% |
| Drawdown | ||
| Below its high | 3.8%, high on Sep 3, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Broad Stock Market Index | Financial Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.08% |
| Net assets, SCHB as of Aug 31, 2026 and XLF as of Oct 27, 2026 | $44.6bn | $51.6bn |
| Holdings | ||
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 33.7% | 57.4% |
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 returnsSCHB returned more: +807.9% to +533.7%. SCHB swung less: 16.5% to 20.8%. SCHB fell less at its worst: −33.3% to −39.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHB | XLF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +807.9% | +533.7% | SCHB | Price change plus distributions, reinvested. |
| Annualized | +13.9% | +11.5% | SCHB | Total return as a yearly rate. |
| Price return | +582.0% | +281.3% | SCHB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.5% | 20.8% | SCHB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.4% | 14.3% | SCHB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.3% | −39.3% | SCHB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.55 | SCHB | Return above Treasury bills per unit of volatility. |
| Sortino | 1.13 | 0.81 | SCHB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.42 | 0.29 | SCHB | 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 XLF hold 11% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
11% in common
Only in one fund ↓
Side by side
SCHB and XLF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHB and XLF do different jobs. What does each one do in a portfolio?
- What each follows. SCHB follows Dow Jones U.S. Broad Stock Market Index and XLF follows Financial Select Sector Index.
- Holdings in common. 11% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHB returned +13.4% and XLF +7.6% with distributions reinvested, a gap of 5.8 points.
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%.
XLF
XLF tracks an index of Financials. Over the year to Oct 28, 2026 it returned +7.6% with distributions reinvested. The prospectus expense ratio is 0.08% 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 77 positions, with the top ten at 57.4%. It sat 3.8% below its high of Sep 3, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SCHB or XLF?
- In the year to Oct 28, 2026, with distributions reinvested, SCHB returned +13.4% and XLF +7.6%.
- Which is cheaper, SCHB or XLF?
- SCHB is cheaper, by 0.05 percentage points a year. That is about $5 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 XLF, data as of Oct 28, 2026. https://etfiq.com/compare/any/schb-vs-xlf
ETFIQ. (Oct 28, 2026). SCHB against XLF. Retrieved from https://etfiq.com/compare/any/schb-vs-xlf
[SCHB against XLF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schb-vs-xlf)
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