Data as of Oct 28, 2026.
SCHX vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHX returned +13.1% to SPHQ's +14.1%; 19% of their weight is in the same names.
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Net assets: $74.2bn on Aug 31, 2026 for Schwab U.S. Large-Cap ETF, and $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
SCHX costs 0.12 points a year less; their one-year returns differ by 1.0 point.
| Measure | SCHX | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.1% | +14.1% |
| Drawdown | ||
| Below its high | 6.4%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Large-Cap Total Stock Market Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.15% |
| Net assets, SCHX as of Aug 31, 2026 and SPHQ as of Oct 27, 2026 | $74.2bn | $18.7bn |
| Holdings | ||
| Holdings in common | 19% | |
| Top ten holdings, share of the fund | 36.0% | 43.3% |
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 returns · each against IVVSPHQ returned slightly more: +901.2% to +831.5%. SPHQ swung slightly less: 15.5% to 16.2%. SPHQ fell less at its worst: −28.8% to −32.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHX | SPHQ | IVV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +831.5% | +901.2% | SPHQ (slight) | Price change plus distributions, reinvested. | |
| Annualized | +14.0% | +14.5% | SPHQ (slight) | Total return as a yearly rate. | |
| Price return | +597.2% | +666.4% | SPHQ | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 16.2% | 15.5% | SPHQ (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.2% | 10.7% | SPHQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −32.3% | −28.8% | SPHQ | Deepest fall from a high to the low after it. | |
| Upside capture | 100.5% | 90.9% | 100.0% | SCHX (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.5% | 93.5% | 100.0% | SPHQ (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.01 | 0.92 | 1.00 | SPHQ lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.91 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.80 | 0.86 | SPHQ (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.16 | 1.24 | SPHQ (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.129 | 0.144 | 0.130 | SPHQ | Return above Treasury bills per unit of beta. |
| Calmar | 0.43 | 0.50 | SPHQ | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IVV | IVV | IVV | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | +1.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.62 | 1.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.6% to +0.3% | −0.9% to +3.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.05 | 0.05 | SPHQ | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.9% | 4.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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, SCHX and SPHQ hold 19% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
19% in common
Only in one fund ↓
Side by side
SCHX and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHX and SPHQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SCHX follows Dow Jones U.S. Large-Cap Total Stock Market Index and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 19% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- Number of holdings. SCHX holds 747 positions and SPHQ holds 102.
Data as of Oct 28, 2026.
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SCHX
SCHX tracks an index of U.S. Large-Cap. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 747 positions, with the top ten at 36.0%.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% 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 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SCHX or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, SCHX returned +13.1% and SPHQ +14.1%.
- Which is cheaper, SCHX or SPHQ?
- 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.
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, SCHX against SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/schx-vs-sphq
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