Data as of Oct 28, 2026.
SCHX vs SPYM: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHX returned +13.1% to SPYM's +13.7%; 93% 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 $185.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 ETF.
Pair scorecard
SPYM costs 0.01 points a year less; their one-year returns differ by 0.6 points.
| Measure | SCHX | SPYM |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.1% | +13.7% |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Large-Cap Total Stock Market Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.02% |
| Net assets, SCHX as of Aug 31, 2026 and SPYM as of Oct 27, 2026 | $74.2bn | $185.0bn |
| Holdings | ||
| Holdings in common | 93% | |
| Top ten holdings, share of the fund | 36.0% | 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 returns · each against IVVSCHX and SPYM returned about the same: +831.5% and +847.4%. SPYM swung slightly less: 15.8% to 16.2%. SCHX and SPYM fell about the same at their worst: −32.3% and −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHX | SPYM | IVV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +831.5% | +847.4% | Tie | Price change plus distributions, reinvested. | |
| Annualized | +14.0% | +14.1% | Tie | Total return as a yearly rate. | |
| Price return | +597.2% | +607.5% | Tie | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 16.2% | 15.8% | SPYM (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.2% | 10.9% | SPYM (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −32.3% | −31.8% | Tie | Deepest fall from a high to the low after it. | |
| Upside capture | 100.5% | 96.2% | 100.0% | SCHX (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.5% | 97.7% | 100.0% | SPYM (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.01 | 0.97 | 1.00 | SPYM lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.80 | 0.82 | SPYM (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.16 | 1.19 | SPYM (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.129 | 0.134 | 0.130 | SPYM (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.43 | 0.44 | SPYM (slight) | 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 | +0.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.62 | 0.55 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.6% to +0.3% | −1.0% to +1.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.05 | 0.00 | SPYM | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.9% | 2.8% | 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 SPYM hold 93% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
93% in common
Only in one fund ↓
Side by side
SCHX and SPYM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHX and SPYM 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 SPYM follows S&P 500 Index.
- Holdings in common (similar). 93% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 SCHX returned +13.1% and SPYM +13.7% with distributions reinvested, a gap of 0.6 points.
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%.
SPYM
SPYM tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.02% 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 506 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, SCHX or SPYM?
- In the year to Oct 28, 2026, with distributions reinvested, SCHX returned +13.1% and SPYM +13.7%.
- Which is cheaper, SCHX or SPYM?
- SPYM is cheaper, by 0.01 percentage points a year. That is about $1 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 SPYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/schx-vs-spym
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