Data as of Oct 28, 2026.

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SCHX vs XLG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SCHX returned +13.1% to XLG's +6.4%; 59% 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 $11.9bn on Oct 27, 2026 for Invesco S&P 500 Top 50 ETF.

At a glance
+13.1%
SCHX total return, 1 year
+6.4%
XLG total return, 1 year
0.03%
SCHX expense ratio
0.20%
XLG expense ratio

Pair scorecard

SCHX costs 0.17 points a year less; their one-year returns differ by 6.7 points.

SCHX vs XLG: Differences, Returns & Fees
MeasureSCHXXLG
Return
Total return, 1 year+13.1%+6.4%
Benchmark
What it tracksDow Jones U.S. Large-Cap Total Stock Market IndexS&P 500 Top 50 Index
Cost and size
Expense ratio0.03%0.20%
Net assets, SCHX as of Aug 31, 2026 and XLG as of Oct 27, 2026$74.2bn$11.9bn
Holdings
Holdings in common59%
Top ten holdings, share of the fund36.0%60.3%

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 IVV
SCHX XLG
Return
Total return edge XLG (slight) +831.5% +898.4%
Annualized edge XLG (slight) +14.0% +14.5%
Price return edge XLG (slight) +597.2% +651.3%
Risk
Volatility edge Tie 16.2% 16.2%
Max drawdown edge XLG −32.3% −28.7%
Downside capture 100.5% 100.1%
Beta 1.01 0.98
Risk-adjusted
Sharpe edge XLG (slight) 0.80 0.83
Sortino edge XLG (slight) 1.16 1.21
Treynor 0.129 0.136
Calmar edge XLG 0.43 0.50
Against the benchmark
Alpha −0.1% a year +0.6% a year
Alpha t-stat −0.62 0.68
Information ratio −0.05 0.10
Tracking error 0.9% 3.6%
Reading

XLG returned slightly more: +898.4% to +831.5%. SCHX and XLG swung about the same: 16.2% and 16.2%. XLG fell less at its worst: −28.7% to −32.3%.

Full scorecard

19 measures, with how each is measured
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Risk and return: SCHX vs XLG: Differences, Returns & Fees
MeasureSCHXXLGIVVEdgeHow it is measured
Return
Total return+831.5%+898.4%XLG (slight)Price change plus distributions, reinvested.
Annualized+14.0%+14.5%XLG (slight)Total return as a yearly rate.
Price return+597.2%+651.3%XLG (slight)Price change alone, distributions left out.
Risk
Volatility16.2%16.2%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.2%11.0%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−32.3%−28.7%XLGDeepest fall from a high to the low after it.
Upside capture100.5%101.2%100.0%TieShare of its benchmark's rise caught in the weeks it rose.
Downside capture100.5%100.1%100.0%TieShare of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.010.981.00XLG lowerHow far it moves for each 1% its benchmark moves.
R squared1.000.951.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.800.83XLG (slight)Return above Treasury bills per unit of volatility.
Sortino1.161.21XLG (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.1290.1360.130XLG (slight)Return above Treasury bills per unit of beta.
Calmar0.430.50XLGAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkIVVIVVIVVThe ETF each fund is measured against.
Alpha−0.1% a year+0.6% a year0.0%Not significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−0.620.68Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.6% to +0.3%−1.1% to +2.3%Both include zeroThe 95% range for the yearly alpha.
Information ratio−0.050.10XLGReturn against its benchmark per unit of tracking error.
Tracking error0.9%3.6%0.0%Not an edgeHow 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

59%

By the books each fund has filed, SCHX and XLG hold 59% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

59% in common

Positions both hold · largest shared weight first SCHX XLG
NVIDIA Corp 7.69% 12.54%
Apple Inc 6.69% 12.04%
Microsoft Corp 5.42% 9.38%
Amazon.com Inc 3.66% 5.91%
Alphabet Inc 2.86% 4.47%
Broadcom Inc 2.52% 3.87%
Alphabet Inc 2.28% 3.58%
Meta Platforms Inc 1.81% 3.25%
Micron Technology Inc 1.56% 2.49%
Tesla Inc 1.49% 2.73%
JPMorgan Chase & Co 1.37% 2.13%
Berkshire Hathaway Inc 1.33% 2.40%
Only in one fund ↓
Only in SCHX
Palo Alto Networks Inc 0.45%
RTX Corp 0.40%
Crowdstrike Holdings Inc 0.34%
Amgen Inc 0.33%
Thermo Fisher Scientific Inc 0.33%
Citigroup Inc 0.32%
Salesforce Inc 0.30%
Arista Networks Inc 0.29%
Only in XLG
Sandisk Corp 0.45%
Invesco Government & Agency Portfolio 0.02%
SECURITIES LENDING - BNYM 0.00%
Check overlap with more funds →

Side by side

SCHX Schwab U.S. Large-Cap ETF XLG Invesco S&P 500 Top 50 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of U.S. Large-Cap Tracks the S&P 500 top 50
Total return, 1 year +13.1% +6.4%
Its benchmark over the same days +13.7% (IVV) +13.7% (IVV)
Gap to its benchmark −0.6 pts vs IVV −7.3 pts vs IVV
Expense ratio 0.03% 0.20%
Already in the S&P 500 93.6% 98.4%
Holdings 747 53
Net assets, SCHX as of Aug 31, 2026 and XLG as of Oct 27, 2026 $74.2bn $11.9bn

SCHX and XLG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-32030953F1

SCHX and XLG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. SCHX follows Dow Jones U.S. Large-Cap Total Stock Market Index and XLG follows S&P 500 Top 50 Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 SCHX returned +13.1% and XLG +6.4% with distributions reinvested, a gap of 6.7 points.
  3. Number of holdings. SCHX holds 747 positions and XLG holds 53.

Data as of Oct 28, 2026.

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About each fund
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%.

XLG

XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.

Questions people ask

Which returned more over the last year, SCHX or XLG?
In the year to Oct 28, 2026, with distributions reinvested, SCHX returned +13.1% and XLG +6.4%.
Which is cheaper, SCHX or XLG?
SCHX is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SCHX and XLG overlap with the S&P 500?
By their latest filed holdings, 94% of SCHX and 98% of XLG by weight is stocks the S&P 500 already holds.
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ETFIQ, SCHX against XLG, data as of Oct 28, 2026. https://etfiq.com/compare/any/schx-vs-xlg

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