MSLC vs SCHK
Morgan Stanley Pathway Large Cap Equity ETF vs Schwab 1000 Index ETF
Which is better, MSLC or SCHK?
Nearly the same fund. SCHK costs less.
SCHK has a lower expense ratio. SCHK led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. MSLC is less concentrated, with 35.6% of the fund in its ten largest positions against 36.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MSLC | SCHK |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $4.1B | $5.8B |
| Dividend Yield | 1.95% | 1.04% |
| Holdings | 793 | 986 |
| YTD Return | +10.97% | +13.20%Best |
| 1Y Return | +14.08% | +16.85%Best |
| 3Y Return (annualized) | - | +22.21% |
| 5Y Return (annualized) | - | +12.41% |
| Volatility (annualized) | 11.9%Best | 12.4% |
| Max Drawdown | -17.9%Best | -19.2% |
| $10,000 over 1.8 years | $12,375 | $12,810Best |
| Top 10 Weight | 35.6%Best | 36.0% |
| Fund Family | Morgan Stanley | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 9, 2024 | Oct 11, 2017 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 9, 2024 to Oct 14, 2026 (1.8 years).
MSLC vs SCHK growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
MSLC vs SCHK Performance
Morgan Stanley Pathway Large Cap Equity ETF (MSLC) is an ETF from Morgan Stanley and Schwab 1000 Index ETF (SCHK) is an ETF from Charles Schwab Asset Management. Over the past year MSLC returned +14.08% while SCHK returned +16.85%. Year to date, MSLC is up 10.97% versus a gain of 13.20% for SCHK.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHK has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 11.9% for MSLC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.9% for MSLC and -19.2% for SCHK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MSLC charges 0.39% per year while SCHK charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, MSLC currently yields 1.95% against 1.04% for SCHK.
Holdings Overlap
96.4% of MSLC's money is in holdings SCHK also owns. 95.3% of SCHK's money is in holdings MSLC also owns.
Most of MSLC is already inside SCHK. Owning both mostly buys the same companies twice.
702 positions in common, counted across the 789 positions we hold weights for in MSLC and 998 in SCHK, against full books of 793 and 986.
What only one of them owns
Our book lists 259 positions for SCHK that do not appear in our book for MSLC (4.1% of the fund), and 16 for MSLC that do not appear in SCHK (0.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MSLC | Weight in SCHK | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.04% | 7.83% | 0.79% |
| AAPLApple, Inc | 5.80% | 6.74% | 0.94% |
| MSFTMicrosoft Corp | 5.55% | 5.32% | 0.23% |
| AMZNAmazon.Com Inc | 4.07% | 3.42% | 0.65% |
| GOOGLAlphabet Inc | 3.23% | 2.79% | 0.44% |
| AVGOBroadcom Inc | 2.49% | 2.34% | 0.15% |
| METAMeta Platforms Inc | 2.31% | 2.22% | 0.09% |
| GOOGAlphabet Inc. C | 1.95% | 2.24% | 0.29% |
| MUMicron Technology, Inc. | 1.60% | 1.68% | 0.08% |
| JPMJpmorgan Chase | 1.61% | 1.22% | 0.39% |
96.4% of MSLC is already inside SCHK.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MSLC or SCHK?
MSLC has an expense ratio of 0.39% while SCHK charges 0.03%. SCHK is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, MSLC or SCHK?
Over the past year MSLC returned +14.08% vs +16.85% for SCHK, so SCHK leads on 1-year performance. Over the longest common window we track (2 years), MSLC annualized +12.57% vs +14.75% for SCHK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSLC or SCHK?
SCHK has been the more volatile fund at 12.4% annualized versus 11.9% for MSLC. Worst drawdown: MSLC -17.9% vs SCHK -19.2%.
Should I hold both MSLC and SCHK?
MSLC and SCHK have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MSLC and SCHK?
96.4% of MSLC's money is in holdings SCHK also owns. 95.3% of SCHK's is in holdings MSLC also owns. They hold 702 positions in common, counted across the 789 positions we hold weights for in MSLC and 998 in SCHK.
Which pays a higher dividend, MSLC or SCHK?
MSLC yields 1.95% while SCHK yields 1.04%, so MSLC currently pays the higher dividend yield.
Is SCHK better than MSLC?
SCHK has a lower expense ratio. SCHK led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. MSLC is less concentrated, with 35.6% of the fund in its ten largest positions against 36.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.