SCHX vs SPYM
Schwab US Large-Cap ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, SCHX or SPYM?
Nearly the same fund. SPYM costs less.
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SCHX is less concentrated, with 36.9% of the fund in its ten largest positions against 39.0%.
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 | SCHX | SPYM |
|---|---|---|
| Expense Ratio | 0.03% | 0.02%Best |
| AUM | $75.3B | $185.2B |
| Dividend Yield | 1.04% | 1.01% |
| Holdings | 752 | 509 |
| YTD Return | +13.08% | +13.57%Best |
| 1Y Return | +16.62% | +17.53%Best |
| 3Y Return (annualized) | +22.27% | +22.46%Best |
| 5Y Return (annualized) | +12.56% | +13.29%Best |
| Volatility (annualized) | 14.7%Tie | 14.7%Tie |
| Max Drawdown | -34.3%Tie | -34.3%Tie |
| $10,000 over 5 years | $18,068 | $18,662Best |
| Top 10 Weight | 36.9%Best | 39.0% |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 3, 2009 | Nov 8, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Oct 14, 2026 (12.7 years).
SCHX vs SPYM 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 12.7 years both funds cover.
SCHX vs SPYM Performance
Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year SCHX returned +16.62% while SPYM returned +17.53%. Year to date, SCHX is up 13.08% versus a gain of 13.57% for SPYM.
Over three years, SCHX compounded at +22.27% per year against +22.46% for SPYM; over five years the annualized figures are +12.56% and +13.29% respectively. Across the full 13-year window we track, SPYM has the edge at +12.62% annualized vs +12.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX and SPYM have been equally volatile, both at 14.7% annualized.
The deepest peak-to-trough decline in our data was -34.3% for SCHX and -34.3% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHX charges 0.03% per year while SPYM charges 0.02%. On a $10,000 position that is $3 vs $2 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHX currently yields 1.04% against 1.01% for SPYM.
Holdings Overlap
93.9% of SCHX's money is in holdings SPYM also owns. 99.4% of SPYM's money is in holdings SCHX also owns.
Most of SPYM is already inside SCHX. Owning both mostly buys the same companies twice.
494 positions in common, counted across the 752 positions we hold weights for in SCHX and 505 in SPYM, against full books of 752 and 509.
What only one of them owns
Our book lists 6 positions for SPYM that do not appear in our book for SCHX (0.1% of the fund), and 237 for SCHX that do not appear in SPYM (5.5%).
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 SCHX | Weight in SPYM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.02% | 8.49% | 0.47% |
| AAPLApple, Inc | 6.90% | 7.30% | 0.40% |
| MSFTMicrosoft Corp | 5.44% | 5.76% | 0.32% |
| AMZNAmazon.Com Inc | 3.50% | 3.70% | 0.20% |
| GOOGLAlphabet Inc | 2.86% | 3.02% | 0.16% |
| AVGOBroadcom Inc | 2.40% | 2.53% | 0.13% |
| GOOGAlphabet Inc. C | 2.29% | 2.42% | 0.13% |
| METAMeta Platforms Inc | 2.28% | 2.41% | 0.13% |
| MUMicron Technology, Inc. | 1.72% | 1.82% | 0.10% |
| TSLATesla Inc | 1.48% | 1.57% | 0.09% |
99.4% of SPYM is already inside SCHX.
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, SCHX or SPYM?
SCHX has an expense ratio of 0.03% while SPYM charges 0.02%. SPYM is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SCHX or SPYM?
Over the past year SCHX returned +16.62% vs +17.53% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (13 years), SCHX annualized +12.50% vs +12.62% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHX or SPYM?
SCHX and SPYM have been equally volatile, both at 14.7% annualized. Worst drawdown: SCHX -34.3% vs SPYM -34.3%.
Should I hold both SCHX and SPYM?
SCHX and SPYM have a monthly-return correlation of 1.00, 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 SCHX and SPYM?
99.4% of SPYM's money is in holdings SCHX also owns. 99.4% of SPYM's is in holdings SCHX also owns. They hold 494 positions in common, counted across the 752 positions we hold weights for in SCHX and 505 in SPYM.
Which pays a higher dividend, SCHX or SPYM?
SCHX yields 1.04% while SPYM yields 1.01%, so SCHX currently pays the higher dividend yield.
Is SPYM better than SCHX?
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SCHX is less concentrated, with 36.9% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.