AQLG vs SCHX: Grades, Fees and Holdings Compared

HCM Large Cap Growth ETF

AQLGDNasdaq

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

Overlap

39.1%by weight

Expense ratio

SCHX −0.62pt a year

AQLG0.65%SCHX0.03%

Avg volume · 30D

SCHX 92811.2×the volume

AQLG107SCHX9.93M

AQLG vs SCHX Performance

Jul 31, 2026 – Nov 2, 2026

−1.1%AQLG+0.8%SCHX

Expense ratio: AQLG 0.65%; SCHX 0.03%, better
Fund size: AQLG $76M; SCHX $73.2B
1Y total return: AQLG No data; SCHX +10.9%
Yield (12M): AQLG No data; SCHX 1.06%
Holdings: AQLG 130; SCHX 753
Avg volume (30D): AQLG 107 sh; SCHX 9.93M sh, better
NAV per share: AQLG $25.97; SCHX $29.72
52W range

ETF.net Grade

Pillar letters and Scores for AQLG, SCHX, with each pillar’s weight
Pillar	AQLG	SCHX
Cost30% weight	F14	A91Higher
Mission25% weight	Not scored	A99
Risk15% weight	A80Higher	C48
Tradability15% weight	F21	A88Higher
Holdings10% weight	B61	A72Higher
Durability5% weight	F15	A89Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. AQLG and SCHX are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

SCHX ranks 1st and AQLG 26th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 84
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 24DSGLCSGI U.S. Large Cap Core ETFScore 36
Rank 26DAQLGHCM Large Cap Growth ETFScore 35
Rank 27DJLCOJohn Hancock Large Cap Opportunities ETFScore 31

Our read on each fund

ETF.net Research

AQLGDHCM Large Cap Growth ETF

SCHXASchwab U.S. Large-Cap ETF

In short

AQLG A young, actively run large-cap growth fund that can hold stocks or other ETFs, with an objective written around appreciation rather than tracking an index. You are paying 0.65% a year for a manager's judgment in the aisle where index plumbing costs pennies.

SCHX Schwab's no-frills large-cap core: roughly 800 US big names for three basis points, running since 2009. One of the cheapest tickets in a crowded category, and it hugs its index tightly.

Stated mandate

AQLG The Fund seeks long-term capital appreciation by investing its net assets in equity securities or ETFs of large-capitalization companies.

SCHX The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.

Why people hold it

AQLG Simple mandate: long-term capital appreciation from large-cap companies, owned either as individual stocks or as ETFs. No leverage or options machinery in the objective.
That stock-or-ETF flexibility lets the manager shift large-cap exposure in blocks instead of working through dozens of single names.
The objective is framed as capital appreciation, not index replication, so what you own reflects the manager's growth calls rather than a benchmark's recipe.

SCHX 0.03% a year, well under the typical US large-cap fund's fee. That is the kind of cost floor only the biggest fund shops can hold.
About 800 stocks tracking the Dow Jones U.S. Large-Cap Total Stock Market Index before fees. No themes, no screens, no manager hunches.schwabassetmanagement.com
Tracking has been among the tightest in its peer group: the fund delivers its index with very little slippage.
Live since 2009 and now a multi-billion-dollar fund that trades heavily, so spreads stay thin and the lights are unlikely to go out.

Worth knowing

AQLG The fee is 0.65% a year against a 0.20% median for its large-cap peer group, and index options like SCHX (0.03%) or BKLC (0.00%) charge a rounding error.
It is a small, thinly traded fund, so the gap between buy and sell prices can be wide and shows up in the price you actually get.
Launched in 2026, it has no full market cycle behind it, and the mandate points at growth in share price rather than income.

SCHX Large caps only, despite the index name. Mid and small caps live in a separate fund, so this is one slice of the market, not all of it.
Three basis points is cheap, not free: BKLC in the same peer group runs at zero.
Dividends land quarterly, not monthly, which matters if you're building an income schedule.

Full AQLG profile⁠

Full SCHX profile⁠

AQLG vs SCHX Holdings

How AQLG and SCHX differ

Overlap by weight

39.1%

Shared holdings make up 75.7% of AQLG and 59.1% of SCHX.

Level by level

Holdings101 in both39.1%
Countryby domicile99.4%
Asset classEquity100%

Sector

No Sector split for AQLG.

Country, concentration and asset class

Country by domicile

Country weights in AQLG and SCHX, widest gap first
Country	More in AQLGMore in SCHX	AQLG	SCHX
United States	SCHX +0.1 points	99.4%	99.5%
Canada	AQLG +0.4 points	0.4%	0.0%
Switzerland	SCHX +0.3 points	0.0%	0.3%
China	SCHX +0.1 points	0.0%	0.1%
United Kingdom	SCHX +0.1 points	0.0%	0.1%
Mexico	SCHX +0.1 points	0.0%	0.1%
Taiwan	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%
Other countries (7)	AQLG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

AQLG34.6%
SCHX35.3%

Securities held

AQLG129
SCHX752

Asset class

AQLG: Equity
SCHX: Equity

Holdings

Only in AQLG28
In both101
Only in SCHX651

Only in AQLG

28 securities, 23.7% of AQLG by weight

iShares Core S&P 500 ETF3.68%
Plains All American Pipeline LP2.48%
Renasant Corp2.02%
Energy Transfer LP1.83%
Enterprise Products Partners LP1.71%
Mplx Lp1.26%
State Street SPDR S&P 500 ETF Trust1.23%
Qualys Inc1.22%
RTX Corp1.14%
United Bankshares Inc/WV0.75%
White Mountains Insurance Group Ltd0.71%
Home BancShares Inc/AR0.62%
Heritage Financial Corp/WA0.54%
Matthews International Corp0.51%
Invesco QQQ Trust Series 10.47%
Lyft Inc0.45%
Safehold Inc0.42%
Canadian Imperial Bank of Commerce0.42%
iShares Russell Mid-Cap ETF0.37%
iShares MSCI ACWI ETF0.34%
Brunswick Corp/DE0.29%
Walker & Dunlop Inc0.29%
Lumen Technologies Inc0.23%
Vanguard Morningstar Small-Cap Value ETF0.20%
Dave & Buster's Entertainment Inc0.18%
iShares Future AI & Tech ETF0.18%
Intuitive Surgical Inc0.14%
Kyndryl Holdings Inc0.01%

Only in SCHX

651 securities, 40.9% of SCHX by weight

Tesla Inc1.63%
Exxonmobil Holdings Corp1.12%
Johnson & Johnson0.95%
Chevron0.67%
Cisco Systems Inc0.60%
Procter & Gamble0.54%
UnitedHealth Group0.53%
Coca-Cola0.53%
Intel Corporation Corp0.47%
Rtx0.39%
Amgen Inc0.36%
Linde PLC0.34%
Gilead Sciences0.31%
Analog Devices0.29%
Walt Disney0.28%
Verizon Communications Inc0.27%
Space Exploration Technologies Cor0.27%
Mcdonalds Corp0.26%
Qualcomm0.26%
Nextera Energy0.25%
Deere0.25%
Welltower0.24%
American Express0.24%
Sandisk0.24%
BlackRock0.24%
Accenture PLC Class A0.23%
Tjx0.22%
Intuitive Surgical0.22%
AT&T0.21%
Danaher0.21%
Charles Schwab0.21%
Vertex Pharmaceuticals0.21%
S&P Global0.20%
Progressive0.19%
Western Digital Corp0.19%
Altria Group Inc0.19%
Lockheed Martin0.19%
Dell Technologies Inc Class C0.19%
Chubb0.19%
Capital One Financial Corp0.18%
Marathon Petroleum0.18%
Prologis Reit0.18%
Medtronic PLC0.17%
Automatic Data Processing Inc0.17%
Mckesson Corp0.17%
Cvs Health0.17%
Valero Energy Corp0.17%
Parker-Hannifin0.16%
Phillips0.16%
Newmont0.16%

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in AQLG and SCHX, widest gap first
Holding	More in AQLGMore in SCHX	AQLG	SCHX
NVIDIA CorpNVDA	SCHX +4.43 points	2.74%	7.17%
Kinder Morgan IncKMI	AQLG +3.35 points	3.45%	0.10%
First Horizon CorpFHN	AQLG +3.08 points	3.10%	0.02%
Citigroup IncC	AQLG +2.84 points	3.14%	0.30%
Microsoft CorpMSFT	SCHX +2.54 points	3.07%	5.61%
AutoZone IncAZO	AQLG +2.48 points	2.55%	0.07%
Crowdstrike Holdings IncCRWD	AQLG +2.40 points	2.77%	0.37%
AbbVie IncABBV	AQLG +2.29 points	3.04%	0.75%
Bank of America CorpBAC	AQLG +2.13 points	2.60%	0.47%
Apple IncAAPL	SCHX +1.67 points	5.61%	7.28%
Alphabet IncGOOGL	AQLG +1.52 points	3.90%	2.38%
Eli Lilly & CoLLY	SCHX +1.45 points	0.19%	1.64%
Bank of New York Mellon Corp/TheBNY	AQLG +1.36 points	1.50%	0.14%
Advanced Micro Devices IncAMD	SCHX +1.12 points	0.07%	1.19%
Meta Platforms IncMETA	SCHX +1.05 points	0.91%	1.96%
Pfizer IncPFE	AQLG +0.99 points	1.24%	0.25%
Bristol-Myers Squibb CoBMY	AQLG +0.95 points	1.13%	0.18%
Murphy USA IncMUSA	AQLG +0.86 points	0.87%	0.01%
Arthur J Gallagher & CoAJG	AQLG +0.81 points	0.91%	0.10%
Amazon.com IncAMZN	SCHX +0.77 points	2.65%	3.42%
Micron Technology IncMU	AQLG +0.73 points	2.18%	1.45%
Berkshire Hathaway IncBRK.B	SCHX +0.72 points	0.74%	1.46%
JPMorgan Chase & Co.JPM	AQLG +0.69 points	1.99%	1.30%
FedEx CorpFDX	AQLG +0.68 points	0.78%	0.10%
Mondelez International IncMDLZ	AQLG +0.64 points	0.76%	0.12%
Goldman Sachs Group Inc/TheGS	AQLG +0.63 points	1.01%	0.38%
ONEOK IncOKE	AQLG +0.59 points	0.68%	0.09%
Broadcom IncAVGO	AQLG +0.59 points	2.84%	2.25%
Walmart IncWMT	SCHX +0.57 points	0.23%	0.80%
US BancorpUSB	AQLG +0.55 points	0.68%	0.13%
Wells Fargo & CoWFC	AQLG +0.50 points	0.87%	0.37%
O'Reilly Automotive IncORLY	AQLG +0.51 points	0.61%	0.10%
Alphabet IncGOOG	SCHX +0.49 points	1.42%	1.91%
Aon PLCAON	AQLG +0.48 points	0.58%	0.10%
Thermo Fisher Scientific IncTMO	AQLG +0.47 points	0.84%	0.37%
Home Depot Inc/TheHD	SCHX +0.47 points	0.01%	0.48%
Cloudflare IncNET	AQLG +0.45 points	0.58%	0.13%
Applied Materials IncAMAT	SCHX +0.42 points	0.03%	0.45%
Lowe's Cos IncLOW	AQLG +0.41 points	0.58%	0.17%
Ge AerospaceGE	SCHX +0.41 points	0.04%	0.45%
Lam Research CorpLRCX	SCHX +0.37 points	0.06%	0.43%
Everpure IncP	AQLG +0.36 points	0.42%	0.06%
Uber Technologies IncUBER	AQLG +0.36 points	0.55%	0.19%
Texas Instruments IncTXN	SCHX +0.36 points	0.04%	0.40%
Carrier Global CorpCARR	AQLG +0.36 points	0.42%	0.06%
Palo Alto Networks IncPANW	AQLG +0.30 points	0.73%	0.43%
Netflix IncNFLX	SCHX +0.29 points	0.08%	0.37%
Kla CorpKLAC	SCHX +0.26 points	0.04%	0.30%
Arista Networks IncANET	AQLG +0.24 points	0.50%	0.26%
Williams Cos Inc/TheWMB	AQLG +0.24 points	0.37%	0.13%
GE Vernova IncGEV	SCHX +0.24 points	0.09%	0.33%
Marvell Technology IncMRVL	SCHX +0.23 points	0.02%	0.25%
PepsiCo IncPEP	SCHX +0.23 points	0.04%	0.27%
Oracle CorpORCL	SCHX +0.23 points	0.10%	0.33%
Marriott International Inc/MDMAR	AQLG +0.23 points	0.35%	0.12%
Delta Air Lines IncDAL	AQLG +0.22 points	0.29%	0.07%
Caterpillar IncCAT	SCHX +0.20 points	0.21%	0.41%
Visa IncV	AQLG +0.18 points	1.20%	1.02%
Amphenol CorpAPH	SCHX +0.17 points	0.11%	0.28%
American Airlines Group IncAAL	AQLG +0.16 points	0.17%	0.01%
ServiceNow IncNOW	AQLG +0.15 points	0.31%	0.16%
Salesforce IncCRM	SCHX +0.14 points	0.13%	0.27%
Western Alliance BancorpWAL	AQLG +0.13 points	0.14%	0.01%
Seagate Technology Holdings PLCSTX	AQLG +0.13 points	0.34%	0.21%
Adobe IncADBE	SCHX +0.12 points	0.02%	0.14%
Morgan StanleyMS	SCHX +0.12 points	0.20%	0.32%
Vertiv Holdings CoVRT	SCHX +0.11 points	0.02%	0.13%
Mastercard IncMA	SCHX +0.11 points	0.64%	0.75%
Datadog IncDDOG	SCHX +0.09 points	0.02%	0.11%
Philip Morris International IncPM	SCHX +0.09 points	0.38%	0.47%
Cigna Group/TheCI	SCHX +0.09 points	0.02%	0.11%
Union Pacific CorpUNP	SCHX +0.09 points	0.17%	0.26%
Palantir Technologies IncPLTR	SCHX +0.08 points	0.53%	0.61%
Coupang IncCPNG	AQLG +0.07 points	0.10%	0.03%
Astera Labs IncALAB	AQLG +0.07 points	0.13%	0.06%
Royal Caribbean Cruises LtdRCL	AQLG +0.06 points	0.17%	0.11%
Motorola Solutions IncMSI	AQLG +0.06 points	0.18%	0.12%
Ulta Beauty IncULTA	AQLG +0.05 points	0.09%	0.04%
Comfort Systems USA IncFIX	SCHX +0.04 points	0.02%	0.06%
Paychex IncPAYX	SCHX +0.04 points	0.01%	0.05%
Eaton Corp PLCETN	AQLG +0.04 points	0.25%	0.21%
Boeing Co/TheBA	SCHX +0.04 points	0.16%	0.20%
Starbucks CorpSBUX	AQLG +0.04 points	0.21%	0.17%
Lumentum Holdings IncLITE	SCHX +0.04 points	0.07%	0.11%
Costco Wholesale CorpCOST	AQLG +0.03 points	0.68%	0.65%
Abbott LaboratoriesABT	AQLG +0.03 points	0.30%	0.27%
Merck & Co IncMRK	AQLG +0.04 points	0.57%	0.53%
Okta IncOKTA	AQLG +0.03 points	0.08%	0.05%
Public StoragePSA	AQLG +0.02 points	0.10%	0.08%
Take-Two Interactive Software IncTTWO	SCHX +0.02 points	0.03%	0.05%
Atlassian CorpTEAM	AQLG +0.03 points	0.07%	0.04%
Zoetis IncZTS	AQLG +0.02 points	0.07%	0.05%
EMCOR Group IncEME	SCHX +0.01 points	0.03%	0.04%
International Business Machines CorpIBM	SCHX +0.01 points	0.34%	0.35%
ConocoPhillipsCOP	SCHX +0.01 points	0.26%	0.27%
AppLovin CorpAPP	AQLG +0.01 points	0.10%	0.09%
FTAI Aviation LtdFTAI	SCHX +0.01 points	0.02%	0.03%
Roku IncROKU	SCHX +0.01 points	0.02%	0.03%
Neurocrine Biosciences IncNBIX	Same weight	0.02%	0.02%
MACOM Technology Solutions Holdings IncMTSI	Same weight	0.02%	0.02%

All AQLG holdings⁠All 754 SCHX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AQLG vs SCHX Cost

Overpaying AQLG vs SCHX

$12,079

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AQLG 0.65%
$12,717
SCHX 0.03%
$638

Amount$10,000

Years30 years

Cost over time

AQLG 0.65%
SCHX 0.03%
Overpaying

Year by year

Year	AQLG	SCHX	Overpaying
10	$1,163	$55	$1,108
20	$4,440	$216	$4,224
30	$12,717	$638	$12,079

Expense ratio

0.65%AQLG
0.03%SCHX, cheaper

SCHX0.03%AQLG0.65%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

AQLG 25th cheapest of 29 funds

AQLG vs SCHX Dividends

Last 12 months to Nov 2, 2026

Yield (12M): AQLG No data; SCHX 1.06%
Payout (12M): AQLG None; SCHX $0.31
Last payment: AQLG No data; SCHX $0.08
Ex-dividend: AQLG No data; SCHX Sep 23, 2026
Paid on: AQLG No data; SCHX Sep 28, 2026
Frequency: AQLG No data; SCHX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AQLGAll AQLG payments⁠

No distribution history available.

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

AQLG vs SCHX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AQLG No dataSCHX 12.5%
Return per unit of riskSharpe ratio, 3 years: AQLG No dataSCHX 1.40
Worst fallMax drawdown, 5 years: AQLG No dataSCHX −25.4%
Market sensitivityBeta, 5 years: AQLG 0.58SCHX 1.01; Market = 1

AQLG and SCHX in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026SCHX

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AQLG vs SCHX

In short

Stated mandate

Why people hold it

Worth knowing

How AQLG and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AQLG

Only in SCHX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How AQLG and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AQLG

Only in SCHX

Weight gaps