FCFY vs SCHK: Grades, Fees and Holdings Compared

First Trust S&P 500 Diversified Free Cash Flow ETF

FCFYDNYSE Arca

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

7.3%by weight

Expense ratio

SCHK −0.57pt a year

FCFY0.60%SCHK0.03%

Avg volume · 30D

SCHK 1147.1×the volume

FCFY1.15KSCHK1.31M

3Y return · a year

SCHK +3.3pt

FCFY+20.0%SCHK+23.3%

FCFY vs SCHK Performance

Oct 31, 2025 – Oct 30, 2026

+18.0%FCFY+11.8%SCHK

Expense ratio: FCFY 0.60%; SCHK 0.03%, better
Fund size: FCFY $2M; SCHK $5.69B
1Y total return: FCFY +18.0%, better; SCHK +11.8%
Yield (12M): FCFY 1.23%, better; SCHK 1.05%
Holdings: FCFY 101; SCHK 999
Avg volume (30D): FCFY 1.15K sh; SCHK 1.31M sh, better
NAV per share: FCFY $31.20; SCHK $36.31
52W range

ETF.net Grade

Pillar letters and Scores for FCFY, SCHK, with each pillar’s weight
Pillar	FCFY	SCHK
Cost30% weight	F20	A98Higher
Mission25% weight	C40	A100Higher
Risk15% weight	C44	B66Higher
Tradability15% weight	D36	A90Higher
Holdings10% weight	B58Higher	B57
Durability5% weight	D39	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. FCFY and SCHK are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SCHK ranks 2nd and FCFY 35th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 33DWDAIPacer S&P World 3AI Top 300 ETFScore 36
Rank 35DFCFYFirst Trust S&P 500 Diversified Free Cash Flow ETFScore 35
Rank 35DSFYFSoFi Social 50 ETFScore 35

Our read on each fund

ETF.net Research

FCFYDFirst Trust S&P 500 Diversified Free Cash Flow ETF

SCHKASchwab 1000 Index ETF

In short

FCFY Free cash flow screening on the S&P 500, with a twist: the cash-generation ranking runs inside each sector, then sector weights are held near the parent index. A cash-flow tilt that still looks like the market it came from.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

FCFY The Fund seeks to track, before fees and expenses, the price and yield of the S&P 500® Sector-Neutral FCF Index. It normally invests at least 80% of net assets in index securities and generally uses full replication.

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

FCFY Sector-neutral by construction: the free cash flow screen is applied within sectors, so the portfolio keeps S&P 500-like sector weights instead of piling into whichever corner of the market is cash-rich this year.
Simple plumbing. A standard 1940 Act ETF that generally uses full replication and keeps at least 80% of net assets in index securities. No swaps, no sampling games.
Tighter than a broad index fund at roughly 100 stocks, so the cash-flow screen actually shows up in the portfolio. Distributions come on a quarterly cadence.

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

FCFY At 0.60% a year, it runs above the median fee for index-tracking ETFs in its peer group. Plain S&P 500 value funds such as SPYV (0.04%) and VOOV (0.07%) charge a small fraction of that.
A small fund that trades lightly. Spreads can be wider than on mega-cap index ETFs, which makes order type and timing more of a factor than the headline fee.
Launched in 2023, so the live record is short and covers only a narrow slice of market conditions.

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full FCFY profile⁠

Full SCHK profile⁠

FCFY vs SCHK Holdings

How FCFY and SCHK differ

Overlap by weight

7.3%

Shared holdings make up 99.9% of FCFY and 7.3% of SCHK.

Level by level

Holdings100 in both7.3%
Sector11 Sectors94.4%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in FCFY and SCHK, widest gap first
Sector	More in FCFYMore in SCHK	FCFY	SCHK
Industrials	SCHK +2.6 points	6.0%	8.6%
Technology	FCFY +2.6 points	41.5%	38.9%
Energy	FCFY +2.4 points	5.9%	3.5%
Financials	SCHK +1.7 points	9.7%	11.4%
Health Care	SCHK +0.6 points	9.2%	9.8%
Real Estate	SCHK +0.4 points	1.6%	2.0%
Consumer Discretionary	FCFY +0.3 points	8.9%	8.6%
Utilities	SCHK +0.3 points	1.6%	1.9%
Consumer Staples	FCFY +0.2 points	4.4%	4.2%
Communication	SCHK +0.1 points	9.3%	9.4%
Materials	FCFY +0.1 points	1.9%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in FCFY and SCHK, widest gap first
Country	More in FCFYMore in SCHK	FCFY	SCHK
United States	FCFY +0.6 points	100.0%	99.4%
Other countries (8)	SCHK +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

FCFY33.9%
SCHK34.4%

Securities held

FCFY100
SCHK999

Asset class

FCFY: Equity
SCHK: Equity

Holdings

Only in FCFY0
In both100
Only in SCHK899

Only in FCFY

0 securities, 0.0% of FCFY by weight

Only in SCHK

899 securities, 92.7% of SCHK by weight

NVIDIA7.16%
Apple7.06%
Microsoft5.45%
Amazon Com Inc3.32%
Alphabet Class A2.31%
Broadcom Inc2.28%
Meta Platforms Class A1.91%
Alphabet Class C1.86%
Tesla Inc1.58%
Eli Lilly1.52%
Micron Technology1.46%
Berkshire Hathaway Inc Class B1.40%
Advanced Micro Devices1.28%
JPMorgan Chase1.27%
Exxonmobil Holdings Corp1.05%
Visa Class A0.97%
Johnson & Johnson0.92%
Walmart0.75%
Mastercard Class A0.71%
AbbVie0.71%
Chevron0.64%
Intel Corporation Corp0.63%
Palantir Technologies Class A0.63%
Costco Wholesale Corp0.61%
Cisco Systems Inc0.59%
Procter & Gamble0.52%
UnitedHealth Group0.51%
Merck & Co Inc0.50%
Coca-Cola0.50%
Applied Material Inc0.47%
Bank of America0.46%
Home Depot0.46%
Philip Morris International0.45%
Ge Aerospace0.45%
Lam Research0.44%
Palo Alto Networks0.43%
Caterpillar Inc0.41%
Texas Instrument0.40%
Goldman Sachs Group0.37%
Rtx0.37%
Crowdstrike Holdings Class A0.37%
Thermo Fisher Scientific0.36%
Netflix0.36%
Amgen Inc0.35%
Oracle0.33%
Ge Vernova0.33%
Linde PLC0.32%
Morgan Stanley0.31%
Kla0.30%
Analog Devices0.29%

Weight gaps

All 100 Holdings in both funds, largest gap first.

Holding weights in FCFY and SCHK, widest gap first
Holding	More in FCFYMore in SCHK	FCFY	SCHK
GoDaddy Inc. (Class A)GDDY	FCFY +3.89 points	3.91%	0.02%
Intuit Inc.INTU	FCFY +3.61 points	3.74%	0.13%
Comcast Corporation (Class A)CMCSA	FCFY +3.60 points	3.71%	0.11%
Accenture plcACN	FCFY +3.55 points	3.76%	0.21%
Adobe IncorporatedADBE	FCFY +3.37 points	3.51%	0.14%
Gartner, Inc.IT	FCFY +3.31 points	3.33%	0.02%
Cognizant Technology Solutions CorporationCTSH	FCFY +3.13 points	3.17%	0.04%
Centene CorporationCNC	FCFY +3.00 points	3.05%	0.05%
HP Inc.HPQ	FCFY +2.88 points	2.92%	0.04%
Gen Digital Inc.GEN	FCFY +2.79 points	2.81%	0.02%
First Solar, Inc.FSLR	FCFY +2.41 points	2.44%	0.03%
Omnicom Group Inc.OMC	FCFY +2.25 points	2.28%	0.03%
Roper Technologies, Inc.ROP	FCFY +2.06 points	2.12%	0.06%
TKO Group Holdings, Inc. (Class A)TKO	FCFY +2.04 points	2.05%	0.01%
Workday, Inc. (Class A)WDAY	FCFY +1.88 points	1.94%	0.06%
Autodesk, Inc.ADSK	FCFY +1.85 points	1.92%	0.07%
Salesforce, Inc.CRM	FCFY +1.80 points	2.06%	0.26%
Synchrony FinancialSYF	FCFY +1.51 points	1.54%	0.03%
International Business Machines CorporationIBM	FCFY +1.43 points	1.77%	0.34%
T-Mobile US, Inc.TMUS	FCFY +1.42 points	1.52%	0.10%
Aptiv PlcAPTV	FCFY +1.39 points	1.40%	0.01%
QUALCOMM IncorporatedQCOM	FCFY +1.15 points	1.43%	0.28%
Expedia Group, Inc.EXPE	FCFY +1.12 points	1.17%	0.05%
lululemon athletica inc.LULU	FCFY +1.05 points	1.07%	0.02%
Vistra Corp.VST	FCFY +0.93 points	0.99%	0.06%
Prudential Financial, Inc.PRU	FCFY +0.92 points	0.98%	0.06%
Leidos Holdings, Inc.LDOS	FCFY +0.88 points	0.90%	0.02%
Deckers Outdoor CorporationDECK	FCFY +0.86 points	0.88%	0.02%
Fidelity National Information Services, Inc.FIS	FCFY +0.83 points	0.86%	0.03%
APA CorporationAPA	FCFY +0.82 points	0.85%	0.03%
Capital One Financial CorporationCOF	FCFY +0.78 points	0.96%	0.18%
The Kraft Heinz CompanyKHC	FCFY +0.78 points	0.81%	0.03%
Hasbro, Inc.HAS	FCFY +0.76 points	0.78%	0.02%
Best Buy Co., Inc.BBY	FCFY +0.74 points	0.77%	0.03%
American International Group, Inc.AIG	FCFY +0.72 points	0.78%	0.06%
The J.M. Smucker CompanySJM	FCFY +0.72 points	0.74%	0.02%
Incyte CorporationINCY	FCFY +0.72 points	0.75%	0.03%
Expand Energy CorporationEXE	FCFY +0.70 points	0.73%	0.03%
The Allstate CorporationALL	FCFY +0.69 points	0.78%	0.09%
Dollar Tree, Inc.DLTR	FCFY +0.62 points	0.66%	0.04%
A.O. Smith CorporationAOS	FCFY +0.60 points	0.61%	<0.01%
EQT CorporationEQT	FCFY +0.59 points	0.64%	0.05%
General Motors CompanyGM	FCFY +0.58 points	0.68%	0.10%
The Cigna GroupCI	FCFY +0.58 points	0.69%	0.11%
Brown-Forman CorporationBF.B	FCFY +0.57 points	0.58%	<0.01%
Las Vegas Sands Corp.LVS	FCFY +0.58 points	0.59%	0.01%
D.R. Horton, Inc.DHI	FCFY +0.57 points	0.62%	0.05%
Pentair plcPNR	FCFY +0.57 points	0.58%	0.01%
Stanley Black & Decker, Inc.SWK	FCFY +0.56 points	0.58%	0.02%
Everest Group, Ltd.EG	FCFY +0.56 points	0.58%	0.02%
Constellation Brands, Inc. (Class A)STZ	FCFY +0.53 points	0.56%	0.03%
MetLife, Inc.MET	FCFY +0.53 points	0.60%	0.07%
Fiserv, Inc.FISV	FCFY +0.52 points	0.56%	0.04%
EOG Resources, Inc.EOG	FCFY +0.52 points	0.64%	0.12%
Masco CorporationMAS	FCFY +0.52 points	0.54%	0.02%
Hormel Foods CorporationHRL	FCFY +0.51 points	0.52%	<0.01%
Align Technology, Inc.ALGN	FCFY +0.50 points	0.51%	0.01%
The Hartford Insurance Group, Inc.HIG	FCFY +0.49 points	0.54%	0.05%
Cardinal Health, Inc.CAH	FCFY +0.48 points	0.56%	0.08%
PayPal Holdings, Inc.PYPL	FCFY +0.48 points	0.55%	0.07%
Biogen Inc.BIIB	FCFY +0.47 points	0.52%	0.05%
Arch Capital Group Ltd.ACGL	FCFY +0.47 points	0.52%	0.05%
Elevance Health Inc.ELV	FCFY +0.44 points	0.57%	0.13%
DaVita Inc.DVA	FCFY +0.43 points	0.44%	<0.01%
Zoetis Inc.ZTS	FCFY +0.43 points	0.48%	0.05%
Altria Group, Inc.MO	FCFY +0.43 points	0.61%	0.18%
Broadridge Financial Solutions, Inc.BR	FCFY +0.43 points	0.46%	0.03%
Copart, Inc.CPRT	FCFY +0.42 points	0.46%	0.04%
Invesco Ltd.IVZ	FCFY +0.41 points	0.43%	0.02%
Booking Holdings Inc.BKNG	FCFY +0.40 points	0.56%	0.16%
General Dynamics CorporationGD	FCFY +0.40 points	0.53%	0.13%
Lockheed Martin CorporationLMT	FCFY +0.39 points	0.57%	0.18%
Snap-on IncorporatedSNA	FCFY +0.38 points	0.41%	0.03%
Marathon Petroleum CorporationMPC	FCFY +0.37 points	0.54%	0.17%
CF Industries Holdings, Inc.CF	FCFY +0.38 points	0.40%	0.02%
Otis Worldwide CorporationOTIS	FCFY +0.36 points	0.40%	0.04%
Interactive Brokers Group, Inc. (Class A)IBKR	FCFY +0.36 points	0.41%	0.05%
L3Harris Technologies, Inc.LHX	FCFY +0.36 points	0.43%	0.07%
Bristol-Myers Squibb CompanyBMY	FCFY +0.35 points	0.52%	0.17%
Alexandria Real Estate Equities, Inc.ARE	FCFY +0.35 points	0.36%	<0.01%
Paychex, Inc.PAYX	FCFY +0.34 points	0.39%	0.05%
Lennox International Inc.LII	FCFY +0.31 points	0.33%	0.02%
United Parcel Service, Inc. (Class B)UPS	FCFY +0.31 points	0.42%	0.11%
CVS Health CorporationCVS	FCFY +0.31 points	0.47%	0.16%
Albemarle CorporationALB	FCFY +0.29 points	0.31%	0.02%
FedEx CorporationFDX	FCFY +0.29 points	0.38%	0.09%
Avery Dennison CorporationAVY	FCFY +0.27 points	0.29%	0.02%
Uber Technologies, Inc.UBER	FCFY +0.24 points	0.43%	0.19%
LyondellBasell Industries N.V.LYB	FCFY +0.25 points	0.27%	0.02%
NRG Energy, Inc.NRG	FCFY +0.23 points	0.26%	0.03%
UDR, Inc.UDR	FCFY +0.24 points	0.25%	0.01%
BXP, Inc.BXP	FCFY +0.23 points	0.24%	0.01%
Gilead Sciences, Inc.GILD	FCFY +0.22 points	0.50%	0.28%
Invitation Homes Inc.INVH	FCFY +0.22 points	0.24%	0.02%
VICI Properties Inc.VICI	FCFY +0.21 points	0.25%	0.04%
Eversource EnergyES	FCFY +0.20 points	0.24%	0.04%
Newmont CorporationNEM	FCFY +0.16 points	0.32%	0.16%
Citigroup Inc.C	FCFY +0.16 points	0.45%	0.29%
Simon Property Group, Inc.SPG	FCFY +0.15 points	0.25%	0.10%
Wells Fargo & CompanyWFC	FCFY +0.13 points	0.49%	0.36%

All 101 FCFY holdings⁠All 1,001 SCHK 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.

FCFY vs SCHK Cost

Overpaying FCFY vs SCHK

$11,179

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

FCFY 0.60%
$11,817
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FCFY 0.60%
SCHK 0.03%
Overpaying

Year by year

Year	FCFY	SCHK	Overpaying
10	$1,076	$55	$1,021
20	$4,116	$216	$3,900
30	$11,817	$638	$11,179

Expense ratio

0.60%FCFY
0.03%SCHK, cheaper

SCHK0.03%FCFY0.60%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

FCFY 33rd cheapest of 42 funds

FCFY vs SCHK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FCFY 1.23%, better; SCHK 1.05%
Payout (12M): FCFY $0.38; SCHK $0.38
Last payment: FCFY $0.08; SCHK $0.10
Ex-dividend: FCFY Sep 24, 2026; SCHK Sep 23, 2026
Paid on: FCFY Sep 30, 2026; SCHK Sep 28, 2026
Frequency: FCFY Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FCFYQuarterly · 12 paymentsAll FCFY payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

FCFY vs SCHK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FCFY 15.7%SCHK 12.6%, better
Return per unit of riskSharpe ratio, 3 years: FCFY 0.97SCHK 1.39, better
Worst fallMax drawdown, 5 years: FCFY −21.4%since Aug 2023SCHK −25.4%
Market sensitivityBeta, 5 years: FCFY 0.99SCHK 1.02; Market = 1

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