ITOT vs SCHB

ITOTAiShares Core S&P Total U.S. Stock Market ETF

SCHBASchwab U.S. Broad Market ETF

In short

ITOT The S&P family's answer to total-market indexing: large, mid and small U.S. stocks in one 0.03% wrapper, running since 2004. Same fee as the Vanguard and Schwab giants, a different index rulebook.

SCHB Schwab's one-ticket slice of nearly the whole US market: roughly 2,400 stocks for 0.03% a year, half the typical fee among total-market rivals. Running since 2009, with one of the tightest index-tracking records in its peer group.

Stated mandate

ITOT The fund seeks to track the performance of the S&P Composite 1500, representing U.S. stocks across market capitalizations.

SCHB The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index.

Why people hold it

• ITOT 0.03% a year, matching the category's biggest names (VTI, SCHB) and sitting below what the typical fund in this group charges.
• One index, no tilts: U.S. stocks across market caps in cap-weight order. The mandate it prints is the mandate it runs.
• Trading since 2004 and now a multi-billion-dollar fund with active daily volume, so spreads are rarely the story.
• Plain 1940 Act fund structure, cash paid out quarterly.

• SCHB 0.03% a year, half the 0.06% median for its total-market cohort. Three dollars a year per $10,000 invested.
• Tracks the Dow Jones U.S. Broad Stock Market Index tightly, among the closest index replication in its peer group.schwabassetmanagement.com
• A multi-billion-dollar fund and one of the most actively traded in its category, which usually means narrow bid-ask spreads for buyers and sellers.
• Live since 2009, with a quarterly dividend cadence and roughly 2,400 holdings behind it.

Worth knowing

• ITOT Cap weighting puts the megacaps in the driver's seat; the long tail of smaller names is a thin slice of the basket.
• SPTM tracks the same declared index at the same 0.03% fee, so the pick comes down to platform, spreads and existing tax lots.
• All-equity and all-U.S. by design: no bonds, no foreign stocks in the wrapper.

• SCHB Not the cheapest ticket in the cohort: BBUS charges 0.02%. At these levels the gap is pennies, but it exists.
• Broad, not exhaustive. Roughly 2,400 stocks covers the bulk of the US market rather than every listed company.
• Pure equity exposure with no hedge or buffer, so it moves with the full US market in both directions.

Full ITOT profile⁠

Full SCHB profile⁠