MAGA vs SCHX: Grades, Fees and Holdings Compared

Truth Social America First ETF

MAGADNYSE Arca

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

Overlap

17.1%by weight

Expense ratio

SCHX −0.69pt a year

MAGA0.72%SCHX0.03%

Avg volume · 30D

SCHX 10609.8×the volume

MAGA936SCHX9.93M

5Y return · a year

SCHX +1.6pt

MAGA+9.6%SCHX+11.2%

MAGA vs SCHX Performance

Nov 2, 2021 – Nov 2, 2026

+58.5%MAGA+69.8%SCHX

Expense ratio: MAGA 0.72%; SCHX 0.03%, better
Fund size: MAGA $31M; SCHX $73.2B
1Y total return: MAGA +14.2%, better; SCHX +10.9%
Yield (12M): MAGA 1.43%, better; SCHX 1.06%
Holdings: MAGA 152; SCHX 753
Avg volume (30D): MAGA 936 sh; SCHX 9.93M sh, better
NAV per share: MAGA $57.24; SCHX $29.72
52W range

ETF.net Grade

Pillar letters and Scores for MAGA, SCHX, with each pillar’s weight
Pillar	MAGA	SCHX
Cost30% weight	F9	A91Higher
Mission25% weight	Not scored	A99
Risk15% weight	B65Higher	C48
Tradability15% weight	D33	A88Higher
Holdings10% weight	A79Higher	A72
Durability5% weight	C43	A89Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. MAGA 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 MAGA 24th 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 23CGXLCGlobal X U.S. 500 ETFScore 40
Rank 24DMAGATruth Social America First ETFScore 36
Rank 24DSGLCSGI U.S. Large Cap Core ETFScore 36

Our read on each fund

ETF.net Research

MAGADTruth Social America First ETF

SCHXASchwab U.S. Large-Cap ETF

In short

MAGA The mirror image of an ESG fund. MAGA screens the Solactive U.S. 500 for companies that support Republican federal candidates, then equal-weights the survivors. A political conviction turned into a rules-based index, running since 2017.

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

MAGA The Fund seeks to track the price and yield performance, before fees and expenses, of the Point Bridge America First Index. The index is an equal-weight custom portfolio drawn from the Solactive U.S. 500 Index and screened for support of Republican federal candidates.

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

MAGA The rule is written down: start with the Solactive U.S. 500, keep the names screened for support of Republican federal candidates. A values screen you can audit, not a vibe.
Equal weight across roughly 140 stocks, so a mid-size industrial gets the same slot as a trillion-dollar tech giant.
Live since 2017, it has carried the same mandate through multiple election cycles rather than rewriting itself with the news.

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

MAGA Conviction costs: 0.72% a year, while broad screened-index peers such as ESGV and SNPE charge a fraction of that.
A small, thinly traded fund. Spreads can be wide and size can push the price, so how you place the order matters more here than in a mega-cap index fund.
The screen is political, not financial. Sector mix, and results, can sit a long way from the plain US large-cap index in either direction.

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 MAGA profile⁠

Full SCHX profile⁠

MAGA vs SCHX Holdings

How MAGA and SCHX differ

Overlap by weight

17.1%

Shared holdings make up 98.2% of MAGA and 19.9% of SCHX.

Level by level

Holdings149 in both17.1%
Sector11 Sectors51.4%
Countryby domicile96.5%
Asset classEquity100%

Sector

Sector weights in MAGA and SCHX, widest gap first
Sector	More in MAGAMore in SCHX	MAGA	SCHX
Technology	SCHX +36.2 points	2.6%	38.8%
Industrials	MAGA +15.0 points	23.1%	8.1%
Communication	SCHX +8.5 points	0.0%	8.5%
Energy	MAGA +8.4 points	12.2%	3.8%
Utilities	MAGA +8.4 points	10.3%	2.0%
Materials	MAGA +5.2 points	7.2%	2.0%
Real Estate	MAGA +4.4 points	6.3%	1.9%
Health Care	SCHX +3.8 points	6.0%	9.8%
Financials	MAGA +2.8 points	14.5%	11.7%
Consumer Staples	MAGA +2.7 points	7.3%	4.6%
Consumer Discretionary	MAGA +1.6 points	10.5%	8.9%

Country, concentration and asset class

Country by domicile

Country weights in MAGA and SCHX, widest gap first
Country	More in MAGAMore in SCHX	MAGA	SCHX
United States	SCHX +3.4 points	96.1%	99.5%
Ireland	MAGA +1.3 points	1.3%	0.0%
Switzerland	MAGA +1.0 points	1.3%	0.3%
Netherlands	MAGA +0.7 points	0.7%	0.0%
United Kingdom	MAGA +0.5 points	0.6%	0.1%
Other countries (3)	SCHX +0.2 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

MAGA8.4%
SCHX35.3%

Securities held

MAGA151
SCHX752

Asset class

MAGA: Equity
SCHX: Equity

Holdings

Only in MAGA2
In both149
Only in SCHX603

Only in MAGA

2 securities, 1.3% of MAGA by weight

Lennar Corp0.70%
HEICO Corp0.61%

Only in SCHX

603 securities, 80.1% of SCHX by weight

Apple7.28%
NVIDIA7.17%
Microsoft5.61%
Amazon Com Inc3.42%
Alphabet Class A2.38%
Broadcom Inc2.25%
Meta Platforms Class A1.96%
Alphabet Class C1.91%
Micron Technology1.45%
JPMorgan Chase1.30%
Advanced Micro Devices1.19%
Visa Class A1.02%
Johnson & Johnson0.95%
AbbVie0.75%
Mastercard Class A0.75%
Costco Wholesale Corp0.65%
Palantir Technologies Class A0.61%
Cisco Systems Inc0.60%
Procter & Gamble0.54%
Merck & Co Inc0.53%
UnitedHealth Group0.53%
Coca-Cola0.53%
Intel Corporation Corp0.47%
Philip Morris International0.47%
Ge Aerospace0.45%
Applied Material Inc0.45%
Lam Research0.43%
Palo Alto Networks0.43%
Texas Instrument0.40%
Rtx0.39%
Netflix0.37%
Thermo Fisher Scientific0.37%
Crowdstrike Holdings Class A0.37%
Wells Fargo0.37%
International Business Machines Co0.35%
Linde PLC0.34%
Ge Vernova0.33%
Oracle0.33%
Morgan Stanley0.32%
Gilead Sciences0.31%
Kla0.30%
Citigroup0.30%
Analog Devices0.29%
Amphenol Corp Class A0.28%
Walt Disney0.28%
Salesforce0.27%
Pepsico0.27%
Verizon Communications Inc0.27%
Mcdonalds Corp0.26%
Arista Networks0.26%

Weight gaps

The 100 widest of 149 Holdings in both funds.

Holding weights in MAGA and SCHX, widest gap first
Holding	More in MAGAMore in SCHX	MAGA	SCHX
Eli Lilly & CoLLY	SCHX +0.83 points	0.81%	1.64%
Tesla IncTSLA	SCHX +0.79 points	0.84%	1.63%
Berkshire Hathaway IncBRK.B	SCHX +0.76 points	0.70%	1.46%
Marathon Petroleum CorpMPC	MAGA +0.74 points	0.92%	0.18%
Cheniere Energy IncLNG	MAGA +0.72 points	0.82%	0.10%
Dow IncDOW	MAGA +0.71 points	0.75%	0.04%
Insmed IncINSM	MAGA +0.71 points	0.75%	0.04%
Roper Technologies IncROP	MAGA +0.71 points	0.78%	0.07%
Phillips 66PSX	MAGA +0.72 points	0.88%	0.16%
Kroger Co/TheKR	MAGA +0.70 points	0.76%	0.06%
Illumina IncILMN	MAGA +0.71 points	0.76%	0.05%
LyondellBasell Industries NVLYB	MAGA +0.70 points	0.73%	0.03%
Tractor Supply CoTSCO	MAGA +0.70 points	0.73%	0.03%
Keurig Dr Pepper IncKDP	MAGA +0.69 points	0.76%	0.07%
Devon Energy CorpDVN	MAGA +0.68 points	0.76%	0.08%
Reliance IncRS	MAGA +0.68 points	0.71%	0.03%
Valero Energy CorpVLO	MAGA +0.67 points	0.84%	0.17%
First Citizens BancShares Inc/NCFCNCA	MAGA +0.67 points	0.70%	0.03%
Equifax IncEFX	MAGA +0.67 points	0.70%	0.03%
HCA Healthcare IncHCA	MAGA +0.67 points	0.77%	0.10%
Occidental Petroleum CorpOXY	MAGA +0.67 points	0.74%	0.07%
Lennar CorpLEN	MAGA +0.66 points	0.69%	0.03%
Targa Resources CorpTRGP	MAGA +0.67 points	0.77%	0.10%
American Water Works Co IncAWK	MAGA +0.67 points	0.71%	0.04%
Amcor PLCAMCR	MAGA +0.66 points	0.69%	0.03%
Dollar Tree IncDLTR	MAGA +0.65 points	0.69%	0.04%
Packaging Corp of AmericaPKG	MAGA +0.66 points	0.69%	0.03%
Evergy IncEVRG	MAGA +0.65 points	0.68%	0.03%
SBA Communications CorpSBAC	MAGA +0.65 points	0.68%	0.03%
Copart IncCPRT	MAGA +0.64 points	0.68%	0.04%
Dollar General CorpDG	MAGA +0.65 points	0.69%	0.04%
Alliant Energy CorpLNT	MAGA +0.64 points	0.67%	0.03%
Vulcan Materials CoVMC	MAGA +0.64 points	0.69%	0.05%
Zimmer Biomet Holdings IncZBH	MAGA +0.63 points	0.66%	0.03%
Rocket Cos IncRKT	MAGA +0.63 points	0.65%	0.02%
EQT CorpEQT	MAGA +0.63 points	0.68%	0.05%
Cincinnati Financial CorpCINF	MAGA +0.63 points	0.67%	0.04%
Watsco IncWSO	MAGA +0.63 points	0.65%	0.02%
Fastenal CoFAST	MAGA +0.63 points	0.72%	0.09%
NiSource IncNI	MAGA +0.63 points	0.66%	0.03%
Martin Marietta Materials IncMLM	MAGA +0.63 points	0.68%	0.05%
PPL CorpPPL	MAGA +0.63 points	0.67%	0.04%
Extra Space Storage IncEXR	MAGA +0.62 points	0.67%	0.05%
Diamondback Energy IncFANG	MAGA +0.63 points	0.69%	0.06%
Tyson Foods IncTSN	MAGA +0.63 points	0.65%	0.02%
CenterPoint Energy IncCNP	MAGA +0.62 points	0.66%	0.04%
Motorola Solutions IncMSI	MAGA +0.62 points	0.74%	0.12%
Markel Group IncMKL	MAGA +0.62 points	0.65%	0.03%
Ameren CorpAEE	MAGA +0.62 points	0.66%	0.04%
Synchrony FinancialSYF	MAGA +0.61 points	0.65%	0.04%
DR Horton IncDHI	MAGA +0.62 points	0.67%	0.05%
Genuine Parts CoGPC	MAGA +0.62 points	0.64%	0.02%
Principal Financial Group IncPFG	MAGA +0.62 points	0.65%	0.03%
Atmos Energy CorpATO	MAGA +0.62 points	0.66%	0.04%
Nucor CorpNUE	MAGA +0.61 points	0.70%	0.09%
AutoZone IncAZO	MAGA +0.61 points	0.68%	0.07%
Ecolab IncECL	MAGA +0.61 points	0.72%	0.11%
Steel Dynamics IncSTLD	MAGA +0.61 points	0.66%	0.05%
ONEOK IncOKE	MAGA +0.61 points	0.70%	0.09%
EOG Resources IncEOG	MAGA +0.60 points	0.73%	0.13%
Yum! Brands IncYUM	MAGA +0.61 points	0.67%	0.06%
United Rentals IncURI	MAGA +0.60 points	0.71%	0.11%
FirstEnergy CorpFE	MAGA +0.60 points	0.64%	0.04%
Ferguson Enterprises IncFERG	MAGA +0.60 points	0.67%	0.07%
Expand Energy CorpEXE	MAGA +0.60 points	0.63%	0.03%
NVR IncNVR	MAGA +0.60 points	0.62%	0.02%
Entergy CorpETR	MAGA +0.60 points	0.67%	0.07%
Kimberly-Clark CorpKMB	MAGA +0.60 points	0.65%	0.05%
Cintas CorpCTAS	MAGA +0.60 points	0.71%	0.11%
Intercontinental Exchange IncICE	MAGA +0.59 points	0.73%	0.14%
Southwest Airlines CoLUV	MAGA +0.59 points	0.62%	0.03%
Kinder Morgan IncKMI	MAGA +0.59 points	0.69%	0.10%
XPO IncXPO	MAGA +0.59 points	0.62%	0.03%
KeyCorpKEY	MAGA +0.59 points	0.62%	0.03%
Rollins IncROL	MAGA +0.59 points	0.60%	0.01%
Archer-Daniels-Midland CoADM	MAGA +0.59 points	0.64%	0.05%
L3Harris Technologies IncLHX	MAGA +0.58 points	0.66%	0.07%
Sysco CorpSYY	MAGA +0.58 points	0.64%	0.06%
Public StoragePSA	MAGA +0.58 points	0.66%	0.08%
T Rowe Price Group IncTROW	MAGA +0.58 points	0.61%	0.03%
Travelers Cos Inc/TheTRV	MAGA +0.58 points	0.70%	0.12%
ConocoPhillipsCOP	MAGA +0.57 points	0.84%	0.27%
Regions Financial CorpRF	MAGA +0.57 points	0.61%	0.04%
VICI Properties IncVICI	MAGA +0.57 points	0.61%	0.04%
FedEx CorpFDX	MAGA +0.57 points	0.67%	0.10%
Fedex Freight Holding Co IncFDXF	MAGA +0.57 points	0.59%	0.02%
American Electric Power Co IncAEP	MAGA +0.57 points	0.67%	0.10%
Invitation Homes IncINVH	MAGA +0.57 points	0.59%	0.02%
United Parcel Service IncUPS	MAGA +0.56 points	0.68%	0.12%
Westinghouse Air Brake Technologies CorpWAB	MAGA +0.56 points	0.63%	0.07%
Huntington Bancshares Inc/OHHBAN	MAGA +0.56 points	0.61%	0.05%
Altria Group IncMO	MAGA +0.56 points	0.75%	0.19%
International Paper CoIP	MAGA +0.56 points	0.59%	0.03%
Hubbell IncHUBB	MAGA +0.56 points	0.59%	0.03%
Williams Cos Inc/TheWMB	MAGA +0.55 points	0.68%	0.13%
Vistra CorpVST	MAGA +0.55 points	0.61%	0.06%
Space Exploration Technologies CorpSPCX	MAGA +0.55 points	0.82%	0.27%
Dominion Energy IncD	MAGA +0.55 points	0.63%	0.08%
ATI IncATI	MAGA +0.55 points	0.58%	0.03%
Robinhood Markets IncHOOD	MAGA +0.55 points	0.65%	0.10%

All 153 MAGA 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.

MAGA vs SCHX Cost

Overpaying MAGA vs SCHX

$13,319

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

MAGA 0.72%
$13,957
SCHX 0.03%
$638

Amount$10,000

Years30 years

Cost over time

MAGA 0.72%
SCHX 0.03%
Overpaying

Year by year

Year	MAGA	SCHX	Overpaying
10	$1,284	$55	$1,229
20	$4,888	$216	$4,672
30	$13,957	$638	$13,319

Expense ratio

0.72%MAGA
0.03%SCHX, cheaper

SCHX0.03%MAGA0.72%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

MAGA 27th cheapest of 29 funds

MAGA vs SCHX Dividends

Last 12 months to Nov 2, 2026

Yield (12M): MAGA 1.43%, better; SCHX 1.06%
Payout (12M): MAGA $0.83; SCHX $0.31
Last payment: MAGA $0.83; SCHX $0.08
Ex-dividend: MAGA Dec 30, 2025; SCHX Sep 23, 2026
Paid on: MAGA Dec 31, 2025; SCHX Sep 28, 2026
Frequency: MAGA Annual; SCHX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MAGAAnnual · 9 paymentsAll MAGA payments⁠

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

MAGA vs SCHX Risk

Fall from peak · 5 years

MAGA
SCHX

Risk facts

VolatilityStd dev, 3 years: MAGA 13.7%SCHX 12.5%, better
Return per unit of riskSharpe ratio, 3 years: MAGA 0.92SCHX 1.40, better
Worst fallMax drawdown, 5 years: MAGA −18.0%, betterSCHX −25.4%
Market sensitivityBeta, 5 years: MAGA 0.70SCHX 1.01; Market = 1

MAGA 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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MAGA vs SCHX

In short

Stated mandate

Why people hold it

Worth knowing

How MAGA and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in MAGA

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 MAGA and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in MAGA

Only in SCHX

Weight gaps