NSI vs SCHK: Grades, Fees and Holdings Compared

National Security Emerging Markets Index ETF

NSIFNasdaq

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

0.1%by weight

Expense ratio

SCHK −0.72pt a year

NSI0.75%SCHK0.03%

Avg volume · 30D

SCHK 949.7×the volume

NSI1.38KSCHK1.31M

NSI vs SCHK Performance

Oct 31, 2025 – Oct 30, 2026

+6.7%NSI+11.8%SCHK

Expense ratio: NSI 0.75%; SCHK 0.03%, better
Fund size: NSI $40M; SCHK $5.69B
1Y total return: NSI +6.7%; SCHK +11.8%, better
Yield (12M): NSI 1.30%, better; SCHK 1.05%
Holdings: NSI 103; SCHK 999
Avg volume (30D): NSI 1.38K sh; SCHK 1.31M sh, better
NAV per share: NSI $35.29; SCHK $36.31
52W range

ETF.net Grade

Pillar letters and Scores for NSI, SCHK, with each pillar’s weight
Pillar	NSI	SCHK
Cost30% weight	F4	A98Higher
Mission25% weight	Not scored	A100
Risk15% weight	D29	B66Higher
Tradability15% weight	F19	A90Higher
Holdings10% weight	D31	B57Higher
Durability5% weight	F19	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. NSI 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 NSI 42nd 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 41FGYLDArrow Dow Jones Global Yield ETFScore 21
Rank 42FNSINational Security Emerging Markets Index ETFScore 16

Our read on each fund

ETF.net Research

NSIFNational Security Emerging Markets Index ETF

SCHKASchwab 1000 Index ETF

In short

NSI Emerging markets, run through a national-security filter. NSI tracks a purpose-built index that screens out companies flagged as threats to US interests, then holds what survives passively.

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

NSI The Fund aims to follow the Alerian National Security Emerging Markets Index before fees and expenses. It invests at least 80% of total assets in index components and generally uses passive replication.

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

Why people hold it

NSI The whole point: a rules-based process that filters out EM companies tripping any of nine national-security screens, from sanctions lists on down.vettafi.com
Ordinary index plumbing underneath. Passive replication, at least 80% of assets in index components, drawn from a universe of the 500 largest EM stocks.nasdaqtrader.com
The benchmark is calculated by an outside index provider (VettaFi) rather than the adviser, and the fund distributes quarterly.vettafi.com

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

NSI It runs 0.75% a year, well above the going rate for plain-vanilla index trackers. The screen is what the premium buys.
A small fund that trades thinly, so spreads can be wide and patient limit orders matter more than usual.
Exclusions turn on the sponsor's own view of what threatens US national security, so the holdings can look quite different from a standard EM index.nasdaqtrader.com

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 NSI profile⁠

Full SCHK profile⁠

NSI vs SCHK Holdings

How NSI and SCHK differ

Overlap by weight

0.1%

Shared holdings make up 1.1% of NSI and 0.1% of SCHK.

Level by level

Holdings2 in both0.1%
Countryby domicile3.2%
Sector11 Sectors82.6%
Asset classEquity100%

Sector

Sector weights in NSI and SCHK, widest gap first
Sector	More in NSIMore in SCHK	NSI	SCHK
Health Care	SCHK +7.2 points	2.6%	9.8%
Financials	NSI +7.0 points	18.4%	11.4%
Industrials	SCHK +5.1 points	3.5%	8.6%
Technology	NSI +4.4 points	43.3%	38.9%
Materials	NSI +4.3 points	6.1%	1.8%
Consumer Staples	SCHK +2.1 points	2.1%	4.2%
Consumer Discretionary	NSI +1.7 points	10.3%	8.6%
Real Estate	SCHK +1.5 points	0.5%	2.0%
Utilities	SCHK +0.9 points	1.0%	1.9%
Communication	SCHK +0.5 points	8.9%	9.4%
Energy	SCHK +0.3 points	3.2%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in NSI and SCHK, widest gap first
Country	More in NSIMore in SCHK	NSI	SCHK
United States	SCHK +96.3 points	3.1%	99.4%
Taiwan	NSI +28.6 points	28.6%	0.0%
China	NSI +21.5 points	21.6%	0.1%
South Korea	NSI +18.0 points	18.0%	0.0%
India	NSI +8.0 points	8.0%	0.0%
Brazil	NSI +7.8 points	7.8%	0.0%
Mexico	NSI +4.1 points	4.2%	0.1%
South Africa	NSI +4.0 points	4.0%	0.0%
Other countries (9)	NSI +4.2 points	4.6%	0.4%

Outside the US: NSI 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

NSI48.7%
SCHK34.4%

Securities held

NSI101
SCHK999

Asset class

NSI: Equity
SCHK: Equity

Holdings

Only in NSI99
In both2
Only in SCHK997

Only in NSI

99 securities, 98.9% of NSI by weight

Taiwan Semic-Adr14.51%
Samsun-Gdr Reg’s8.17%
Bbh Sweep Vehicle4.24%
Ase Techn-Adr4.22%
China Constr-Adr4.07%
Hon Hai-Gdr Regs3.53%
Sk Hynix Inc-Adr2.77%
Pdd Holdings Inc2.44%
United Micro-Adr2.37%
Relianc-Gdr 144A2.33%
Ping An Insu-Adr2.28%
Netease Inc-Adr2.10%
Hdfc Bank-Adr1.98%
Naspers-N Adr1.90%
Zto Express -Adr1.84%
Chunghwa Tel-Adr1.76%
Beone Medicines1.70%
Meituan-Unsp Adr1.50%
Icici Bank-Adr1.49%
Mercadolibre Inc1.48%
Full Truck A-Adr1.23%
Posco-Spon Adr1.22%
Kb Financial-Adr1.08%
Vale Sa-Sp Adr1.02%
America Movil SA1.01%
Sk Telec-Spn Adr0.93%
Dr. Reddy's Labo0.86%
Shinhan Fina-Adr0.83%
Kt Corp-Adr0.78%
Petrobras Sa-Adr0.77%
Infosys Ltd-Adr0.76%
Woori Fi-Adr0.76%
Ambev Sa-Adr0.73%
Grupo Cibest Sa-0.72%
Trip.com Gro-Adr0.69%
Fomento Econ-Adr0.68%
Itau Unibanc-Adr0.66%
Bank Central-Adr0.64%
Banco Chile-Adr0.62%
Ke Holdings -Adr0.59%
Bilibili Inc-Adr0.59%
Banco Santan-Adr0.58%
Kanzhun Ltd0.57%
Nu Holdings Lt-A0.56%
Grupo Aeropo-Adr0.56%
Grupo Aeropo-Adr0.55%
Cemex Sab-Sp Adr0.53%
Gold Fields-Adr0.48%
Xpeng Inc-Adr0.47%
Grupo Aeropo-Adr0.45%

Only in SCHK

997 securities, 99.9% 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%
Wells Fargo0.36%
Amgen Inc0.35%
International Business Machines Co0.34%
Oracle0.33%
Ge Vernova0.33%
Linde PLC0.32%
Morgan Stanley0.31%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in NSI and SCHK, widest gap first
Holding	More in NSIMore in SCHK	NSI	SCHK
Anglogold AshantAU	NSI +0.51 points	0.56%	0.05%
Coupang IncCPNG	NSI +0.46 points	0.49%	0.03%

All NSI 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.

NSI vs SCHK Cost

Overpaying NSI vs SCHK

$13,844

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

NSI 0.75%
$14,482
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

NSI 0.75%
SCHK 0.03%
Overpaying

Year by year

Year	NSI	SCHK	Overpaying
10	$1,336	$55	$1,281
20	$5,078	$216	$4,862
30	$14,482	$638	$13,844

Expense ratio

0.75%NSI
0.03%SCHK, cheaper

SCHK0.03%NSI0.75%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

NSI 39th cheapest of 42 funds

NSI vs SCHK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): NSI 1.30%, better; SCHK 1.05%
Payout (12M): NSI $0.46; SCHK $0.38
Last payment: NSI $0.05; SCHK $0.10
Ex-dividend: NSI May 22, 2026; SCHK Sep 23, 2026
Paid on: NSI May 27, 2026; SCHK Sep 28, 2026
Frequency: NSI Twice a year; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NSITwice a year · 11 paymentsAll NSI payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

NSI vs SCHK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NSI 13.9%since Jan 2024SCHK 12.6%
Return per unit of riskSharpe ratio, 3 years: NSI 0.65since Jan 2024SCHK 1.39
Worst fallMax drawdown, 5 years: NSI −18.8%since Dec 2023SCHK −25.4%
Market sensitivityBeta, 5 years: NSI 0.60SCHK 1.02; Market = 1

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