PBUS vs SCHK: Grades, Fees and Holdings Compared

Invesco MSCI USA ETF

PBUSACboe

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

92.7%by weight

Expense ratio

SCHK −0.01pt a year

PBUS0.04%SCHK0.03%

Avg volume · 30D

SCHK 3.0×the volume

PBUS433KSCHK1.31M

5Y return · a year

PBUS +0.2pt

PBUS+11.5%SCHK+11.3%

PBUS vs SCHK Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%PBUS+70.5%SCHK

Expense ratio: PBUS 0.04%; SCHK 0.03%, better
Fund size: PBUS $10.5B; SCHK $5.69B
1Y total return: PBUS +11.5%; SCHK +11.8%, better
Yield (12M): PBUS 1.02%; SCHK 1.05%, better
Holdings: PBUS 517; SCHK 999
Avg volume (30D): PBUS 433K sh; SCHK 1.31M sh, better
NAV per share: PBUS $75.71; SCHK $36.31
52W range

ETF.net Grade

Pillar letters and Scores for PBUS, SCHK, with each pillar’s weight
Pillar	PBUS	SCHK
Cost30% weight	A98	A98
Mission25% weight	A100	A100
Risk15% weight	B63	B66Higher
Tradability15% weight	A86	A90Higher
Holdings10% weight	C50	B57Higher
Durability5% weight	A74Higher	B68

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. PBUS 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 PBUS 3rd 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 4AVOOVVanguard S&P 500 Value ETFScore 79

Our read on each fund

ETF.net Research

PBUSAInvesco MSCI USA ETF

SCHKASchwab 1000 Index ETF

In short

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

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

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

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

Why people hold it

PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

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

PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

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 PBUS profile⁠

Full SCHK profile⁠

PBUS vs SCHK Holdings

How PBUS and SCHK differ

Overlap by weight

92.7%

Shared holdings make up 99.3% of PBUS and 93.3% of SCHK.

Level by level

Holdings503 in both92.7%
Sector11 Sectors97.9%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in PBUS and SCHK, widest gap first
Sector	More in PBUSMore in SCHK	PBUS	SCHK
Technology	PBUS +1.3 points	40.2%	38.9%
Industrials	SCHK +0.7 points	7.9%	8.6%
Communication	PBUS +0.5 points	9.9%	9.4%
Health Care	SCHK +0.5 points	9.3%	9.8%
Financials	SCHK +0.4 points	11.0%	11.4%
Real Estate	SCHK +0.4 points	1.6%	2.0%
Consumer Discretionary	PBUS +0.2 points	8.8%	8.6%
Materials	SCHK +0.2 points	1.6%	1.8%
Consumer Staples	PBUS +0.1 points	4.3%	4.2%
Energy	Same weight	3.5%	3.5%
Utilities	SCHK +0.1 points	1.8%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in PBUS and SCHK, widest gap first
Country	More in PBUSMore in SCHK	PBUS	SCHK
United States	SCHK +0.2 points	99.2%	99.4%
Switzerland	Same weight	0.3%	0.3%
Brazil	PBUS +0.1 points	0.1%	0.0%
China	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Canada	PBUS +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Other countries (3)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

PBUS36.6%
SCHK34.4%

Securities held

PBUS515
SCHK999

Asset class

PBUS: Equity
SCHK: Equity

Holdings

Only in PBUS12
In both503
Only in SCHK496

Only in PBUS

12 securities, 0.7% of PBUS by weight

Elevance Health Inc0.14%
MercadoLibre Inc0.12%
Becton Dickinson & Co0.08%
Waste Connections Inc0.07%
Vivmark Residential0.07%
Block Inc0.06%
Fiserv Inc0.04%
HEICO Corp0.03%
Ball Corp0.02%
Invesco Government & Agency Portfolio0.02%
IREN Ltd0.01%
Fox Corp0.01%

Only in SCHK

496 securities, 6.7% of SCHK by weight

Elevance Health Inc0.13%
Ishares Russell Etf0.12%
Moderna0.11%
Becton Dickinson0.07%
Vivmark Residential0.06%
Block Class A0.06%
Anglogold Ashanti PLC0.05%
Ssc Government Mm Gvmxx0.04%
Fiserv Inc0.04%
Guardant Health0.03%
Us Foods Holding0.03%
Viatris0.03%
Tenet Healthcare Corp0.03%
Rubrik Class A0.03%
Permian Resources Class A0.03%
Southwest Airlines0.03%
Roku Class A0.03%
Td Synnex0.03%
Ovintiv0.03%
Royal Gold0.03%
Coupang Class A0.03%
Nutanix Class A0.03%
Woodward0.03%
Revvity0.03%
East West Bancorp0.03%
Apa0.03%
Itt Inc0.03%
Zebra Technologies Corp Class A0.03%
Charles River Laboratories Interna0.02%
Dynatrace Inc0.02%
Wesco International0.02%
Macom Technology Solutions0.02%
Host Hotels & Resorts Reit0.02%
Hf Sinclair0.02%
Api Group0.02%
Viking Holdings Ltd0.02%
Reinsurance Group of America0.02%
Hasbro0.02%
Ball Corp0.02%
Rb Global0.02%
Exelixis Inc0.02%
Jones Lang Lasalle0.02%
Docusign0.02%
Allegion PLC0.02%
Stanley Black & Decker0.02%
Clean Harbors Inc0.02%
James Hardie Industries PLC0.02%
Talen Energy0.02%
Rbc Bearings0.02%
Performance Food Group0.02%

Weight gaps

The 100 widest of 503 Holdings in both funds.

Holding weights in PBUS and SCHK, widest gap first
Holding	More in PBUSMore in SCHK	PBUS	SCHK
Apple IncAAPL	PBUS +0.65 points	7.71%	7.06%
Berkshire Hathaway IncBRK.B	SCHK +0.25 points	1.15%	1.40%
Amazon.com IncAMZN	PBUS +0.23 points	3.55%	3.32%
NVIDIA CorpNVDA	PBUS +0.23 points	7.39%	7.16%
Alphabet IncGOOGL	PBUS +0.20 points	2.51%	2.31%
Microsoft CorpMSFT	PBUS +0.18 points	5.63%	5.45%
Tesla IncTSLA	PBUS +0.16 points	1.74%	1.58%
Meta Platforms IncMETA	PBUS +0.15 points	2.06%	1.91%
Space Exploration Technologies CorpSPCX	SCHK +0.14 points	0.13%	0.27%
Eli Lilly & CoLLY	PBUS +0.13 points	1.65%	1.52%
Alphabet IncGOOG	PBUS +0.13 points	1.99%	1.86%
Micron Technology IncMU	PBUS +0.13 points	1.59%	1.46%
Advanced Micro Devices IncAMD	PBUS +0.11 points	1.39%	1.28%
JPMorgan Chase & CoJPM	PBUS +0.10 points	1.37%	1.27%
ExxonMobil Holdings CorpXOM	PBUS +0.09 points	1.14%	1.05%
Johnson & JohnsonJNJ	PBUS +0.08 points	1.00%	0.92%
Broadcom IncAVGO	PBUS +0.07 points	2.35%	2.28%
Mastercard IncMA	PBUS +0.06 points	0.77%	0.71%
AbbVie IncABBV	PBUS +0.06 points	0.77%	0.71%
Visa IncV	PBUS +0.05 points	1.02%	0.97%
Costco Wholesale CorpCOST	PBUS +0.06 points	0.67%	0.61%
UnitedHealth Group IncUNH	PBUS +0.05 points	0.56%	0.51%
Cisco Systems IncCSCO	PBUS +0.05 points	0.64%	0.59%
Delta Air Lines IncDAL	SCHK +0.05 points	0.02%	0.07%
Walmart IncWMT	PBUS +0.05 points	0.80%	0.75%
Procter & Gamble Co/ThePG	PBUS +0.04 points	0.56%	0.52%
Merck & Co IncMRK	PBUS +0.04 points	0.54%	0.50%
Coca-Cola Co/TheKO	PBUS +0.04 points	0.54%	0.50%
Applied Materials IncAMAT	PBUS +0.03 points	0.50%	0.47%
General Electric CoGE	PBUS +0.04 points	0.49%	0.45%
Home Depot Inc/TheHD	PBUS +0.03 points	0.49%	0.46%
Philip Morris International IncPM	PBUS +0.04 points	0.49%	0.45%
Bank of America CorpBAC	PBUS +0.04 points	0.50%	0.46%
Lam Research CorpLRCX	PBUS +0.04 points	0.48%	0.44%
Caterpillar IncCAT	PBUS +0.04 points	0.45%	0.41%
Goldman Sachs Group Inc/TheGS	PBUS +0.04 points	0.41%	0.37%
Palo Alto Networks IncPANW	PBUS +0.04 points	0.47%	0.43%
United Airlines Holdings IncUAL	SCHK +0.04 points	0.01%	0.05%
Texas Instruments IncTXN	PBUS +0.03 points	0.43%	0.40%
Thermo Fisher Scientific IncTMO	PBUS +0.04 points	0.40%	0.36%
RTX CorpRTX	PBUS +0.03 points	0.40%	0.37%
Wells Fargo & CoWFC	PBUS +0.03 points	0.39%	0.36%
GE Vernova IncGEV	PBUS +0.03 points	0.36%	0.33%
Citigroup IncC	PBUS +0.03 points	0.32%	0.29%
Netflix IncNFLX	PBUS +0.03 points	0.39%	0.36%
Arista Networks IncANET	PBUS +0.03 points	0.30%	0.27%
Linde PLCLIN	PBUS +0.03 points	0.35%	0.32%
Sandisk CorpSNDK	PBUS +0.03 points	0.30%	0.27%
Oracle CorpORCL	PBUS +0.03 points	0.36%	0.33%
Amgen IncAMGN	PBUS +0.02 points	0.37%	0.35%
International Business Machines CorpIBM	PBUS +0.03 points	0.36%	0.34%
Blackrock IncBLK	PBUS +0.03 points	0.26%	0.23%
Intel CorpINTC	SCHK +0.02 points	0.61%	0.63%
KLA CorpKLAC	PBUS +0.03 points	0.33%	0.30%
ConocoPhillipsCOP	PBUS +0.02 points	0.27%	0.25%
Gilead Sciences IncGILD	PBUS +0.03 points	0.31%	0.28%
Analog Devices IncADI	PBUS +0.03 points	0.32%	0.29%
Walt Disney Co/TheDIS	PBUS +0.02 points	0.29%	0.27%
Amphenol CorpAPH	PBUS +0.02 points	0.30%	0.28%
HEICO CorpHEI	SCHK +0.02 points	0.02%	0.04%
Abbott LaboratoriesABT	PBUS +0.02 points	0.27%	0.25%
Marathon Petroleum CorpMPC	PBUS +0.02 points	0.19%	0.17%
Charles Schwab Corp/TheSCHW	PBUS +0.02 points	0.22%	0.20%
Verizon Communications IncVZ	PBUS +0.02 points	0.27%	0.25%
Morgan StanleyMS	PBUS +0.03 points	0.34%	0.31%
American Express CoAXP	PBUS +0.02 points	0.26%	0.24%
McDonald's CorpMCD	PBUS +0.02 points	0.27%	0.25%
Medtronic PLCMDT	PBUS +0.02 points	0.19%	0.17%
PepsiCo IncPEP	PBUS +0.02 points	0.27%	0.25%
Danaher CorpDHR	PBUS +0.02 points	0.23%	0.21%
Union Pacific CorpUNP	PBUS +0.02 points	0.27%	0.25%
NextEra Energy IncNEE	PBUS +0.02 points	0.26%	0.24%
Crowdstrike Holdings IncCRWD	PBUS +0.02 points	0.39%	0.37%
Pfizer IncPFE	PBUS +0.02 points	0.26%	0.24%
Intuitive Surgical IncISRG	PBUS +0.02 points	0.24%	0.22%
Lockheed Martin CorpLMT	PBUS +0.02 points	0.20%	0.18%
AT&T IncT	PBUS +0.02 points	0.22%	0.20%
Waste Management IncWM	PBUS +0.02 points	0.14%	0.12%
Booking Holdings IncBKNG	PBUS +0.02 points	0.18%	0.16%
Eaton Corp PLCETN	PBUS +0.02 points	0.23%	0.21%
QUALCOMM IncQCOM	PBUS +0.01 points	0.29%	0.28%
TJX Cos Inc/TheTJX	PBUS +0.01 points	0.23%	0.22%
Valero Energy CorpVLO	PBUS +0.02 points	0.17%	0.15%
Vertex Pharmaceuticals IncVRTX	PBUS +0.02 points	0.21%	0.19%
Accenture PLCACN	PBUS +0.02 points	0.23%	0.21%
Progressive Corp/ThePGR	PBUS +0.01 points	0.20%	0.19%
Strategy IncMSTR	SCHK +0.01 points	0.06%	0.07%
S&P Global IncSPGI	PBUS +0.02 points	0.21%	0.19%
Regeneron Pharmaceuticals IncREGN	PBUS +0.02 points	0.13%	0.11%
McKesson CorpMCK	PBUS +0.01 points	0.17%	0.16%
Palantir Technologies IncPLTR	PBUS +0.01 points	0.64%	0.63%
HCA Healthcare IncHCA	PBUS +0.01 points	0.11%	0.10%
Salesforce IncCRM	PBUS +0.02 points	0.28%	0.26%
Dell Technologies IncDELL	PBUS +0.01 points	0.21%	0.20%
Welltower IncWELL	PBUS +0.02 points	0.25%	0.23%
Bristol-Myers Squibb CoBMY	PBUS +0.02 points	0.19%	0.17%
Marvell Technology IncMRVL	PBUS +0.01 points	0.28%	0.27%
Altria Group IncMO	PBUS +0.01 points	0.19%	0.18%
Newmont CorpNEM	PBUS +0.02 points	0.18%	0.16%
Illinois Tool Works IncITW	PBUS +0.02 points	0.12%	0.10%

All 515 PBUS 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.

PBUS vs SCHK Cost

Overpaying PBUS vs SCHK

$211

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

PBUS 0.04%
$849
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

PBUS 0.04%
SCHK 0.03%
Overpaying

Year by year

Year	PBUS	SCHK	Overpaying
10	$73	$55	$18
20	$288	$216	$72
30	$849	$638	$211

Expense ratio

0.04%PBUS
0.03%SCHK, cheaper

SCHK0.03%PBUS0.04%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

PBUS 2nd cheapest of 42 funds

PBUS vs SCHK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PBUS 1.02%; SCHK 1.05%, better
Payout (12M): PBUS $0.77; SCHK $0.38
Last payment: PBUS $0.19; SCHK $0.10
Ex-dividend: PBUS Sep 21, 2026; SCHK Sep 23, 2026
Paid on: PBUS Sep 25, 2026; SCHK Sep 28, 2026
Frequency: PBUS Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBUSQuarterly · 36 paymentsAll PBUS payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

PBUS vs SCHK Risk

Fall from peak · 5 years

PBUS
SCHK

Risk facts

VolatilityStd dev, 3 years: PBUS 12.5%, betterSCHK 12.6%
Return per unit of riskSharpe ratio, 3 years: PBUS 1.41, betterSCHK 1.39
Worst fallMax drawdown, 5 years: PBUS −25.4%SCHK −25.4%
Market sensitivityBeta, 5 years: PBUS 1.02SCHK 1.02; Market = 1

Popular comparisons

PBUSAvsSPYVA
Invesco MSCI USA ETF · State Street SPDR Portfolio S&P 500 Value ETF
Expense ratio
0.04% · 0.04%
Category
SCHKAvsSPYVA
Schwab 1000 Index ETF · State Street SPDR Portfolio S&P 500 Value ETF
Expense ratio
0.03% · 0.04%
Category
PBUSAvsVOOVA
Invesco MSCI USA ETF · Vanguard S&P 500 Value ETF
Expense ratio
0.04% · 0.07%
Category
SCHKAvsVOOVA
Schwab 1000 Index ETF · Vanguard S&P 500 Value ETF
Expense ratio
0.03% · 0.07%
Category
PBUSAvsVOTEA
Invesco MSCI USA ETF · TCW Transform 500 ETF
Expense ratio
0.04% · 0.05%
Category
SCHKAvsVOTEA
Schwab 1000 Index ETF · TCW Transform 500 ETF
Expense ratio
0.03% · 0.05%
Category