RND vs SCHK: Grades, Fees and Holdings Compared

First Trust Bloomberg R&D Leaders ETF

RNDFNYSE Arca

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

42.9%by weight

Expense ratio

SCHK −0.57pt a year

RND0.60%SCHK0.03%

Avg volume · 30D

SCHK 347.5×the volume

RND3.78KSCHK1.31M

RND vs SCHK Performance

Oct 31, 2025 – Oct 30, 2026

+4.6%RND+11.8%SCHK

Expense ratio: RND 0.60%; SCHK 0.03%, better
Fund size: RND $10M; SCHK $5.69B
1Y total return: RND +4.6%; SCHK +11.8%, better
Yield (12M): RND 0.00%; SCHK 1.05%, better
Holdings: RND 51; SCHK 999
Avg volume (30D): RND 3.78K sh; SCHK 1.31M sh, better
NAV per share: RND $32.43; SCHK $36.31
52W range

ETF.net Grade

Pillar letters and Scores for RND, SCHK, with each pillar’s weight
Pillar	RND	SCHK
Cost30% weight	F20	A98Higher
Mission25% weight	Not scored	A100
Risk15% weight	F11	B66Higher
Tradability15% weight	C46	A90Higher
Holdings10% weight	F24	B57Higher
Durability5% weight	F24	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. RND 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 RND 39th 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 39DKEMQKraneShares Public-Private Emerging Markets Internet and Technology ETFScore 24
Rank 39FRNDFirst Trust Bloomberg R&D Leaders ETFScore 24
Rank 41FGYLDArrow Dow Jones Global Yield ETFScore 21

Our read on each fund

ETF.net Research

RNDFFirst Trust Bloomberg R&D Leaders ETF

SCHKASchwab 1000 Index ETF

In short

RND Most index funds rank companies by size. RND ranks them by research budget, holding roughly 50 heavy R&D spenders picked by the Bloomberg R&D Leaders Select Index. First Trust launched it in 2024.

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

RND The Fund seeks to track the price and yield performance of the Bloomberg R&D Leaders Select Index before fees and expenses, generally investing at least 80% of assets in index securities.

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

Why people hold it

RND Buys the research spenders directly. The Bloomberg R&D Leaders Select Index does the choosing, so lab budgets drive the portfolio instead of market cap.ftportfolios.com
Concentrated on purpose: roughly 50 names, so the R&D theme actually shows through instead of getting diluted across hundreds of holdings.
Rules, not hunches. At least 80% of assets sit in index securities, and the index rebuilds by its own published method.ftportfolios.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

RND 0.60% a year is above the typical index-tracking ETF and many times what broad core trackers like SCHK (0.03%) or VXF (0.05%) charge for the whole market.
Small fund, light trading. Thin markets tend to mean wider bid-ask spreads, a cost that lands on top of the expense ratio.
Launched in 2024, so the live record is short and there is little history for judging how closely the fund shadows its index.

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 RND profile⁠

Full SCHK profile⁠

RND vs SCHK Holdings

How RND and SCHK differ

Overlap by weight

42.9%

Shared holdings make up 99.8% of RND and 45.3% of SCHK.

Level by level

Holdings50 in both42.9%
Sector11 Sectors78.3%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in RND and SCHK, widest gap first
Sector	More in RNDMore in SCHK	RND	SCHK
Financials	SCHK +10.4 points	1.0%	11.4%
Technology	RND +7.6 points	46.5%	38.9%
Consumer Discretionary	RND +5.9 points	14.5%	8.6%
Health Care	RND +5.1 points	14.9%	9.8%
Energy	SCHK +3.5 points	0.0%	3.5%
Consumer Staples	SCHK +3.0 points	1.2%	4.2%
Communication	RND +2.9 points	12.3%	9.4%
Real Estate	SCHK +2.0 points	0.0%	2.0%
Utilities	SCHK +1.9 points	0.0%	1.9%
Materials	SCHK +0.9 points	0.9%	1.8%
Industrials	RND +0.2 points	8.8%	8.6%

Country, concentration and asset class

Country by domicile

Country weights in RND and SCHK, widest gap first
Country	More in RNDMore in SCHK	RND	SCHK
United States	RND +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

RND59.6%
SCHK34.4%

Securities held

RND50
SCHK999

Asset class

RND: Equity
SCHK: Equity

Holdings

Only in RND0
In both50
Only in SCHK949

Only in RND

0 securities, 0.0% of RND by weight

Only in SCHK

949 securities, 54.7% of SCHK by weight

Alphabet Class C1.86%
Berkshire Hathaway Inc Class B1.40%
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%
Costco Wholesale Corp0.61%
Procter & Gamble0.52%
UnitedHealth Group0.51%
Merck & Co Inc0.50%
Coca-Cola0.50%
Bank of America0.46%
Home Depot0.46%
Philip Morris International0.45%
Ge Aerospace0.45%
Caterpillar Inc0.41%
Goldman Sachs Group0.37%
Rtx0.37%
Thermo Fisher Scientific0.36%
Wells Fargo0.36%
Linde PLC0.32%
Morgan Stanley0.31%
Kla0.30%
Analog Devices0.29%
Citigroup0.29%
Qualcomm0.28%
Space Exploration Technologies Cor0.27%
Sandisk0.27%
Walt Disney0.27%
Pepsico0.25%
Mcdonalds Corp0.25%
Verizon Communications Inc0.25%
Abbott Laboratories0.25%
Conocophillips0.25%
Union Pacific0.25%
Nextera Energy0.24%
Pfizer0.24%
American Express0.24%
BlackRock0.23%
Welltower0.23%
Deere0.23%
Seagate Technology Holdings PLC0.22%
Tjx0.22%
Accenture PLC Class A0.21%
Charles Schwab0.20%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in RND and SCHK, widest gap first
Holding	More in RNDMore in SCHK	RND	SCHK
Amazon.com, Inc.AMZN	RND +4.66 points	7.98%	3.32%
Alphabet Inc. (Class A)GOOGL	RND +4.42 points	6.73%	2.31%
Eli Lilly and CompanyLLY	RND +3.55 points	5.07%	1.52%
Tesla, Inc.TSLA	RND +3.08 points	4.66%	1.58%
Microsoft CorporationMSFT	RND +2.97 points	8.42%	5.45%
Netflix, Inc.NFLX	RND +2.76 points	3.12%	0.36%
Amgen Inc.AMGN	RND +2.70 points	3.04%	0.35%
GE Vernova Inc.GEV	RND +2.44 points	2.77%	0.33%
Gilead Sciences, Inc.GILD	RND +2.28 points	2.56%	0.28%
Advanced Micro Devices, Inc.AMD	RND +2.13 points	3.41%	1.28%
Amphenol CorporationAPH	RND +2.07 points	2.35%	0.28%
Micron Technology, Inc.MU	RND +1.98 points	3.44%	1.46%
Intuitive Surgical, Inc.ISRG	RND +1.62 points	1.84%	0.22%
Meta Platforms, Inc. (Class A)META	RND +1.60 points	3.51%	1.91%
Danaher CorporationDHR	RND +1.59 points	1.80%	0.21%
Broadcom Inc.AVGO	RND +1.56 points	3.84%	2.28%
Eaton Corporation PlcETN	RND +1.53 points	1.74%	0.21%
Vertex Pharmaceuticals IncorporatedVRTX	RND +1.53 points	1.72%	0.19%
Apple Inc.AAPL	RND +1.50 points	8.56%	7.06%
Uber Technologies, Inc.UBER	RND +1.41 points	1.60%	0.19%
Bristol-Myers Squibb CompanyBMY	RND +1.38 points	1.55%	0.17%
Medtronic PlcMDT	RND +1.33 points	1.50%	0.17%
Automatic Data Processing, Inc.ADP	RND +1.25 points	1.41%	0.16%
Booking Holdings Inc.BKNG	RND +1.22 points	1.38%	0.16%
CME Group Inc.CME	RND +1.17 points	1.32%	0.15%
Stryker CorporationSYK	RND +1.10 points	1.25%	0.15%
Trane Technologies plcTT	RND +0.97 points	1.10%	0.13%
Vertiv Holdings Co (Class A)VRT	RND +0.94 points	1.07%	0.13%
Palantir Technologies Inc. (Class A)PLTR	SCHK +0.26 points	0.37%	0.63%
Cisco Systems, Inc.CSCO	SCHK +0.25 points	0.34%	0.59%
NVIDIA CorporationNVDA	RND +0.25 points	7.41%	7.16%
Applied Materials, Inc.AMAT	SCHK +0.19 points	0.28%	0.47%
Lam Research CorporationLRCX	SCHK +0.17 points	0.27%	0.44%
Palo Alto Networks, Inc.PANW	SCHK +0.16 points	0.27%	0.43%
Texas Instruments IncorporatedTXN	SCHK +0.15 points	0.25%	0.40%
CrowdStrike Holdings, Inc. (Class A)CRWD	SCHK +0.14 points	0.23%	0.37%
Oracle CorporationORCL	SCHK +0.13 points	0.20%	0.33%
International Business Machines CorporationIBM	SCHK +0.12 points	0.22%	0.34%
Marvell Technology, Inc.MRVL	SCHK +0.11 points	0.16%	0.27%
Arista Networks, Inc.ANET	SCHK +0.11 points	0.16%	0.27%
Salesforce, Inc.CRM	SCHK +0.10 points	0.16%	0.26%
Dell Technologies Inc. (Class C)DELL	SCHK +0.09 points	0.11%	0.20%
Snowflake Inc. (Class A)SNOW	SCHK +0.07 points	0.09%	0.16%
ServiceNow, Inc.NOW	SCHK +0.06 points	0.10%	0.16%
Cloudflare, Inc. (Class A)NET	SCHK +0.06 points	0.08%	0.14%
Datadog, Inc. (Class A)DDOG	SCHK +0.05 points	0.07%	0.12%
Corning IncorporatedGLW	SCHK +0.05 points	0.09%	0.14%
Cadence Design Systems, Inc.CDNS	SCHK +0.05 points	0.08%	0.13%
Adobe IncorporatedADBE	SCHK +0.05 points	0.09%	0.14%
Fortinet, Inc.FTNT	SCHK +0.04 points	0.08%	0.12%

All 50 RND 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.

RND vs SCHK Cost

Overpaying RND vs SCHK

$11,179

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

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

Amount$10,000

Years30 years

Cost over time

RND 0.60%
SCHK 0.03%
Overpaying

Year by year

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

Expense ratio

0.60%RND
0.03%SCHK, cheaper

SCHK0.03%RND0.60%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

RND 33rd cheapest of 42 funds

RND vs SCHK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): RND 0.00%; SCHK 1.05%, better
Payout (12M): RND None; SCHK $0.38
Last payment: RND No data; SCHK $0.10
Ex-dividend: RND No data; SCHK Sep 23, 2026
Paid on: RND No data; SCHK Sep 28, 2026
Frequency: RND No data; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

RND1 paymentAll RND payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

RND vs SCHK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: RND 15.9%since Jun 2024SCHK 12.6%
Return per unit of riskSharpe ratio, 3 years: RND 0.95since Jun 2024SCHK 1.39
Worst fallMax drawdown, 5 years: RND −23.5%since May 2024SCHK −25.4%
Market sensitivityBeta, 5 years: RND 1.23SCHK 1.02; Market = 1

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