SCHB vs SPGM: Grades, Fees and Holdings Compared

Schwab U.S. Broad Market ETF

SCHBANYSE Arca

State Street SPDR Portfolio MSCI Global Stock Market ETF

SPGMANYSE Arca

Overlap

57.9%by weight

Expense ratio

SCHB −0.06pt a year

SCHB0.03%SPGM0.09%

Avg volume · 30D

SCHB 85.3×the volume

SCHB9.81MSPGM115K

10Y return · a year

SCHB +1.2pt

SCHB+13.6%SPGM+12.4%

SCHB vs SPGM Performance

Nov 12, 2021 – Nov 13, 2026

+64.7%SCHB+60.9%SPGM

Expense ratio: SCHB 0.03%, better; SPGM 0.09%
Fund size: SCHB $44.5B; SPGM $1.8B
1Y total return: SCHB +13.7%; SPGM +13.9%, better
Yield (12M): SCHB 1.06%; SPGM 1.81%, better
Holdings: SCHB 2411; SPGM 2917
Avg volume (30D): SCHB 9.81M sh, better; SPGM 115K sh
NAV per share: SCHB $29.12; SPGM $85.12
52W range

ETF.net Grade

Pillar letters and Scores for SCHB, SPGM, with each pillar’s weight
Pillar	SCHB	SPGM
Cost30% weight	A72	A73
Mission25% weight	A100	A100
Risk15% weight	C50	C49
Tradability15% weight	B65	C43
Holdings10% weight	A74	A73
Durability5% weight	B67	C54

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

SCHB ranks 2nd of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 77
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 74
Rank 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 73

MSCI ACWI / World⁠

Category · 6 funds

See all 6 ›

SPGM ranks 2nd of 6 funds in the MSCI ACWI / World Category.

Rank 1AVTVanguard Total World Stock ETFScore 78
Rank 2ASPGMState Street SPDR Portfolio MSCI Global Stock Market ETFScore 70
Rank 3BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 62

Our read on each fund

ETF.net Research

SCHBASchwab U.S. Broad Market ETF

SPGMAState Street SPDR Portfolio MSCI Global Stock Market ETF

In short

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.

SPGM One ticker for the whole investable world. SPGM tracks MSCI's ACWI IMI index, holding roughly 2,900 stocks across developed and emerging markets, and charges 0.09% a year to do it.

Stated mandate

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

SPGM The fund seeks to track, before fees and expenses, the total return performance of the MSCI ACWI IMI Index.

Why people hold it

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.

SPGM 0.09% a year, against a 0.45% median for the index-wrapper funds it competes with. That gap compounds quietly in your favor.
Roughly 2,900 stocks in one line item: US, developed foreign, emerging. No rebalancing between three regional funds, no home-country blind spot.ssga.com
Pure replication, done tightly: the fund has stuck close to the MSCI ACWI IMI index it promises, one of the cleaner implementations among the index trackers we cover.ssga.com
Live since 2012 and now a multi-billion-dollar fund, so it is not a launch-year experiment hunting for assets.

Worth knowing

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.

SPGM Vanguard's VT covers similar all-world ground for 0.06%. Small gap, but real if fee is your only tiebreaker.
Owning the world means owning its currencies and its emerging markets. Foreign swings show up in your return, unsmoothed.
Moderately traded rather than a volume monster, so bid-ask spreads can run wider than the busiest global funds.

Full SCHB profile⁠

Full SPGM profile⁠

SCHB vs SPGM Holdings

How SCHB and SPGM differ

Overlap by weight

57.9%

Shared holdings make up 86.9% of SCHB and 63.1% of SPGM.

Level by level

Holdings948 in both57.9%
Countryby domicile64.1%
Sector11 Sectors89.3%
Asset classStocks100%

Sector

Sector weights in SCHB and SPGM, widest gap first
Sector	Gap	SCHB	SPGM
Technology	SCHB +7.4 points	34.8%	27.4%
Financials	SPGM +4.9 points	12.7%	17.6%
Industrials	SPGM +3.1 points	8.7%	11.8%
Materials	SPGM +1.8 points	1.9%	3.7%
Health Care	SCHB +1.2 points	11.0%	9.8%
Communication	SCHB +1.0 points	8.2%	7.2%
Energy	SPGM +0.7 points	3.7%	4.4%
Real Estate	SCHB +0.6 points	2.3%	1.7%
Consumer Discretionary	SCHB +0.5 points	9.7%	9.2%
Consumer Staples	SPGM +0.3 points	4.8%	5.1%
Utilities	SPGM +0.1 points	2.1%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in SCHB and SPGM, widest gap first
Country	Gap	SCHB	SPGM
United States	SCHB +35.8 points	99.4%	63.6%
Japan	SPGM +5.7 points	0.0%	5.7%
Canada	SPGM +3.1 points	0.0%	3.1%
United Kingdom	SPGM +3.1 points	0.1%	3.2%
Taiwan	SPGM +3.0 points	0.0%	3.0%
China	SPGM +2.2 points	0.1%	2.3%
Switzerland	SPGM +2.1 points	0.3%	2.4%
South Korea	SPGM +1.9 points	0.0%	1.9%
Other countries (29)	SPGM +14.7 points	0.1%	14.8%

Outside the US: SPGM 70% developed, 30% emerging.

Concentration

Weight in the 10 largest Holdings

SCHB33.1%
SPGM21.3%

Securities held

SCHB2,410
SPGM2,884

Asset class

SCHB: Stocks
SPGM: Stocks

Holdings

Only in SCHB1,462
In both948
Only in SPGM1,936

Only in SCHB

1,462 securities, 13.0% of SCHB by weight

Marriott International Class A0.12%
Motorola Solutions Inc0.12%
Hilton Worldwide Holdings0.11%
Cencora0.09%
Monster Beverage0.09%
Ww Grainger Inc0.09%
Cardinal Health0.09%
Cheniere Energy0.09%
Targa Resources0.09%
Truist Financial0.08%
Edwards Lifesciences0.08%
Dominion Energy0.08%
Ssc Government Mm Gvmxx0.08%
Realty Income Reit0.08%
Oneok0.08%
Paccar Inc0.08%
Ametek Inc0.08%
Autozone0.07%
Entergy Corp0.07%
Sempra0.07%
Delta Air Lines0.07%
Xcel Energy Inc0.07%
L3HARRIS Technologies0.07%
Westinghouse Air Brake Technologie0.07%
Republic Services Inc0.07%
Fifth Third Bancorp0.07%
Keurig Dr Pepper Inc0.07%
Nasdaq Inc0.07%
Garmin0.06%
Roper Technologies0.06%
Msci0.06%
Ventas Reit0.06%
Ameriprise Finance Inc0.06%
Rockwell Automation Inc0.06%
Iqvia Holdings Inc0.06%
Consolidated Edison0.06%
American International Group0.06%
Kroger0.05%
Wec Energy Group0.05%
Crown Castle Inc0.05%
Cbre Group Class A0.05%
Diamondback Energy0.05%
Hartford Insurance Group0.05%
Interactive Brokers Group Inc Clas0.05%
Arch Capital Group0.05%
Paychex0.05%
Vulcan Materials0.05%
United Airlines Holdings0.05%
Mettler Toledo0.05%
Resmed0.05%

Only in SPGM

1,936 securities, 36.7% of SPGM by weight

Taiwan Semiconductor Sp Adr1.48%
Samsung Electr Gdr Reg’s0.66%
Asml Holding NV0.54%
Sk Hynix Inc0.49%
Tencent Holdings Ltd0.34%
Shell PLC0.31%
Roche Holding AG0.30%
Hsbc Holdings PLC0.28%
Novartis AG Reg0.26%
Toyota Motor Corp0.25%
Mitsubishi Ufj Financial Gro0.24%
Nestle SA Reg0.24%
Royal Bank of Canada0.23%
Siemens AG Reg0.23%
Abb Ltd Reg0.21%
Allianz SE Reg0.21%
Sap SE0.21%
Sony Group Corp0.20%
Toronto Dominion Bank0.19%
National Bank of Canada0.19%
Astrazeneca PLC0.18%
Kyocera Corp0.18%
Bank Leumi Le Israel0.17%
Schneider Electric SE0.17%
Ubs Group AG Reg0.17%
Kddi Corp0.17%
Unicredit Spa0.16%
Tokio Marine Holdings Inc0.16%
Alibaba Group Holding Ltd0.16%
Banco Santander SA0.16%
Totalenergies SE0.15%
Icici Bank Ltd Spon Adr0.15%
Shopify Inc Class A0.15%
Macquarie Group Ltd0.15%
Iberdrola SA0.15%
Hitachi Ltd0.14%
Cie Financiere Richemo A Reg0.14%
Loblaw Companies Ltd0.14%
Singapore Exchange Ltd0.14%
Marubeni Corp0.14%
Bae Systems PLC0.14%
Muenchener Rueckver AG Reg0.14%
Rolls Royce Holdings PLC0.13%
Hon Hai Precision Gdr Reg’s0.13%
Toyota Tsusho Corp0.13%
Relx PLC0.13%
Geberit AG Reg0.13%
Banco Bilbao Vizcaya Argenta0.13%
Suncor Energy Inc0.13%
Deutsche Boerse AG0.13%

Weight gaps

The 100 widest of 948 Holdings in both funds.

Holding weights in SCHB and SPGM, widest gap first
Holding	Gap	SCHB	SPGM
AppleAAPL	SCHB +2.50 points	7.07%	4.57%
NVIDIANVDA	SCHB +2.07 points	5.49%	3.42%
MicrosoftMSFT	SCHB +2.04 points	5.30%	3.26%
Amazon Com IncAMZN	SCHB +1.40 points	3.58%	2.18%
Broadcom IncAVGO	SCHB +0.93 points	2.36%	1.43%
Alphabet Class AGOOGL	SCHB +0.85 points	2.39%	1.54%
Berkshire Hathaway Inc Class BBRK.B	SCHB +0.81 points	1.50%	0.69%
Meta Platforms Class AMETA	SCHB +0.68 points	1.88%	1.20%
Alphabet Class CGOOG	SCHB +0.64 points	1.92%	1.28%
Eli LillyLLY	SCHB +0.57 points	1.56%	0.99%
Tesla IncTSLA	SCHB +0.55 points	1.53%	0.98%
Advanced Micro DevicesAMD	SCHB +0.49 points	1.30%	0.81%
Micron TechnologyMU	SCHB +0.45 points	1.23%	0.78%
Johnson & JohnsonJNJ	SCHB +0.38 points	0.93%	0.55%
JPMorgan ChaseJPM	SCHB +0.31 points	1.24%	0.93%
Mastercard Class AMA	SCHB +0.31 points	0.72%	0.41%
WalmartWMT	SCHB +0.30 points	0.77%	0.47%
Visa Class AV	SCHB +0.26 points	0.98%	0.72%
Ge AerospaceGE	SCHB +0.25 points	0.47%	0.22%
AbbVieABBV	SCHB +0.23 points	0.71%	0.48%
Exxonmobil Holdings CorpXOM	SCHB +0.22 points	0.95%	0.73%
Palantir Technologies Class APLTR	SCHB +0.21 points	0.54%	0.33%
Space Exploration Technologies CorSPCX	SCHB +0.20 points	0.26%	0.06%
Lam ResearchLRCX	SCHB +0.18 points	0.40%	0.22%
Philip Morris InternationalPM	SCHB +0.18 points	0.42%	0.24%
Intel Corporation CorpINTC	SCHB +0.17 points	0.41%	0.25%
Coca-ColaKO	SCHB +0.16 points	0.51%	0.35%
Procter & GamblePG	SCHB +0.16 points	0.53%	0.37%
WelltowerWELL	SCHB +0.17 points	0.24%	0.07%
Palo Alto NetworksPANW	SCHB +0.16 points	0.36%	0.20%
BlackRockBLK	SCHB +0.16 points	0.24%	0.08%
Amphenol Corp Class AAPH	SCHB +0.15 points	0.27%	0.12%
Verizon Communications IncVZ	SCHB +0.14 points	0.26%	0.12%
AflacAFL	SPGM +0.14 points	0.08%	0.22%
Costco Wholesale CorpCOST	SCHB +0.15 points	0.66%	0.51%
Bank of New York Mellon CorpBNY	SPGM +0.15 points	0.14%	0.29%
Arista NetworksANET	SCHB +0.14 points	0.29%	0.15%
UnitedHealth GroupUNH	SCHB +0.15 points	0.50%	0.35%
Crowdstrike Holdings Class ACRWD	SCHB +0.14 points	0.32%	0.18%
KlaKLAC	SCHB +0.14 points	0.28%	0.14%
NetflixNFLX	SCHB +0.14 points	0.36%	0.22%
OracleORCL	SCHB +0.13 points	0.34%	0.21%
Travelers CompaniesTRV	SPGM +0.14 points	0.11%	0.25%
Ge VernovaGEV	SCHB +0.13 points	0.30%	0.17%
Merck & Co IncMRK	SCHB +0.13 points	0.49%	0.36%
Vertex PharmaceuticalsVRTX	SCHB +0.13 points	0.19%	0.06%
Ross Stores IncROST	SPGM +0.12 points	0.10%	0.22%
Cisco Systems IncCSCO	SCHB +0.12 points	0.55%	0.43%
MetlifeMET	SPGM +0.12 points	0.07%	0.19%
Quanta Services IncPWR	SCHB +0.11 points	0.12%	0.01%
Home DepotHD	SCHB +0.10 points	0.47%	0.37%
Agilent Technologies IncA	SPGM +0.10 points	0.07%	0.17%
Mcdonalds CorpMCD	SCHB +0.10 points	0.26%	0.16%
Equinix ReitEQIX	SCHB +0.10 points	0.14%	0.04%
Intuitive SurgicalISRG	SCHB +0.10 points	0.21%	0.11%
Linde PLCLIN	SCHB +0.10 points	0.33%	0.23%
Uber TechnologiesUBER	SCHB +0.09 points	0.19%	0.10%
Howmet AerospaceHWM	SCHB +0.09 points	0.12%	0.03%
NewmontNEM	SCHB +0.09 points	0.16%	0.07%
TjxTJX	SPGM +0.10 points	0.20%	0.30%
Te Connectivity PLCTEL	SPGM +0.09 points	0.09%	0.18%
ChevronCVX	SCHB +0.09 points	0.58%	0.49%
BlackstoneBX	SCHB +0.09 points	0.12%	0.03%
Public Storage ReitPSA	SPGM +0.09 points	0.08%	0.17%
MoodysMCO	SCHB +0.09 points	0.10%	0.01%
PepsicoPEP	SCHB +0.08 points	0.26%	0.18%
SouthernSO	SCHB +0.09 points	0.15%	0.06%
General Dynamics CorpGD	SPGM +0.08 points	0.13%	0.21%
Sherwin WilliamsSHW	SCHB +0.09 points	0.11%	0.02%
Marvell TechnologyMRVL	SCHB +0.09 points	0.20%	0.11%
Johnson Controls International PLCJCI	SPGM +0.08 points	0.12%	0.20%
BoeingBA	SCHB +0.09 points	0.18%	0.10%
Transdigm GroupTDG	SCHB +0.08 points	0.09%	<0.01%
Keysight TechnologiesKEYS	SPGM +0.08 points	0.07%	0.15%
Amgen IncAMGN	SCHB +0.08 points	0.34%	0.26%
CsxCSX	SPGM +0.09 points	0.13%	0.22%
Digital Realty Trust ReitDLR	SCHB +0.09 points	0.09%	<0.01%
Altria Group IncMO	SCHB +0.08 points	0.18%	0.10%
Emerson ElectricEMR	SPGM +0.08 points	0.13%	0.21%
SnowflakeSNOW	SCHB +0.08 points	0.14%	0.06%
Dell Technologies Inc Class CDELL	SCHB +0.08 points	0.15%	0.07%
ChubbCB	SPGM +0.08 points	0.18%	0.26%
American ExpressAXP	SPGM +0.08 points	0.23%	0.31%
T Mobile Us IncTMUS	SCHB +0.07 points	0.11%	0.04%
Allstate CorpALL	SPGM +0.08 points	0.09%	0.17%
Mondelez International Class AMDLZ	SCHB +0.08 points	0.12%	0.04%
SynopsysSNPS	SCHB +0.07 points	0.12%	0.05%
Freeport Mcmoran IncFCX	SCHB +0.08 points	0.12%	0.04%
Hca HealthcareHCA	SCHB +0.07 points	0.10%	0.03%
United RentalsURI	SCHB +0.08 points	0.10%	0.02%
FortinetFTNT	SCHB +0.07 points	0.11%	0.04%
Applied Material IncAMAT	SCHB +0.07 points	0.41%	0.34%
CintasCTAS	SCHB +0.08 points	0.11%	0.03%
Royal Caribbean GroupRCL	SCHB +0.07 points	0.11%	0.04%
Idexx LaboratoriesIDXX	SCHB +0.07 points	0.07%	<0.01%
PfizerPFE	SCHB +0.07 points	0.22%	0.15%
Applovin Class AAPP	SCHB +0.07 points	0.15%	0.08%
AutodeskADSK	SCHB +0.06 points	0.07%	<0.01%
International Business Machines CoIBM	SCHB +0.06 points	0.31%	0.25%
Apollo Global ManagementAPO	SCHB +0.07 points	0.08%	0.01%

All 2,418 SCHB holdings⁠All 2,873 SPGM 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.

SCHB vs SPGM Cost

Overpaying SPGM vs SCHB

$1,260

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

SCHB 0.03%
$638
SPGM 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

SCHB 0.03%
SPGM 0.09%
Overpaying

Year by year

Year	SCHB	SPGM	Overpaying
10	$55	$165	$110
20	$216	$646	$430
30	$638	$1,898	$1,260

Expense ratio

0.03%SCHB, cheaper
0.09%SPGM

Different Categories, so each fee sits in its own Category’s range.

SCHB among 10 Total US Market funds

SCHB0.03%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SCHB 2nd cheapest of 10 funds

SPGM among 6 MSCI ACWI / World funds

SPGM0.09%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

SPGM 2nd cheapest of 6 funds

SCHB vs SPGM Dividends

Last 12 months to Nov 13, 2026

Yield (12M): SCHB 1.06%; SPGM 1.81%, better
Payout (12M): SCHB $0.31; SPGM $1.54
Last payment: SCHB $0.08; SPGM $0.67
Ex-dividend: SCHB Sep 23, 2026; SPGM Jun 1, 2026
Paid on: SCHB Sep 28, 2026; SPGM Jun 5, 2026
Frequency: SCHB Quarterly; SPGM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

SCHBQuarterly · 24 paymentsAll SCHB payments⁠

SPGMTwice a year · 19 paymentsAll SPGM payments⁠

SCHB vs SPGM Risk

Fall from peak · 5 years

SCHB
SPGM

Risk facts

VolatilityStd dev, 3 years: SCHB 12.7%SPGM 11.5%, better
Return per unit of riskSharpe ratio, 3 years: SCHB 1.36SPGM 1.46, better
Worst fallMax drawdown, 5 years: SCHB −25.4%, betterSPGM −25.9%
Market sensitivityBeta, 5 years: SCHB 1.03SPGM 0.93; Market = 1

SCHB and SPGM in the news

All news⁠

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SCHB vs SPGM

In short

Stated mandate

Why people hold it

Worth knowing

How SCHB and SPGM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHB

Only in SPGM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

VTI tracks the total U.S. stock market - large caps are 69.8% of it

How SCHB and SPGM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHB

Only in SPGM

Weight gaps