SCHB vs SPTM: Grades, Fees and Holdings Compared

Schwab U.S. Broad Market ETF

SCHBANYSE Arca

State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF

SPTMANYSE Arca

Overlap

95.9%by weight

Expense ratio

SCHB0.03%SPTM0.03%

Avg volume · 30D

SCHB 19.7×the volume

SCHB9.19MSPTM467K

10Y return · a year

SPTM +1.2pt

SCHB+14.1%SPTM+15.3%

SCHB vs SPTM Performance

Nov 3, 2021 – Nov 3, 2026

+65.7%SCHB+70.8%SPTM

Expense ratio: SCHB 0.03%; SPTM 0.03%
Fund size: SCHB $44B; SPTM $14B
1Y total return: SCHB +11.7%; SPTM +12.0%, better
Yield (12M): SCHB 1.06%; SPTM 1.07%, better
Holdings: SCHB 2414; SPTM 1509
Avg volume (30D): SCHB 9.19M sh, better; SPTM 467K sh
NAV per share: SCHB $28.93; SPTM $91.14
52W range

ETF.net Grade

Pillar letters and Scores for SCHB, SPTM, with each pillar’s weight
Pillar	SCHB	SPTM
Cost30% weight	A75	A75
Mission25% weight	A100	A100
Risk15% weight	C50	B57Higher
Tradability15% weight	A70Higher	B69
Holdings10% weight	A76Higher	C49
Durability5% weight	B69Higher	B63

Rank among Total US Market funds

How we build Categories ›

Same Category. SCHB and SPTM are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

SCHB ranks 2nd and SPTM 3rd of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 76
Rank 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 74
Rank 4AVTIVanguard Morningstar Total Stock Market ETFScore 73

Our read on each fund

ETF.net Research

SCHBASchwab U.S. Broad Market ETF

SPTMAState Street SPDR Portfolio S&P 1500 Composite 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.

SPTM One ticker for the whole US market ladder: about 1,500 large, mid and small caps from S&P's composite index at 3 basis points. Running since 2000, at half the fee of the typical total-market rival.

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.

SPTM The fund seeks to provide investment results that generally correspond to the total return of the S&P Composite 1500 Index, offering broad U.S. equity exposure across market capitalizations.

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.

SPTM 0.03% a year, half the 0.06% median for total-market rivals. In a category where cost is most of the argument, it sits in the cheap tier.
One job, done plainly: large, mid and small cap US stocks in a single wrapper, about 1,500 names, no sector bets or style tilts, and it has tracked its index closely.
Launched in 2000, so it has traded through the dot-com bust, 2008 and 2020. A multi-billion-dollar fund that changes hands actively every day.
Stands in the upper half of its total-market peer group next to VTI, SCHB and ITOT, and matches ITOT's declared index at the same 0.03% fee.

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.

SPTM Liquidity is solid rather than category-leading. The largest total-market funds trade heavier, so spreads here can run a little wider on big or hurried orders.
US only. International stocks sit outside the mandate, so global exposure has to come from somewhere else in the portfolio.
Owning the whole US market means owning its drawdowns: no buffer, no hedge, no cash cushion. Cash comes back as a quarterly distribution.

Full SCHB profile⁠

Full SPTM profile⁠

SCHB vs SPTM Holdings

How SCHB and SPTM differ

Overlap by weight

95.9%

Shared holdings make up 99.7% of SPTM and 96.3% of SCHB.

Level by level

Holdings1,491 in both95.9%
Sector11 Sectors97.7%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in SCHB and SPTM, widest gap first
Sector	Gap	SCHB	SPTM
Technology	SCHB +1.3 points	38.1%	36.8%
Communication	SCHB +0.8 points	9.2%	8.4%
Financials	SPTM +0.6 points	11.6%	12.2%
Consumer Discretionary	SPTM +0.5 points	8.7%	9.2%
Consumer Staples	SPTM +0.5 points	4.2%	4.7%
Energy	SPTM +0.4 points	3.5%	3.9%
Industrials	SPTM +0.1 points	8.9%	9.0%
Utilities	SPTM +0.1 points	1.9%	2.0%
Materials	SPTM +0.2 points	1.8%	2.0%
Health Care	SCHB +0.2 points	10.0%	9.8%
Real Estate	Same weight	2.1%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in SCHB and SPTM, widest gap first
Country	Gap	SCHB	SPTM
United States	SPTM +0.1 points	99.4%	99.5%
Switzerland	SCHB +0.1 points	0.3%	0.2%
China	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Brazil	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%
India	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SCHB33.1%
SPTM34.2%

Securities held

SCHB2,412
SPTM1,506

Asset class

SCHB: Equity
SPTM: Equity

Holdings

Only in SCHB921
In both1,491
Only in SPTM15

Only in SCHB

921 securities, 3.7% of SCHB by weight

Space Exploration Technologies Cor0.26%
Snowflake0.14%
Cloudflare Class A0.12%
Cheniere Energy0.09%
Natera0.07%
Strategy Inc Class A0.07%
Revolution Medicines0.05%
Ssc Government Mm Gvmxx0.05%
Astera Labs0.05%
Sunbelt Rentals Holdings Inc0.05%
Heico0.04%
Atlassian Corp Class A0.04%
Royalty Pharma PLC Class A0.04%
Roblox Class A0.04%
Rocket Lab Corp0.04%
Mongodb Class A0.04%
Zoom Communications Class A0.03%
Insmed0.03%
Credo Technology Group Holding Ltd0.03%
Zscaler0.03%
Markel Group0.03%
Lpl Financial Holdings0.03%
Liberty Media Series C0.03%
Guardant Health0.03%
Amrize AG0.03%
Affirm Holdings Class A0.03%
Sofi Technologies0.03%
Alnylam Pharmaceuticals0.03%
First Citizens Bancshares Class A0.03%
Ftai Aviation0.03%
Coupang Class A0.03%
Coreweave Class A0.03%
Rubrik Class A0.03%
Medline Class A0.02%
Ss and C Technologies Holdings0.02%
James Hardie Industries PLC0.02%
Samsara Class A0.02%
Circle Internet Group Inc Class A0.02%
Tradeweb Markets Inc Class A0.02%
Unity Software0.02%
Rocket Companies Inc Class A0.02%
Wayfair Class A0.02%
Bridgebio Pharma0.02%
Rivian Automotive Class A0.02%
Flutter Entertainment PLC0.02%
Qxo0.02%
Bitmine Immersion Technologies0.02%
Ionq0.02%
Ast Spacemobile Class A0.01%
Draftkings Class A0.01%

Only in SPTM

15 securities, 0.1% of SPTM by weight

Moog Inc Class A0.02%
Fox Corp Class B0.01%
Indivior Pharmaceuticals Inc<0.01%
News Corp Class B<0.01%
Kilroy Realty Corp<0.01%
Howard Hughes Holdings Inc<0.01%
Innovative Industrial Proper<0.01%
Dream Finders Homes Inc A<0.01%
American Assets Trust Inc<0.01%
Under Armour Inc Class C<0.01%
Rush Enterprises Inc Class B<0.01%
Central Garden & Pet Co<0.01%
Easterly Government Properti<0.01%
Contra Apellis Pharmac0.00%
Contra Hologic Incorpo0.00%

Weight gaps

The 100 widest of 1,491 Holdings in both funds.

Holding weights in SCHB and SPTM, widest gap first
Holding	Gap	SCHB	SPTM
AppleAAPL	SPTM +0.23 points	6.78%	7.01%
NVIDIANVDA	SPTM +0.23 points	6.71%	6.94%
MicrosoftMSFT	SPTM +0.18 points	5.17%	5.35%
Amazon Com IncAMZN	SPTM +0.12 points	3.31%	3.43%
Alphabet Class AGOOGL	SPTM +0.07 points	2.25%	2.32%
Broadcom IncAVGO	SPTM +0.06 points	2.10%	2.17%
Alphabet Class CGOOG	SPTM +0.07 points	1.81%	1.88%
Meta Platforms Class AMETA	SPTM +0.06 points	1.84%	1.90%
Eli LillyLLY	SPTM +0.06 points	1.55%	1.61%
Tesla IncTSLA	SPTM +0.06 points	1.56%	1.62%
Berkshire Hathaway Inc Class BBRK.B	SPTM +0.05 points	1.42%	1.47%
Micron TechnologyMU	SPTM +0.05 points	1.29%	1.34%
JPMorgan ChaseJPM	SPTM +0.05 points	1.24%	1.29%
Visa Class AV	SPTM +0.03 points	1.00%	1.03%
Advanced Micro DevicesAMD	SPTM +0.03 points	1.05%	1.08%
Johnson & JohnsonJNJ	SPTM +0.04 points	0.89%	0.93%
Exxonmobil Holdings CorpXOM	SPTM +0.04 points	1.01%	1.05%
Mastercard Class AMA	SPTM +0.03 points	0.73%	0.76%
AbbVieABBV	SPTM +0.03 points	0.70%	0.73%
ChevronCVX	SPTM +0.02 points	0.62%	0.64%
Costco Wholesale CorpCOST	SPTM +0.03 points	0.63%	0.66%
Merck & Co IncMRK	SPTM +0.02 points	0.50%	0.52%
WalmartWMT	SPTM +0.02 points	0.78%	0.80%
UnitedHealth GroupUNH	SPTM +0.02 points	0.49%	0.51%
Medtronic PLCMDT	SPTM +0.01 points	0.17%	0.18%
Palantir Technologies Class APLTR	SPTM +0.02 points	0.56%	0.58%
Ge AerospaceGE	SPTM +0.02 points	0.45%	0.47%
Cisco Systems IncCSCO	SPTM +0.02 points	0.55%	0.57%
Philip Morris InternationalPM	SPTM +0.01 points	0.45%	0.46%
Caterpillar IncCAT	SPTM +0.01 points	0.39%	0.40%
Coca-ColaKO	SPTM +0.01 points	0.51%	0.52%
Procter & GamblePG	SPTM +0.02 points	0.52%	0.54%
Home DepotHD	SPTM +0.01 points	0.47%	0.48%
Thermo Fisher ScientificTMO	SPTM +0.01 points	0.35%	0.36%
RtxRTX	SPTM +0.01 points	0.38%	0.39%
Texas InstrumentTXN	SPTM +0.01 points	0.38%	0.39%
Applied Material IncAMAT	SPTM +0.01 points	0.41%	0.42%
Bank of AmericaBAC	SPTM +0.02 points	0.44%	0.46%
International Business Machines CoIBM	SPTM +0.01 points	0.33%	0.34%
Morgan StanleyMS	SPTM +0.02 points	0.30%	0.32%
Lam ResearchLRCX	SPTM +0.01 points	0.39%	0.40%
Intel Corporation CorpINTC	SPTM +0.01 points	0.41%	0.42%
Mcdonalds CorpMCD	SPTM +0.01 points	0.26%	0.27%
Amgen IncAMGN	SPTM +0.01 points	0.35%	0.36%
Crowdstrike Holdings Class ACRWD	SPTM +0.01 points	0.34%	0.35%
PepsicoPEP	SPTM +0.01 points	0.26%	0.27%
Linde PLCLIN	SPTM +0.01 points	0.33%	0.34%
NetflixNFLX	SPTM +0.01 points	0.36%	0.37%
Amphenol Corp Class AAPH	SPTM +0.01 points	0.27%	0.28%
Analog DevicesADI	SPTM +0.01 points	0.28%	0.29%
Goldman Sachs GroupGS	SPTM +0.01 points	0.36%	0.37%
TjxTJX	SPTM +0.01 points	0.21%	0.22%
Wells FargoWFC	SPTM +0.01 points	0.36%	0.37%
BlackRockBLK	SPTM +0.01 points	0.23%	0.24%
Palo Alto NetworksPANW	SPTM +0.01 points	0.39%	0.40%
Union PacificUNP	SPTM +0.01 points	0.25%	0.26%
S&P GlobalSPGI	SPTM +0.01 points	0.20%	0.21%
Intuitive SurgicalISRG	SPTM +0.01 points	0.21%	0.22%
Charles SchwabSCHW	SPTM +0.01 points	0.20%	0.21%
Fox Class AFOXA	SCHB +0.01 points	0.03%	0.02%
ProgressivePGR	SPTM +0.01 points	0.19%	0.20%
Accenture PLC Class AACN	SPTM +0.01 points	0.22%	0.23%
Walt DisneyDIS	SPTM +0.01 points	0.27%	0.28%
Verizon Communications IncVZ	SPTM +0.01 points	0.26%	0.27%
Ge VernovaGEV	Same weight	0.32%	0.32%
WelltowerWELL	SPTM +0.01 points	0.24%	0.24%
KlaKLAC	SPTM +0.01 points	0.27%	0.28%
Uber TechnologiesUBER	SPTM +0.01 points	0.19%	0.20%
Lockheed MartinLMT	SPTM +0.01 points	0.18%	0.19%
DanaherDHR	Same weight	0.20%	0.20%
PfizerPFE	SPTM +0.01 points	0.24%	0.25%
Duke Energy CorpDUK	SPTM +0.01 points	0.14%	0.15%
CitigroupC	SPTM +0.01 points	0.28%	0.29%
Lyft Class ALYFT	SCHB +0.01 points	<0.01%	<0.01%
Trane Technologies PLCTT	SPTM +0.01 points	0.12%	0.13%
Marvell TechnologyMRVL	Same weight	0.21%	0.21%
Colgate-PalmoliveCL	Same weight	0.11%	0.11%
Royal Caribbean GroupRCL	SPTM +0.01 points	0.11%	0.12%
Gilead SciencesGILD	SPTM +0.01 points	0.29%	0.30%
Regeneron PharmaceuticalsREGN	SPTM +0.01 points	0.13%	0.14%
Waste Management IncWM	SPTM +0.01 points	0.12%	0.13%
Starbucks CorpSBUX	SPTM +0.01 points	0.16%	0.17%
Bristol Myers SquibbBMY	Same weight	0.18%	0.18%
Rithm CapitalRITM	SCHB +0.01 points	<0.01%	<0.01%
Kimberly ClarkKMB	SPTM +0.01 points	0.09%	0.10%
Lowes Companies IncLOW	Same weight	0.17%	0.17%
3MMMM	Same weight	0.13%	0.13%
Viper Energy Inc Class AVNOM	Same weight	0.01%	<0.01%
NewmontNEM	SPTM +0.01 points	0.16%	0.17%
Arista NetworksANET	Same weight	0.24%	0.24%
Marriott International Class AMAR	SPTM +0.01 points	0.12%	0.13%
Abbott LaboratoriesABT	SPTM +0.01 points	0.26%	0.27%
Howmet AerospaceHWM	Same weight	0.12%	0.12%
WilliamsWMB	SPTM +0.01 points	0.12%	0.13%
Cadence Design SystemsCDNS	SPTM +0.01 points	0.12%	0.13%
Hilton Worldwide HoldingsHLT	SPTM +0.01 points	0.11%	0.12%
Eaton PLCETN	Same weight	0.20%	0.20%
Elevance Health IncELV	SPTM +0.01 points	0.12%	0.13%
Nextera EnergyNEE	SPTM +0.01 points	0.24%	0.25%
EcolabECL	Same weight	0.11%	0.11%

All 2,421 SCHB holdings⁠All 1,510 SPTM 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 SPTM Cost

Same expense ratio

$638

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

SCHB 0.03%
$638
SPTM 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SCHB 0.03%
SPTM 0.03%

Year by year

Year	SCHB	SPTM
10	$55	$55
20	$216	$216
30	$638	$638

Expense ratio

0.03%SCHB
0.03%SPTM

SCHB0.03%SPTM0.03%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SCHB 2nd cheapest of 10 funds

SPTM 2nd cheapest of 10 funds

SCHB vs SPTM Dividends

Last 12 months to Nov 3, 2026

Yield (12M): SCHB 1.06%; SPTM 1.07%, better
Payout (12M): SCHB $0.31; SPTM $0.98
Last payment: SCHB $0.08; SPTM $0.25
Ex-dividend: SCHB Sep 23, 2026; SPTM Sep 21, 2026
Paid on: SCHB Sep 28, 2026; SPTM Sep 23, 2026
Frequency: SCHB Quarterly; SPTM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHBQuarterly · 24 paymentsAll SCHB payments⁠

SPTMQuarterly · 39 paymentsAll SPTM payments⁠

SCHB vs SPTM Risk

Fall from peak · 5 years

SCHB
SPTM

Risk facts

VolatilityStd dev, 3 years: SCHB 12.7%SPTM 12.3%, better
Return per unit of riskSharpe ratio, 3 years: SCHB 1.36SPTM 1.39, better
Worst fallMax drawdown, 5 years: SCHB −25.4%SPTM −24.2%, better
Market sensitivityBeta, 5 years: SCHB 1.03SPTM 1.01; Market = 1

SCHB and SPTM in the news

All news⁠

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SCHB vs SPTM

In short

Stated mandate

Why people hold it

Worth knowing

How SCHB and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHB

Only in SPTM

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 SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHB

Only in SPTM

Weight gaps