SCHB vs SPYM: Grades, Fees and Holdings Compared

Schwab U.S. Broad Market ETF

SCHBANYSE Arca

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

Overlap

89.1%by weight

Expense ratio

SPYM −0.01pt a year

SCHB0.03%SPYM0.02%

Avg volume · 30D

SPYM 1.3×the volume

SCHB9.19MSPYM12M

10Y return · a year

SPYM +1.6pt

SCHB+14.1%SPYM+15.7%

SCHB vs SPYM Performance

Nov 3, 2021 – Nov 3, 2026

+65.7%SCHB+74.1%SPYM

Expense ratio: SCHB 0.03%; SPYM 0.02%, better
Fund size: SCHB $44B; SPYM $185B
1Y total return: SCHB +11.7%, better; SPYM +11.6%
Yield (12M): SCHB 1.06%, better; SPYM 1.03%
Holdings: SCHB 2414; SPYM 506
Avg volume (30D): SCHB 9.19M sh; SPYM 12M sh, better
NAV per share: SCHB $28.93; SPYM $90.57
52W range

ETF.net Grade

Pillar letters and Scores for SCHB, SPYM, with each pillar’s weight
Pillar	SCHB	SPYM
Cost30% weight	A75	A99
Mission25% weight	A100	A100
Risk15% weight	C50	C51
Tradability15% weight	A70	A72
Holdings10% weight	A76	C54
Durability5% weight	B69	A79

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 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 76
Rank 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 74

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79

Our read on each fund

ETF.net Research

SCHBASchwab U.S. Broad Market ETF

SPYMAState Street SPDR Portfolio S&P 500 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.

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

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.

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap equities.

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.

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land quarterly.

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.

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

Full SCHB profile⁠

Full SPYM profile⁠

SCHB vs SPYM Holdings

How SCHB and SPYM differ

Overlap by weight

89.1%

Shared holdings make up 99.9% of SPYM and 89.2% of SCHB.

Level by level

Holdings500 in both89.1%
Sector11 Sectors98.2%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in SCHB and SPYM, widest gap first
Sector	Gap	SCHB	SPYM
Industrials	SCHB +0.9 points	8.9%	8.0%
Consumer Staples	SPYM +0.5 points	4.2%	4.7%
Technology	SPYM +0.5 points	38.1%	38.6%
Real Estate	SCHB +0.4 points	2.1%	1.7%
Consumer Discretionary	SPYM +0.3 points	8.7%	9.0%
Communication	SCHB +0.3 points	9.2%	8.9%
Financials	SPYM +0.2 points	11.6%	11.8%
Health Care	SCHB +0.2 points	10.0%	9.8%
Energy	SPYM +0.2 points	3.5%	3.7%
Materials	SCHB +0.1 points	1.8%	1.7%
Utilities	SPYM +0.1 points	1.9%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in SCHB and SPYM, widest gap first
Country	Gap	SCHB	SPYM
United States	SPYM +0.1 points	99.4%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
United Kingdom	SCHB +0.1 points	0.1%	0.0%
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%
SPYM37.1%

Securities held

SCHB2,412
SPYM504

Asset class

SCHB: Equity
SPYM: Equity

Holdings

Only in SCHB1,912
In both500
Only in SPYM4

Only in SCHB

1,912 securities, 10.8% 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%
Okta Class A0.04%
Atlassian Corp Class A0.04%
Royalty Pharma PLC Class A0.04%
Roblox Class A0.04%
Rocket Lab Corp0.04%
Mongodb Class A0.04%
Technipfmc PLC0.04%
United Therapeutics0.04%
Zoom Communications Class A0.03%
Insmed0.03%
Credo Technology Group Holding Ltd0.03%
Ati0.03%
Zscaler0.03%
Markel Group0.03%
Lpl Financial Holdings0.03%
Entegris Inc0.03%
Liberty Media Series C0.03%
Reliance0.03%
Us Foods Holding0.03%
Guardant Health0.03%
Xpo0.03%
Amrize AG0.03%
Affirm Holdings Class A0.03%
Tenet Healthcare Corp0.03%
Sofi Technologies0.03%
Alnylam Pharmaceuticals0.03%
First Citizens Bancshares Class A0.03%
Roku Class A0.03%
Permian Resources Class A0.03%
Ftai Aviation0.03%
Nvent Electric PLC0.03%
Coupang Class A0.03%
Royal Gold0.03%
Roivant Sciences Ltd0.03%
Coreweave Class A0.03%
Woodward0.03%
Ovintiv0.03%
Rubrik Class A0.03%
East West Bancorp0.03%

Only in SPYM

4 securities, 0.0% of SPYM by weight

Fox Corp Class B0.01%
News Corp Class B<0.01%
Contra Hologic Incorpo0.00%
Contra Walgreens Boots0.00%

Weight gaps

The 100 widest of 500 Holdings in both funds.

Holding weights in SCHB and SPYM, widest gap first
Holding	Gap	SCHB	SPYM
AppleAAPL	SPYM +0.82 points	6.78%	7.59%
NVIDIANVDA	SPYM +0.81 points	6.71%	7.52%
MicrosoftMSFT	SPYM +0.62 points	5.17%	5.79%
Amazon Com IncAMZN	SPYM +0.40 points	3.31%	3.71%
Alphabet Class AGOOGL	SPYM +0.27 points	2.25%	2.52%
Broadcom IncAVGO	SPYM +0.25 points	2.10%	2.36%
Meta Platforms Class AMETA	SPYM +0.22 points	1.84%	2.06%
Alphabet Class CGOOG	SPYM +0.22 points	1.81%	2.03%
Tesla IncTSLA	SPYM +0.19 points	1.56%	1.75%
Eli LillyLLY	SPYM +0.19 points	1.55%	1.74%
Berkshire Hathaway Inc Class BBRK.B	SPYM +0.17 points	1.42%	1.59%
Micron TechnologyMU	SPYM +0.16 points	1.29%	1.45%
JPMorgan ChaseJPM	SPYM +0.15 points	1.24%	1.39%
Advanced Micro DevicesAMD	SPYM +0.12 points	1.05%	1.17%
Exxonmobil Holdings CorpXOM	SPYM +0.13 points	1.01%	1.14%
Visa Class AV	SPYM +0.12 points	1.00%	1.12%
Johnson & JohnsonJNJ	SPYM +0.11 points	0.89%	1.00%
WalmartWMT	SPYM +0.10 points	0.78%	0.88%
Mastercard Class AMA	SPYM +0.09 points	0.73%	0.82%
AbbVieABBV	SPYM +0.09 points	0.70%	0.79%
Costco Wholesale CorpCOST	SPYM +0.08 points	0.63%	0.71%
ChevronCVX	SPYM +0.07 points	0.62%	0.69%
Palantir Technologies Class APLTR	SPYM +0.07 points	0.56%	0.63%
Cisco Systems IncCSCO	SPYM +0.07 points	0.55%	0.62%
Procter & GamblePG	SPYM +0.06 points	0.52%	0.58%
Coca-ColaKO	SPYM +0.06 points	0.51%	0.57%
Merck & Co IncMRK	SPYM +0.06 points	0.50%	0.56%
UnitedHealth GroupUNH	SPYM +0.06 points	0.49%	0.55%
Home DepotHD	SPYM +0.05 points	0.47%	0.52%
Ge AerospaceGE	SPYM +0.05 points	0.45%	0.50%
Philip Morris InternationalPM	SPYM +0.05 points	0.45%	0.50%
Bank of AmericaBAC	SPYM +0.06 points	0.44%	0.50%
Applied Material IncAMAT	SPYM +0.05 points	0.41%	0.46%
Intel Corporation CorpINTC	SPYM +0.05 points	0.41%	0.46%
Palo Alto NetworksPANW	SPYM +0.05 points	0.39%	0.44%
Lam ResearchLRCX	SPYM +0.05 points	0.39%	0.44%
Caterpillar IncCAT	SPYM +0.04 points	0.39%	0.43%
Texas InstrumentTXN	SPYM +0.04 points	0.38%	0.42%
RtxRTX	SPYM +0.04 points	0.38%	0.42%
Goldman Sachs GroupGS	SPYM +0.04 points	0.36%	0.40%
NetflixNFLX	SPYM +0.04 points	0.36%	0.40%
Wells FargoWFC	SPYM +0.04 points	0.36%	0.40%
Thermo Fisher ScientificTMO	SPYM +0.04 points	0.35%	0.39%
Amgen IncAMGN	SPYM +0.04 points	0.35%	0.39%
Crowdstrike Holdings Class ACRWD	SPYM +0.04 points	0.34%	0.38%
Linde PLCLIN	SPYM +0.04 points	0.33%	0.37%
International Business Machines CoIBM	SPYM +0.04 points	0.33%	0.37%
Ge VernovaGEV	SPYM +0.03 points	0.32%	0.35%
Morgan StanleyMS	SPYM +0.04 points	0.30%	0.34%
Gilead SciencesGILD	SPYM +0.03 points	0.29%	0.32%
CitigroupC	SPYM +0.04 points	0.28%	0.32%
OracleORCL	SPYM +0.04 points	0.28%	0.32%
Analog DevicesADI	SPYM +0.03 points	0.28%	0.31%
KlaKLAC	SPYM +0.04 points	0.27%	0.31%
Amphenol Corp Class AAPH	SPYM +0.03 points	0.27%	0.30%
Walt DisneyDIS	SPYM +0.03 points	0.27%	0.30%
PepsicoPEP	SPYM +0.03 points	0.26%	0.29%
Abbott LaboratoriesABT	SPYM +0.03 points	0.26%	0.29%
Verizon Communications IncVZ	SPYM +0.03 points	0.26%	0.29%
Mcdonalds CorpMCD	SPYM +0.03 points	0.26%	0.29%
SalesforceCRM	SPYM +0.03 points	0.25%	0.28%
Union PacificUNP	SPYM +0.03 points	0.25%	0.28%
ConocophillipsCOP	SPYM +0.03 points	0.24%	0.27%
Nextera EnergyNEE	SPYM +0.03 points	0.24%	0.27%
WelltowerWELL	SPYM +0.03 points	0.24%	0.27%
PfizerPFE	SPYM +0.03 points	0.24%	0.27%
QualcommQCOM	SPYM +0.03 points	0.24%	0.27%
Arista NetworksANET	SPYM +0.02 points	0.24%	0.26%
American ExpressAXP	SPYM +0.03 points	0.24%	0.27%
BlackRockBLK	SPYM +0.03 points	0.23%	0.26%
DeereDE	SPYM +0.03 points	0.23%	0.26%
Accenture PLC Class AACN	SPYM +0.03 points	0.22%	0.25%
SandiskSNDK	SPYM +0.02 points	0.22%	0.24%
TjxTJX	SPYM +0.03 points	0.21%	0.24%
Intuitive SurgicalISRG	SPYM +0.03 points	0.21%	0.24%
Charles SchwabSCHW	SPYM +0.02 points	0.20%	0.22%
Marvell TechnologyMRVL	SPYM +0.02 points	0.21%	0.23%
AT&TT	SPYM +0.03 points	0.20%	0.23%
S&P GlobalSPGI	SPYM +0.02 points	0.20%	0.22%
DanaherDHR	SPYM +0.02 points	0.20%	0.22%
Eaton PLCETN	SPYM +0.02 points	0.20%	0.22%
Vertex PharmaceuticalsVRTX	SPYM +0.03 points	0.19%	0.22%
BoeingBA	SPYM +0.02 points	0.19%	0.21%
ProgressivePGR	SPYM +0.02 points	0.19%	0.21%
Uber TechnologiesUBER	SPYM +0.02 points	0.19%	0.21%
Seagate Technology Holdings PLCSTX	SPYM +0.03 points	0.18%	0.21%
Lockheed MartinLMT	SPYM +0.02 points	0.18%	0.20%
Bristol Myers SquibbBMY	SPYM +0.02 points	0.18%	0.20%
ChubbCB	SPYM +0.02 points	0.18%	0.20%
Capital One Financial CorpCOF	SPYM +0.02 points	0.18%	0.20%
Altria Group IncMO	SPYM +0.02 points	0.18%	0.20%
Lowes Companies IncLOW	SPYM +0.02 points	0.17%	0.19%
Western Digital CorpWDC	SPYM +0.02 points	0.17%	0.19%
Prologis ReitPLD	SPYM +0.02 points	0.17%	0.19%
Marathon PetroleumMPC	SPYM +0.02 points	0.17%	0.19%
Medtronic PLCMDT	SPYM +0.02 points	0.17%	0.19%
Parker-HannifinPH	SPYM +0.02 points	0.16%	0.18%
Automatic Data Processing IncADP	SPYM +0.02 points	0.16%	0.18%
Dell Technologies Inc Class CDELL	SPYM +0.02 points	0.16%	0.18%
Starbucks CorpSBUX	SPYM +0.02 points	0.16%	0.18%

All 2,421 SCHB holdings⁠All 505 SPYM 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 SPYM Cost

Overpaying SCHB vs SPYM

$212

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

SCHB 0.03%
$638
SPYM 0.02%
$426

Amount$10,000

Years30 years

Cost over time

SCHB 0.03%
SPYM 0.02%
Overpaying

Year by year

Year	SCHB	SPYM	Overpaying
10	$55	$37	$18
20	$216	$144	$72
30	$638	$426	$212

Expense ratio

0.03%SCHB
0.02%SPYM, cheaper

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

SPYM among 14 S&P 500 funds

SPYM0.02%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

SCHB vs SPYM Dividends

Last 12 months to Nov 3, 2026

Yield (12M): SCHB 1.06%, better; SPYM 1.03%
Payout (12M): SCHB $0.31; SPYM $0.91
Last payment: SCHB $0.08; SPYM $0.24
Ex-dividend: SCHB Sep 23, 2026; SPYM Sep 11, 2026
Paid on: SCHB Sep 28, 2026; SPYM Sep 15, 2026
Frequency: SCHB Quarterly; SPYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHBQuarterly · 24 paymentsAll SCHB payments⁠

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

SCHB vs SPYM Risk

Fall from peak · 5 years

SCHB
SPYM

Risk facts

VolatilityStd dev, 3 years: SCHB 12.7%SPYM 12.3%, better
Return per unit of riskSharpe ratio, 3 years: SCHB 1.36SPYM 1.42, better
Worst fallMax drawdown, 5 years: SCHB −25.4%SPYM −24.5%, better
Market sensitivityBeta, 5 years: SCHB 1.03SPYM 1.01; Market = 1

SCHB and SPYM in the news

All news⁠

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