SCHK vs SPUS: Grades, Fees and Holdings Compared

Schwab 1000 Index ETF

SCHKANYSE Arca

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUSBNYSE Arca

Overlap

54.2%by weight

Expense ratio

SCHK −0.42pt a year

SCHK0.03%SPUS0.45%

Avg volume · 30D

SCHK 3.2×the volume

SCHK1.31MSPUS409K

5Y return · a year

SPUS +2.6pt

SCHK+11.3%SPUS+13.9%

SCHK vs SPUS Performance

Oct 29, 2021 – Oct 30, 2026

+70.5%SCHK+91.5%SPUS

Expense ratio: SCHK 0.03%, better; SPUS 0.45%
Fund size: SCHK $5.69B; SPUS $3.38B
1Y total return: SCHK +11.8%; SPUS +13.9%, better
Yield (12M): SCHK 1.05%, better; SPUS 0.52%
Holdings: SCHK 999; SPUS 215
Avg volume (30D): SCHK 1.31M sh, better; SPUS 409K sh
NAV per share: SCHK $36.31; SPUS $59.75
52W range

ETF.net Grade

Pillar letters and Scores for SCHK, SPUS, with each pillar’s weight
Pillar	SCHK	SPUS
Cost30% weight	A98Higher	D33
Mission25% weight	A100Higher	A92
Risk15% weight	B66Higher	C52
Tradability15% weight	A90Higher	A75
Holdings10% weight	B57Higher	F23
Durability5% weight	B68Higher	C51

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SCHK and SPUS 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 SPUS 20th 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 19BNZACState Street SPDR MSCI ACWI Climate Paris Aligned ETFScore 60
Rank 20BSPUSSP Funds S&P 500 Sharia Industry Exclusions ETFScore 56
Rank 21CRFGInvesco S&P MidCap 400 Pure Growth ETFScore 53

Our read on each fund

ETF.net Research

SCHKASchwab 1000 Index ETF

SPUSBSP Funds S&P 500 Sharia Industry Exclusions ETF

In short

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.

SPUS The S&P 500 run through a Sharia rulebook: no banks or insurers, no alcohol, tobacco or gambling, and defense and payment processors screened out too. What's left is a debt-light slice of US large caps.

Stated mandate

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

SPUS The Fund seeks to track, before fees and expenses, the performance of an index composed of Sharia-compliant S&P 500 constituents subject to specified industry exclusions.

Why people hold it

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.

SPUS The rulebook isn't in-house: S&P and its Shariah screening partner run business-activity and debt-to-market-cap tests, and the fund passively tracks the resulting index.spglobal.com sp-funds.com
Size and volume are real for a niche screen. It's a multi-billion-dollar fund and moderately traded, so the rules cost you the fee, not a punishing spread.
Distributions land monthly, not the quarterly rhythm most S&P 500 trackers keep.

Worth knowing

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.

SPUS 0.45% is the toll for the screen. Plain index wrappers like SCHK (0.03%) and SPYV (0.04%) charge a sliver of that.
With conventional finance stripped out and leverage capped, the portfolio is non-diversified and leans harder on technology than the parent index.sp-funds.com spglobal.com
Compliance gets rechecked on a set schedule, so names that breach the leverage limit drop out. That means turnover the plain S&P 500 never sees.spglobal.com

Full SCHK profile⁠

Full SPUS profile⁠

SCHK vs SPUS Holdings

How SCHK and SPUS differ

Overlap by weight

54.2%

Shared holdings make up 99.8% of SPUS and 54.2% of SCHK.

Level by level

Holdings214 in both54.2%
Sector11 Sectors74.4%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in SCHK and SPUS, widest gap first
Sector	More in SCHKMore in SPUS	SCHK	SPUS
Technology	SPUS +22.0 points	38.9%	60.9%
Financials	SCHK +11.4 points	11.4%	0.0%
Communication	SCHK +4.3 points	9.4%	5.1%
Industrials	SCHK +2.6 points	8.6%	6.0%
Health Care	SPUS +2.5 points	9.8%	12.3%
Consumer Discretionary	SCHK +2.4 points	8.6%	6.2%
Utilities	SCHK +1.7 points	1.9%	0.2%
Consumer Staples	SCHK +1.5 points	4.2%	2.7%
Real Estate	SCHK +1.3 points	2.0%	0.7%
Materials	SPUS +1.0 points	1.8%	2.8%
Energy	SCHK +0.3 points	3.5%	3.2%

Country, concentration and asset class

Country by domicile

Country weights in SCHK and SPUS, widest gap first
Country	More in SCHKMore in SPUS	SCHK	SPUS
United States	SPUS +0.2 points	99.4%	99.6%
Switzerland	SCHK +0.2 points	0.3%	0.1%
China	SPUS +0.1 points	0.1%	0.2%
United Kingdom	SCHK +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%
Brazil	Same weight	0.0%	0.0%
India	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SCHK34.4%
SPUS57.2%

Securities held

SCHK999
SPUS214

Asset class

SCHK: Equity
SPUS: Equity

Holdings

Only in SCHK785
In both214
Only in SPUS0

Only in SCHK

785 securities, 45.8% of SCHK by weight

Amazon Com Inc3.32%
Meta Platforms Class A1.91%
Alphabet Class C1.86%
Berkshire Hathaway Inc Class B1.40%
JPMorgan Chase1.27%
Visa Class A0.97%
Walmart0.75%
Mastercard Class A0.71%
Chevron0.64%
Intel Corporation Corp0.63%
Palantir Technologies Class A0.63%
Costco Wholesale Corp0.61%
UnitedHealth Group0.51%
Coca-Cola0.50%
Bank of America0.46%
Philip Morris International0.45%
Ge Aerospace0.45%
Caterpillar Inc0.41%
Goldman Sachs Group0.37%
Rtx0.37%
Netflix0.36%
Wells Fargo0.36%
Amgen Inc0.35%
Morgan Stanley0.31%
Citigroup0.29%
Amphenol Corp Class A0.28%
Space Exploration Technologies Cor0.27%
Walt Disney0.27%
Mcdonalds Corp0.25%
Verizon Communications Inc0.25%
Nextera Energy0.24%
Pfizer0.24%
American Express0.24%
BlackRock0.23%
Deere0.23%
Eaton PLC0.21%
Charles Schwab0.20%
Dell Technologies Inc Class C0.20%
AT&T0.20%
Western Digital Corp0.20%
S&P Global0.19%
Boeing0.19%
Progressive0.19%
Lockheed Martin0.18%
Altria Group Inc0.18%
Capital One Financial Corp0.18%
Chubb0.18%
Bristol Myers Squibb0.17%
Prologis Reit0.17%
Marathon Petroleum0.17%

Only in SPUS

0 securities, 0.0% of SPUS by weight

Weight gaps

The 100 widest of 214 Holdings in both funds.

Holding weights in SCHK and SPUS, widest gap first
Holding	More in SCHKMore in SPUS	SCHK	SPUS
AppleAAPL	SPUS +6.07 points	7.06%	13.13%
NVIDIANVDA	SPUS +5.77 points	7.16%	12.93%
MicrosoftMSFT	SPUS +4.67 points	5.45%	10.12%
Alphabet Class AGOOGL	SPUS +1.98 points	2.31%	4.29%
Broadcom IncAVGO	SPUS +1.77 points	2.28%	4.05%
Eli LillyLLY	SPUS +1.44 points	1.52%	2.96%
Tesla IncTSLA	SPUS +1.36 points	1.58%	2.94%
Micron TechnologyMU	SPUS +1.15 points	1.46%	2.61%
Exxonmobil Holdings CorpXOM	SPUS +0.96 points	1.05%	2.01%
Advanced Micro DevicesAMD	SPUS +0.87 points	1.28%	2.15%
Johnson & JohnsonJNJ	SPUS +0.79 points	0.92%	1.71%
AbbVieABBV	SPUS +0.65 points	0.71%	1.36%
Cisco Systems IncCSCO	SPUS +0.49 points	0.59%	1.08%
Procter & GamblePG	SPUS +0.47 points	0.52%	0.99%
Merck & Co IncMRK	SPUS +0.46 points	0.50%	0.96%
Home DepotHD	SPUS +0.40 points	0.46%	0.86%
Applied Material IncAMAT	SPUS +0.34 points	0.47%	0.81%
Palo Alto NetworksPANW	SPUS +0.34 points	0.43%	0.77%
Lam ResearchLRCX	SPUS +0.34 points	0.44%	0.78%
Texas InstrumentTXN	SPUS +0.31 points	0.40%	0.71%
Thermo Fisher ScientificTMO	SPUS +0.31 points	0.36%	0.67%
Linde PLCLIN	SPUS +0.29 points	0.32%	0.61%
Crowdstrike Holdings Class ACRWD	SPUS +0.29 points	0.37%	0.66%
International Business Machines CoIBM	SPUS +0.29 points	0.34%	0.63%
Ge VernovaGEV	SPUS +0.27 points	0.33%	0.60%
Gilead SciencesGILD	SPUS +0.27 points	0.28%	0.55%
OracleORCL	SPUS +0.24 points	0.33%	0.57%
ConocophillipsCOP	SPUS +0.24 points	0.25%	0.49%
PepsicoPEP	SPUS +0.24 points	0.25%	0.49%
Analog DevicesADI	SPUS +0.24 points	0.29%	0.53%
KlaKLAC	SPUS +0.23 points	0.30%	0.53%
Abbott LaboratoriesABT	SPUS +0.23 points	0.25%	0.48%
SalesforceCRM	SPUS +0.22 points	0.26%	0.48%
Union PacificUNP	SPUS +0.22 points	0.25%	0.47%
Accenture PLC Class AACN	SPUS +0.20 points	0.21%	0.41%
WelltowerWELL	SPUS +0.20 points	0.23%	0.43%
TjxTJX	SPUS +0.18 points	0.22%	0.40%
Arista NetworksANET	SPUS +0.18 points	0.27%	0.45%
DanaherDHR	SPUS +0.18 points	0.21%	0.39%
Intuitive SurgicalISRG	SPUS +0.18 points	0.22%	0.40%
Vertex PharmaceuticalsVRTX	SPUS +0.18 points	0.19%	0.37%
Marvell TechnologyMRVL	SPUS +0.18 points	0.27%	0.45%
QualcommQCOM	SPUS +0.17 points	0.28%	0.45%
SandiskSNDK	SPUS +0.17 points	0.27%	0.44%
Uber TechnologiesUBER	SPUS +0.15 points	0.19%	0.34%
Mckesson CorpMCK	SPUS +0.15 points	0.16%	0.31%
Seagate Technology Holdings PLCSTX	SPUS +0.15 points	0.22%	0.37%
Lowes Companies IncLOW	SPUS +0.15 points	0.16%	0.31%
Medtronic PLCMDT	SPUS +0.14 points	0.17%	0.31%
Booking HoldingsBKNG	SPUS +0.14 points	0.16%	0.30%
NewmontNEM	SPUS +0.14 points	0.16%	0.30%
ServicenowNOW	SPUS +0.13 points	0.16%	0.29%
CsxCSX	SPUS +0.13 points	0.13%	0.26%
Adobe IncADBE	SPUS +0.12 points	0.14%	0.26%
Kimberly ClarkKMB	SPUS +0.12 points	0.05%	0.17%
Regeneron PharmaceuticalsREGN	SPUS +0.12 points	0.11%	0.23%
Emerson ElectricEMR	SPUS +0.12 points	0.13%	0.25%
StrykerSYK	SPUS +0.11 points	0.15%	0.26%
Mondelez International Class AMDLZ	SPUS +0.11 points	0.11%	0.22%
CorningGLW	SPUS +0.11 points	0.14%	0.25%
Eog ResourcesEOG	SPUS +0.11 points	0.12%	0.23%
FortinetFTNT	SPUS +0.11 points	0.12%	0.23%
3MMMM	SPUS +0.11 points	0.13%	0.24%
Johnson Controls International PLCJCI	SPUS +0.11 points	0.13%	0.24%
Freeport Mcmoran IncFCX	SPUS +0.11 points	0.13%	0.24%
Waste Management IncWM	SPUS +0.11 points	0.12%	0.23%
Equinix ReitEQIX	SPUS +0.11 points	0.14%	0.25%
Quanta Services IncPWR	SPUS +0.11 points	0.13%	0.24%
Trane Technologies PLCTT	SPUS +0.11 points	0.13%	0.24%
SlbSLB	SPUS +0.10 points	0.11%	0.21%
Vertiv Holdings Class AVRT	SPUS +0.10 points	0.13%	0.23%
Cadence Design SystemsCDNS	SPUS +0.10 points	0.13%	0.23%
EcolabECL	SPUS +0.10 points	0.11%	0.21%
Colgate-PalmoliveCL	SPUS +0.10 points	0.10%	0.20%
Sherwin WilliamsSHW	SPUS +0.11 points	0.10%	0.21%
United Parcel Service Inc Class BUPS	SPUS +0.10 points	0.11%	0.21%
SynopsysSNPS	SPUS +0.10 points	0.13%	0.23%
Constellation Energy CorpCEG	SPUS +0.10 points	0.12%	0.22%
CintasCTAS	SPUS +0.10 points	0.10%	0.20%
Illinois Tool IncITW	SPUS +0.10 points	0.10%	0.20%
Norfolk Southern CorpNSC	SPUS +0.09 points	0.11%	0.20%
Ross Stores IncROST	SPUS +0.10 points	0.10%	0.20%
O Reilly AutomotiveORLY	SPUS +0.09 points	0.10%	0.19%
Target CorpTGT	SPUS +0.08 points	0.10%	0.18%
Air Products and ChemicalsAPD	SPUS +0.08 points	0.10%	0.18%
Monster BeverageMNST	SPUS +0.09 points	0.09%	0.18%
Doordash Class ADASH	SPUS +0.09 points	0.09%	0.18%
NucorNUE	SPUS +0.08 points	0.09%	0.17%
United RentalsURI	SPUS +0.09 points	0.10%	0.19%
Lumentum HoldingsLITE	SPUS +0.08 points	0.11%	0.19%
Cummins IncCMI	SPUS +0.08 points	0.10%	0.18%
Boston ScientificBSX	SPUS +0.08 points	0.09%	0.17%
CencoraCOR	SPUS +0.08 points	0.09%	0.17%
Cardinal HealthCAH	SPUS +0.08 points	0.08%	0.16%
Nxp Semiconductors NVNXPI	SPUS +0.08 points	0.09%	0.17%
Te Connectivity PLCTEL	SPUS +0.08 points	0.09%	0.17%
Becton DickinsonBDX	SPUS +0.07 points	0.07%	0.15%
Crh Public Limited PLCCRH	SPUS +0.08 points	0.08%	0.16%
FastenalFAST	SPUS +0.08 points	0.08%	0.16%
Roper TechnologiesROP	SPUS +0.07 points	0.06%	0.13%

All 1,001 SCHK holdings⁠All 200 SPUS 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.

SCHK vs SPUS Cost

Overpaying SPUS vs SCHK

$8,403

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

SCHK 0.03%
$638
SPUS 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

SCHK 0.03%
SPUS 0.45%
Overpaying

Year by year

Year	SCHK	SPUS	Overpaying
10	$55	$812	$757
20	$216	$3,128	$2,912
30	$638	$9,041	$8,403

Expense ratio

0.03%SCHK, cheaper
0.45%SPUS

SCHK0.03%SPUS0.45%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

SPUS 28th cheapest of 42 funds

SCHK vs SPUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHK 1.05%, better; SPUS 0.52%
Payout (12M): SCHK $0.38; SPUS $0.31
Last payment: SCHK $0.10; SPUS $0.03
Ex-dividend: SCHK Sep 23, 2026; SPUS Oct 27, 2026
Paid on: SCHK Sep 28, 2026; SPUS Oct 28, 2026
Frequency: SCHK Quarterly; SPUS Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SCHKQuarterly · 16 paymentsAll SCHK payments⁠

SPUSMonthly · 46 paymentsAll SPUS payments⁠

SCHK vs SPUS Risk

Fall from peak · 5 years

SCHK
SPUS

Risk facts

VolatilityStd dev, 3 years: SCHK 12.6%, betterSPUS 14.8%
Return per unit of riskSharpe ratio, 3 years: SCHK 1.39, betterSPUS 1.33
Worst fallMax drawdown, 5 years: SCHK −25.4%, betterSPUS −28.0%
Market sensitivityBeta, 5 years: SCHK 1.02SPUS 1.09; Market = 1

SCHK and SPUS in the news

All news⁠

ETF Filings
SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income
Oct 12, 2026SPUS

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SCHK vs SPUS

In short

Stated mandate

Why people hold it

Worth knowing

How SCHK and SPUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHK

Only in SPUS

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income

How SCHK and SPUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHK

Only in SPUS

Weight gaps