SCHK vs SPXE: Grades, Fees and Holdings Compared

Schwab 1000 Index ETF

SCHKANYSE Arca

ProShares S&P 500 Ex-Energy ETF

SPXEBNYSE Arca

Overlap

88.5%by weight

Expense ratio

SCHK −0.06pt a year

SCHK0.03%SPXE0.09%

Avg volume · 30D

SCHK 1354.1×the volume

SCHK1.31MSPXE970

5Y return · a year

SPXE +0.2pt

SCHK+11.3%SPXE+11.5%

SCHK vs SPXE Performance

Oct 29, 2021 – Oct 30, 2026

+70.5%SCHK+72.7%SPXE

Expense ratio: SCHK 0.03%, better; SPXE 0.09%
Fund size: SCHK $5.69B; SPXE $85M
1Y total return: SCHK +11.8%, better; SPXE +10.6%
Yield (12M): SCHK 1.05%, better; SPXE 0.92%
Holdings: SCHK 999; SPXE 482
Avg volume (30D): SCHK 1.31M sh, better; SPXE 970 sh
NAV per share: SCHK $36.31; SPXE $80.91
52W range

ETF.net Grade

Pillar letters and Scores for SCHK, SPXE, with each pillar’s weight
Pillar	SCHK	SPXE
Cost30% weight	A98Higher	A79
Mission25% weight	A100	A100
Risk15% weight	B66Higher	B63
Tradability15% weight	A90Higher	D25
Holdings10% weight	B57Higher	C46
Durability5% weight	B68Higher	C52

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SCHK and SPXE 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 SPXE 11th 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 10AIVOGVanguard S&P Mid-Cap 400 Growth ETFScore 70
Rank 11BSPXEProShares S&P 500 Ex-Energy ETFScore 69
Rank 12BFINAFidelity MSCI North American Subset Index ETFScore 68

Our read on each fund

ETF.net Research

SCHKASchwab 1000 Index ETF

SPXEBProShares S&P 500 Ex-Energy 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.

SPXE The S&P 500 with the oil and gas names lifted out. Same roughly 500-stock large-cap core, one sector missing, at a fee far below what its index-fund peer group typically charges.

Stated mandate

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

SPXE SPXE is intended to provide exposure to the S&P 500 while excluding companies classified in the energy sector.

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.

SPXE Charges 0.09% a year, a fraction of the 0.45% median for funds in its index-tracking peer group.
One surgical edit, not a rebuild: it holds the S&P 500 and leaves out companies classified in the energy sector. Sector weights and mega-cap shape otherwise stay familiar.
Tracks the S&P 500 Ex-Energy Index very closely, one of the tighter index implementations in its peer group.
Running the same ex-energy mandate since 2015, with distributions paid quarterly.

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.

SPXE Thinly traded for its category. Spreads matter more here than with the household-name S&P 500 trackers, so limit orders are the sane default.
A small fund next to the giant index products, which is worth knowing before sizing a large position.
Dropping a whole sector means returns move away from the full S&P 500 in both directions, and you give up energy's dividends and its inflation-hedge role.

Full SCHK profile⁠

Full SPXE profile⁠

SCHK vs SPXE Holdings

How SCHK and SPXE differ

Overlap by weight

88.5%

Shared holdings make up 99.8% of SPXE and 88.7% of SCHK.

Level by level

Holdings479 in both88.5%
Sector11 Sectors95.1%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in SCHK and SPXE, widest gap first
Sector	More in SCHKMore in SPXE	SCHK	SPXE
Energy	SCHK +3.5 points	3.5%	0.0%
Technology	SPXE +3.0 points	38.9%	41.9%
Communication	SPXE +0.9 points	9.4%	10.3%
Industrials	SCHK +0.8 points	8.6%	7.8%
Consumer Discretionary	SPXE +0.4 points	8.6%	9.0%
Consumer Staples	SPXE +0.3 points	4.2%	4.5%
Real Estate	SCHK +0.2 points	2.0%	1.8%
Financials	SPXE +0.2 points	11.4%	11.6%
Materials	SCHK +0.2 points	1.8%	1.6%
Health Care	SCHK +0.2 points	9.8%	9.6%
Utilities	Same weight	1.9%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in SCHK and SPXE, widest gap first
Country	More in SCHKMore in SPXE	SCHK	SPXE
United States	SPXE +0.1 points	99.4%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
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%
SPXE38.7%

Securities held

SCHK999
SPXE481

Asset class

SCHK: Equity
SPXE: Equity

Holdings

Only in SCHK520
In both479
Only in SPXE2

Only in SCHK

520 securities, 11.3% of SCHK by weight

Exxonmobil Holdings Corp1.05%
Chevron0.64%
Space Exploration Technologies Cor0.27%
Conocophillips0.25%
Marathon Petroleum0.17%
Snowflake0.16%
Valero Energy Corp0.15%
Phillips0.15%
Cloudflare Class A0.14%
Williams0.13%
Ishares Russell Etf0.12%
Eog Resources0.12%
Slb0.11%
Targa Resources0.09%
Kinder Morgan0.09%
Cheniere Energy0.09%
Natera0.09%
Oneok0.08%
Devon Energy0.08%
Baker Hughes Class A0.08%
Strategy Inc Class A0.07%
Occidental Petroleum Corp0.06%
Astera Labs0.06%
Diamondback Energy0.06%
Revolution Medicines0.05%
Kenvue0.05%
Okta Class A0.05%
Anglogold Ashanti PLC0.05%
Roblox Class A0.05%
Sunbelt Rentals Holdings Inc0.05%
Eqt0.05%
Atlassian Corp Class A0.05%
Rocket Lab Corp0.05%
Heico0.04%
Mongodb Class A0.04%
Halliburton0.04%
Royalty Pharma PLC Class A0.04%
Ssc Government Mm Gvmxx0.04%
Credo Technology Group Holding Ltd0.04%
Technipfmc PLC0.04%
Zoom Communications Class A0.04%
Zscaler0.04%
United Therapeutics0.04%
Guardant Health0.03%
Entegris Inc0.03%
Insmed0.03%
Ati0.03%
Coreweave Class A0.03%
Alnylam Pharmaceuticals0.03%
Markel Group0.03%

Only in SPXE

2 securities, 0.0% of SPXE by weight

Fox Corp - Class B0.01%
News Corp - Class B<0.01%

Weight gaps

The 100 widest of 479 Holdings in both funds.

Holding weights in SCHK and SPXE, widest gap first
Holding	More in SCHKMore in SPXE	SCHK	SPXE
AppleAAPL	SPXE +0.94 points	7.06%	8.00%
NVIDIANVDA	SPXE +0.72 points	7.16%	7.88%
MicrosoftMSFT	SPXE +0.72 points	5.45%	6.17%
Amazon Com IncAMZN	SPXE +0.43 points	3.32%	3.75%
Alphabet Class AGOOGL	SPXE +0.30 points	2.31%	2.61%
Eli LillyLLY	SPXE +0.29 points	1.52%	1.81%
Meta Platforms Class AMETA	SPXE +0.25 points	1.91%	2.16%
Alphabet Class CGOOG	SPXE +0.24 points	1.86%	2.10%
Tesla IncTSLA	SPXE +0.21 points	1.58%	1.79%
Berkshire Hathaway Inc Class BBRK.B	SPXE +0.21 points	1.40%	1.61%
Broadcom IncAVGO	SPXE +0.19 points	2.28%	2.47%
JPMorgan ChaseJPM	SPXE +0.16 points	1.27%	1.43%
Visa Class AV	SPXE +0.15 points	0.97%	1.12%
Johnson & JohnsonJNJ	SPXE +0.13 points	0.92%	1.05%
WalmartWMT	SPXE +0.13 points	0.75%	0.88%
Micron TechnologyMU	SPXE +0.13 points	1.46%	1.59%
AbbVieABBV	SPXE +0.12 points	0.71%	0.83%
Intel Corporation CorpINTC	SCHK +0.11 points	0.63%	0.52%
Mastercard Class AMA	SPXE +0.11 points	0.71%	0.82%
Costco Wholesale CorpCOST	SPXE +0.11 points	0.61%	0.71%
Merck & Co IncMRK	SPXE +0.09 points	0.50%	0.59%
Coca-ColaKO	SPXE +0.08 points	0.50%	0.58%
Procter & GamblePG	SPXE +0.08 points	0.52%	0.60%
UnitedHealth GroupUNH	SPXE +0.07 points	0.51%	0.58%
Philip Morris InternationalPM	SPXE +0.07 points	0.45%	0.52%
Home DepotHD	SPXE +0.06 points	0.46%	0.52%
Cisco Systems IncCSCO	SPXE +0.07 points	0.59%	0.66%
Bank of AmericaBAC	SPXE +0.06 points	0.46%	0.52%
RtxRTX	SPXE +0.06 points	0.37%	0.43%
Amgen IncAMGN	SPXE +0.05 points	0.35%	0.40%
Linde PLCLIN	SPXE +0.06 points	0.32%	0.38%
Kimberly ClarkKMB	SPXE +0.06 points	0.05%	0.11%
NetflixNFLX	SPXE +0.05 points	0.36%	0.41%
Gilead SciencesGILD	SPXE +0.06 points	0.28%	0.34%
International Business Machines CoIBM	SPXE +0.05 points	0.34%	0.39%
Ge AerospaceGE	SPXE +0.05 points	0.45%	0.50%
Thermo Fisher ScientificTMO	SPXE +0.05 points	0.36%	0.41%
Palantir Technologies Class APLTR	SPXE +0.04 points	0.63%	0.67%
PepsicoPEP	SPXE +0.05 points	0.25%	0.30%
Wells FargoWFC	SPXE +0.04 points	0.36%	0.40%
Palo Alto NetworksPANW	SPXE +0.04 points	0.43%	0.47%
Caterpillar IncCAT	SPXE +0.05 points	0.41%	0.46%
Verizon Communications IncVZ	SPXE +0.05 points	0.25%	0.30%
Abbott LaboratoriesABT	SPXE +0.04 points	0.25%	0.29%
Nextera EnergyNEE	SPXE +0.04 points	0.24%	0.28%
Accenture PLC Class AACN	SPXE +0.04 points	0.21%	0.25%
Texas InstrumentTXN	SPXE +0.04 points	0.40%	0.44%
Goldman Sachs GroupGS	SPXE +0.04 points	0.37%	0.41%
PfizerPFE	SPXE +0.04 points	0.24%	0.28%
DeereDE	SPXE +0.04 points	0.23%	0.27%
Walt DisneyDIS	SPXE +0.03 points	0.27%	0.30%
Mcdonalds CorpMCD	SPXE +0.04 points	0.25%	0.29%
Union PacificUNP	SPXE +0.04 points	0.25%	0.29%
Crowdstrike Holdings Class ACRWD	SPXE +0.04 points	0.37%	0.41%
Vertex PharmaceuticalsVRTX	SPXE +0.04 points	0.19%	0.23%
SalesforceCRM	SPXE +0.04 points	0.26%	0.30%
WelltowerWELL	SPXE +0.04 points	0.23%	0.27%
Ge VernovaGEV	SPXE +0.03 points	0.33%	0.36%
Morgan StanleyMS	SPXE +0.04 points	0.31%	0.35%
Lam ResearchLRCX	SPXE +0.04 points	0.44%	0.48%
AT&TT	SPXE +0.03 points	0.20%	0.23%
Regeneron PharmaceuticalsREGN	SPXE +0.04 points	0.11%	0.15%
CitigroupC	SPXE +0.04 points	0.29%	0.33%
American ExpressAXP	SPXE +0.03 points	0.24%	0.27%
Medtronic PLCMDT	SPXE +0.03 points	0.17%	0.20%
S&P GlobalSPGI	SPXE +0.03 points	0.19%	0.22%
Analog DevicesADI	SPXE +0.03 points	0.29%	0.32%
Amphenol Corp Class AAPH	SPXE +0.03 points	0.28%	0.31%
TjxTJX	SPXE +0.03 points	0.22%	0.25%
Bristol Myers SquibbBMY	SPXE +0.03 points	0.17%	0.20%
Altria Group IncMO	SPXE +0.03 points	0.18%	0.21%
BlackRockBLK	SPXE +0.03 points	0.23%	0.26%
ProgressivePGR	SPXE +0.02 points	0.19%	0.21%
Advanced Micro DevicesAMD	SPXE +0.03 points	1.28%	1.31%
Automatic Data Processing IncADP	SPXE +0.03 points	0.16%	0.19%
Applied Material IncAMAT	SPXE +0.02 points	0.47%	0.49%
Charles SchwabSCHW	SPXE +0.03 points	0.20%	0.23%
ChubbCB	SPXE +0.02 points	0.18%	0.20%
BoeingBA	SPXE +0.03 points	0.19%	0.22%
Mckesson CorpMCK	SPXE +0.03 points	0.16%	0.18%
Cme Group Class ACME	SPXE +0.02 points	0.15%	0.17%
Uber TechnologiesUBER	SPXE +0.02 points	0.19%	0.21%
Lowes Companies IncLOW	SPXE +0.03 points	0.16%	0.19%
DanaherDHR	SPXE +0.02 points	0.21%	0.23%
Prologis ReitPLD	SPXE +0.02 points	0.17%	0.19%
KlaKLAC	SPXE +0.03 points	0.30%	0.33%
OracleORCL	SPXE +0.03 points	0.33%	0.36%
Lockheed MartinLMT	SPXE +0.03 points	0.18%	0.21%
Intercontinental ExchangeICE	SPXE +0.02 points	0.13%	0.15%
Cvs HealthCVS	SPXE +0.02 points	0.16%	0.18%
Intuitive SurgicalISRG	SPXE +0.02 points	0.22%	0.24%
SouthernSO	SPXE +0.02 points	0.15%	0.17%
IntuitINTU	SPXE +0.02 points	0.13%	0.15%
Capital One Financial CorpCOF	SPXE +0.02 points	0.18%	0.20%
Duke Energy CorpDUK	SPXE +0.02 points	0.14%	0.16%
MarshMRSH	SPXE +0.02 points	0.13%	0.15%
Adobe IncADBE	SPXE +0.02 points	0.14%	0.16%
Comcast Class ACMCSA	SPXE +0.02 points	0.11%	0.13%
Starbucks CorpSBUX	SPXE +0.02 points	0.17%	0.19%
Mondelez International Class AMDLZ	SPXE +0.02 points	0.11%	0.13%

All 1,001 SCHK holdings⁠All 484 SPXE 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 SPXE Cost

Overpaying SPXE vs SCHK

$1,260

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

SCHK 0.03%
$638
SPXE 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

SCHK 0.03%
SPXE 0.09%
Overpaying

Year by year

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

Expense ratio

0.03%SCHK, cheaper
0.09%SPXE

SCHK0.03%SPXE0.09%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

SPXE 7th cheapest of 42 funds

SCHK vs SPXE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHK 1.05%, better; SPXE 0.92%
Payout (12M): SCHK $0.38; SPXE $0.74
Last payment: SCHK $0.10; SPXE $0.18
Ex-dividend: SCHK Sep 23, 2026; SPXE Sep 23, 2026
Paid on: SCHK Sep 28, 2026; SPXE Sep 29, 2026
Frequency: SCHK Quarterly; SPXE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

SPXEQuarterly · 39 paymentsAll SPXE payments⁠

SCHK vs SPXE Risk

Fall from peak · 5 years

SCHK
SPXE

Risk facts

VolatilityStd dev, 3 years: SCHK 12.6%, betterSPXE 12.9%
Return per unit of riskSharpe ratio, 3 years: SCHK 1.39, betterSPXE 1.37
Worst fallMax drawdown, 5 years: SCHK −25.4%, betterSPXE −26.5%
Market sensitivityBeta, 5 years: SCHK 1.02SPXE 1.03; Market = 1

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