SCHK vs XOEX: Grades, Fees and Holdings Compared

Schwab 1000 Index ETF

SCHKANYSE Arca

Xtrackers S&P 100 Ex Top 20 ETF

XOEXBCboe

Overlap

20.5%by weight

Expense ratio

SCHK −0.12pt a year

SCHK0.03%XOEX0.15%

Avg volume · 30D

SCHK 19.2×the volume

SCHK1.31MXOEX68.5K

3Y return · a year

SCHK +3.0pt

SCHK+23.3%XOEX+20.3%

SCHK vs XOEX Performance

Oct 31, 2025 – Oct 30, 2026

+11.8%SCHK+16.1%XOEX

Expense ratio: SCHK 0.03%, better; XOEX 0.15%
Fund size: SCHK $5.69B; XOEX $279M
1Y total return: SCHK +11.8%; XOEX +16.1%, better
Yield (12M): SCHK 1.05%; XOEX 1.46%, better
Holdings: SCHK 999; XOEX 78
Avg volume (30D): SCHK 1.31M sh, better; XOEX 68.5K sh
NAV per share: SCHK $36.31; XOEX $40.82
52W range

ETF.net Grade

Pillar letters and Scores for SCHK, XOEX, with each pillar’s weight
Pillar	SCHK	XOEX
Cost30% weight	A98Higher	B63
Mission25% weight	A100Higher	A80
Risk15% weight	B66	A79Higher
Tradability15% weight	A90Higher	B60
Holdings10% weight	B57	B63Higher
Durability5% weight	B68Higher	C51

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SCHK and XOEX 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 XOEX 12th 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 12BFINAFidelity MSCI North American Subset Index ETFScore 68
Rank 12BXOEXXtrackers S&P 100 Ex Top 20 ETFScore 68
Rank 14BIVOVVanguard S&P Mid-Cap 400 Value ETFScore 67

Our read on each fund

ETF.net Research

SCHKASchwab 1000 Index ETF

XOEXBXtrackers S&P 100 Ex Top 20 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.

XOEX Take the S&P 100 and delete the 20 biggest names. What's left is about 80 blue chips sitting just behind the mega-cap crowd, wrapped at 0.15% a year.

Stated mandate

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

XOEX The fund seeks to provide results that generally correspond, before fees and expenses, to the S&P 100 Ex-Top 20 Select Index.

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.

XOEX One rule, clearly stated: the S&P 100 minus that index's 20 largest members by float-adjusted market cap, leaving roughly 80 large caps to share the weight.indexologyblog.com
Costs 0.15% a year, a third of the typical fee among the plain index wrappers we grade.
Tracks its index closely and sits in the top quartile of its index-wrapper peer group, a strong build for a narrow idea.
Rules-based S&P index, US large-cap stocks only, cash paid out 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.

XOEX Thinly traded and modest in size, so spreads can run wider than in household-name index funds.
Not the cheapest shelf: broad wrappers like SCHK, VXF and VT charge less. The exclusion rule is what the extra buys.
It deliberately owns none of the S&P 100's 20 largest members, so results can diverge from standard large-cap funds in either direction.indexologyblog.com

Full SCHK profile⁠

Full XOEX profile⁠

SCHK vs XOEX Holdings

How SCHK and XOEX differ

Overlap by weight

20.5%

Shared holdings make up 96.3% of XOEX and 20.5% of SCHK.

Level by level

Holdings73 in both20.5%
Sector11 Sectors72.5%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in SCHK and XOEX, widest gap first
Sector	More in SCHKMore in XOEX	SCHK	XOEX
Technology	SCHK +20.3 points	38.9%	18.6%
Health Care	XOEX +9.7 points	9.8%	19.5%
Financials	XOEX +5.6 points	11.4%	17.0%
Industrials	XOEX +5.4 points	8.6%	14.0%
Consumer Staples	XOEX +5.3 points	4.2%	9.5%
Communication	SCHK +3.1 points	9.4%	6.3%
Consumer Discretionary	SCHK +2.6 points	8.6%	6.0%
Real Estate	SCHK +1.4 points	2.0%	0.6%
Energy	XOEX +0.8 points	3.5%	4.3%
Utilities	XOEX +0.6 points	1.9%	2.5%
Materials	SCHK +0.2 points	1.8%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in SCHK and XOEX, widest gap first
Country	More in SCHKMore in XOEX	SCHK	XOEX
United States	XOEX +0.6 points	99.4%	100.0%
Other countries (8)	SCHK +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

SCHK34.4%
XOEX26.7%

Securities held

SCHK999
XOEX77

Asset class

SCHK: Equity
XOEX: Equity

Holdings

Only in SCHK926
In both73
Only in XOEX4

Only in SCHK

926 securities, 79.5% of SCHK by weight

NVIDIA7.16%
Apple7.06%
Microsoft5.45%
Amazon Com Inc3.32%
Alphabet Class A2.31%
Broadcom Inc2.28%
Meta Platforms Class A1.91%
Alphabet Class C1.86%
Tesla Inc1.58%
Eli Lilly1.52%
Micron Technology1.46%
Berkshire Hathaway Inc Class B1.40%
Advanced Micro Devices1.28%
JPMorgan Chase1.27%
Exxonmobil Holdings Corp1.05%
Visa Class A0.97%
Johnson & Johnson0.92%
Walmart0.75%
Intel Corporation Corp0.63%
Costco Wholesale Corp0.61%
Cisco Systems Inc0.59%
Palo Alto Networks0.43%
Crowdstrike Holdings Class A0.37%
Linde PLC0.32%
Kla0.30%
Analog Devices0.29%
Amphenol Corp Class A0.28%
Space Exploration Technologies Cor0.27%
Sandisk0.27%
Arista Networks0.27%
Marvell Technology0.27%
Welltower0.23%
Seagate Technology Holdings PLC0.22%
Tjx0.22%
Eaton PLC0.21%
Accenture PLC Class A0.21%
Dell Technologies Inc Class C0.20%
Western Digital Corp0.20%
S&P Global0.19%
Vertex Pharmaceuticals0.19%
Progressive0.19%
Chubb0.18%
Prologis Reit0.17%
Marathon Petroleum0.17%
Medtronic PLC0.17%
Newmont0.16%
Parker-Hannifin0.16%
Snowflake0.16%
Mckesson Corp0.16%
Automatic Data Processing Inc0.16%

Only in XOEX

4 securities, 3.5% of XOEX by weight

2226792D1.56%
Accenture Ltd-Cl A1.04%
Medtronic plc0.78%
Defiance Le Cap Ex-Mag 7 Etf0.15%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in SCHK and XOEX, widest gap first
Holding	More in SCHKMore in XOEX	SCHK	XOEX
AbbVieABBV	XOEX +2.72 points	0.71%	3.43%
Mastercard Class AMA	XOEX +2.69 points	0.71%	3.40%
ChevronCVX	XOEX +2.43 points	0.64%	3.07%
Palantir Technologies Class APLTR	XOEX +2.16 points	0.63%	2.79%
Procter & GamblePG	XOEX +1.95 points	0.52%	2.47%
Merck & Co IncMRK	XOEX +1.93 points	0.50%	2.43%
UnitedHealth GroupUNH	XOEX +1.90 points	0.51%	2.41%
Coca-ColaKO	XOEX +1.90 points	0.50%	2.40%
Home DepotHD	XOEX +1.70 points	0.46%	2.16%
Philip Morris InternationalPM	XOEX +1.69 points	0.45%	2.14%
Bank of AmericaBAC	XOEX +1.68 points	0.46%	2.14%
Ge AerospaceGE	XOEX +1.61 points	0.45%	2.06%
Applied Material IncAMAT	XOEX +1.57 points	0.47%	2.04%
Lam ResearchLRCX	XOEX +1.53 points	0.44%	1.97%
Caterpillar IncCAT	XOEX +1.48 points	0.41%	1.89%
Texas InstrumentTXN	XOEX +1.41 points	0.40%	1.81%
RtxRTX	XOEX +1.40 points	0.37%	1.77%
NetflixNFLX	XOEX +1.34 points	0.36%	1.70%
Goldman Sachs GroupGS	XOEX +1.35 points	0.37%	1.72%
Thermo Fisher ScientificTMO	XOEX +1.33 points	0.36%	1.69%
Amgen IncAMGN	XOEX +1.31 points	0.35%	1.66%
Wells FargoWFC	XOEX +1.30 points	0.36%	1.66%
International Business Machines CoIBM	XOEX +1.26 points	0.34%	1.60%
Ge VernovaGEV	XOEX +1.18 points	0.33%	1.51%
OracleORCL	XOEX +1.16 points	0.33%	1.49%
Morgan StanleyMS	XOEX +1.14 points	0.31%	1.45%
Gilead SciencesGILD	XOEX +1.11 points	0.28%	1.39%
CitigroupC	XOEX +1.06 points	0.29%	1.35%
Walt DisneyDIS	XOEX +0.99 points	0.27%	1.26%
PepsicoPEP	XOEX +0.98 points	0.25%	1.23%
SalesforceCRM	XOEX +0.97 points	0.26%	1.23%
Verizon Communications IncVZ	XOEX +0.97 points	0.25%	1.22%
ConocophillipsCOP	XOEX +0.97 points	0.25%	1.22%
Abbott LaboratoriesABT	XOEX +0.96 points	0.25%	1.21%
Mcdonalds CorpMCD	XOEX +0.95 points	0.25%	1.20%
Union PacificUNP	XOEX +0.94 points	0.25%	1.19%
Nextera EnergyNEE	XOEX +0.91 points	0.24%	1.15%
PfizerPFE	XOEX +0.90 points	0.24%	1.14%
DeereDE	XOEX +0.88 points	0.23%	1.11%
QualcommQCOM	XOEX +0.88 points	0.28%	1.16%
American ExpressAXP	XOEX +0.87 points	0.24%	1.11%
BlackRockBLK	XOEX +0.86 points	0.23%	1.09%
Intuitive SurgicalISRG	XOEX +0.79 points	0.22%	1.01%
AT&TT	XOEX +0.76 points	0.20%	0.96%
DanaherDHR	XOEX +0.75 points	0.21%	0.96%
Charles SchwabSCHW	XOEX +0.74 points	0.20%	0.94%
BoeingBA	XOEX +0.70 points	0.19%	0.89%
Uber TechnologiesUBER	XOEX +0.69 points	0.19%	0.88%
Altria Group IncMO	XOEX +0.68 points	0.18%	0.86%
Lockheed MartinLMT	XOEX +0.67 points	0.18%	0.85%
Bristol Myers SquibbBMY	XOEX +0.67 points	0.17%	0.84%
Capital One Financial CorpCOF	XOEX +0.65 points	0.18%	0.83%
Lowes Companies IncLOW	XOEX +0.61 points	0.16%	0.77%
Starbucks CorpSBUX	XOEX +0.61 points	0.17%	0.78%
Cvs HealthCVS	XOEX +0.60 points	0.16%	0.76%
Booking HoldingsBKNG	XOEX +0.57 points	0.16%	0.73%
SouthernSO	XOEX +0.56 points	0.15%	0.71%
ServicenowNOW	XOEX +0.56 points	0.16%	0.72%
Duke Energy CorpDUK	XOEX +0.52 points	0.14%	0.66%
Adobe IncADBE	XOEX +0.51 points	0.14%	0.65%
Bank of New York Mellon CorpBNY	XOEX +0.51 points	0.14%	0.65%
General Dynamics CorpGD	XOEX +0.49 points	0.13%	0.62%
IntuitINTU	XOEX +0.49 points	0.13%	0.62%
Us BancorpUSB	XOEX +0.48 points	0.13%	0.61%
Emerson ElectricEMR	XOEX +0.47 points	0.13%	0.60%
3MMMM	XOEX +0.46 points	0.13%	0.59%
American Tower ReitAMT	XOEX +0.46 points	0.12%	0.58%
Mondelez International Class AMDLZ	XOEX +0.43 points	0.11%	0.54%
Comcast Class ACMCSA	XOEX +0.43 points	0.11%	0.54%
United Parcel Service Inc Class BUPS	XOEX +0.43 points	0.11%	0.54%
General MotorsGM	XOEX +0.40 points	0.10%	0.50%
T Mobile Us IncTMUS	XOEX +0.40 points	0.10%	0.50%
Fedex CorpFDX	XOEX +0.37 points	0.09%	0.46%

All 1,001 SCHK holdings⁠All 78 XOEX 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 XOEX Cost

Overpaying XOEX vs SCHK

$2,499

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

SCHK 0.03%
$638
XOEX 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

SCHK 0.03%
XOEX 0.15%
Overpaying

Year by year

Year	SCHK	XOEX	Overpaying
10	$55	$274	$219
20	$216	$1,071	$855
30	$638	$3,137	$2,499

Expense ratio

0.03%SCHK, cheaper
0.15%XOEX

SCHK0.03%XOEX0.15%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

XOEX 15th cheapest of 42 funds

SCHK vs XOEX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHK 1.05%; XOEX 1.46%, better
Payout (12M): SCHK $0.38; XOEX $0.59
Last payment: SCHK $0.10; XOEX $0.16
Ex-dividend: SCHK Sep 23, 2026; XOEX Sep 18, 2026
Paid on: SCHK Sep 28, 2026; XOEX Sep 25, 2026
Frequency: SCHK Quarterly; XOEX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

XOEXQuarterly · 16 paymentsAll XOEX payments⁠

SCHK vs XOEX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCHK 12.6%, betterXOEX 12.7%
Return per unit of riskSharpe ratio, 3 years: SCHK 1.39, betterXOEX 1.17
Worst fallMax drawdown, 5 years: SCHK −25.4%XOEX −14.7%since Nov 2022
Market sensitivityBeta, 5 years: SCHK 1.02XOEX 0.86; Market = 1

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