SCHX vs SPXT: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

ProShares S&P 500 Ex-Technology ETF

SPXTBNYSE Arca

Overlap

58.1%by weight

Expense ratio

SCHX −0.06pt a year

SCHX0.03%SPXT0.09%

Avg volume · 30D

SCHX 547.2×the volume

SCHX9.93MSPXT18.1K

10Y return · a year

SCHX +3.7pt

SCHX+15.3%SPXT+11.6%

SCHX vs SPXT Performance

Oct 29, 2021 – Oct 30, 2026

+71.6%SCHX+51.2%SPXT

Expense ratio: SCHX 0.03%, better; SPXT 0.09%
Fund size: SCHX $73.2B; SPXT $327M
1Y total return: SCHX +11.5%, better; SPXT +10.7%
Yield (12M): SCHX 1.05%; SPXT 1.30%, better
Holdings: SCHX 753; SPXT 428
Avg volume (30D): SCHX 9.93M sh, better; SPXT 18.1K sh
NAV per share: SCHX $29.72; SPXT $110.39
52W range

ETF.net Grade

Pillar letters and Scores for SCHX, SPXT, with each pillar’s weight
Pillar	SCHX	SPXT
Cost30% weight	A91Higher	A73
Mission25% weight	A99Higher	B67
Risk15% weight	C48	A70Higher
Tradability15% weight	A88Higher	C53
Holdings10% weight	A70	A73Higher
Durability5% weight	A89Higher	A71

Rank among US Large-Cap funds

How we build Categories ›

Same Category. SCHX and SPXT are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

SCHX ranks 1st and SPXT 8th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 8BHDUSHartford Disciplined US Equity ETFScore 67
Rank 8BSPXTProShares S&P 500 Ex-Technology ETFScore 67
Rank 10BSPXNProShares S&P 500 Ex-Financials ETFScore 64

Our read on each fund

ETF.net Research

SCHXASchwab U.S. Large-Cap ETF

SPXTBProShares S&P 500 Ex-Technology ETF

In short

SCHX Schwab's no-frills large-cap core: roughly 800 US big names for three basis points, running since 2009. One of the cheapest tickets in a crowded category, and it hugs its index tightly.

SPXT The S&P 500 with its single biggest sector cut out. SPXT tracks an S&P index that drops every company GICS files under information technology (software, hardware, semis) and keeps the other roughly 400.

Stated mandate

SCHX The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.

SPXT SPXT provides exposure to the large-cap S&P 500 while excluding companies classified in the information technology sector.

Why people hold it

SCHX 0.03% a year, well under the typical US large-cap fund's fee. That is the kind of cost floor only the biggest fund shops can hold.
About 800 stocks tracking the Dow Jones U.S. Large-Cap Total Stock Market Index before fees. No themes, no screens, no manager hunches.schwabassetmanagement.com
Tracking has been among the tightest in its peer group: the fund delivers its index with very little slippage.
Live since 2009 and now a multi-billion-dollar fund that trades heavily, so spreads stay thin and the lights are unlikely to go out.

SPXT Charges 0.09% a year, under the median for its large-cap peer group, which is cheap for a fund with a rulebook this specific.
One rule, applied by index committee, not manager hunch: own the S&P 500, skip the info tech sector, weight the rest by market cap.spglobal.com proshares.com
Sticks close to the S&P 500 Ex-Information Technology Index it follows, and sits in the upper half of its large-cap cohort. Pays quarterly.
Live since 2015, part of the ProShares ex-sector lineup that also carves out energy, financials and health care.proshares.com

Worth knowing

SCHX Large caps only, despite the index name. Mid and small caps live in a separate fund, so this is one slice of the market, not all of it.
Three basis points is cheap, not free: BKLC in the same peer group runs at zero.
Dividends land quarterly, not monthly, which matters if you're building an income schedule.

SPXT "Ex-tech" is a GICS label, not a vibe. Names like Meta sit outside the info tech sector, so the fund still holds stocks most people call tech.spglobal.com
Removing the S&P 500's largest sector means results drift from the plain index in both directions.wikipedia.org
Thinly traded next to the giant core S&P funds, so bid-ask spreads can be wider.

Full SCHX profile⁠

Full SPXT profile⁠

SCHX vs SPXT Holdings

How SCHX and SPXT differ

Overlap by weight

58.1%

Shared holdings make up 99.7% of SPXT and 58.1% of SCHX.

Level by level

Holdings423 in both58.1%
Sector11 Sectors62.4%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in SCHX and SPXT, widest gap first
Sector	More in SCHXMore in SPXT	SCHX	SPXT
Technology	SCHX +37.6 points	38.8%	1.2%
Communication	SPXT +8.0 points	8.5%	16.5%
Financials	SPXT +6.9 points	11.7%	18.6%
Consumer Discretionary	SPXT +5.6 points	8.9%	14.5%
Health Care	SPXT +5.6 points	9.8%	15.3%
Industrials	SPXT +4.4 points	8.1%	12.5%
Consumer Staples	SPXT +2.6 points	4.6%	7.2%
Energy	SPXT +1.8 points	3.8%	5.6%
Utilities	SPXT +1.1 points	2.0%	3.1%
Real Estate	SPXT +0.9 points	1.9%	2.8%
Materials	SPXT +0.6 points	2.0%	2.6%

Country, concentration and asset class

Country by domicile

Country weights in SCHX and SPXT, widest gap first
Country	More in SCHXMore in SPXT	SCHX	SPXT
United States	Same weight	99.5%	99.5%
Switzerland	SPXT +0.1 points	0.3%	0.4%
China	SCHX +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.1%	0.1%
Mexico	SCHX +0.1 points	0.1%	0.0%
Ireland	SPXT +0.1 points	0.0%	0.1%
Sweden	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SCHX35.3%
SPXT30.1%

Securities held

SCHX753
SPXT427

Asset class

SCHX: Equity
SPXT: Equity

Holdings

Only in SCHX330
In both423
Only in SPXT4

Only in SCHX

330 securities, 41.9% of SCHX by weight

NVIDIA7.35%
Apple7.23%
Microsoft5.59%
Broadcom Inc2.33%
Micron Technology1.50%
Advanced Micro Devices1.31%
Intel Corporation Corp0.65%
Palantir Technologies Class A0.64%
Cisco Systems Inc0.61%
Applied Material Inc0.48%
Lam Research0.45%
Palo Alto Networks0.44%
Texas Instrument0.41%
Crowdstrike Holdings Class A0.38%
International Business Machines Co0.35%
Oracle0.34%
Kla0.31%
Analog Devices0.30%
Amphenol Corp Class A0.29%
Qualcomm0.28%
Space Exploration Technologies Cor0.28%
Sandisk0.28%
Arista Networks0.27%
Marvell Technology0.27%
Salesforce0.27%
Seagate Technology Holdings PLC0.23%
Accenture PLC Class A0.22%
Dell Technologies Inc Class C0.20%
Western Digital Corp0.20%
Snowflake0.16%
Servicenow0.16%
Corning0.14%
Cloudflare Class A0.14%
Adobe Inc0.14%
Cadence Design Systems0.13%
Synopsys0.13%
Intuit0.13%
Datadog Inc Class A0.13%
Fortinet0.12%
Lumentum Holdings0.12%
Motorola Solutions Inc0.12%
Hewlett Packard Enterprise0.11%
Nxp Semiconductors NV0.10%
Cheniere Energy0.09%
Te Connectivity PLC0.09%
Natera0.09%
Monolithic Power Systems Inc0.08%
Keysight Technologies0.08%
Strategy Inc Class A0.07%
Autodesk0.07%

Only in SPXT

4 securities, 0.1% of SPXT by weight

Fox Corp - Class B0.02%
Smith (A.o.) Corp0.02%
Mosaic Co/The0.01%
News Corp - Class B<0.01%

Weight gaps

The 100 widest of 423 Holdings in both funds.

Holding weights in SCHX and SPXT, widest gap first
Holding	More in SCHXMore in SPXT	SCHX	SPXT
Amazon Com IncAMZN	SPXT +2.36 points	3.40%	5.76%
Alphabet Class AGOOGL	SPXT +1.64 points	2.37%	4.01%
Meta Platforms Class AMETA	SPXT +1.35 points	1.96%	3.31%
Alphabet Class CGOOG	SPXT +1.32 points	1.91%	3.23%
Eli LillyLLY	SPXT +1.22 points	1.56%	2.78%
Tesla IncTSLA	SPXT +1.13 points	1.62%	2.75%
Berkshire Hathaway Inc Class BBRK.B	SPXT +1.04 points	1.43%	2.47%
JPMorgan ChaseJPM	SPXT +0.89 points	1.30%	2.19%
Exxonmobil Holdings CorpXOM	SPXT +0.81 points	1.07%	1.88%
Visa Class AV	SPXT +0.73 points	0.99%	1.72%
Johnson & JohnsonJNJ	SPXT +0.67 points	0.94%	1.61%
WalmartWMT	SPXT +0.57 points	0.77%	1.34%
AbbVieABBV	SPXT +0.54 points	0.73%	1.27%
Mastercard Class AMA	SPXT +0.53 points	0.73%	1.26%
ChevronCVX	SPXT +0.49 points	0.65%	1.14%
Costco Wholesale CorpCOST	SPXT +0.46 points	0.63%	1.09%
Merck & Co IncMRK	SPXT +0.39 points	0.51%	0.90%
Procter & GamblePG	SPXT +0.39 points	0.53%	0.92%
Coca-ColaKO	SPXT +0.38 points	0.51%	0.89%
UnitedHealth GroupUNH	SPXT +0.37 points	0.52%	0.89%
Home DepotHD	SPXT +0.33 points	0.47%	0.80%
Philip Morris InternationalPM	SPXT +0.33 points	0.46%	0.79%
Bank of AmericaBAC	SPXT +0.32 points	0.47%	0.79%
Ge AerospaceGE	SPXT +0.31 points	0.46%	0.77%
Caterpillar IncCAT	SPXT +0.28 points	0.42%	0.70%
RtxRTX	SPXT +0.28 points	0.38%	0.66%
NetflixNFLX	SPXT +0.26 points	0.37%	0.63%
Amgen IncAMGN	SPXT +0.27 points	0.35%	0.62%
Thermo Fisher ScientificTMO	SPXT +0.26 points	0.37%	0.63%
Wells FargoWFC	SPXT +0.26 points	0.36%	0.62%
Linde PLCLIN	SPXT +0.25 points	0.33%	0.58%
Goldman Sachs GroupGS	SPXT +0.25 points	0.38%	0.63%
Gilead SciencesGILD	SPXT +0.23 points	0.29%	0.52%
Ge VernovaGEV	SPXT +0.22 points	0.34%	0.56%
Morgan StanleyMS	SPXT +0.22 points	0.32%	0.54%
CitigroupC	SPXT +0.20 points	0.30%	0.50%
PepsicoPEP	SPXT +0.20 points	0.26%	0.46%
Verizon Communications IncVZ	SPXT +0.19 points	0.26%	0.45%
ConocophillipsCOP	SPXT +0.19 points	0.26%	0.45%
Walt DisneyDIS	SPXT +0.20 points	0.27%	0.47%
Abbott LaboratoriesABT	SPXT +0.19 points	0.26%	0.45%
Mcdonalds CorpMCD	SPXT +0.19 points	0.26%	0.45%
Union PacificUNP	SPXT +0.18 points	0.26%	0.44%
Nextera EnergyNEE	SPXT +0.19 points	0.24%	0.43%
PfizerPFE	SPXT +0.18 points	0.24%	0.42%
DeereDE	SPXT +0.17 points	0.24%	0.41%
WelltowerWELL	SPXT +0.17 points	0.24%	0.41%
American ExpressAXP	SPXT +0.17 points	0.24%	0.41%
BlackRockBLK	SPXT +0.17 points	0.24%	0.41%
TjxTJX	SPXT +0.16 points	0.22%	0.38%
AT&TT	SPXT +0.16 points	0.20%	0.36%
Vertex PharmaceuticalsVRTX	SPXT +0.16 points	0.19%	0.35%
S&P GlobalSPGI	SPXT +0.15 points	0.20%	0.35%
Intuitive SurgicalISRG	SPXT +0.14 points	0.23%	0.37%
Charles SchwabSCHW	SPXT +0.14 points	0.20%	0.35%
DanaherDHR	SPXT +0.14 points	0.21%	0.35%
ProgressivePGR	SPXT +0.14 points	0.19%	0.33%
BoeingBA	SPXT +0.14 points	0.19%	0.33%
Altria Group IncMO	SPXT +0.14 points	0.18%	0.32%
Uber TechnologiesUBER	SPXT +0.14 points	0.19%	0.33%
Eaton PLCETN	SPXT +0.13 points	0.22%	0.35%
Bristol Myers SquibbBMY	SPXT +0.13 points	0.18%	0.31%
Marathon PetroleumMPC	SPXT +0.13 points	0.17%	0.30%
ChubbCB	SPXT +0.13 points	0.18%	0.31%
Lockheed MartinLMT	SPXT +0.12 points	0.19%	0.31%
Capital One Financial CorpCOF	SPXT +0.13 points	0.18%	0.31%
Prologis ReitPLD	SPXT +0.13 points	0.17%	0.30%
Automatic Data Processing IncADP	SPXT +0.12 points	0.16%	0.28%
Valero Energy CorpVLO	SPXT +0.12 points	0.16%	0.28%
Mckesson CorpMCK	SPXT +0.12 points	0.16%	0.28%
Lowes Companies IncLOW	SPXT +0.12 points	0.17%	0.29%
PhillipsPSX	SPXT +0.12 points	0.16%	0.28%
Cvs HealthCVS	SPXT +0.12 points	0.16%	0.28%
Medtronic PLCMDT	SPXT +0.12 points	0.17%	0.29%
Starbucks CorpSBUX	SPXT +0.12 points	0.17%	0.29%
Cme Group Class ACME	SPXT +0.12 points	0.15%	0.27%
Regeneron PharmaceuticalsREGN	SPXT +0.12 points	0.11%	0.23%
SouthernSO	SPXT +0.11 points	0.15%	0.26%
Booking HoldingsBKNG	SPXT +0.11 points	0.16%	0.27%
Kimberly ClarkKMB	SPXT +0.11 points	0.05%	0.16%
Parker-HannifinPH	SPXT +0.11 points	0.17%	0.28%
NewmontNEM	SPXT +0.10 points	0.17%	0.27%
Duke Energy CorpDUK	SPXT +0.10 points	0.14%	0.24%
Equinix ReitEQIX	SPXT +0.10 points	0.15%	0.25%
MarshMRSH	SPXT +0.10 points	0.13%	0.23%
Bank of New York Mellon CorpBNY	SPXT +0.10 points	0.14%	0.24%
General Dynamics CorpGD	SPXT +0.10 points	0.13%	0.23%
CsxCSX	SPXT +0.10 points	0.14%	0.24%
StrykerSYK	SPXT +0.10 points	0.15%	0.25%
Elevance Health IncELV	SPXT +0.09 points	0.13%	0.22%
Quanta Services IncPWR	SPXT +0.09 points	0.14%	0.23%
Us BancorpUSB	SPXT +0.10 points	0.13%	0.23%
WilliamsWMB	SPXT +0.09 points	0.13%	0.22%
Waste Management IncWM	SPXT +0.09 points	0.12%	0.21%
American Tower ReitAMT	SPXT +0.09 points	0.12%	0.21%
Pnc Financial Services GroupPNC	SPXT +0.09 points	0.13%	0.22%
Eog ResourcesEOG	SPXT +0.09 points	0.12%	0.21%
3MMMM	SPXT +0.09 points	0.13%	0.22%
Mondelez International Class AMDLZ	SPXT +0.09 points	0.11%	0.20%
Emerson ElectricEMR	SPXT +0.08 points	0.14%	0.22%

All 754 SCHX holdings⁠All 430 SPXT 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.

SCHX vs SPXT Cost

Overpaying SPXT vs SCHX

$1,260

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

SCHX 0.03%
$638
SPXT 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

SCHX 0.03%
SPXT 0.09%
Overpaying

Year by year

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

Expense ratio

0.03%SCHX, cheaper
0.09%SPXT

SCHX0.03%SPXT0.09%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

SPXT 7th cheapest of 29 funds

SCHX vs SPXT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHX 1.05%; SPXT 1.30%, better
Payout (12M): SCHX $0.31; SPXT $1.44
Last payment: SCHX $0.08; SPXT $0.32
Ex-dividend: SCHX Sep 23, 2026; SPXT Sep 23, 2026
Paid on: SCHX Sep 28, 2026; SPXT Sep 29, 2026
Frequency: SCHX Quarterly; SPXT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

SPXTQuarterly · 39 paymentsAll SPXT payments⁠

SCHX vs SPXT Risk

Fall from peak · 5 years

SCHX
SPXT

Risk facts

VolatilityStd dev, 3 years: SCHX 12.5%SPXT 10.9%, better
Return per unit of riskSharpe ratio, 3 years: SCHX 1.40, betterSPXT 1.23
Worst fallMax drawdown, 5 years: SCHX −25.4%SPXT −21.5%, better
Market sensitivityBeta, 5 years: SCHX 1.01SPXT 0.78; Market = 1

SCHX and SPXT in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026SCHX

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