SCHX vs SPXV: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

ProShares S&P 500 Ex-Health Care ETF

SPXVBNYSE Arca

Overlap

84.8%by weight

Expense ratio

SCHX −0.06pt a year

SCHX0.03%SPXV0.09%

Avg volume · 30D

SCHX 15468.5×the volume

SCHX9.93MSPXV642

10Y return · a year

SPXV +0.2pt

SCHX+15.3%SPXV+15.5%

SCHX vs SPXV Performance

Oct 29, 2021 – Oct 30, 2026

+71.6%SCHX+79.4%SPXV

Expense ratio: SCHX 0.03%, better; SPXV 0.09%
Fund size: SCHX $73.2B; SPXV $40M
1Y total return: SCHX +11.5%, better; SPXV +10.0%
Yield (12M): SCHX 1.05%, better; SPXV 0.93%
Holdings: SCHX 753; SPXV 443
Avg volume (30D): SCHX 9.93M sh, better; SPXV 642 sh
NAV per share: SCHX $29.72; SPXV $81.83
52W range

ETF.net Grade

Pillar letters and Scores for SCHX, SPXV, with each pillar’s weight
Pillar	SCHX	SPXV
Cost30% weight	A91Higher	A73
Mission25% weight	A99Higher	A95
Risk15% weight	C48Higher	D38
Tradability15% weight	A88Higher	D33
Holdings10% weight	A70Higher	C45
Durability5% weight	A89Higher	B60

Rank among US Large-Cap funds

How we build Categories ›

Same Category. SCHX and SPXV 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 SPXV 12th 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 12BIQSUNYLI Candriam U.S. Large Cap Equity ETFScore 63
Rank 12BSPXVProShares S&P 500 Ex-Health Care ETFScore 63
Rank 14BXLGInvesco S&P 500 Top 50 ETFScore 61

Our read on each fund

ETF.net Research

SCHXASchwab U.S. Large-Cap ETF

SPXVBProShares S&P 500 Ex-Health Care 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.

SPXV The S&P 500 with one sector surgically removed. SPXV holds roughly 400 large caps and leaves health care out, built for portfolios that already get their pharma and hospital exposure elsewhere.

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.

SPXV The Fund seeks investment results that track the performance of the S&P 500 Ex-Health Care Index before fees and expenses.

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.

SPXV Charges 0.09% a year, below the typical fund in its large-cap group.
One job, done tightly: it has hugged the S&P 500 Ex-Health Care Index closely instead of drifting from its stated mandate.
Saves the DIY work. Roughly 400 S&P 500 names in one ticker, with no screening or rebalancing on your end.
Trading since 2015, a long run for a single-sector carve-out, and it sits in the upper half of its large-cap peer group.

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.

SPXV Thinly traded with a small asset base, so spreads can run wider than on a mainstream S&P 500 fund.
Pull a sector out and the rest weigh more. This tracks its own index, so it parts ways with the S&P 500 whenever health care moves differently.
Plain large-cap trackers such as SCHX and VV run 0.03%, so the sector carve-out carries a modest premium.

Full SCHX profile⁠

Full SPXV profile⁠

SCHX vs SPXV Holdings

How SCHX and SPXV differ

Overlap by weight

84.8%

Shared holdings make up 99.7% of SPXV and 85.0% of SCHX.

Level by level

Holdings438 in both84.8%
Sector11 Sectors90.2%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in SCHX and SPXV, widest gap first
Sector	More in SCHXMore in SPXV	SCHX	SPXV
Health Care	SCHX +9.8 points	9.8%	0.0%
Technology	SPXV +4.6 points	38.8%	43.4%
Communication	SPXV +1.4 points	8.5%	9.9%
Financials	SPXV +1.3 points	11.7%	13.0%
Consumer Discretionary	SPXV +1.0 points	8.9%	9.9%
Consumer Staples	SPXV +0.6 points	4.6%	5.2%
Energy	SPXV +0.5 points	3.8%	4.3%
Utilities	SPXV +0.2 points	2.0%	2.2%
Real Estate	SPXV +0.1 points	1.9%	2.0%
Industrials	Same weight	8.1%	8.1%
Materials	Same weight	2.0%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in SCHX and SPXV, widest gap first
Country	More in SCHXMore in SPXV	SCHX	SPXV
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
United Kingdom	SCHX +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%

Concentration

Weight in the 10 largest Holdings

SCHX35.3%
SPXV41.3%

Securities held

SCHX753
SPXV442

Asset class

SCHX: Equity
SPXV: Equity

Holdings

Only in SCHX315
In both438
Only in SPXV4

Only in SCHX

315 securities, 15.0% of SCHX by weight

Eli Lilly1.56%
Johnson & Johnson0.94%
AbbVie0.73%
UnitedHealth Group0.52%
Merck & Co Inc0.51%
Thermo Fisher Scientific0.37%
Amgen Inc0.35%
Gilead Sciences0.29%
Space Exploration Technologies Cor0.28%
Abbott Laboratories0.26%
Pfizer0.24%
Intuitive Surgical0.23%
Danaher0.21%
Vertex Pharmaceuticals0.19%
Bristol Myers Squibb0.18%
Medtronic PLC0.17%
Cvs Health0.16%
Snowflake0.16%
Mckesson Corp0.16%
Stryker0.15%
Cloudflare Class A0.14%
Elevance Health Inc0.13%
Moderna0.12%
Regeneron Pharmaceuticals0.11%
Cigna0.11%
Hca Healthcare0.10%
Cheniere Energy0.09%
Cencora0.09%
Natera0.09%
Boston Scientific0.09%
Cardinal Health0.08%
Edwards Lifesciences0.08%
Becton Dickinson0.08%
Strategy Inc Class A0.07%
Agilent Technologies Inc0.07%
Humana0.07%
Waters Corp0.07%
Veeva Systems Class A0.07%
Astera Labs0.06%
Idexx Laboratories0.06%
Iqvia Holdings Inc0.06%
Ssc Government Mm Gvmxx0.06%
Illumina Inc0.06%
Revolution Medicines0.06%
Kenvue0.05%
Okta Class A0.05%
Biogen0.05%
Resmed0.05%
Roblox Class A0.05%
Ge Healthcare Technologies0.05%

Only in SPXV

4 securities, 0.0% of SPXV by weight

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

Weight gaps

The 100 widest of 438 Holdings in both funds.

Holding weights in SCHX and SPXV, widest gap first
Holding	More in SCHXMore in SPXV	SCHX	SPXV
AppleAAPL	SPXV +1.34 points	7.23%	8.57%
NVIDIANVDA	SPXV +1.08 points	7.35%	8.43%
MicrosoftMSFT	SPXV +1.01 points	5.59%	6.60%
Amazon Com IncAMZN	SPXV +0.62 points	3.40%	4.02%
Alphabet Class AGOOGL	SPXV +0.43 points	2.37%	2.80%
Meta Platforms Class AMETA	SPXV +0.35 points	1.96%	2.31%
Alphabet Class CGOOG	SPXV +0.34 points	1.91%	2.25%
Broadcom IncAVGO	SPXV +0.31 points	2.33%	2.64%
Tesla IncTSLA	SPXV +0.30 points	1.62%	1.92%
Berkshire Hathaway Inc Class BBRK.B	SPXV +0.29 points	1.43%	1.72%
Exxonmobil Holdings CorpXOM	SPXV +0.24 points	1.07%	1.31%
JPMorgan ChaseJPM	SPXV +0.23 points	1.30%	1.53%
Visa Class AV	SPXV +0.21 points	0.99%	1.20%
Micron TechnologyMU	SPXV +0.20 points	1.50%	1.70%
WalmartWMT	SPXV +0.17 points	0.77%	0.94%
Mastercard Class AMA	SPXV +0.15 points	0.73%	0.88%
ChevronCVX	SPXV +0.14 points	0.65%	0.79%
Costco Wholesale CorpCOST	SPXV +0.14 points	0.63%	0.77%
Coca-ColaKO	SPXV +0.11 points	0.51%	0.62%
Procter & GamblePG	SPXV +0.11 points	0.53%	0.64%
Intel Corporation CorpINTC	SCHX +0.09 points	0.65%	0.56%
Cisco Systems IncCSCO	SPXV +0.09 points	0.61%	0.70%
Home DepotHD	SPXV +0.09 points	0.47%	0.56%
Philip Morris InternationalPM	SPXV +0.09 points	0.46%	0.55%
Advanced Micro DevicesAMD	SPXV +0.09 points	1.31%	1.40%
Bank of AmericaBAC	SPXV +0.08 points	0.47%	0.55%
Palantir Technologies Class APLTR	SPXV +0.08 points	0.64%	0.72%
RtxRTX	SPXV +0.08 points	0.38%	0.46%
Linde PLCLIN	SPXV +0.07 points	0.33%	0.40%
NetflixNFLX	SPXV +0.07 points	0.37%	0.44%
Ge AerospaceGE	SPXV +0.07 points	0.46%	0.53%
International Business Machines CoIBM	SPXV +0.06 points	0.35%	0.41%
Palo Alto NetworksPANW	SPXV +0.07 points	0.44%	0.51%
Wells FargoWFC	SPXV +0.07 points	0.36%	0.43%
Caterpillar IncCAT	SPXV +0.07 points	0.42%	0.49%
Texas InstrumentTXN	SPXV +0.06 points	0.41%	0.47%
Kimberly ClarkKMB	SPXV +0.06 points	0.05%	0.11%
Goldman Sachs GroupGS	SPXV +0.06 points	0.38%	0.44%
PepsicoPEP	SPXV +0.06 points	0.26%	0.32%
ConocophillipsCOP	SPXV +0.06 points	0.26%	0.32%
Verizon Communications IncVZ	SPXV +0.06 points	0.26%	0.32%
Lam ResearchLRCX	SPXV +0.06 points	0.45%	0.51%
Crowdstrike Holdings Class ACRWD	SPXV +0.05 points	0.38%	0.43%
DeereDE	SPXV +0.05 points	0.24%	0.29%
Accenture PLC Class AACN	SPXV +0.05 points	0.22%	0.27%
Nextera EnergyNEE	SPXV +0.06 points	0.24%	0.30%
Walt DisneyDIS	SPXV +0.06 points	0.27%	0.33%
Ge VernovaGEV	SPXV +0.05 points	0.34%	0.39%
Union PacificUNP	SPXV +0.05 points	0.26%	0.31%
Morgan StanleyMS	SPXV +0.05 points	0.32%	0.37%
Mcdonalds CorpMCD	SPXV +0.05 points	0.26%	0.31%
Applied Material IncAMAT	SPXV +0.05 points	0.48%	0.53%
SalesforceCRM	SPXV +0.05 points	0.27%	0.32%
WelltowerWELL	SPXV +0.05 points	0.24%	0.29%
CitigroupC	SPXV +0.05 points	0.30%	0.35%
Analog DevicesADI	SPXV +0.05 points	0.30%	0.35%
AT&TT	SPXV +0.05 points	0.20%	0.25%
Amphenol Corp Class AAPH	SPXV +0.04 points	0.29%	0.33%
American ExpressAXP	SPXV +0.05 points	0.24%	0.29%
S&P GlobalSPGI	SPXV +0.04 points	0.20%	0.24%
OracleORCL	SPXV +0.04 points	0.34%	0.38%
TjxTJX	SPXV +0.04 points	0.22%	0.26%
Marathon PetroleumMPC	SPXV +0.04 points	0.17%	0.21%
KlaKLAC	SPXV +0.04 points	0.31%	0.35%
Altria Group IncMO	SPXV +0.04 points	0.18%	0.22%
BlackRockBLK	SPXV +0.04 points	0.24%	0.28%
Valero Energy CorpVLO	SPXV +0.04 points	0.16%	0.20%
Charles SchwabSCHW	SPXV +0.03 points	0.20%	0.24%
ProgressivePGR	SPXV +0.04 points	0.19%	0.23%
BoeingBA	SPXV +0.04 points	0.19%	0.23%
PhillipsPSX	SPXV +0.03 points	0.16%	0.19%
Automatic Data Processing IncADP	SPXV +0.04 points	0.16%	0.20%
ChubbCB	SPXV +0.04 points	0.18%	0.22%
Uber TechnologiesUBER	SPXV +0.04 points	0.19%	0.23%
Lockheed MartinLMT	SPXV +0.03 points	0.19%	0.22%
Lowes Companies IncLOW	SPXV +0.03 points	0.17%	0.20%
Prologis ReitPLD	SPXV +0.04 points	0.17%	0.21%
Cme Group Class ACME	SPXV +0.04 points	0.15%	0.19%
Capital One Financial CorpCOF	SPXV +0.03 points	0.18%	0.21%
Intercontinental ExchangeICE	SPXV +0.03 points	0.13%	0.16%
SouthernSO	SPXV +0.03 points	0.15%	0.18%
IntuitINTU	SPXV +0.03 points	0.13%	0.16%
Starbucks CorpSBUX	SPXV +0.03 points	0.17%	0.20%
Duke Energy CorpDUK	SPXV +0.03 points	0.14%	0.17%
MarshMRSH	SPXV +0.03 points	0.13%	0.16%
Adobe IncADBE	SPXV +0.03 points	0.14%	0.17%
Booking HoldingsBKNG	SPXV +0.03 points	0.16%	0.19%
Comcast Class ACMCSA	SPXV +0.03 points	0.11%	0.14%
T Mobile Us IncTMUS	SPXV +0.03 points	0.10%	0.13%
Mondelez International Class AMDLZ	SPXV +0.03 points	0.11%	0.14%
Eog ResourcesEOG	SPXV +0.03 points	0.12%	0.15%
General Dynamics CorpGD	SPXV +0.03 points	0.13%	0.16%
Arista NetworksANET	SPXV +0.03 points	0.27%	0.30%
Parker-HannifinPH	SPXV +0.02 points	0.17%	0.19%
CsxCSX	SPXV +0.02 points	0.14%	0.16%
Eaton PLCETN	SPXV +0.02 points	0.22%	0.24%
Bank of New York Mellon CorpBNY	SPXV +0.03 points	0.14%	0.17%
American Tower ReitAMT	SPXV +0.03 points	0.12%	0.15%
WilliamsWMB	SPXV +0.03 points	0.13%	0.15%
Waste Management IncWM	SPXV +0.03 points	0.12%	0.15%

All 754 SCHX holdings⁠All 445 SPXV 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 SPXV Cost

Overpaying SPXV vs SCHX

$1,260

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

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

Amount$10,000

Years30 years

Cost over time

SCHX 0.03%
SPXV 0.09%
Overpaying

Year by year

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

Expense ratio

0.03%SCHX, cheaper
0.09%SPXV

SCHX0.03%SPXV0.09%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

SPXV 7th cheapest of 29 funds

SCHX vs SPXV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHX 1.05%, better; SPXV 0.93%
Payout (12M): SCHX $0.31; SPXV $0.76
Last payment: SCHX $0.08; SPXV $0.18
Ex-dividend: SCHX Sep 23, 2026; SPXV Sep 23, 2026
Paid on: SCHX Sep 28, 2026; SPXV Sep 29, 2026
Frequency: SCHX Quarterly; SPXV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

SPXVQuarterly · 39 paymentsAll SPXV payments⁠

SCHX vs SPXV Risk

Fall from peak · 5 years

SCHX
SPXV

Risk facts

VolatilityStd dev, 3 years: SCHX 12.5%, betterSPXV 13.3%
Return per unit of riskSharpe ratio, 3 years: SCHX 1.40, betterSPXV 1.38
Worst fallMax drawdown, 5 years: SCHX −25.4%, betterSPXV −26.6%
Market sensitivityBeta, 5 years: SCHX 1.01SPXV 1.07; Market = 1

SCHX and SPXV 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

Popular comparisons

SCHXAvsBKLCA
Schwab U.S. Large-Cap ETF · BNY Mellon US Large Cap Core Equity ETF
Expense ratio
0.03% · 0.00%
Category
SPXVBvsBKLCA
ProShares S&P 500 Ex-Health Care ETF · BNY Mellon US Large Cap Core Equity ETF
Expense ratio
0.09% · 0.00%
Category
SCHXAvsEPSA
Schwab U.S. Large-Cap ETF · WisdomTree U.S. LargeCap Fund
Expense ratio
0.03% · 0.08%
Category
SPXVBvsEPSA
ProShares S&P 500 Ex-Health Care ETF · WisdomTree U.S. LargeCap Fund
Expense ratio
0.09% · 0.08%
Category
SCHXAvsVVA
Schwab U.S. Large-Cap ETF · Vanguard Morningstar Large-Cap ETF
Expense ratio
0.03% · 0.03%
Category
SPXVBvsVVA
ProShares S&P 500 Ex-Health Care ETF · Vanguard Morningstar Large-Cap ETF
Expense ratio
0.09% · 0.03%
Category