SCHX vs XOEF: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

iShares S&P 500 ex S&P 100 ETF

XOEFBNYSE Arca

Overlap

25.3%by weight

Expense ratio

SCHX −0.17pt a year

SCHX0.03%XOEF0.20%

Avg volume · 30D

SCHX 2539.2×the volume

SCHX10.3MXOEF4.04K

SCHX vs XOEF Performance

Nov 7, 2025 – Nov 9, 2026

+12.9%SCHX+19.7%XOEF

Expense ratio: SCHX 0.03%, better; XOEF 0.20%
Fund size: SCHX $71.4B; XOEF $22M
1Y total return: SCHX +12.9%; XOEF +19.7%, better
Yield (12M): SCHX 1.05%; XOEF 1.09%, better
Holdings: SCHX 752; XOEF 406
Avg volume (30D): SCHX 10.3M sh, better; XOEF 4.04K sh
NAV per share: SCHX $28.93; XOEF $29.12
52W range

ETF.net Grade

Pillar letters and Scores for SCHX, XOEF, with each pillar’s weight
Pillar	SCHX	XOEF
Cost30% weight	A91Higher	C50
Mission25% weight	A99Higher	A81
Risk15% weight	C46	B69Higher
Tradability15% weight	A89Higher	C46
Holdings10% weight	A70	A76Higher
Durability5% weight	A90Higher	D31

Rank among US Large-Cap funds

How we build Categories ›

Same Category. SCHX and XOEF 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 XOEF 13th 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 13BXOEFiShares S&P 500 ex S&P 100 ETFScore 61
Rank 14BFEXFirst Trust Large Cap Core AlphaDEX FundScore 60

Our read on each fund

ETF.net Research

SCHXASchwab U.S. Large-Cap ETF

XOEFBiShares S&P 500 ex S&P 100 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.

XOEF The S&P 500 with its 100 biggest members cut out. XOEF holds the index's remaining large caps at capped weights, turning mega-cap concentration from a fact of life into a dial you set yourself.

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.

XOEF The Fund seeks to track the S&P 500 ex-S&P 100 Select Index, which represents capped, large-capitalization U.S. equities in the S&P 500 Index after excluding S&P 100 constituents. It uses an indexing approach and representative sampling.

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.

XOEF Owns the S&P 500 minus the S&P 100: roughly 400 large caps, capped weights, no trillion-dollar name setting the tone.
iShares built it as a building block. Pair it with the iShares S&P 100 ETF and you can reassemble the S&P 500 at whatever mega-cap weight you choose.blackrock.com
Plain index plumbing: a published S&P index, representative sampling, quarterly distributions.

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.

XOEF At 0.20% it runs above the large-cap index median, and well above the 0.03% on broad core options like SCHX and VV.
A 2025 launch with a small asset base and light trading, so spreads can run wider than the household-name large-cap funds.
Cutting the 100 largest companies means this is a different market from the full S&P 500. Results separate any time mega caps move on their own.

Full SCHX profile⁠

Full XOEF profile⁠

SCHX vs XOEF Holdings

How SCHX and XOEF differ

Overlap by weight

25.3%

Shared holdings make up 99.7% of XOEF and 25.3% of SCHX.

Level by level

Sector29 Sectors20.8%
Holdings398 in both25.3%
Countryby domicile98.7%
Asset classStocks100%

Sector

Sector weights in SCHX and XOEF, widest gap first
Sector	Gap	SCHX	XOEF
Technology	SCHX +36.0 points	36.0%	0.0%
Capital Goods	XOEF +12.0 points	0.0%	12.0%
Health Care	SCHX +10.7 points	10.7%	0.0%
Communication	SCHX +8.5 points	8.5%	0.0%
Industrials	SCHX +8.4 points	8.4%	0.0%
Health Care Equipment & Services	XOEF +7.4 points	0.0%	7.4%
Insurance	XOEF +6.4 points	0.0%	6.4%
Consumer Discretionary	SCHX +6.3 points	9.6%	3.3%
Tech Hardware & Equip	XOEF +6.2 points	0.0%	6.2%
Software & Services	XOEF +5.4 points	0.0%	5.4%
Consumer Staples	SCHX +4.9 points	4.9%	0.0%
Semiconductors & Semiconductor Equipment	XOEF +4.5 points	0.0%	4.5%
Financials	SCHX +4.5 points	12.5%	8.0%
Pharma, Biotech & Life Sciences	XOEF +4.2 points	0.0%	4.2%
Real Estate	XOEF +4.2 points	2.0%	6.2%
Consumer Services	XOEF +3.7 points	0.0%	3.7%
Utilities	XOEF +3.6 points	2.1%	5.7%
Materials	XOEF +3.4 points	1.8%	5.2%
Commercial & Professional Services	XOEF +3.2 points	0.0%	3.2%
Transportation	XOEF +2.2 points	0.0%	2.2%
Energy	XOEF +2.2 points	3.6%	5.8%
Food Bevg Tobacco	XOEF +2.1 points	0.0%	2.1%
Banks	XOEF +1.9 points	0.0%	1.9%
Media & Entertainment	XOEF +1.7 points	0.0%	1.7%
Consumer Durables	XOEF +1.6 points	0.0%	1.6%
Consumer Staples Distribution & Retail	XOEF +1.3 points	0.0%	1.3%
Household & Personal Prod	XOEF +1.2 points	0.0%	1.2%
Autos & Components	XOEF +0.3 points	0.0%	0.3%
Real Estate Management & Development	XOEF +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in SCHX and XOEF, widest gap first
Country	Gap	SCHX	XOEF
United States	SCHX +1.2 points	99.4%	98.2%
Switzerland	XOEF +0.7 points	0.3%	1.0%
Other countries (5)	XOEF +0.5 points	0.3%	0.8%

Concentration

Weight in the 10 largest Holdings

SCHX35.6%
XOEF9.6%

Securities held

SCHX751
XOEF403

Asset class

SCHX: Stocks
XOEF: Stocks

Holdings

Only in SCHX353
In both398
Only in XOEF5

Only in SCHX

353 securities, 74.7% of SCHX by weight

Apple7.43%
NVIDIA6.72%
Microsoft5.86%
Amazon Com Inc3.79%
Alphabet Class A2.49%
Broadcom Inc2.08%
Alphabet Class C2.01%
Meta Platforms Class A2.00%
Eli Lilly1.61%
Berkshire Hathaway Inc Class B1.58%
Tesla Inc1.50%
JPMorgan Chase1.32%
Micron Technology1.16%
Advanced Micro Devices1.09%
Visa Class A1.07%
Exxonmobil Holdings Corp1.01%
Johnson & Johnson0.99%
Walmart0.83%
Mastercard Class A0.79%
AbbVie0.77%
Costco Wholesale Corp0.70%
Chevron0.63%
Procter & Gamble0.57%
Coca-Cola0.55%
Cisco Systems Inc0.55%
Palantir Technologies Class A0.55%
Merck & Co Inc0.54%
UnitedHealth Group0.53%
Home Depot0.51%
Ge Aerospace0.50%
Bank of America0.48%
Philip Morris International0.46%
Intel Corporation Corp0.42%
Netflix0.39%
Applied Material Inc0.39%
Thermo Fisher Scientific0.38%
Caterpillar Inc0.38%
Palo Alto Networks0.38%
Rtx0.38%
Wells Fargo0.38%
Texas Instrument0.38%
Goldman Sachs Group0.38%
Lam Research0.37%
Amgen Inc0.37%
Linde PLC0.35%
International Business Machines Co0.34%
Oracle0.34%
Morgan Stanley0.32%
Gilead Sciences0.31%
Ge Vernova0.31%

Only in XOEF

5 securities, 0.2% of XOEF by weight

Fox Class B0.05%
A O Smith0.04%
Mosaic0.04%
News Class B0.02%
Hologic Inc0.00%

Weight gaps

The 100 widest of 398 Holdings in both funds.

Holding weights in SCHX and XOEF, widest gap first
Holding	Gap	SCHX	XOEF
Crowdstrike Holdings Class ACRWD	XOEF +0.97 points	0.33%	1.30%
Amphenol Corp Class AAPH	XOEF +0.81 points	0.27%	1.08%
KlaKLAC	XOEF +0.79 points	0.27%	1.06%
Analog DevicesADI	XOEF +0.78 points	0.26%	1.04%
WelltowerWELL	XOEF +0.78 points	0.26%	1.04%
TjxTJX	XOEF +0.66 points	0.22%	0.88%
S&P GlobalSPGI	XOEF +0.62 points	0.21%	0.83%
Vertex PharmaceuticalsVRTX	XOEF +0.61 points	0.21%	0.82%
Eaton PLCETN	XOEF +0.58 points	0.20%	0.78%
ProgressivePGR	XOEF +0.58 points	0.20%	0.78%
ChubbCB	XOEF +0.57 points	0.19%	0.76%
NewmontNEM	XOEF +0.56 points	0.19%	0.75%
Mckesson CorpMCK	XOEF +0.55 points	0.18%	0.73%
Marvell TechnologyMRVL	XOEF +0.55 points	0.18%	0.73%
Prologis ReitPLD	XOEF +0.53 points	0.18%	0.71%
Automatic Data Processing IncADP	XOEF +0.53 points	0.18%	0.71%
Parker-HannifinPH	XOEF +0.51 points	0.17%	0.68%
StrykerSYK	XOEF +0.50 points	0.17%	0.67%
Cme Group Class ACME	XOEF +0.49 points	0.16%	0.65%
Applovin Class AAPP	XOEF +0.47 points	0.16%	0.63%
Marathon PetroleumMPC	XOEF +0.45 points	0.16%	0.61%
Seagate Technology Holdings PLCSTX	XOEF +0.45 points	0.16%	0.61%
Equinix ReitEQIX	XOEF +0.44 points	0.15%	0.59%
Valero Energy CorpVLO	XOEF +0.44 points	0.15%	0.59%
PhillipsPSX	XOEF +0.43 points	0.15%	0.58%
MarshMRSH	XOEF +0.43 points	0.15%	0.58%
Intercontinental ExchangeICE	XOEF +0.43 points	0.14%	0.57%
Western Digital CorpWDC	XOEF +0.42 points	0.14%	0.56%
ModernaMRNA	XOEF +0.42 points	0.14%	0.56%
Elevance Health IncELV	XOEF +0.40 points	0.14%	0.54%
CsxCSX	XOEF +0.40 points	0.14%	0.54%
Pnc Financial Services GroupPNC	XOEF +0.40 points	0.13%	0.53%
BlackstoneBX	XOEF +0.40 points	0.13%	0.53%
Marriott International Class AMAR	XOEF +0.40 points	0.13%	0.53%
Regeneron PharmaceuticalsREGN	XOEF +0.39 points	0.13%	0.52%
Trane Technologies PLCTT	XOEF +0.39 points	0.13%	0.52%
Waste Management IncWM	XOEF +0.39 points	0.13%	0.52%
Cadence Design SystemsCDNS	XOEF +0.39 points	0.13%	0.52%
SynopsysSNPS	XOEF +0.38 points	0.13%	0.51%
Freeport Mcmoran IncFCX	XOEF +0.37 points	0.13%	0.50%
Motorola Solutions IncMSI	XOEF +0.37 points	0.13%	0.50%
CorningGLW	XOEF +0.36 points	0.13%	0.49%
Hilton Worldwide HoldingsHLT	XOEF +0.37 points	0.12%	0.49%
Travelers CompaniesTRV	XOEF +0.37 points	0.12%	0.49%
Constellation Energy CorpCEG	XOEF +0.37 points	0.12%	0.49%
Howmet AerospaceHWM	XOEF +0.36 points	0.12%	0.48%
Johnson Controls International PLCJCI	XOEF +0.36 points	0.12%	0.48%
Quanta Services IncPWR	XOEF +0.36 points	0.12%	0.48%
Royal Caribbean GroupRCL	XOEF +0.36 points	0.12%	0.48%
Airbnb Class AABNB	XOEF +0.35 points	0.12%	0.47%
WilliamsWMB	XOEF +0.34 points	0.12%	0.46%
Sherwin WilliamsSHW	XOEF +0.34 points	0.12%	0.46%
CignaCI	XOEF +0.34 points	0.12%	0.46%
Colgate-PalmoliveCL	XOEF +0.34 points	0.11%	0.45%
Eog ResourcesEOG	XOEF +0.33 points	0.12%	0.45%
EcolabECL	XOEF +0.34 points	0.11%	0.45%
CintasCTAS	XOEF +0.34 points	0.11%	0.45%
MoodysMCO	XOEF +0.33 points	0.11%	0.44%
Simon Property Group Reit IncSPG	XOEF +0.33 points	0.11%	0.44%
SlbSLB	XOEF +0.33 points	0.11%	0.44%
Ross Stores IncROST	XOEF +0.32 points	0.11%	0.43%
FortinetFTNT	XOEF +0.32 points	0.11%	0.43%
O Reilly AutomotiveORLY	XOEF +0.32 points	0.11%	0.43%
Arthur J GallagherAJG	XOEF +0.32 points	0.11%	0.43%
Hca HealthcareHCA	XOEF +0.32 points	0.11%	0.43%
Illinois Tool IncITW	XOEF +0.32 points	0.11%	0.43%
Norfolk Southern CorpNSC	XOEF +0.31 points	0.11%	0.42%
Target CorpTGT	XOEF +0.31 points	0.11%	0.42%
Aon PLC Class AAON	XOEF +0.31 points	0.11%	0.42%
Vertiv Holdings Class AVRT	XOEF +0.30 points	0.10%	0.41%
Northrop Grumman CorpNOC	XOEF +0.31 points	0.10%	0.41%
Honeywell International Inc When IHON	XOEF +0.31 points	0.10%	0.41%
American Electric Power IncAEP	XOEF +0.31 points	0.10%	0.41%
Air Products and ChemicalsAPD	XOEF +0.30 points	0.10%	0.40%
Doordash Class ADASH	XOEF +0.30 points	0.10%	0.40%
Kkr and Co IncKKR	XOEF +0.29 points	0.10%	0.39%
Transdigm GroupTDG	XOEF +0.29 points	0.10%	0.39%
Kimberly ClarkKMB	XOEF +0.29 points	0.10%	0.39%
Monster BeverageMNST	XOEF +0.29 points	0.10%	0.39%
United RentalsURI	XOEF +0.29 points	0.10%	0.39%
Allstate CorpALL	XOEF +0.28 points	0.10%	0.38%
Robinhood Markets Class AHOOD	XOEF +0.28 points	0.10%	0.38%
CencoraCOR	XOEF +0.28 points	0.10%	0.38%
Cardinal HealthCAH	XOEF +0.28 points	0.09%	0.37%
Nxp Semiconductors NVNXPI	XOEF +0.28 points	0.09%	0.37%
Crh Public Limited PLCCRH	XOEF +0.28 points	0.09%	0.37%
Boston ScientificBSX	XOEF +0.28 points	0.09%	0.37%
Cummins IncCMI	XOEF +0.27 points	0.09%	0.36%
Ww Grainger IncGWW	XOEF +0.27 points	0.09%	0.36%
Digital Realty Trust ReitDLR	XOEF +0.27 points	0.09%	0.36%
Dominion EnergyD	XOEF +0.27 points	0.09%	0.36%
Truist FinancialTFC	XOEF +0.27 points	0.09%	0.36%
FastenalFAST	XOEF +0.27 points	0.09%	0.36%
Datadog Inc Class ADDOG	XOEF +0.26 points	0.09%	0.35%
Te Connectivity PLCTEL	XOEF +0.26 points	0.09%	0.35%
Hewlett Packard EnterpriseHPE	XOEF +0.26 points	0.09%	0.35%
Kinder MorganKMI	XOEF +0.26 points	0.09%	0.35%
Edwards LifesciencesEW	XOEF +0.25 points	0.09%	0.34%
Monolithic Power Systems IncMPWR	XOEF +0.25 points	0.09%	0.34%
Becton DickinsonBDX	XOEF +0.25 points	0.09%	0.34%

All 753 SCHX holdings⁠All 403 XOEF 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 XOEF Cost

Overpaying XOEF vs SCHX

$3,517

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

SCHX 0.03%
$638
XOEF 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

SCHX 0.03%
XOEF 0.20%
Overpaying

Year by year

Year	SCHX	XOEF	Overpaying
10	$55	$365	$310
20	$216	$1,421	$1,205
30	$638	$4,155	$3,517

Expense ratio

0.03%SCHX, cheaper
0.20%XOEF

SCHX0.03%XOEF0.20%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

XOEF 15th cheapest of 29 funds

SCHX vs XOEF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): SCHX 1.05%; XOEF 1.09%, better
Payout (12M): SCHX $0.31; XOEF $0.33
Last payment: SCHX $0.08; XOEF $0.09
Ex-dividend: SCHX Sep 23, 2026; XOEF Sep 15, 2026
Paid on: SCHX Sep 28, 2026; XOEF Sep 18, 2026
Frequency: SCHX Quarterly; XOEF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

XOEFQuarterly · 5 paymentsAll XOEF payments⁠

SCHX vs XOEF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCHX 12.5%XOEF 11.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years: SCHX 1.40XOEF 1.13since Aug 2025
Worst fallMax drawdown, 5 years: SCHX −25.4%XOEF −7.7%since Jul 2025
Market sensitivityBeta, 5 years: SCHX 1.01XOEF 0.63; Market = 1

SCHX and XOEF in the news

All news⁠

Head-to-Head
SCHX is the one fund, unless you want SCHG's growth bet
Nov 5, 2026SCHX
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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SCHX vs XOEF

In short

Stated mandate

Why people hold it

Worth knowing

How SCHX and XOEF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHX

Only in XOEF

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

SCHX is the one fund, unless you want SCHG's growth bet

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How SCHX and XOEF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHX

Only in XOEF

Weight gaps