SCHX vs VOO
Schwab US Large-Cap ETF vs Vanguard S&P 500 ETF
Which is better, SCHX or VOO?
VOO has been ahead.
VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SCHX is less concentrated, with 36.5% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHX | VOO |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $74.0B | $1.0T |
| Dividend Yield | 1.00% | 1.04% |
| Holdings | 752 | 506 |
| YTD Return | +14.17% | +14.36%Best |
| 1Y Return | +16.14% | +16.70%Best |
| 3Y Return (annualized) | +23.23% | +23.34%Best |
| 5Y Return (annualized) | +13.34% | +13.93%Best |
| Volatility (annualized) | 14.2% | 14.1%Best |
| Max Drawdown | -34.3%Tie | -34.3%Tie |
| $10,000 over 5 years | $18,703 | $19,195Best |
| Top 10 Weight | 36.5%Best | 37.6% |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 3, 2009 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 5, 2026 (16.1 years).
SCHX vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
SCHX vs VOO Performance
Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SCHX returned +16.14% while VOO returned +16.70%. Year to date, SCHX is up 14.17% versus a gain of 14.36% for VOO.
Over three years, SCHX compounded at +23.23% per year against +23.34% for VOO; over five years the annualized figures are +13.34% and +13.93% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +13.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.3% for SCHX and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHX charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SCHX currently yields 1.00% against 1.04% for VOO.
Holdings Overlap
93.9% of SCHX's money is in holdings VOO also owns. 98.5% of VOO's money is in holdings SCHX also owns.
Most of VOO is already inside SCHX. Owning both mostly buys the same companies twice.
480 positions in common, counted across the 747 positions we hold weights for in SCHX and 494 in VOO, against full books of 752 and 506.
What only one of them owns
Our book lists 10 positions for VOO that do not appear in our book for SCHX (0.8% of the fund), and 241 for SCHX that do not appear in VOO (5.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SCHX | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.65% | 7.55% | 0.10% |
| AAPLApple, Inc | 7.06% | 7.05% | 0.01% |
| MSFTMicrosoft Corp | 5.32% | 5.36% | 0.04% |
| AMZNAmazon.Com Inc | 3.64% | 4.13% | 0.49% |
| GOOGLAlphabet Inc,class A | 2.87% | 3.24% | 0.37% |
| AVGOBroadcom Inc | 2.48% | 2.86% | 0.38% |
| GOOGAlphabet Inc. C | 2.29% | 2.62% | 0.33% |
| METAMeta Platforms Inc | 2.06% | 1.90% | 0.16% |
| MUMicron Technology, Inc. | 1.59% | 1.44% | 0.15% |
| TSLATesla Inc | 1.49% | 1.36% | 0.13% |
98.5% of VOO is already inside SCHX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHX or VOO?
SCHX has an expense ratio of 0.03% while VOO charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, SCHX or VOO?
Over the past year SCHX returned +16.14% vs +16.70% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SCHX annualized +13.39% vs +13.47% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHX or VOO?
SCHX has been the more volatile fund at 14.2% annualized versus 14.1% for VOO. Worst drawdown: SCHX -34.3% vs VOO -34.3%.
Should I hold both SCHX and VOO?
SCHX and VOO have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHX and VOO?
98.5% of VOO's money is in holdings SCHX also owns. 98.5% of VOO's is in holdings SCHX also owns. They hold 480 positions in common, counted across the 747 positions we hold weights for in SCHX and 494 in VOO.
Which pays a higher dividend, SCHX or VOO?
SCHX yields 1.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SCHX?
VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SCHX is less concentrated, with 36.5% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.