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ETF Comparisons

SCHB vs. SPY

Schwab U.S. Broad Market ETF

SCHB
$--
vs

SPDR S&P 500 ETF Trust

SPY
$--

Correlation

0.96

Compare with

Top 10 comparisons with SCHB:
Compare:
SCHB
Correlation
With:
SPY
SPDR S&P 500 ETF Trust
0.96
SwitchITOTBlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF1.00IWVBlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF1.00IWBBlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF1.00SCHKSchwab Strategic Trust - Schwab 1000 Index ETF1.00VTIVanguard Group, Inc. - Vanguard Total Stock Market ETF1.00SCHXSchwab Strategic Trust - Schwab U.S. Large-Cap ETF1.00IYYBlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF1.00DFUSDimensional ETF Trust - Dimensional U.S. Equity ETF1.00SPTMSPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF1.00ESGUiShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF1.00

Top 10 shared holdings

Invest with SCHB
Learn more about SPY
SCHBSchwab U.S. Broad Market ETF
SPYSPDR S&P 500 ETF Trust

What is SCHB?

The fund offers diversified exposure across large- and small-cap U.S. stocks. It seeks investment results that track performance before fees and expenses of the approximately 2500-stock Dow Jones U.S. Broad Stock Market Index?.

Snapshot
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SCHB Schwab U.S. Broad Market ETF
SPY SPDR S&P 500 ETF Trust
Inception date
Nov 03 2009
Jan 22 1993
Expense ratio
0.03%
0.09%
SCHB has a lower expense ratio than SPY by 0.06%. This can indicate that it’s cheaper to invest in SCHB than SPY.
Type
US Equities
US Equities
SCHB targets investing in US Equities, while SPY targets investing in US Equities.
Fund owner
Schwab
State Street (SPDR)
SCHB is managed by Schwab, while SPY is managed by State Street (SPDR).
Volume (1m avg. daily)
$35,304,784
$33,257,618,740
Both SCHB and SPY are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$22,376,795,984
$400,404,126,565
SCHB has more assets under management than SPY by $378,027,330,581. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Dow Jones U.S. Broad Stock Market Index
S&P 500 Index
SCHB is based off of the Dow Jones U.S. Broad Stock Market Index, while SPY is based off of the S&P 500 Index
Inverse/Leveraged
No
No
SCHB and SPY use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SCHB and SPY both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
SCHB and SPY may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
SPY may issue a K1, while SCHB does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.
SCHB and SPY’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
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Category

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Risk Rating

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Automated Strategies
Related toSPY

#DSS

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Category

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Risk Rating

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Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.