What Is SCHB? Schwab U.S. Broad Market ETF
Last updated August 2026
Short answer
SCHB is the Schwab U.S. Broad Market ETF, a market-cap-weighted index fund that holds roughly the 2,500 largest U.S. companies and tracks the Dow Jones U.S. Broad Stock Market Index. Its top weights mirror the megacap leaders (Nvidia, Apple, Microsoft, Amazon, Alphabet), and it charges just 0.03% per year, putting it among the cheapest total-market funds available. It suits long-term investors who want one diversified, low-cost holding covering nearly the whole U.S. stock market. Its closest peer is Vanguard's VTI, which is functionally near-identical (same 0.03% fee, slightly broader holdings count), while Schwab's own SCHX is a large-cap-only alternative.
SCHB is issued by Schwab Asset Management and tracks Dow Jones U.S. Broad Stock Market Index. It charges a 0.03% expense ratio, holds approximately ~$43 billion in assets under management, yields about ~1.1%, and launched in November 2009.
What is SCHB?
SCHB is the Schwab U.S. Broad Market ETF, a market-cap-weighted index fund that holds roughly the 2,500 largest U.S. companies and tracks the Dow Jones U.S. Broad Stock Market Index. Its top weights mirror the megacap leaders (Nvidia, Apple, Microsoft, Amazon, Alphabet), and it charges just 0.03% per year, putting it among the cheapest total-market funds available. It suits long-term investors who want one diversified, low-cost holding covering nearly the whole U.S. stock market. Its closest peer is Vanguard's VTI, which is functionally near-identical (same 0.03% fee, slightly broader holdings count), while Schwab's own SCHX is a large-cap-only alternative.
SCHB is issued by Schwab Asset Management and tracks Dow Jones U.S. Broad Stock Market Index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
What does SCHB hold?
SCHB is weighted toward its largest constituents. As of early 2026, the top holdings are:
| Rank | Ticker | Company | % of SCHB | |
|---|---|---|---|---|
| 1 | NVDA | Nvidia | ~7% | |
| 2 | AAPL | Apple | ~6% | |
| 3 | MSFT | Microsoft | ~3.9% | |
| 4 | AMZN | Amazon | ~3.2% | |
| 5 | GOOGL | Alphabet | ~3% | |
| 6 | META | Meta Platforms | ~2.5% | |
| 7 | AVGO | Broadcom | ~2.3% | |
| 8 | TSLA | Tesla | ~1.6% | |
| 9 | BRK.B | Berkshire Hathaway | ~1.5% | |
| 10 | JPM | JPMorgan Chase | ~1.3% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
How do I invest in SCHB?
There are three common ways to get SCHB exposure. Buy shares (or fractional shares) of SCHB directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so SCHB sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. SCHB trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is SCHB a good buy?
Whether SCHB is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks Dow Jones U.S. Broad Stock Market Index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is SCHB a buy?
The bottom line on SCHB
SCHB delivers broad U.S. equity exposure at a 0.03% expense ratio, making it a low-cost core holding that closely tracks the overall market. It is nearly interchangeable with Vanguard's VTI, so the choice between them often comes down to which brokerage or fund family an investor already uses.
More on SCHB
Whether SCHB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is SCHB a buy?
SCHB yields ~1.1% as of early 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see SCHB dividend: yield and schedule.
New to funds like SCHB? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how SCHB fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in SCHB with AI
Connect the broker you already use and ask Walnut's AI how SCHB fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is SCHB?
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SCHB is the Schwab U.S. Broad Market ETF, a low-cost index fund from Charles Schwab that holds roughly the 2,500 largest publicly traded U.S. companies. It tracks the Dow Jones U.S. Broad Stock Market Index and is designed to give investors exposure to nearly the entire U.S. equity market in a single fund.
What is SCHB's expense ratio?
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SCHB has an expense ratio of 0.03%, which works out to about 30 cents per year on every $1,000 invested. That makes it one of the cheapest broad-market ETFs available and competitive with Vanguard's VTI.
What does SCHB hold?
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SCHB holds around 2,500 U.S. stocks spanning large, mid, and small caps, weighted by market capitalization. Its largest positions are the megacap technology names such as Nvidia, Apple, Microsoft, Amazon, and Alphabet, which together make up a meaningful share of the fund.
SCHB vs VTI: which is better?
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SCHB and Vanguard's VTI are nearly identical broad-market funds: both charge 0.03% and aim to track the total U.S. stock market. VTI holds more stocks (it includes a larger tail of micro-caps) while SCHB tracks the Dow Jones U.S. Broad Stock Market Index of roughly 2,500 names. Performance has been very close historically, so the decision often comes down to brokerage and fund-family preference.
Does SCHB pay a dividend?
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Yes. SCHB pays a dividend that is distributed quarterly, with a yield of roughly 1.1% in recent periods. The amount varies with the dividends paid by the underlying companies in the fund.
Is SCHB a good investment?
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Whether SCHB fits depends on your goals, time horizon, and risk tolerance. It is a diversified, very low-cost way to own nearly the entire U.S. stock market, which is why it is often used as a core long-term holding, but like any equity fund its value rises and falls with the market. Walnut is informational, not investment advice.
How many stocks does SCHB hold?
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SCHB holds roughly 2,500 U.S. companies, covering large-, mid-, and small-cap segments of the market. This makes it broader than an S&P 500 fund, which holds about 500 large-cap names.
When was SCHB launched and who manages it?
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SCHB was launched in November 2009 and is managed by Schwab Asset Management, the asset-management arm of Charles Schwab. The fund underwent a 3-for-1 share split effective October 2024, which lowered its per-share price without changing the value of an investor's stake.
How do I compare SCHB to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. SCHB's figures are above; the full method is in Walnut's guide on how to compare ETFs.
Guides that feature SCHB
SCHB is one of the names covered in these guides. Each one puts the fund next to its peers so you can see where it fits rather than judging it alone.
Related ETFs
Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to early 2026; verify current figures against Schwab Asset Management's fund page or your broker before investing.