What Is SCHX? Schwab U.S. Large-Cap ETF

SCHX is Schwab U.S. Large-Cap ETF, an ETF that tracks Dow Jones US Large-Cap Total Stock Market Index at a 0.03% expense ratio. Tracks a broad large-cap US index of roughly the biggest 750 companies, wider than the S&P 500 but with near-identical top holdings and return profile. At 0.03% it is Schwab's core large-cap building block, comparable to VOO or ITOT.

SCHX is issued by Schwab Asset Management and tracks Dow Jones US Large-Cap Total 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.

SCHX is weighted toward its largest constituents. As of mid-2026, the top holdings are:

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.

There are three common ways to get SCHX exposure. Buy shares (or fractional shares) of SCHX 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 SCHX sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. SCHX 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.

Whether SCHX 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 US Large-Cap Total 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 SCHX a buy?

SCHX gives you Dow Jones US Large-Cap Total Stock Market Index exposure in one ticker at a 0.03% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.

Whether SCHX 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 SCHX a buy?

SCHX yields ~1.00% as of mid-2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see SCHX dividend: yield and schedule.

SCHX tracks a slightly broader large-cap universe (around 750 names) while VOO tracks the S&P 500's 500, but top holdings and returns are nearly identical at the same 0.03% fee. SCHX is Schwab's core large-cap fund; VOO is Vanguard's. Functionally interchangeable. Read the full side-by-side in SCHX vs VOO.

New to funds like SCHX? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.