# SCHX alternatives: 8 similar ETFs compared

> ETFs similar to SCHX, closest first, with each fund's fee, what it tracks, and returns and worst drops on the same dates as SCHX. Updated daily.

The ETFs most like SCHX are VV, IWB and DIA. VV, IWB and DIA hold the biggest US companies, weighted by size, like SCHX.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- 8 funds can stand in for SCHX: 3 of the same kind and 5 related funds.
- SCHX charges 0.03% a year (about $3 on $10,000). The cheapest alternative here, SPYM, charges 0.02%.
- VV moved most like SCHX: a daily correlation of 1.00 over about the last five years.
- Returns and drops for each pair use the same dates for both funds.

## SCHX alternatives at a glance

Each fund below can stand in for SCHX, closest first. "Same kind" funds hold the same kind of stocks through a different index. "Related" funds make a different bet that often moves the same way.

| ETF | How close | Yearly fee | Fee on $10,000 | Tracks |
| --- | --- | --- | --- | --- |
| **SCHX** | This fund | 0.03% | $3 | Dow Jones U.S. Large-Cap Total Stock Market Index |
| [VV](https://tactfolio.com/etf/vv.md) | Same kind of fund | 0.03% | $3 | Morningstar US Large Cap Index |
| [IWB](https://tactfolio.com/etf/iwb.md) | Same kind of fund | 0.15% | $15 | Russell 1000 Index |
| [DIA](https://tactfolio.com/etf/dia.md) | Same kind of fund | 0.16% | $16 | Dow Jones Industrial Average |
| [SPYM](https://tactfolio.com/etf/spym.md) | Related fund | 0.02% | $2 | S&P 500 Index |
| [IVV](https://tactfolio.com/etf/ivv.md) | Related fund | 0.03% | $3 | S&P 500 Index |
| [VOO](https://tactfolio.com/etf/voo.md) | Related fund | 0.03% | $3 | S&P 500 Index |
| [SPY](https://tactfolio.com/etf/spy.md) | Related fund | 0.0945% | $9.45 | S&P 500 Index |
| [ITOT](https://tactfolio.com/etf/itot.md) | Related fund | 0.03% | $3 | S&P Total Market Index (TMI) |

Fees come from each fund company, checked on the dates shown on each fund's page.

## How SCHX and its alternatives did over the same dates

Each row measures the alternative and SCHX on the days both traded, so neither gets a head start. Correlation shows how closely their daily moves matched over about the last five years. A value of 1 means they always moved together.

| ETF | Moves with SCHX | Per year | SCHX per year | Worst drop | SCHX worst drop | Since |
| --- | --- | --- | --- | --- | --- | --- |
| [VV](https://tactfolio.com/etf/vv.md) | 1.00 | 14.5% | 14.4% | −34.3% | −34.3% | November 2009 |
| [IWB](https://tactfolio.com/etf/iwb.md) | 1.00 | 14.3% | 14.4% | −34.6% | −34.3% | November 2009 |
| [DIA](https://tactfolio.com/etf/dia.md) | 0.91 | 12.7% | 14.4% | −36.7% | −34.3% | November 2009 |
| [SPYM](https://tactfolio.com/etf/spym.md) | 1.00 | 14.6% | 14.4% | −33.9% | −34.3% | November 2009 |
| [IVV](https://tactfolio.com/etf/ivv.md) | 1.00 | 14.5% | 14.4% | −33.9% | −34.3% | November 2009 |
| [VOO](https://tactfolio.com/etf/voo.md) | 1.00 | 14.8% | 14.6% | −34.0% | −34.3% | September 2010 |
| [SPY](https://tactfolio.com/etf/spy.md) | 1.00 | 14.4% | 14.4% | −33.7% | −34.3% | November 2009 |
| [ITOT](https://tactfolio.com/etf/itot.md) | 1.00 | 14.2% | 14.4% | −35.0% | −34.3% | November 2009 |

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## Each SCHX alternative, compared

### VV: Vanguard Morningstar Large-Cap ETF

VV also holds the biggest US companies, weighted by size. It tracks the Morningstar US Large Cap Index, while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index.

It charges 0.03% a year, about $3 on $10,000, against $3 for SCHX. It held 421 stocks, against 749 for SCHX.

From November 2009 to October 2026, VV returned about 14.5% a year and SCHX returned about 14.4% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [VV fund page](https://tactfolio.com/etf/vv.md) for its returns by year and worst drop.

### IWB: iShares Russell 1000 ETF

IWB also holds the biggest US companies, weighted by size. It tracks the Russell 1000 Index, while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index.

It charges 0.15% a year, about $15 on $10,000, against $3 for SCHX. It held 1,023 stocks, against 749 for SCHX.

From November 2009 to October 2026, IWB returned about 14.3% a year and SCHX returned about 14.4% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [IWB fund page](https://tactfolio.com/etf/iwb.md) for its returns by year and worst drop.

### DIA: State Street SPDR Dow Jones Industrial Average ETF Trust

DIA also holds the biggest US companies, weighted by size. It tracks the Dow Jones Industrial Average, while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index.

It charges 0.16% a year, about $16 on $10,000, against $3 for SCHX. It held 30 stocks, against 749 for SCHX.

From November 2009 to October 2026, DIA returned about 12.7% a year and SCHX returned about 14.4% a year. Over about the last five years they moved together on most days (correlation 0.91).

Read the [DIA fund page](https://tactfolio.com/etf/dia.md) for its returns by year and worst drop.

### SPYM: State Street SPDR Portfolio S&P 500 ETF

SPYM is a looser match. It holds about 500 large US companies in the S&P 500, while SCHX holds the biggest US companies, weighted by size.

It charges 0.02% a year, about $2 on $10,000, against $3 for SCHX. It held 505 stocks, against 749 for SCHX.

From November 2009 to October 2026, SPYM returned about 14.6% a year and SCHX returned about 14.4% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [SPYM fund page](https://tactfolio.com/etf/spym.md) for its returns by year and worst drop.

### IVV: iShares Core S&P 500 ETF

IVV is a looser match. It holds about 500 large US companies in the S&P 500, while SCHX holds the biggest US companies, weighted by size.

It charges 0.03% a year, about $3 on $10,000, against $3 for SCHX. It held 505 stocks, against 749 for SCHX.

From November 2009 to October 2026, IVV returned about 14.5% a year and SCHX returned about 14.4% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [IVV fund page](https://tactfolio.com/etf/ivv.md) for its returns by year and worst drop.

### VOO: Vanguard S&P 500 ETF

VOO is a looser match. It holds about 500 large US companies in the S&P 500, while SCHX holds the biggest US companies, weighted by size.

It charges 0.03% a year, about $3 on $10,000, against $3 for SCHX. It held 505 stocks, against 749 for SCHX.

From September 2010 to October 2026, VOO returned about 14.8% a year and SCHX returned about 14.6% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [VOO fund page](https://tactfolio.com/etf/voo.md) for its returns by year and worst drop.

### SPY: State Street SPDR S&P 500 ETF Trust

SPY is a looser match. It holds about 500 large US companies in the S&P 500, while SCHX holds the biggest US companies, weighted by size.

It charges 0.0945% a year, about $9.45 on $10,000, against $3 for SCHX. It held 504 stocks, against 749 for SCHX.

From November 2009 to October 2026, SPY returned about 14.4% a year and SCHX returned about 14.4% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [SPY fund page](https://tactfolio.com/etf/spy.md) for its returns by year and worst drop.

### ITOT: iShares Core S&P Total U.S. Stock Market ETF

ITOT is a looser match. It holds nearly every US stock, big and small, in one fund, while SCHX holds the biggest US companies, weighted by size.

It charges 0.03% a year, about $3 on $10,000, against $3 for SCHX. It held 2,446 stocks, against 749 for SCHX.

From November 2009 to October 2026, ITOT returned about 14.2% a year and SCHX returned about 14.4% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the [ITOT fund page](https://tactfolio.com/etf/itot.md) for its returns by year and worst drop.

## SCHX versions from other fund companies

Some people keep all their funds with one company. Here is the closest fund to SCHX from each other company on this page:

- **Vanguard:** [VV](https://tactfolio.com/etf/vv.md), Vanguard Morningstar Large-Cap ETF (same kind of fund, 0.03% a year)
- **iShares (BlackRock):** [IWB](https://tactfolio.com/etf/iwb.md), iShares Russell 1000 ETF (same kind of fund, 0.15% a year)
- **SPDR (State Street):** [DIA](https://tactfolio.com/etf/dia.md), State Street SPDR Dow Jones Industrial Average ETF Trust (same kind of fund, 0.16% a year)

Most brokers let you buy any ETF, whoever runs it. Mutual fund versions, such as a fund company's index mutual fund, are not listed here.

## How to choose between SCHX and its alternatives

- **What it tracks.** A fund on the same index holds the same stocks. A different index can mean different weights, more or fewer holdings, or a different mix.
- **The fee.** The difference is often small. On $10,000, SCHX costs about $3 a year. SPYM costs about $2.
- **History.** An older fund has been through more bad markets, so you can see how far it fell.
- **What you already own.** Two funds that move together add little variety. A fund with a low correlation behaves more on its own.

## Swapping SCHX to harvest a tax loss

Some investors sell a fund at a loss to lower their taxes, then buy a similar fund so they stay invested. This is called tax-loss harvesting.

The IRS wash sale rule blocks the loss if you buy a "substantially identical" security within 30 days before or after the sale. The IRS has not said exactly when two funds count. Funds on the same index are more likely to. Funds on a different index, such as VV, IWB or DIA, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in [Publication 550](https://www.irs.gov/publications/p550).

## Test SCHX and its alternatives in a backtest

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add SCHX and VV, and see how each would have done on the same dates, or how a mix of both would have done.

## The details

Alternatives are picked from facts, not from returns. First come funds that track the same index as SCHX. Then come funds that hold the same kind of stocks through another index. Last come funds from a close category that make a different bet. Leveraged funds are only listed as alternatives to other leveraged funds.

Within each group, the funds whose daily returns moved most like SCHX over about the last five years come first. Returns and worst drops use Tactfolio's stored daily prices, adjusted for splits, with dividends reinvested. Each alternative is measured with SCHX only on days both traded. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What ETF is most similar to SCHX?

VV is the closest. VV also holds the biggest US companies, weighted by size. It tracks the Morningstar US Large Cap Index, while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Over about the last five years they moved almost exactly together.

### Is there a cheaper alternative to SCHX?

Yes. SPYM charges 0.02% a year, against 0.03% for SCHX. On $10,000 that is about $2 a year instead of $3.

### Is SCHX or VV better?

Neither is better for everyone. From November 2009 to October 2026, SCHX returned about 14.4% a year and VV returned about 14.5% a year. SCHX charges 0.03% a year and VV charges 0.03%. Past returns do not tell you what comes next.

### What if I had put $10,000 in SCHX 10 years ago?

It would have grown to about $41,632 by October 16, 2026, with dividends reinvested. That is about 15.3% a year. Past returns do not tell you what comes next.

## Sources

- [Schwab: Schwab U.S. Large-Cap ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000110465926020690/tm266454-2_497k.htm)
- [Vanguard: Vanguard Morningstar Large-Cap ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vv)
- [iShares (BlackRock): iShares Russell 1000 ETF fund page](https://www.ishares.com/us/products/239707/ishares-russell-1000-etf)
- [SPDR (State Street): State Street SPDR Dow Jones Industrial Average ETF Trust fund page](https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-dow-jones-industrial-average-etf-trust-dia)
- [SPDR (State Street): State Street SPDR Portfolio S&P 500 ETF fund page](https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-portfolio-sp-500-etf-spym)
- [iShares (BlackRock): iShares Core S&P 500 ETF fund page](https://www.ishares.com/us/products/239726/ishares-core-s-p-500-etf)
- [Vanguard: Vanguard S&P 500 ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/voo)
- [SPDR (State Street): State Street SPDR S&P 500 ETF Trust fund page](https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-sp-500-etf-trust-spy)
- [iShares (BlackRock): iShares Core S&P Total U.S. Stock Market ETF fund page](https://www.ishares.com/us/products/239724/ishares-core-s-p-total-u-s-stock-market-etf)
- [IRS Publication 550: wash sales](https://www.irs.gov/publications/p550)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.