SCHX US

SCHX ETF: A Guide to Schwab U.S. Large-Cap ETF

Last updated: 2026-10-03

Overview

The Schwab U.S. Large-Cap ETF (SCHX) offers Australian investors exposure to large U.S. companies in a single fund. Its low stated expense ratio is one feature; the portfolio’s substantial technology weighting and concentration in its largest holdings are equally important when considering what drives its market exposure.

Category

SCHX is a U.S. large-cap equity ETF focused on companies at the larger end of the American share market. Its portfolio spans multiple sectors, but technology accounts for the largest share, so its broad-company remit sits alongside a clear growth-and-technology influence.

Large-cap U.S. equity funds offer access to established companies across several sectors, but broad exposure does not mean equal exposure: the largest holdings can have a substantial influence on results. SCHX’s technology weighting and concentration among its biggest positions make that an important feature of its profile.

Key facts

Ticker
SCHX
Exchange
US
ISIN
US8085242019
Category / focus
Large Blend
Provider
Schwab ETFs
Domicile
United States
Currency
USD
Inception date
2009-11-03
Use of income
NA
UCITS
No
Holdings count
50

Costs

TER
0.03%
Net expense ratio
0.03%
AUM
74.7B

The stated expense ratio is 0.03%. Fund costs are one part of an investor’s overall experience; brokerage, currency conversion and tax considerations may also apply depending on the investor and platform.

 

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Performance

YTD
13.8%
1 year
17.9%
3 years
22.8%
5 years
12.6%
10 years
15.3%
Dividend yield
1.00%
Top 10 concentration
36.7%

Holdings

  1. NVIDIA Corporation7.89%
    Ticker
    NVDA
    Sector
    Technology
    Country
    United States

  2. Apple Inc.7.03%
    Ticker
    AAPL
    Sector
    Technology
    Country
    United States

  3. Microsoft Corporation5.38%
    Ticker
    MSFT
    Sector
    Technology
    Country
    United States

  4. Amazon.com Inc3.44%
    Ticker
    AMZN
    Sector
    Consumer Cyclical
    Country
    United States

  5. Alphabet Inc Class A2.86%
    Ticker
    GOOGL
    Sector
    Communication Services
    Country
    United States

  6. Broadcom Inc2.37%
    Ticker
    AVGO
    Sector
    Technology
    Country
    United States

  7. Alphabet Inc Class C2.30%
    Ticker
    GOOG
    Sector
    Communication Services
    Country
    United States

  8. Meta Platforms Inc.2.25%
    Ticker
    META
    Sector
    Communication Services
    Country
    United States

  9. Micron Technology Inc1.70%
    Ticker
    MU
    Sector
    Technology
    Country
    United States

  10. Tesla Inc1.44%
    Ticker
    TSLA
    Sector
    Consumer Cyclical
    Country
    United States

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The largest positions include NVIDIA, Apple and Microsoft, followed by Amazon, Alphabet, Broadcom, Meta and other major U.S. companies. The ten largest holdings account for 36.659% of the portfolio. Technology is the largest sector allocation at 39.482%, giving the fund a pronounced technology tilt despite its broad large-cap focus.

Regions

  • North America99.4%

  • Europe Developed0.3%

  • United Kingdom0.1%

  • Asia Emerging0.1%

  • Latin America0.1%

  • Japan0.0%

  • Australasia0.0%

  • Asia Developed0.0%

  • Europe Emerging0.0%

  • Africa/Middle East0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Asset allocation

  • Stock US99.1%

  • Stock non-US0.5%

  • Cash0.3%

  • Bond0.0%

  • Other0.0%

  • NotClassified0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

  • Technology39.5%

  • Financial Services11.3%

  • Communication Services9.6%

  • Healthcare9.4%

  • Consumer Cyclicals8.6%

  • Industrials8.5%

  • Consumer Defensive4.3%

  • Energy3.4%

  • Real Estate1.8%

  • Utilities1.8%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

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Risks

Who it may suit

SCHX may interest investors seeking broad exposure to large U.S. companies through one exchange-traded fund and who are comfortable with sizeable positions in leading technology firms. Australian investors should also consider that returns in Australian dollars can be affected by currency movements. This is general information, not personal investment advice.

Key risks

SCHX remains exposed to declines in U.S. share prices, and its substantial technology allocation and largest holdings can amplify the effect of setbacks among major companies. Sector and company weights can change. Australian investors also face currency risk: movements in the U.S. dollar relative to the Australian dollar may increase or reduce returns when measured in Australian dollars. Past returns do not predict future results.

FAQ

What does SCHX invest in?

SCHX provides exposure to large U.S. companies. Its portfolio is heavily weighted towards technology, with financial services, communication services and healthcare also represented.

What are SCHX’s main risks?

The fund is exposed to share-market falls and has meaningful concentration in large technology companies and its biggest holdings. For Australian investors, changes in the U.S. dollar against the Australian dollar can also affect returns in Australian-dollar terms.

Does SCHX pay income?

The supplied profile reports a dividend yield of 1%. That figure can change, and a reported yield does not guarantee future distributions.

*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.

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