The choice between the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT:SPTM) and Schwab U.S. Broad Market ETF (NYSEMKT:SCHB) depends on whether an investor seeks exposure to 1,512 established firms or a broader basket of 2,410 companies.
Both funds serve as core building blocks for U.S. equity exposure. While SPTM tracks the S&P Composite 1500, SCHB follows the Dow Jones U.S. Broad Stock Market Index. They aim to capture the vast majority of the investable domestic market at the lowest possible cost for long-term investors.
Snapshot (cost & size)
|
Metric |
SPTM |
SCHB |
|---|---|---|
|
Issuer |
State Street |
Schwab |
|
Expense ratio |
0.03% |
0.03% |
|
1-yr return (as of June 8, 2026) |
24.9% |
24.9% |
|
Dividend yield |
1.04% |
1.01% |
|
Beta |
1.00 |
1.01 |
|
AUM |
$13.3 billion |
$42.4 billion |
Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
These ETFs are among the most affordable in the category, each charging an expense ratio of 0.03%. Both funds delivered identical one-year returns of 24.9% through June 8.
Performance & risk comparison
|
Metric |
SPTM |
SCHB |
|---|---|---|
|
Max drawdown (5 yr) |
(24.1%) |
(25.4%) |
|
Growth of $1,000 over 5 years (total return) |
$1,842 |
$1,787 |
What’s inside
The Schwab U.S. Broad Market ETF provides exposure to 2,410 stocks, reaching deeper into the small-cap segment than its counterpart. Its sector allocation is led by technology at 37%, financial services at 11%, and communication services at 10%. Its largest positions include Nvidia (NASDAQ:NVDA) at 6.99%, Apple (NASDAQ:AAPL) at 6.33%, and Microsoft (NASDAQ:MSFT) at 4.34%. This fund, launched in 2009, has a trailing-12-month dividend of $0.30 per share.
In contrast, the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF uses a more selective index of 1,512 companies, which results in slightly higher concentration in its largest positions. Its top holdings include Nvidia at 7.37%, Apple at 6.43%, and Microsoft at 4.44%. The portfolio tilts toward technology at 37%, financial services at 11%, and consumer cyclical at 10%. This fund was launched in 2000 and has paid $0.95 per share over the trailing 12 months.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investors
The Schwab U.S. Broad Market ETF (SCHB) and State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) are both compelling funds for investors who want exposure to the overall U.S. stock market. Choosing which to invest in is not straightforward given how they are so similar to each other.
