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ETF comparison

SCHB vs SMLF

US Total Market vs Multi-Factor.

Schwab U.S. Broad Market ETF · iShares U.S. Small-Cap Equity Factor ETF

Holdings overlap

Weighted by ISIN/CUSIP
6.9 %

825 positions appear in both funds. Buying equal dollars of SCHB and SMLF would leave roughly 6.9% of each dollar exposed to the same underlying securities.

SCHB unmatched 93.0% Shared 6.9% SMLF unmatched 91.1%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SCHB only
1,580 positions
Shared
825 positions
In SMLF only
67 positions

Side by side

SCHB

Schwab U.S. Broad Market ETF

Schwab · US Total Market

91 composite / 100
Expense ratio
0.030%
Net assets
$44.43B
TTM yield
1.05%
Top-10 conc.
34.9%
SMLF

iShares U.S. Small-Cap Equity Factor ETF

iShares · Multi-Factor

87 composite / 100
Expense ratio
0.15%
Net assets
$4.04B
TTM yield
1.00%
Top-10 conc.
7.3%

Sub-score comparison

97
Cost
85
88
Tax efficiency
86
100
Liquidity
83
64
Concentration
100
—
Tracking quality
—
SCHB sub-score SMLF

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCHB is 12 bps cheaper than SMLF. On a $100,000 position that's about $120/yr more in fees for SMLF.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SCHB vs SMLF.

Top shared holdings

825 shared in total
# Holding In SCHB In SMLF Overlap
1 Flex Ltd 0.08% 0.78% 0.08%
2 Astera Labs Inc 0.06% 0.70% 0.06%
3 Interactive Brokers Group Inc 0.05% 0.83% 0.05%
4 Jabil Inc 0.05% 0.75% 0.05%
5 Credo Technology Group Holding Ltd 0.05% 0.51% 0.05%
6 EMCOR Group Inc 0.05% 0.95% 0.05%
7 Natera Inc 0.04% 0.62% 0.04%
8 Revolution Medicines Inc 0.04% 0.47% 0.04%
9 Tapestry Inc 0.04% 0.66% 0.04%
10 Casey's General Stores Inc 0.04% 0.32% 0.04%
11 AST SpaceMobile Inc 0.04% 0.19% 0.04%
12 Curtiss-Wright Corp 0.04% 0.42% 0.04%

Only in SCHB

1,580 total
  • NVIDIA Corp 7.02%
  • Apple Inc 6.26%
  • Microsoft Corp 4.57%
  • Amazon.com Inc 3.62%
  • Alphabet Inc 3.03%
  • Broadcom Inc 2.90%
  • Alphabet Inc 2.41%
  • Meta Platforms Inc 1.89%
  • Tesla Inc 1.68%
  • Micron Technology Inc 1.49%

Only in SMLF

67 total
  • DuPont de Nemours, Inc. 0.33%
  • XP, Inc. 0.26%
  • JFrog Ltd. 0.26%
  • Fedex Freight Holding Co., Inc. 0.21%
  • Hamilton Insurance Group Ltd. 0.20%
  • Bladex, Inc. 0.18%
  • Monday.com Ltd. 0.15%
  • Global-e Online Ltd. 0.12%
  • Wix.com Ltd. 0.12%
  • Alight, Inc. 0.12%

Percentages are holdings overlap with the named fund.

Open SCHB or SMLF at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.