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ITOT and SCHB offer near-identical broad U.S. stock exposure
Both ETFs charge the same 0.03% expense ratio and hold roughly the same slice of the market, 2,448 and 2,384 stocks respectively.
The iShares Core S&P Total U.S. Stock Market ETF (ITOT) and the Schwab U.S. Broad Market ETF (SCHB) are designed to provide one-ticker exposure to the entire investable U.S. equity market, and their results are described as nearly indistinguishable despite tracking slightly different benchmarks, according to The Motley Fool via Yahoo Finance.
Both funds target broad, diversified holdings across large-, mid-, and small-cap companies, with similar sector weightings. The article lists Technology at 35% for ITOT versus 37% for SCHB, and Healthcare at 10% for both, alongside Financial Services at 13% for ITOT versus 12% for SCHB.
On scale and returns, ITOT holds 2,448 holdings and SCHB holds 2,384 stocks, with top positions including Nvidia, Apple, and Microsoft at similar weights for each fund. The source also notes both ETFs currently offer about a 1% trailing yield, with ITOT’s trailing-12-month distribution $1.65 per share on a recent share price near $170.7 and SCHB’s $0.30 per share on a recent share price near $30.1.
Cost is presented as effectively equal in the comparison, with both ETFs carrying a 0.03% expense ratio, and their fund histories starting in 2004 for ITOT and 2009 for SCHB.