The Schwab U.S. Large-Cap ETF (SCHX) remains a core holding for investors seeking broad exposure to the U.S. equity market. Representing the top 750 U.S. companies by market capitalization, SCHX is designed to mirror the performance of the overall U.S. economy, encompassing sectors such as big tech, banking, healthcare, energy, and consumer staples.
| Rank | Symbol | Company | % Weight |
|---|---|---|---|
| 1 | NVDA | NVIDIA Corporation | 7.54% |
| 2 | MSFT | Microsoft Corporation | 6.27% |
| 3 | AAPL | Apple Inc. | 6.24% |
| 4 | AMZN | Amazon.com, Inc. | 3.53% |
| 5 | AVGO | Broadcom Inc. | 2.60% |
| 6 | META | Meta Platforms, Inc. | 2.58% |
| 7 | GOOGL | Alphabet Inc. (Class A) | 2.34% |
| 8 | TSLA | Tesla, Inc. | 2.00% |
| 9 | GOOG | Alphabet Inc. (Class C) | 1.88% |
| 10 | BRK.B | Berkshire Hathaway Inc. | 1.49% |
| 11 | JPM | JPMorgan Chase & Co. | 1.38% |
| 12 | LLY | Eli Lilly and Company | 1.07% |
| 13 | V | Visa Inc. | 0.96% |
| 14 | NFLX | Netflix, Inc. | 0.81% |
| 15 | ORCL | Oracle Corporation | 0.78% |
| 16 | MA | Mastercard Incorporated | 0.78% |
| 17 | XOM | Exxon Mobil Corporation | 0.78% |
| 18 | JNJ | Johnson & Johnson | 0.73% |
| 19 | WMT | Walmart Inc. | 0.73% |
| 20 | PLTR | Palantir Technologies Inc. | 0.70% |
| 21 | ABBV | AbbVie Inc. | 0.68% |
| 22 | COST | Costco Wholesale Corporation | 0.66% |
| 23 | HD | The Home Depot, Inc. | 0.64% |
| 24 | PG | The Procter & Gamble Company | 0.58% |
| 25 | BAC | Bank of America Corporation | 0.56% |
In 2025, SCHX has posted a solid 14.4% year-to-date gain, reflecting both the resilience of U.S. corporate earnings and investor optimism around a potential soft landing. Mega-cap technology stocks remain major contributors, but financials, industrials, and healthcare have also provided steady support. Unlike more concentrated growth ETFs, SCHX captures both sides of the market: high-octane innovation and steady dividend payers, making it a true “all-in-one” U.S. stock fund.
What makes SCHX particularly compelling is its simplicity and cost efficiency. With a 0.03% expense ratio, it delivers instant diversification at a fraction of the cost of actively managed funds. For investors seeking a foundational ETF to anchor their portfolio, SCHX remains one of the most straightforward and practical tools for gaining exposure to U.S. large-cap equities.
1. NVIDIA (NVDA)
NVIDIA tops SCHX with a 7.5% weighting, underscoring its dominance in the era of artificial intelligence. The company’s GPUs are essential for training and deploying AI systems, powering data centers, cloud computing, and next-generation applications across industries. Its market capitalization now rivals some of the largest companies in history, and its performance has been the single biggest driver of SCHX’s returns this year.
NVIDIA’s growth story remains centered on AI and accelerated computing. Data-center revenue has exploded as demand for its H100 and upcoming Blackwell chips continues to exceed supply. Meanwhile, its software ecosystem, CUDA and AI enterprise services, is creating new recurring revenue streams that further solidify NVIDIA’s leadership.
For SCHX investors, NVIDIA represents the high-growth core of the U.S. market. It’s a volatile holding, but its innovation and profitability have made it the defining stock of this generation’s technology wave.
2. Microsoft (MSFT)
Microsoft, the second-largest holding in SCHX, accounts for 6.3% of assets. The company continues to deliver reliable growth through a mix of software, cloud, and AI integration. Azure remains one of the top-performing cloud platforms globally, while Office 365, Teams, and Dynamics drive recurring revenue from millions of enterprise customers.
In 2025, Microsoft’s integration of AI features across its software suite has boosted user engagement and pricing power. The company’s investment in OpenAI and deployment of Copilot within Office and Windows ecosystems have reinforced its status as an essential player in enterprise productivity and innovation. Its balance between stability and forward-looking innovation makes it a textbook example of large-cap strength.
For SCHX investors, Microsoft adds both defensive and offensive exposure, dependable cash flow, steady dividends, and leading positions in the technologies shaping the future of work.
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3. Apple (AAPL)
Apple, SCHX’s third-largest position at 6.2%, remains one of the most profitable companies in the world. While hardware growth has slowed, Apple’s services division, spanning iCloud, Apple Music, and App Store revenue, continues to expand margins and deepen customer loyalty.
This year, Apple’s strategy has focused on AI and reinforcing its ecosystem. The integration of generative AI into Siri and the expansion of Vision Pro AR devices show Apple’s intent to stay ahead in consumer tech. Meanwhile, consistent buybacks and dividends have returned hundreds of billions to shareholders, making Apple not just a growth story but also a reliable cash-flow generator.
For SCHX, Apple provides long-term balance, stable earnings, world-class brand strength, and a proven ability to adapt as technology evolves.
What SCHX Really Owns
The top three holdings, NVIDIA, Microsoft, and Apple, collectively make up about 20% of SCHX, reflecting the continued dominance of Big Tech in U.S. equity markets. Beyond these, the ETF’s diversification includes Amazon, Broadcom, Meta, Tesla, and Alphabet, ensuring exposure to every major driver of modern innovation.
However, SCHX also goes further, holding financial heavyweights such as JPMorgan and Berkshire Hathaway, healthcare leaders including Eli Lilly and Johnson & Johnson, and consumer giants like Walmart, Costco, and Procter & Gamble.
This mix provides SCHX with a steady balance between growth and value, enabling it to perform well in various market environments. The 14.4% YTD return demonstrates how broad-based large-cap exposure can deliver solid performance without the volatility of narrower thematic ETFs. For investors seeking simplicity and stability, SCHX remains a cornerstone of their portfolio.
Key Insights
- +14.4% YTD return, 19.5% CAGR over 0.75 years.
- Tracks the Dow Jones U.S. Large-Cap Total Stock Market Index.
- Top holdings: NVIDIA, Microsoft, Apple, Amazon, Broadcom.
- Covers over 750 large-cap U.S. stocks, balanced across growth and value.
- A 0.03% expense ratio, making it one of the most affordable large-cap ETFs on the market.
Why You Should Invest In SCHX
The Schwab U.S. Large-Cap ETF (SCHX) embodies core exposure, low costs, diversification, and consistently strong performance. With over 750 holdings spanning every major sector, it captures the strength and innovation of American enterprise. Its 19.5% CAGR highlights how large-cap U.S. companies continue to outperform in terms of earnings, innovation, and shareholder returns.
SCHX isn’t built to beat the market; it is the market. Whether you’re a new investor building a foundation or a seasoned one seeking efficiency, this ETF offers instant exposure to the U.S. economy’s most productive companies at virtually no cost.
As the U.S. economy steadies into late 2025, SCHX remains a reliable compass for investors navigating shifting interest rates and evolving tech trends. It’s the ETF equivalent of “buy America,” simple, effective, and built to last.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
