SCHA vs SPSM
Schwab U.S. Small-Cap ETF vs State Street SPDR Portfolio S&P 600 Small Cap ETF
Last updated: 2026-04-02
Schwab U.S. Small-Cap ETF (SCHA) is an exchange-traded fund issued by Schwab that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.16%. Launched in 2009, the fund has a 17-year track record.
State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.58%. Launched in 2013, the fund has a 13-year track record.
Quick Verdict
Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. Over the past year, SCHA has significantly outperformed with a 25.0% return vs 18.9%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 10 holdings overlap (0% overlap in top holdings)
SCHA Top Holdings
| Name | Weight |
|---|---|
| Sandisk CorporationSNDK | 2.27% |
| Lumentum Holdings Inc.LITE | 1.25% |
| ATI Inc.ATI | 0.48% |
| Nextpower Inc.NXT | 0.44% |
| Coeur Mining, Inc.CDE | 0.44% |
| Revolution Medicines, Inc.RVMD | 0.42% |
| EchoStar CorporationSATS | 0.39% |
| MKS Inc.MKSI | 0.37% |
| MACOM Technology Solutions Holdings, Inc.MTSI | 0.36% |
| The New York Times CompanyNYT | 0.33% |
SPSM Top Holdings
| Name | Weight |
|---|---|
| Eastman Chemical CompanyEMN | 0.57% |
| Element Solutions IncESI | 0.51% |
| Primoris Services CorporationPRIM | 0.51% |
| Viavi Solutions Inc.VIAV | 0.50% |
| Argan, Inc.AGX | 0.49% |
| FormFactor, Inc.FORM | 0.49% |
| LKQ CorporationLKQ | 0.49% |
| Jackson Financial Inc.JXN | 0.49% |
| ESCO Technologies Inc.ESE | 0.48% |
| Match Group, Inc.MTCH | 0.47% |
Which One Should You Choose?
Choose SCHA if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose SPSM if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us small cap exposure. Both are solid options — pick whichever your brokerage offers commission-free.