In late 2009, Charles Schwab Investment Management forayed into the exchange traded fund market by unveiling some of the lowest cost, if not the lowest cost index ETFs in various slices of the market including U.S. large, mid, and small-cap equity, U.S. REITs, fixed income, and international and emerging markets equities.
How has the fund sponsor done so far? Today we specifically look at the U.S. large, mid and small-cap equity spaces.
Schwab U.S. Large-Cap ETF (NYSEArca: SCHX) has returned 25.1% since inception compared to iShares S&P 500 (NYSEArca: IVV) and SPDR S&P 500 ETF (NYSEArca: SPY) both returning 22.9%.
SCHX also undercuts both IVV and SPY from an expense ratio standpoint, coming in at 8 basis points (0.08%) versus 9 basis points apiece for IVV and SPY.