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Which Is the Better Broad-Market ETF, Schwab's SCHB or State Street's SPTM?

fool.com·Jun 13, 2026

The Schwab U.S. Broad Market ETF (SCHB) and the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) both offer low expense ratios of 0.03% and similar one-year returns, but SCHB includes a broader range of 2,410 stocks compared to SPTM's 1,512, which may appeal to investors seeking greater small-cap exposure. However, SPTM has shown slightly better total returns and lower maximum drawdowns over five years, making it a stronger option for those focused on established firms.

For an investor deciding between the Schwab U.S. Broad Market ETF (SCHB) and the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM), consider that SPTM has demonstrated a slightly lower maximum drawdown over the past five years, indicative of marginally better risk management. Although both ETFs have similar one-year returns and expense ratios, SCHB offers greater liquidity with a larger AUM, which might be advantageous for minimizing trading costs due to tighter bid-ask spreads. Choose based on your preference for risk management versus liquidity needs.

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