moneyheap
SCHX −0.34% on Nov 13 · Analysis updated Nov 13, 2026, 6:30 PM ET
Why is Schwab U.S. Large-Cap ETF (SCHX) stock down?
No news items or SEC filings were published for SCHX in the period, so this view rests only on price and volume. The ETF peaked at a 30.39 close on Oct 28 and was at 30.14 on Nov 4 before a 4.3% drop to 28.83 on Nov 5 on 34.9M shares, roughly twice the average of the prior sessions. The cause is still not identified in the data. Shares then recovered to 29.91 on Nov 11, but closed lower on Nov 12 (29.78) and Nov 13 (29.68), with Nov 13 closing below its VWAP of 29.59 only slightly. Volume has been light since Nov 11, averaging about 9.3M over the last three sessions versus roughly 13-15M in the week before the drop. The recovery has stalled about 1.6% below the Nov 4 close, and the data does not show whether the Nov 5 volume spike marks a lasting shift or a one-off shock. Broad large-cap exposure limits single-company risk, but no macro, earnings or sector event is reported to anchor a directional call.
About Schwab U.S. Large- Cap ETF
Schwab U.S. Large-Cap ETF is a passively managed index fund from Charles Schwab, launched in 2009, that holds roughly the 750 largest US-listed companies. It is one of the cheapest ways to own the broad US large-cap market, charging an expense ratio of about 0.03% and holding approximately $74 billion in assets.
How the fund works
It aims to track the Dow Jones U.S. Large-Cap Total Stock Market Index by owning all of the index's stocks, weighted by market value. Because of that weighting, the biggest tech companies such as NVIDIA and Apple carry the most weight, and the top 10 holdings make up roughly 37% of the fund. It pays dividends every quarter, with a yield of roughly 1%. There is no leverage. The main risks are that it rises and falls with the US stock market and that much of its value sits in a handful of mega-cap stocks.
What usually moves SCHX
- Overall US stock market direction
- Mega-cap tech and AI-related stocks
- Corporate earnings growth
- Interest rates and Federal Reserve policy
- US economic growth outlook