ETF Versus

SCHD vs SCHG

Schwab U.S. Dividend Equity ETF vs Schwab U.S. Large-Cap Growth ETF

Last updated: 2026-04-02

SCHD Schwab

Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund issued by Schwab that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 3.46%. Launched in 2011, the fund has a 15-year track record.

AUM: $83.9B ER: 0.06% Yield: 3.46% Since: Oct 20, 2011
SCHG Schwab

Schwab U.S. Large-Cap Growth ETF (SCHG) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.43%. Launched in 2009, the fund has a 17-year track record.

AUM: $46.7B ER: 0.04% Yield: 0.43% Since: Dec 11, 2009

Quick Verdict

SCHG has a slightly lower expense ratio (0.04% vs 0.06%), saving about $40 per $10,000 over 10 years. Over the past year, SCHG has significantly outperformed with a 16.5% return vs 9.5%. Income investors may prefer SCHD for its higher yield (3.5% vs 0.4%).

Key Metrics

Metric SCHD SCHG
Expense Ratio 0.06% 0.04%
Dividend Yield 3.5% 0.4%
Fund Family Schwab Schwab
Category US Dividend US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

80 104 128 152 176 200 2021-04 2022-06 2023-09 2024-12 2026-04
SCHD +23.3%
SCHG +75.0%

Performance Comparison

Period SCHD SCHG Difference
1 Month -4.24% -4.57% +0.33%
3 Months +10.03% -9.51% +19.54%
6 Months +11.31% -8.35% +19.66%
YTD +10.03% -9.51% +19.54%
1 Year +9.47% +16.52% -7.05%
3 Years +24.43% +80.24% -55.81%
5 Years +23.27% +74.98% -51.71%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHD Fees SCHG Fees You Save
$10.000 10 years $120 $80 $40
$10.000 20 years $515 $344 $171
$10.000 30 years $1.664 $1.112 $552
$50.000 10 years $598 $399 $199
$50.000 30 years $8.318 $5.560 $2.758
$100.000 30 years $16.637 $11.121 $5.516

Risk Metrics

Based on 5 years of daily returns

Metric SCHD SCHG
Annualized Volatility 14.6% 22.3%
Max Drawdown -18.9% -35.0%
Sharpe Ratio 0.05 0.41

Dividend Comparison

Metric SCHD SCHG
Annual Dividend (per share) $1.06 $0.13
Dividend Yield 3.46% 0.43%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

SCHD Top Holdings

NameWeight
Chevron CorporationCVX4.66%
ConocoPhillipsCOP4.33%
Merck & Co., Inc.MRK4.08%
Verizon Communications Inc.VZ4.03%
The Coca-Cola CompanyKO3.98%
Texas Instruments IncorporatedTXN3.86%
PepsiCo, Inc.PEP3.83%
Amgen Inc.AMGN3.78%
Abbott LaboratoriesABT3.78%
The Procter & Gamble CompanyPG3.70%

SCHG Top Holdings

NameWeight
NVIDIA CorporationNVDA11.56%
Apple Inc.AAPL10.37%
Microsoft CorporationMSFT7.52%
Amazon.com, Inc.AMZN5.53%
Broadcom Inc.AVGO4.05%
Tesla, Inc.TSLA3.81%
Alphabet Inc.GOOG3.63%
Meta Platforms, Inc.META3.37%
Eli Lilly and CompanyLLY2.85%

Which One Should You Choose?

Choose SCHG if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SCHG if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SCHD if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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