ETF Versus

SCHG vs SPYG

Schwab U.S. Large-Cap Growth ETF vs State Street SPDR Portfolio S&P 500 Growth ETF

Last updated: 2026-04-02

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

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an exchange-traded fund 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 0.57%. Launched in 2000, the fund has a 26-year track record.

AUM: $40.3B ER: 0.04% Yield: 0.57% Since: Sep 25, 2000

Quick Verdict

Over the past year, SPYG has significantly outperformed with a 22.5% return vs 16.5%.

Key Metrics

Metric SCHG SPYG
Expense Ratio 0.04% 0.04%
Dividend Yield 0.4% 0.6%
Fund Family Schwab N/A
Category US Large Cap Growth 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
SCHG +75.0%
SPYG +69.9%

Performance Comparison

Period SCHG SPYG Difference
1 Month -4.57% -4.37% -0.20%
3 Months -9.51% -7.07% -2.44%
6 Months -8.35% -5.37% -2.98%
YTD -9.51% -7.07% -2.44%
1 Year +16.52% +22.54% -6.02%
3 Years +80.24% +78.00% +2.24%
5 Years +74.98% +69.92% +5.06%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHG Fees SPYG Fees You Save
$10.000 10 years $80 $80 $0
$10.000 20 years $344 $344 $0
$10.000 30 years $1.112 $1.112 $0
$50.000 10 years $399 $399 $0
$50.000 30 years $5.560 $5.560 $0
$100.000 30 years $11.121 $11.121 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHG SPYG
Annualized Volatility 22.3% 21.1%
Max Drawdown -35.0% -33.1%
Sharpe Ratio 0.41 0.40

Dividend Comparison

Metric SCHG SPYG
Annual Dividend (per share) $0.13 $0.56
Dividend Yield 0.43% 0.57%
Distribution Frequency Quarterly Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

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%

SPYG Top Holdings

NameWeight
NVIDIA CorporationNVDA14.62%
Microsoft CorporationMSFT9.48%
Apple Inc.AAPL6.43%
Broadcom Inc.AVGO5.06%
Alphabet Inc.GOOG4.63%
Meta Platforms, Inc.META4.32%
Amazon.com, Inc.AMZN3.72%
Berkshire Hathaway Inc.BRK.B3.03%
Eli Lilly and CompanyLLY2.51%

Which One Should You Choose?

Choose SPYG if...

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

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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