GFLW vs SCHG: Grades, Fees and Holdings Compared

Victoryshares Free Cash Flow Growth ETF

GFLWCNasdaq

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

21.3%by weight

Expense ratio

SCHG −0.35pt a year

GFLW0.39%SCHG0.04%

Avg volume · 30D

SCHG 36.0×the volume

GFLW211KSCHG7.59M

GFLW vs SCHG Performance

Oct 31, 2025 – Oct 30, 2026

+7.7%GFLW+3.3%SCHG

Expense ratio: GFLW 0.39%; SCHG 0.04%, better
Fund size: GFLW $1.13B; SCHG $61.7B
1Y total return: GFLW +7.7%, better; SCHG +3.3%
Yield (12M): GFLW 0.36%; SCHG 0.40%, better
Holdings: GFLW 101; SCHG 187
Avg volume (30D): GFLW 211K sh; SCHG 7.59M sh, better
NAV per share: GFLW $31.41; SCHG $34.31
52W range

ETF.net Grade

Pillar letters and Scores for GFLW, SCHG, with each pillar’s weight
Pillar	GFLW	SCHG
Cost30% weight	F24	A96Higher
Mission25% weight	A100Higher	A92
Risk15% weight	D37	C41Higher
Tradability15% weight	C53	A87Higher
Holdings10% weight	B69Higher	D36
Durability5% weight	D25	A75Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. GFLW and SCHG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SCHG ranks 2nd and GFLW 24th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 5AVUGVanguard Morningstar Growth ETFScore 77
Rank 24CEGUSiShares ESG Aware MSCI USA Growth ETFScore 53
Rank 24CGFLWVictoryshares Free Cash Flow Growth ETFScore 53
Rank 26CPWBInvesco Large Cap Growth ETFScore 52

Our read on each fund

ETF.net Research

GFLWCVictoryshares Free Cash Flow Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

GFLW No data

SCHG Schwab's growth workhorse: roughly 200 large-cap U.S. growth names for four basis points, one of the cheapest tickets in a crowded category. Running since 2009 and among the most heavily traded growth funds around.

Stated mandate

GFLW No data

SCHG SCHG seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It generally invests in stocks included in that index, which represents large-cap U.S. growth equities.

Why people hold it

GFLW No data

SCHG 0.04% a year against a growth-category median of 0.18%. Costs sit near the floor of the group.
Hews closely to the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, one of the tighter index implementations in its peer group.
Live since 2009, a multi-billion-dollar fund, and one of the busier tickers in the growth aisle, so entering and exiting is usually cheap and easy.
The benchmark is carved out of a total-market growth index, not S&P 500 membership, so a stock does not need an index committee's nod to qualify.

Worth knowing

GFLW No data

SCHG Growth-only by design. Value and dividend-heavy corners of the market sit outside the mandate, so the ride differs from a total-market fund.
Large-cap U.S. only, roughly 200 stocks. No mid-caps, no small-caps, nothing overseas.
VUG charges a hair less for a similar broad-growth mandate. A tiny gap, but it is there. Distributions here arrive quarterly.

Full GFLW profile⁠

Full SCHG profile⁠

GFLW vs SCHG Holdings

How GFLW and SCHG differ

Overlap by weight

21.3%

Shared holdings make up 61.5% of GFLW and 33.7% of SCHG.

Level by level

Holdings61 in both21.3%
Sector11 Sectors79.4%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in GFLW and SCHG, widest gap first
Sector	More in GFLWMore in SCHG	GFLW	SCHG
Health Care	GFLW +12.5 points	19.1%	6.6%
Technology	SCHG +8.0 points	46.3%	54.3%
Communication	SCHG +6.2 points	7.5%	13.7%
Financials	SCHG +4.8 points	0.2%	5.0%
Industrials	GFLW +4.3 points	11.3%	7.0%
Materials	GFLW +2.2 points	3.1%	0.9%
Consumer Discretionary	SCHG +1.4 points	8.7%	10.1%
Consumer Staples	GFLW +0.7 points	1.8%	1.1%
Utilities	GFLW +0.5 points	0.9%	0.4%
Energy	GFLW +0.3 points	1.0%	0.7%
Real Estate	SCHG +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in GFLW and SCHG, widest gap first
Country	More in GFLWMore in SCHG	GFLW	SCHG
United States	GFLW +0.2 points	100.0%	99.8%
China	SCHG +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

GFLW27.6%
SCHG59.9%

Securities held

GFLW100
SCHG187

Asset class

GFLW: Equity
SCHG: Equity

Holdings

Only in GFLW39
In both61
Only in SCHG126

Only in GFLW

39 securities, 38.4% of GFLW by weight

Royalty Pharma PLC2.95%
Cardinal Health Inc2.92%
Dell Technologies Inc2.62%
Newmont Corp2.12%
Lam Research Corp1.89%
Monster Beverage Corp1.88%
Netflix Inc.1.83%
Keysight Technologies Inc1.31%
Amphenol Corp. - Class A1.29%
Spotify Technology SA1.25%
Incyte Pharmaceuticals1.20%
Viking Holdings Ltd1.16%
Halozyme Therapeutics Inc1.12%
Roku Inc1.11%
Pinterest Inc1.05%
Tg Therapeutics Inc0.95%
Adobe Inc0.93%
Deckers Outdoor Corp0.84%
Brinker International0.76%
Viper Energy Inc0.71%
Jabil Inc0.71%
Maplebear Inc0.66%
Draftkings Inc0.66%
Salesforce Inc0.65%
Cintas Corp.0.57%
Coeur Mining Inc0.56%
Alnylam Pharmaceuticals0.50%
Everpure Inc0.49%
Dexcom Inc0.45%
New York Times Co/The0.45%
Wayfair Inc0.44%
Motorola Solutions Inc.0.43%
Armstrong World Industrie0.41%
Corcept Therapeutics Inc0.36%
Dynatrace Inc0.27%
Gitlab Inc0.24%
Interdigital Inc.0.24%
Manhattan Associates Inc0.23%
Rambus Inc0.21%

Only in SCHG

126 securities, 66.3% of SCHG by weight

Apple11.92%
Microsoft9.21%
Amazon Com Inc5.60%
Alphabet Class A3.90%
Meta Platforms Class A3.74%
Alphabet Class C3.14%
Tesla Inc3.09%
Micron Technology2.86%
Advanced Micro Devices2.51%
Visa Class A1.90%
Mastercard Class A1.40%
Costco Wholesale Corp1.20%
UnitedHealth Group1.00%
Ge Aerospace0.88%
Thermo Fisher Scientific0.71%
Linde PLC0.63%
Walt Disney0.52%
BlackRock0.46%
Deere0.45%
Eaton PLC0.41%
S&P Global0.38%
Vertex Pharmaceuticals0.37%
Boeing0.37%
Parker-Hannifin0.32%
Phillips0.30%
Equinix Reit0.28%
Cloudflare Class A0.27%
Quanta Services Inc0.26%
Synopsys0.26%
Constellation Energy Corp0.24%
Lumentum Holdings0.22%
Regeneron Pharmaceuticals0.22%
Royal Caribbean Group0.21%
Sherwin Williams0.21%
United Rentals0.20%
Moodys0.20%
Robinhood Markets Class A0.20%
Targa Resources0.18%
Kkr and Co Inc0.18%
Te Connectivity PLC0.18%
Transdigm Group0.18%
Natera0.17%
Ww Grainger Inc0.16%
Apollo Global Management0.15%
Baker Hughes Class A0.15%
Autozone0.14%
Humana0.14%
Ciena0.13%
Carvana Class A0.13%
Delta Air Lines0.13%

Weight gaps

All 61 Holdings in both funds, largest gap first.

Holding weights in GFLW and SCHG, widest gap first
Holding	More in GFLWMore in SCHG	GFLW	SCHG
NVIDIA Corp.NVDA	SCHG +8.83 points	3.27%	12.10%
Broadcom IncAVGO	SCHG +2.91 points	1.29%	4.20%
Sandisk Corp/DeSNDK	GFLW +1.88 points	2.41%	0.53%
Caterpillar IncCAT	GFLW +1.85 points	2.66%	0.81%
Eli Lilly & CoLLY	GFLW +1.76 points	4.74%	2.98%
Vertiv Holdings CoVRT	GFLW +1.52 points	1.78%	0.26%
Mckesson Corp.MCK	GFLW +1.50 points	1.81%	0.31%
Western Digital Corp.WDC	GFLW +1.46 points	1.85%	0.39%
Airbnb IncABNB	GFLW +1.42 points	1.61%	0.19%
Intuit IncINTU	GFLW +1.40 points	1.65%	0.25%
Marriott Int'l Inc - Class AMAR	GFLW +1.33 points	1.56%	0.23%
Comfort Systems Usa Inc.FIX	GFLW +1.32 points	1.45%	0.13%
Seagate Technology HoldSTX	GFLW +1.31 points	1.74%	0.43%
Fortinet IncFTNT	GFLW +1.25 points	1.48%	0.23%
Ge Vernova LlcGEV	GFLW +1.22 points	1.86%	0.64%
Applied Materials IncAMAT	GFLW +1.09 points	2.00%	0.91%
Howmet Aerospace IncHWM	GFLW +1.02 points	1.24%	0.22%
Vistra CorpVST	GFLW +0.83 points	0.95%	0.12%
Uber Technologies IncUBER	GFLW +0.80 points	1.16%	0.36%
Autodesk Inc.ADSK	GFLW +0.74 points	0.88%	0.14%
Hilton Worldwide HldHLT	GFLW +0.73 points	0.95%	0.22%
Kla CorpKLAC	GFLW +0.72 points	1.31%	0.59%
Intuitive Surgical Inc.ISRG	GFLW +0.67 points	1.10%	0.43%
Zscaler IncZS	GFLW +0.67 points	0.74%	0.07%
Crowdstrike Holdings Inc-CRWD	GFLW +0.66 points	1.38%	0.72%
Palantir Technologies IncPLTR	SCHG +0.67 points	0.56%	1.23%
Booking Holdings IncBKNG	GFLW +0.65 points	0.96%	0.31%
Palo Alto Networks IncPANW	GFLW +0.65 points	1.49%	0.84%
Idexx Laboratories IncIDXX	GFLW +0.60 points	0.72%	0.12%
Medpace Holdings IncMEDP	GFLW +0.57 points	0.61%	0.04%
Macom Technology SolutionMTSI	GFLW +0.51 points	0.56%	0.05%
Datadog Inc-Class ADDOG	GFLW +0.51 points	0.75%	0.24%
Doordash IncDASH	GFLW +0.48 points	0.66%	0.18%
Sterling InfrastructureSTRL	GFLW +0.46 points	0.49%	0.03%
Emcor Group Inc.EME	GFLW +0.44 points	0.52%	0.08%
Hubspot IncHUBS	GFLW +0.43 points	0.46%	0.03%
Monolithic Power SystemsMPWR	GFLW +0.42 points	0.58%	0.16%
Neurocrine Biosciences InNBIX	GFLW +0.42 points	0.46%	0.04%
Workday IncWDAY	GFLW +0.41 points	0.52%	0.11%
Tko Group Holdings IncTKO	GFLW +0.41 points	0.44%	0.03%
Snowflake IncSNOW	GFLW +0.41 points	0.72%	0.31%
Ies Holdings IncIESC	GFLW +0.39 points	0.40%	0.01%
Applovin CorpAPP	GFLW +0.39 points	0.58%	0.19%
Trane Technologies PLCTT	GFLW +0.39 points	0.65%	0.26%
Veeva Systems IncVEEV	GFLW +0.37 points	0.50%	0.13%
Docusign IncDOCU	GFLW +0.38 points	0.42%	0.04%
Fair Isaac Corp.FICO	GFLW +0.33 points	0.37%	0.04%
Cadence Design Sys. IncCDNS	GFLW +0.31 points	0.57%	0.26%
Reddit IncRDDT	GFLW +0.31 points	0.36%	0.05%
Arista Networks IncANET	GFLW +0.31 points	0.83%	0.52%
Atlassian Corp PLCTEAM	GFLW +0.28 points	0.37%	0.09%
Astera Labs IncALAB	GFLW +0.28 points	0.40%	0.12%
Nextpower Inc -Cl ANXT	GFLW +0.27 points	0.30%	0.03%
Paycom Software IncPAYC	GFLW +0.24 points	0.27%	0.03%
Servicenow IncNOW	GFLW +0.23 points	0.54%	0.31%
Elastic NVESTC	GFLW +0.22 points	0.25%	0.03%
Credo Technology Group HoCRDO	GFLW +0.22 points	0.30%	0.08%
Rubrik IncRBRK	GFLW +0.22 points	0.28%	0.06%
Nutanix Inc - ANTNX	GFLW +0.20 points	0.25%	0.05%
Mongodb IncMDB	GFLW +0.18 points	0.26%	0.08%
Circle Internet Group IncCRCL	GFLW +0.17 points	0.21%	0.04%

All GFLW holdings⁠All 189 SCHG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GFLW vs SCHG Cost

Overpaying GFLW vs SCHG

$7,049

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GFLW 0.39%
$7,898
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

GFLW 0.39%
SCHG 0.04%
Overpaying

Year by year

Year	GFLW	SCHG	Overpaying
10	$705	$73	$632
20	$2,725	$288	$2,437
30	$7,898	$849	$7,049

Expense ratio

0.39%GFLW
0.04%SCHG, cheaper

SCHG0.04%GFLW0.39%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

GFLW 27th cheapest of 35 funds

GFLW vs SCHG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GFLW 0.36%; SCHG 0.40%, better
Payout (12M): GFLW $0.11; SCHG $0.14
Last payment: GFLW $0.11; SCHG $0.04
Ex-dividend: GFLW Sep 9, 2026; SCHG Sep 23, 2026
Paid on: GFLW Sep 10, 2026; SCHG Sep 28, 2026
Frequency: GFLW Irregular; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GFLWIrregular · 5 paymentsAll GFLW payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

GFLW vs SCHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GFLW 19.7%since Jan 2025SCHG 16.5%
Return per unit of riskSharpe ratio, 3 years: GFLW 0.67since Jan 2025SCHG 1.16
Worst fallMax drawdown, 5 years: GFLW −24.1%since Dec 2024SCHG −34.6%
Market sensitivityBeta, 5 years: GFLW 1.25SCHG 1.20; Market = 1

GFLW and SCHG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SCHG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SCHG

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GFLW vs SCHG

In short

Stated mandate

Why people hold it

Worth knowing

How GFLW and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GFLW

Only in SCHG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How GFLW and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GFLW

Only in SCHG

Weight gaps