ISCG vs SCHG: Grades, Fees and Holdings Compared

iShares Morningstar Small-Cap Growth ETF

ISCGBNYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

1.2%by weight

Expense ratio

SCHG −0.02pt a year

ISCG0.06%SCHG0.04%

Avg volume · 30D

SCHG 304.5×the volume

ISCG24.9KSCHG7.59M

10Y return · a year

SCHG +7.3pt

ISCG+11.2%SCHG+18.5%

ISCG vs SCHG Performance

Oct 29, 2021 – Oct 30, 2026

+23.1%ISCG+74.3%SCHG

Expense ratio: ISCG 0.06%; SCHG 0.04%, better
Fund size: ISCG $961M; SCHG $61.7B
1Y total return: ISCG +11.4%, better; SCHG +3.3%
Yield (12M): ISCG 0.65%, better; SCHG 0.40%
Holdings: ISCG 918; SCHG 187
Avg volume (30D): ISCG 24.9K sh; SCHG 7.59M sh, better
NAV per share: ISCG $61.23; SCHG $34.31
52W range

ETF.net Grade

Pillar letters and Scores for ISCG, SCHG, with each pillar’s weight
Pillar	ISCG	SCHG
Cost30% weight	A78	A96Higher
Mission25% weight	A92	A92
Risk15% weight	C46Higher	C41
Tradability15% weight	D30	A87Higher
Holdings10% weight	A84Higher	D36
Durability5% weight	C54	A75Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ISCG 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 ISCG 10th 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 8AVONGVanguard Russell 1000 Growth ETFScore 69
Rank 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68
Rank 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68

Our read on each fund

ETF.net Research

ISCGBiShares Morningstar Small-Cap Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

ISCG A 2004-vintage small-cap growth sleeve that charges 0.06% and casts an unusually wide net, holding roughly 900 names selected on earnings, sales, cash flow and book value growth.

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

ISCG The fund seeks to track a U.S. small-cap index whose constituents are selected using growth measures including earnings, sales, cash flow, and book value growth.

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

ISCG Six basis points, against a 0.25% median for its small-cap group. Style slices usually carry a style-slice price tag; this one does not.
Roughly 900 holdings, a wide net even by small-cap standards, so no single stumble carries much weight.
Follows its Morningstar growth index closely rather than drifting, one of the tighter tracking records in its peer group. Running since 2004 on the iShares platform.

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

ISCG Thinly traded next to the household-name small-cap funds, so bid-ask spreads can run wider and trade timing matters more.
Small-cap growth is one of the choppier corners of the US market, and the ride here has been rougher than a broad-market equity fund's.
This is the growth half of small caps, not the whole asset class. Broad small-cap funds like VB and SCHA hold both styles for 0.03%.

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 ISCG profile⁠

Full SCHG profile⁠

ISCG vs SCHG Holdings

How ISCG and SCHG differ

Overlap by weight

1.2%

Shared holdings make up 12.8% of ISCG and 1.2% of SCHG.

Level by level

Holdings36 in both1.2%
Sector11 Sectors57.5%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in ISCG and SCHG, widest gap first
Sector	More in ISCGMore in SCHG	ISCG	SCHG
Technology	SCHG +30.5 points	23.8%	54.3%
Industrials	ISCG +15.5 points	22.5%	7.0%
Health Care	ISCG +11.8 points	18.4%	6.6%
Communication	SCHG +10.7 points	3.0%	13.7%
Real Estate	ISCG +4.8 points	5.1%	0.3%
Financials	ISCG +4.3 points	9.3%	5.0%
Energy	ISCG +2.4 points	3.1%	0.7%
Materials	ISCG +2.0 points	2.9%	0.9%
Consumer Discretionary	SCHG +1.2 points	8.9%	10.1%
Consumer Staples	ISCG +1.1 points	2.2%	1.1%
Utilities	ISCG +0.5 points	0.9%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in ISCG and SCHG, widest gap first
Country	More in ISCGMore in SCHG	ISCG	SCHG
United States	SCHG +0.3 points	99.5%	99.8%
Brazil	ISCG +0.2 points	0.2%	0.0%
China	SCHG +0.2 points	0.0%	0.2%
Taiwan	ISCG +0.1 points	0.1%	0.0%
Singapore	ISCG +0.1 points	0.1%	0.0%
Israel	Same weight	0.0%	0.0%
Australia	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ISCG7.2%
SCHG59.9%

Securities held

ISCG916
SCHG187

Asset class

ISCG: Equity
SCHG: Equity

Holdings

Only in ISCG880
In both36
Only in SCHG151

Only in ISCG

880 securities, 87.1% of ISCG by weight

Guardant Health0.78%
Roku Class A0.67%
Dynatrace Inc0.58%
Nordson0.54%
Lincoln Electric Holdings0.51%
Ralph Lauren Class A0.48%
Manhattan Associates0.47%
Unity Software0.46%
Glaukos0.45%
Semtech0.43%
Guidewire Software0.43%
Generac Holdings0.39%
Coca Cola Consolidated Inc0.39%
Qxo0.37%
Applied Industrial Technologies0.37%
Onto Innovation0.36%
Ensign Group0.36%
Eastgroup Properties Reit0.35%
Ryder System0.35%
Evercore Class A0.34%
Twist Bioscience0.34%
Moog Inc Class A0.34%
Crane0.33%
Jfrog0.33%
Advanced Drainage Systems Inc0.33%
New York Times Class A0.33%
Rambus0.32%
Knight-Swift Transportation Holdin0.31%
Zebra Technologies Corp Class A0.31%
Globus Medical Class A0.31%
Idex0.31%
Watts Water Technologies Class A0.30%
Brightspring Health Services Inc0.30%
Cognex0.30%
Sanmina0.29%
Darling Ingredients0.29%
Gitlab Class A0.28%
Carlisle Companies0.28%
Healthequity0.28%
Interdigital Inc0.28%
Corcept Therapeutics0.28%
Cytokinetics0.27%
Sentinelone Inc Class A0.27%
Tg Therapeutics0.27%
Krystal Biotech0.27%
Madrigal Pharmaceuticals0.27%
Pinnacle Financial Partners0.27%
Spx Technologies Inc0.27%
Simpson Manufacturing0.26%
Kratos Defense and Security Soluti0.26%

Only in SCHG

151 securities, 98.8% of SCHG by weight

NVIDIA12.10%
Apple11.92%
Microsoft9.21%
Amazon Com Inc5.60%
Broadcom Inc4.20%
Alphabet Class A3.90%
Meta Platforms Class A3.74%
Alphabet Class C3.14%
Tesla Inc3.09%
Eli Lilly2.98%
Micron Technology2.86%
Advanced Micro Devices2.51%
Visa Class A1.90%
Mastercard Class A1.40%
Palantir Technologies Class A1.23%
Costco Wholesale Corp1.20%
UnitedHealth Group1.00%
Applied Material Inc0.91%
Ge Aerospace0.88%
Palo Alto Networks0.84%
Caterpillar Inc0.81%
Crowdstrike Holdings Class A0.72%
Thermo Fisher Scientific0.71%
Ge Vernova0.64%
Linde PLC0.63%
Kla0.59%
Sandisk0.53%
Arista Networks0.52%
Walt Disney0.52%
BlackRock0.46%
Deere0.45%
Intuitive Surgical0.43%
Seagate Technology Holdings PLC0.43%
Eaton PLC0.41%
Western Digital Corp0.39%
S&P Global0.38%
Vertex Pharmaceuticals0.37%
Boeing0.37%
Uber Technologies0.36%
Parker-Hannifin0.32%
Snowflake0.31%
Mckesson Corp0.31%
Servicenow0.31%
Booking Holdings0.31%
Phillips0.30%
Equinix Reit0.28%
Cloudflare Class A0.27%
Quanta Services Inc0.26%
Trane Technologies PLC0.26%
Cadence Design Systems0.26%

Weight gaps

All 36 Holdings in both funds, largest gap first.

Holding weights in ISCG and SCHG, widest gap first
Holding	More in ISCGMore in SCHG	ISCG	SCHG
Okta Class AOKTA	ISCG +1.12 points	1.22%	0.10%
Atlassian Corp Class ATEAM	ISCG +0.97 points	1.06%	0.09%
Rubrik Class ARBRK	ISCG +0.60 points	0.66%	0.06%
Nutanix Class ANTNX	ISCG +0.57 points	0.62%	0.05%
Medpace HoldingsMEDP	ISCG +0.47 points	0.51%	0.04%
Neurocrine BiosciencesNBIX	ISCG +0.44 points	0.48%	0.04%
Tradeweb Markets Inc Class ATW	ISCG +0.41 points	0.45%	0.04%
Samsara Class AIOT	ISCG +0.40 points	0.44%	0.04%
Five BelowFIVE	ISCG +0.38 points	0.42%	0.04%
PenumbraPEN	ISCG +0.37 points	0.40%	0.03%
Texas Roadhouse IncTXRH	ISCG +0.36 points	0.39%	0.03%
Bridgebio PharmaBBIO	ISCG +0.35 points	0.38%	0.03%
HubspotHUBS	ISCG +0.34 points	0.37%	0.03%
Sterling InfrastructureSTRL	ISCG +0.34 points	0.37%	0.03%
RepligenRGEN	ISCG +0.34 points	0.37%	0.03%
SitimeSITM	ISCG +0.33 points	0.36%	0.03%
InsuletPODD	ISCG +0.32 points	0.35%	0.03%
Saia IncSAIA	ISCG +0.28 points	0.30%	0.02%
Advanced Energy IndustriesAEIS	ISCG +0.27 points	0.30%	0.03%
Tempus Ai Class ATEM	ISCG +0.27 points	0.29%	0.02%
ElasticESTC	ISCG +0.26 points	0.29%	0.03%
American Airlines GroupAAL	ISCG +0.25 points	0.27%	0.02%
Kinsale Capital Group IncKNSL	ISCG +0.24 points	0.26%	0.02%
Caci International Inc Class ACACI	ISCG +0.24 points	0.28%	0.04%
Digitalocean HoldingsDOCN	ISCG +0.22 points	0.25%	0.03%
Dycom Industries IncDY	ISCG +0.21 points	0.23%	0.02%
Procore Technologies IncPCOR	ISCG +0.21 points	0.23%	0.02%
Cava GroupCAVA	ISCG +0.17 points	0.19%	0.02%
Celsius HoldingsCELH	ISCG +0.16 points	0.17%	0.01%
DocusignDOCU	ISCG +0.15 points	0.19%	0.04%
Ies IncIESC	ISCG +0.13 points	0.14%	0.01%
Paycom SoftwarePAYC	ISCG +0.12 points	0.15%	0.03%
ChemedCHE	ISCG +0.11 points	0.13%	0.02%
Norwegian Cruise Line HoldingsNCLH	ISCG +0.10 points	0.12%	0.02%
Snap Inc Class ASNAP	ISCG +0.09 points	0.11%	0.02%
Oklo Class AOKLO	ISCG +0.05 points	0.06%	0.01%

All 918 ISCG 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.

ISCG vs SCHG Cost

Overpaying ISCG vs SCHG

$421

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

ISCG 0.06%
$1,270
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

ISCG 0.06%
SCHG 0.04%
Overpaying

Year by year

Year	ISCG	SCHG	Overpaying
10	$110	$73	$37
20	$432	$288	$144
30	$1,270	$849	$421

Expense ratio

0.06%ISCG
0.04%SCHG, cheaper

SCHG0.04%ISCG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

ISCG 9th cheapest of 35 funds

ISCG vs SCHG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ISCG 0.65%, better; SCHG 0.40%
Payout (12M): ISCG $0.40; SCHG $0.14
Last payment: ISCG $0.12; SCHG $0.04
Ex-dividend: ISCG Sep 15, 2026; SCHG Sep 23, 2026
Paid on: ISCG Sep 18, 2026; SCHG Sep 28, 2026
Frequency: ISCG Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ISCGQuarterly · 38 paymentsAll ISCG payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

ISCG vs SCHG Risk

Fall from peak · 5 years

ISCG
SCHG

Risk facts

VolatilityStd dev, 3 years: ISCG 17.6%SCHG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: ISCG 0.88SCHG 1.16, better
Worst fallMax drawdown, 5 years: ISCG −37.8%SCHG −34.6%, better
Market sensitivityBeta, 5 years: ISCG 1.14SCHG 1.20; Market = 1

ISCG 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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ISCG vs SCHG

In short

Stated mandate

Why people hold it

Worth knowing

How ISCG and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISCG

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 ISCG and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISCG

Only in SCHG

Weight gaps