IVW vs SCHG: Grades, Fees and Holdings Compared

iShares S&P 500 Growth ETF

IVWBNYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

74.3%by weight

Expense ratio

SCHG −0.14pt a year

IVW0.18%SCHG0.04%

Avg volume · 30D

SCHG 4.5×the volume

IVW1.67MSCHG7.59M

10Y return · a year

SCHG +1.2pt

IVW+17.3%SCHG+18.5%

IVW vs SCHG Performance

Oct 29, 2021 – Oct 30, 2026

+72.2%IVW+74.3%SCHG

Expense ratio: IVW 0.18%; SCHG 0.04%, better
Fund size: IVW $74.7B; SCHG $61.7B
1Y total return: IVW +8.2%, better; SCHG +3.3%
Yield (12M): IVW 0.36%; SCHG 0.40%, better
Holdings: IVW 154; SCHG 187
Avg volume (30D): IVW 1.67M sh; SCHG 7.59M sh, better
NAV per share: IVW $134.44; SCHG $34.31
52W range

ETF.net Grade

Pillar letters and Scores for IVW, SCHG, with each pillar’s weight
Pillar	IVW	SCHG
Cost30% weight	C49	A96Higher
Mission25% weight	A98Higher	A92
Risk15% weight	B62Higher	C41
Tradability15% weight	A72	A87Higher
Holdings10% weight	D37Higher	D36
Durability5% weight	A84Higher	A75

Rank among US Growth Index funds

How we build Categories ›

Same Category. IVW 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 IVW 12th 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 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68
Rank 12BIVWiShares S&P 500 Growth ETFScore 67
Rank 12BVOOGVanguard S&P 500 Growth ETFScore 67

Our read on each fund

ETF.net Research

IVWBiShares S&P 500 Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

IVW The 2000-vintage original for S&P 500 growth exposure: roughly 150 large caps chosen by a three-factor rules screen, cap-weighted, no manager discretion. Big and liquid, though cheaper trackers of the same benchmark now exist.

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

IVW The fund seeks to track an index of U.S. large-cap stocks exhibiting strong growth characteristics, selected using measures including earnings and revenue 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

IVW A 2000-vintage original among style ETFs, now a multi-billion-dollar fund whose returns hug its index very closely.
The growth screen is mechanical: sales growth, earnings change to price, and 12-month price momentum. Rules pick the names, not a stock picker.barchart.com
Actively traded with the iShares plumbing behind it, which supports tight spreads on retail-size orders.
Pays a distribution quarterly and sits in the upper half of the US growth cohort on overall build quality.

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

IVW At 0.18%, it costs the category median, while SPYG follows the same S&P 500 Growth benchmark for 0.04% and SCHG runs at 0.04%.
Roughly 150 cap-weighted names, so the biggest growth companies drive most of the movement.
This is one half of a style split: the growth side of the S&P 500 only, with the value side living in a separate fund.barchart.com

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 IVW profile⁠

Full SCHG profile⁠

IVW vs SCHG Holdings

How IVW and SCHG differ

Overlap by weight

74.3%

Shared holdings make up 86.8% of SCHG and 80.6% of IVW.

Level by level

Holdings83 in both74.3%
Sector11 Sectors94.8%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in IVW and SCHG, widest gap first
Sector	More in IVWMore in SCHG	IVW	SCHG
Financials	IVW +4.3 points	9.3%	5.0%
Consumer Discretionary	SCHG +1.8 points	8.3%	10.1%
Industrials	SCHG +1.2 points	5.8%	7.0%
Energy	SCHG +0.7 points	0.0%	0.7%
Materials	SCHG +0.6 points	0.3%	0.9%
Technology	SCHG +0.6 points	53.7%	54.3%
Health Care	IVW +0.5 points	7.1%	6.6%
Real Estate	IVW +0.3 points	0.6%	0.3%
Communication	SCHG +0.3 points	13.4%	13.7%
Consumer Staples	IVW +0.1 points	1.2%	1.1%
Utilities	SCHG +0.1 points	0.3%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in IVW and SCHG, widest gap first
Country	More in IVWMore in SCHG	IVW	SCHG
United States	Same weight	99.8%	99.8%
China	SCHG +0.1 points	0.1%	0.2%
Mexico	IVW +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

IVW59.1%
SCHG59.9%

Securities held

IVW152
SCHG187

Asset class

IVW: Equity
SCHG: Equity

Holdings

Only in IVW69
In both83
Only in SCHG104

Only in IVW

69 securities, 19.3% of IVW by weight

Berkshire Hathaway Inc Class B2.90%
JPMorgan Chase & Co1.75%
Johnson & Johnson1.11%
Lam Research0.86%
Rtx0.77%
Netflix0.74%
AbbVie0.69%
Cisco Systems Inc0.63%
Amphenol Corp Class A0.56%
Philip Morris International0.52%
Amgen Inc0.49%
Goldman Sachs Group0.49%
Welltower0.48%
Coca-Cola0.44%
Morgan Stanley0.38%
International Business Machines Co0.36%
Oracle0.34%
American Express0.33%
Gilead Sciences0.33%
Newmont0.32%
Tjx0.24%
Marvell Technology0.23%
Mcdonalds Corp0.23%
Progressive0.22%
Oreilly Automotive Inc0.20%
Hca Healthcare0.20%
Monster Beverage0.19%
Corning0.19%
Bank of New York Mellon Corp0.18%
Cme Group Class A0.17%
Bloom Energy Class A0.17%
Johnson Controls International PLC0.17%
General Dynamics Corp0.14%
Cummins Inc0.13%
Stryker0.12%
Everpure Inc Class A0.12%
Boston Scientific0.12%
Ebay0.10%
Ross Stores Inc0.10%
Expedia Group0.09%
Flex Ltd0.09%
Twilio Class A0.09%
Simon Property Group Reit Inc0.08%
Rockwell Automation Inc0.08%
Verisign0.07%
Edwards Lifesciences0.07%
Tapestry0.07%
Ventas Reit0.06%
Yum Brands0.06%
Incyte Corp0.06%

Only in SCHG

104 securities, 13.2% of SCHG by weight

Costco Wholesale Corp1.20%
UnitedHealth Group1.00%
Thermo Fisher Scientific0.71%
Linde PLC0.63%
Walt Disney0.52%
BlackRock0.46%
Deere0.45%
Eaton PLC0.41%
Western Digital Corp0.39%
Vertex Pharmaceuticals0.37%
Snowflake0.31%
Mckesson Corp0.31%
Phillips0.30%
Equinix Reit0.28%
Cloudflare Class A0.27%
Synopsys0.26%
Regeneron Pharmaceuticals0.22%
Sherwin Williams0.21%
Targa Resources0.18%
Natera0.17%
Ww Grainger Inc0.16%
Baker Hughes Class A0.15%
Humana0.14%
Delta Air Lines0.13%
Waters Corp0.13%
Astera Labs0.12%
Roper Technologies0.12%
Diamondback Energy0.11%
Revolution Medicines0.10%
Okta Class A0.10%
Vulcan Materials0.10%
Coinbase Global Class A0.10%
Atlassian Corp Class A0.09%
Rocket Lab Corp0.09%
Martin Marietta Materials0.09%
Heico0.09%
Teledyne Technologies0.09%
Mongodb Class A0.08%
West Pharmaceutical Services0.08%
Credo Technology Group Holding Ltd0.08%
Zscaler0.07%
Insmed0.07%
Hubbell Inc0.06%
Liberty Media Series C0.06%
Ssc Government Mm Gvmxx0.06%
Sofi Technologies0.06%
Affirm Holdings Class A0.06%
Lpl Financial Holdings0.06%
Rubrik Class A0.06%
Ptc0.06%

Weight gaps

All 83 Holdings in both funds, largest gap first.

Holding weights in IVW and SCHG, widest gap first
Holding	More in IVWMore in SCHG	IVW	SCHG
AppleAAPL	SCHG +4.71 points	7.21%	11.92%
NVIDIANVDA	IVW +2.09 points	14.19%	12.10%
Amazon.com IncAMZN	SCHG +2.02 points	3.58%	5.60%
MicrosoftMSFT	IVW +1.90 points	11.11%	9.21%
Tesla IncTSLA	SCHG +1.09 points	2.00%	3.09%
Alphabet Class AGOOGL	IVW +0.81 points	4.71%	3.90%
Visa Class AV	SCHG +0.79 points	1.11%	1.90%
Alphabet Class CGOOG	IVW +0.65 points	3.79%	3.14%
Ge AerospaceGE	SCHG +0.41 points	0.47%	0.88%
Mastercard Class AMA	SCHG +0.41 points	0.99%	1.40%
Palo Alto NetworksPANW	SCHG +0.36 points	0.48%	0.84%
Eli LillyLLY	IVW +0.27 points	3.25%	2.98%
Broadcom IncAVGO	IVW +0.25 points	4.45%	4.20%
S&P GlobalSPGI	SCHG +0.20 points	0.18%	0.38%
BoeingBA	SCHG +0.20 points	0.17%	0.37%
Seagate Technology Holdings PLCSTX	SCHG +0.16 points	0.27%	0.43%
Meta Platforms Class AMETA	IVW +0.15 points	3.89%	3.74%
Advanced Micro DevicesAMD	SCHG +0.15 points	2.36%	2.51%
Parker-HannifinPH	SCHG +0.14 points	0.18%	0.32%
Trane Technologies PLCTT	SCHG +0.12 points	0.14%	0.26%
ServicenowNOW	SCHG +0.12 points	0.19%	0.31%
Airbnb Class AABNB	SCHG +0.10 points	0.09%	0.19%
Moodys CorpMCO	SCHG +0.10 points	0.10%	0.20%
IntuitINTU	SCHG +0.10 points	0.15%	0.25%
Cadence Design SystemsCDNS	SCHG +0.10 points	0.16%	0.26%
United RentalsURI	SCHG +0.08 points	0.12%	0.20%
FortinetFTNT	SCHG +0.08 points	0.15%	0.23%
Kkr and Co IncKKR	SCHG +0.08 points	0.10%	0.18%
Constellation Energy CorpCEG	SCHG +0.07 points	0.17%	0.24%
Apollo Global ManagementAPO	SCHG +0.07 points	0.08%	0.15%
Carvana Class ACVNA	SCHG +0.06 points	0.07%	0.13%
Workday Class AWDAY	SCHG +0.06 points	0.05%	0.11%
TeradyneTER	SCHG +0.06 points	0.07%	0.13%
MsciMSCI	SCHG +0.05 points	0.07%	0.12%
Te Connectivity PLCTEL	SCHG +0.06 points	0.12%	0.18%
AutodeskADSK	SCHG +0.05 points	0.09%	0.14%
Mettler ToledoMTD	SCHG +0.04 points	0.05%	0.09%
ResmedRMD	SCHG +0.05 points	0.05%	0.10%
SandiskSNDK	SCHG +0.05 points	0.48%	0.53%
Take Two Interactive SoftwareTTWO	SCHG +0.04 points	0.05%	0.09%
AutozoneAZO	SCHG +0.04 points	0.10%	0.14%
Veeva Systems Class AVEEV	SCHG +0.05 points	0.08%	0.13%
Live Nation EntertainmentLYV	SCHG +0.04 points	0.04%	0.08%
Axon EnterpriseAXON	SCHG +0.03 points	0.07%	0.10%
Reddit Class ARDDT	SCHG +0.03 points	0.02%	0.05%
Applied Material IncAMAT	SCHG +0.02 points	0.89%	0.91%
Fair IsaacFICO	SCHG +0.02 points	0.02%	0.04%
Uber TechnologiesUBER	IVW +0.02 points	0.38%	0.36%
Arista NetworksANET	SCHG +0.01 points	0.51%	0.52%
Datadog Inc Class ADDOG	SCHG +0.01 points	0.23%	0.24%
Ge VernovaGEV	IVW +0.01 points	0.65%	0.64%
Caterpillar IncCAT	IVW +0.01 points	0.82%	0.81%
Marriott International Class AMAR	IVW +0.01 points	0.24%	0.23%
Hilton Worldwide HoldingsHLT	IVW +0.01 points	0.23%	0.22%
Booking HoldingsBKNG	IVW +0.01 points	0.32%	0.31%
Palantir Technologies Class APLTR	SCHG +0.02 points	1.21%	1.23%
Applovin Class AAPP	SCHG +0.01 points	0.18%	0.19%
Monolithic Power Systems IncMPWR	IVW +0.01 points	0.17%	0.16%
Doordash Class ADASH	IVW +0.01 points	0.19%	0.18%
Norwegian Cruise Line HoldingsNCLH	SCHG +0.01 points	0.01%	0.02%
Crowdstrike Holdings Class ACRWD	IVW +0.01 points	0.73%	0.72%
Lumentum HoldingsLITE	SCHG +0.01 points	0.21%	0.22%
CoherentCOHR	SCHG +0.01 points	0.12%	0.13%
Royal Caribbean GroupRCL	IVW +0.01 points	0.22%	0.21%
Quanta Services IncPWR	IVW +0.01 points	0.27%	0.26%
Transdigm GroupTDG	Same weight	0.18%	0.18%
Carnival Corp LtdCCL	IVW +0.01 points	0.11%	0.10%
Intuitive SurgicalISRG	IVW +0.01 points	0.44%	0.43%
Caseys General Stores IncCASY	Same weight	0.07%	0.07%
VistraVST	IVW +0.01 points	0.13%	0.12%
CienaCIEN	Same weight	0.13%	0.13%
Howmet AerospaceHWM	IVW +0.01 points	0.23%	0.22%
Ulta Beauty IncULTA	Same weight	0.08%	0.08%
Robinhood Markets Class AHOOD	SCHG +0.01 points	0.19%	0.20%
Emcor GroupEME	IVW +0.01 points	0.09%	0.08%
KlaKLAC	Same weight	0.59%	0.59%
Comfort Systems UsaFIX	SCHG +0.01 points	0.12%	0.13%
Idexx LaboratoriesIDXX	Same weight	0.12%	0.12%
Tko Group Holdings Inc Class ATKO	Same weight	0.03%	0.03%
InsuletPODD	Same weight	0.03%	0.03%
Interactive Brokers Group Inc ClasIBKR	Same weight	0.10%	0.10%
Vertiv Holdings Class AVRT	Same weight	0.26%	0.26%
Micron TechnologyMU	Same weight	2.86%	2.86%

All 152 IVW 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.

IVW vs SCHG Cost

Overpaying IVW vs SCHG

$2,900

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

IVW 0.18%
$3,749
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IVW 0.18%
SCHG 0.04%
Overpaying

Year by year

Year	IVW	SCHG	Overpaying
10	$328	$73	$255
20	$1,281	$288	$993
30	$3,749	$849	$2,900

Expense ratio

0.18%IVW
0.04%SCHG, cheaper

SCHG0.04%IVW0.18%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

IVW 17th cheapest of 35 funds

IVW vs SCHG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IVW 0.36%; SCHG 0.40%, better
Payout (12M): IVW $0.49; SCHG $0.14
Last payment: IVW $0.13; SCHG $0.04
Ex-dividend: IVW Sep 15, 2026; SCHG Sep 23, 2026
Paid on: IVW Sep 18, 2026; SCHG Sep 28, 2026
Frequency: IVW Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVWQuarterly · 38 paymentsAll IVW payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

IVW vs SCHG Risk

Fall from peak · 5 years

IVW
SCHG

Risk facts

VolatilityStd dev, 3 years: IVW 16.5%SCHG 16.5%
Return per unit of riskSharpe ratio, 3 years: IVW 1.27, betterSCHG 1.16
Worst fallMax drawdown, 5 years: IVW −32.7%, betterSCHG −34.6%
Market sensitivityBeta, 5 years: IVW 1.17SCHG 1.20; Market = 1

IVW 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, 2026IVWSCHG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IVWSCHG
Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026IVW

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IVW vs SCHG

In short

Stated mandate

Why people hold it