IWF vs SCHG: Grades, Fees and Holdings Compared

iShares Russell 1000 Growth ETF

IWFBNYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

75.1%by weight

Expense ratio

SCHG −0.14pt a year

IWF0.18%SCHG0.04%

Avg volume · 30D

SCHG 1.7×the volume

IWF4.51MSCHG7.59M

10Y return · a year

SCHG +1.0pt

IWF+17.5%SCHG+18.5%

IWF vs SCHG Performance

Oct 29, 2021 – Oct 30, 2026

+62.2%IWF+74.3%SCHG

Expense ratio: IWF 0.18%; SCHG 0.04%, better
Fund size: IWF $120B; SCHG $61.7B
1Y total return: IWF −2.8%; SCHG +3.3%, better
Yield (12M): IWF 0.37%; SCHG 0.40%, better
Holdings: IWF 375; SCHG 187
Avg volume (30D): IWF 4.51M sh; SCHG 7.59M sh, better
NAV per share: IWF $117.59; SCHG $34.31
52W range

ETF.net Grade

Pillar letters and Scores for IWF, SCHG, with each pillar’s weight
Pillar	IWF	SCHG
Cost30% weight	C49	A96Higher
Mission25% weight	A100Higher	A92
Risk15% weight	D29	C41Higher
Tradability15% weight	A96Higher	A87
Holdings10% weight	C43Higher	D36
Durability5% weight	A86Higher	A75

Rank among US Growth Index funds

How we build Categories ›

Same Category. IWF 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 IWF 14th 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 12BVOOGVanguard S&P 500 Growth ETFScore 67
Rank 14BIWFiShares Russell 1000 Growth ETFScore 66
Rank 14BVTWGVanguard Russell 2000 Growth ETFScore 66

Our read on each fund

ETF.net Research

IWFBiShares Russell 1000 Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

IWF Trading since 2000, IWF is the heavyweight way to own the Russell 1000 Growth Index: roughly 400 US large- and mid-cap growth names, in one of the biggest and busiest funds in its group. Cheaper clones of the same index 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

IWF The Fund seeks to follow the Russell 1000 Growth Index, representing U.S. large- and mid-capitalization equities selected for growth characteristics. It generally invests at least 80% of assets in index components.

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

IWF Running since 2000 and now among the largest and most actively traded growth ETFs, so getting in and out rarely means fighting a wide spread.
The mandate is plain: follow the Russell 1000 Growth Index, at least 80% in index components. Its index tracking measures among the tightest in its peer group.ishares.com
One ticker buys about 400 US large- and mid-cap stocks selected for growth characteristics, with cash paid out quarterly.

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

IWF The 0.18% fee sits mid-pack for growth ETFs, and VONG follows the identical Russell 1000 Growth Index for a fraction of it. Same index, different sticker.
A growth screen keeps only part of the Russell 1000, so the ride depends on whichever names the index currently counts as fast growers.

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 IWF profile⁠

Full SCHG profile⁠

IWF vs SCHG Holdings

How IWF and SCHG differ

Overlap by weight

75.1%

Shared holdings make up 91.3% of SCHG and 84.4% of IWF.

Level by level

Holdings135 in both75.1%
Sector11 Sectors96.2%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in IWF and SCHG, widest gap first
Sector	More in IWFMore in SCHG	IWF	SCHG
Consumer Discretionary	SCHG +2.2 points	7.9%	10.1%
Communication	IWF +1.8 points	15.5%	13.7%
Technology	IWF +1.4 points	55.7%	54.3%
Materials	SCHG +0.6 points	0.3%	0.9%
Health Care	SCHG +0.6 points	6.0%	6.6%
Industrials	IWF +0.2 points	7.2%	7.0%
Consumer Staples	IWF +0.2 points	1.3%	1.1%
Utilities	SCHG +0.1 points	0.3%	0.4%
Real Estate	IWF +0.1 points	0.4%	0.3%
Energy	SCHG +0.1 points	0.6%	0.7%
Financials	SCHG +0.1 points	4.9%	5.0%

Country, concentration and asset class

Country by domicile

Country weights in IWF and SCHG, widest gap first
Country	More in IWFMore in SCHG	IWF	SCHG
United States	SCHG +0.1 points	99.7%	99.8%
China	SCHG +0.2 points	0.0%	0.2%
Brazil	IWF +0.2 points	0.2%	0.0%
Canada	IWF +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IWF56.9%
SCHG59.9%

Securities held

IWF373
SCHG187

Asset class

IWF: Equity
SCHG: Equity

Holdings

Only in IWF238
In both135
Only in SCHG52

Only in IWF

238 securities, 15.5% of IWF by weight

Lam Research0.97%
Texas Instrument0.86%
Netflix0.78%
Home Depot0.74%
Oracle0.73%
Amphenol Corp Class A0.61%
Marvell Technology0.58%
Amgen Inc0.53%
Lockheed Martin0.40%
Corning0.31%
Spotify Technology0.27%
Space Exploration Technologies Cor0.24%
Cintas0.23%
Tjx0.22%
Blackstone0.22%
Simon Property Group Reit Inc0.21%
Adobe Inc0.21%
Starbucks Corp0.20%
Marathon Petroleum0.20%
Ross Stores Inc0.19%
Bloom Energy Class A0.19%
Cencora0.19%
American Tower Reit0.17%
American Express0.15%
Fastenal0.15%
Walmart0.14%
Microchip Technology Inc0.13%
Automatic Data Processing Inc0.13%
Nu Holdings Class A0.13%
Rockwell Automation Inc0.13%
Coca-Cola0.13%
AbbVie0.12%
Chipotle Mexican Grill0.12%
Anglogold Ashanti PLC0.12%
Everpure Inc Class A0.11%
Roblox Class A0.10%
Citigroup0.10%
Cummins Inc0.10%
Expedia Group0.10%
Keysight Technologies0.10%
Colgate-Palmolive0.10%
Motorola Solutions Inc0.09%
Jabil0.09%
Dexcom Inc0.09%
Monster Beverage0.09%
Cardinal Health0.08%
Zoetis Inc Class A0.08%
Darden Restaurants Inc0.08%
Ares Management Class A0.08%
Tapestry0.07%

Only in SCHG

52 securities, 8.7% of SCHG by weight

UnitedHealth Group1.00%
Thermo Fisher Scientific0.71%
Linde PLC0.63%
Walt Disney0.52%
BlackRock0.46%
Deere0.45%
Seagate Technology Holdings PLC0.43%
S&P Global0.38%
Vertex Pharmaceuticals0.37%
Parker-Hannifin0.32%
Equinix Reit0.28%
Synopsys0.26%
Regeneron Pharmaceuticals0.22%
Te Connectivity PLC0.18%
Apollo Global Management0.15%
Baker Hughes Class A0.15%
Humana0.14%
Waters Corp0.13%
Veeva Systems Class A0.13%
Roper Technologies0.12%
Diamondback Energy0.11%
Carnival Corp Ltd0.10%
Okta Class A0.10%
Vulcan Materials0.10%
Resmed0.10%
Coinbase Global Class A0.10%
Mettler Toledo0.09%
Martin Marietta Materials0.09%
Teledyne Technologies0.09%
West Pharmaceutical Services0.08%
Hubbell Inc0.06%
Liberty Media Series C0.06%
Ssc Government Mm Gvmxx0.06%
Ptc0.06%
First Citizens Bancshares Class A0.06%
Nutanix Class A0.05%
Circle Internet Group Inc Class A0.04%
Caci International Inc Class A0.04%
Tyler Technologies0.04%
Sun Communities Reit Inc0.04%
Nextpower Inc0.03%
Repligen0.03%
Flutter Entertainment PLC0.03%
Moog Inc Class A0.03%
Paycom Software0.03%
Saia Inc0.02%
Norwegian Cruise Line Holdings0.02%
Kinsale Capital Group Inc0.02%
Chemed0.02%
Snap Inc Class A0.02%

Weight gaps

The 100 widest of 135 Holdings in both funds.

Holding weights in IWF and SCHG, widest gap first
Holding	More in IWFMore in SCHG	IWF	SCHG
Amazon.com IncAMZN	SCHG +5.00 points	0.60%	5.60%
AppleAAPL	SCHG +3.62 points	8.30%	11.92%
MicrosoftMSFT	SCHG +3.23 points	5.98%	9.21%
NVIDIANVDA	IWF +3.04 points	15.14%	12.10%
Alphabet Class AGOOGL	IWF +1.12 points	5.02%	3.90%
Alphabet Class CGOOG	IWF +0.94 points	4.08%	3.14%
Broadcom IncAVGO	IWF +0.68 points	4.88%	4.20%
Costco Wholesale CorpCOST	SCHG +0.61 points	0.59%	1.20%
Tesla IncTSLA	IWF +0.49 points	3.58%	3.09%
Eli LillyLLY	IWF +0.35 points	3.33%	2.98%
Eaton PLCETN	SCHG +0.34 points	0.07%	0.41%
Micron TechnologyMU	IWF +0.34 points	3.20%	2.86%
Uber TechnologiesUBER	SCHG +0.32 points	0.04%	0.36%
Meta Platforms Class AMETA	SCHG +0.33 points	3.41%	3.74%
Advanced Micro DevicesAMD	IWF +0.29 points	2.80%	2.51%
Phillips 66PSX	SCHG +0.28 points	0.02%	0.30%
Constellation Energy CorpCEG	SCHG +0.22 points	0.02%	0.24%
Visa Class AV	IWF +0.21 points	2.11%	1.90%
Mastercard Class AMA	IWF +0.16 points	1.56%	1.40%
IntuitINTU	SCHG +0.17 points	0.08%	0.25%
United RentalsURI	SCHG +0.15 points	0.05%	0.20%
Sherwin WilliamsSHW	SCHG +0.15 points	0.06%	0.21%
Kkr and Co IncKKR	SCHG +0.14 points	0.04%	0.18%
Delta Air LinesDAL	SCHG +0.12 points	<0.01%	0.13%
AutozoneAZO	SCHG +0.12 points	0.02%	0.14%
MsciMSCI	SCHG +0.11 points	<0.01%	0.12%
BoeingBA	SCHG +0.11 points	0.26%	0.37%
Applied Material IncAMAT	IWF +0.11 points	1.02%	0.91%
Ge AerospaceGE	IWF +0.10 points	0.98%	0.88%
Palantir Technologies Class APLTR	IWF +0.10 points	1.33%	1.23%
CoherentCOHR	SCHG +0.10 points	0.03%	0.13%
Workday Class AWDAY	SCHG +0.10 points	<0.01%	0.11%
Moodys CorpMCO	SCHG +0.10 points	0.10%	0.20%
Palo Alto NetworksPANW	IWF +0.09 points	0.93%	0.84%
Caterpillar IncCAT	IWF +0.08 points	0.89%	0.81%
Ge VernovaGEV	IWF +0.09 points	0.73%	0.64%
Royal Caribbean GroupRCL	SCHG +0.08 points	0.13%	0.21%
Transdigm GroupTDG	SCHG +0.08 points	0.10%	0.18%
Crowdstrike Holdings Class ACRWD	IWF +0.08 points	0.80%	0.72%
KlaKLAC	IWF +0.08 points	0.67%	0.59%
SandiskSNDK	IWF +0.06 points	0.59%	0.53%
Arista NetworksANET	IWF +0.06 points	0.58%	0.52%
Ulta Beauty IncULTA	SCHG +0.06 points	0.02%	0.08%
Interactive Brokers Group Inc ClasIBKR	SCHG +0.06 points	0.04%	0.10%
Sofi TechnologiesSOFI	SCHG +0.05 points	<0.01%	0.06%
Intuitive SurgicalISRG	IWF +0.05 points	0.48%	0.43%
Booking HoldingsBKNG	IWF +0.04 points	0.35%	0.31%
Super Micro Computer IncSMCI	SCHG +0.04 points	<0.01%	0.05%
HeicoHEI	SCHG +0.05 points	0.04%	0.09%
DocusignDOCU	SCHG +0.04 points	<0.01%	0.04%
MksMKSI	SCHG +0.04 points	<0.01%	0.04%
Lpl Financial HoldingsLPLA	SCHG +0.04 points	0.02%	0.06%
ServicenowNOW	IWF +0.03 points	0.34%	0.31%
Tradeweb Markets Inc Class ATW	SCHG +0.04 points	<0.01%	0.04%
Rbc BearingsRBC	SCHG +0.03 points	<0.01%	0.04%
Marriott International Class AMAR	SCHG +0.03 points	0.20%	0.23%
Clean Harbors IncCLH	SCHG +0.03 points	<0.01%	0.04%
Trane Technologies PLCTT	IWF +0.03 points	0.29%	0.26%
Vertiv Holdings Class AVRT	IWF +0.03 points	0.29%	0.26%
Cloudflare Class ANET	IWF +0.03 points	0.30%	0.27%
Cadence Design SystemsCDNS	IWF +0.03 points	0.29%	0.26%
Quanta Services IncPWR	IWF +0.03 points	0.29%	0.26%
Western Digital CorpWDC	IWF +0.02 points	0.41%	0.39%
SnowflakeSNOW	IWF +0.03 points	0.34%	0.31%
Howmet AerospaceHWM	IWF +0.03 points	0.25%	0.22%
Datadog Inc Class ADDOG	IWF +0.03 points	0.27%	0.24%
FortinetFTNT	IWF +0.03 points	0.26%	0.23%
NvrNVR	SCHG +0.02 points	0.02%	0.04%
VistraVST	IWF +0.02 points	0.14%	0.12%
Hilton Worldwide HoldingsHLT	IWF +0.02 points	0.24%	0.22%
Doordash Class ADASH	IWF +0.02 points	0.20%	0.18%
Texas Roadhouse IncTXRH	SCHG +0.02 points	0.01%	0.03%
Curtiss WrightCW	SCHG +0.02 points	0.03%	0.05%
Five BelowFIVE	SCHG +0.02 points	0.02%	0.04%
Lennox InternationalLII	SCHG +0.02 points	<0.01%	0.03%
Targa ResourcesTRGP	IWF +0.02 points	0.20%	0.18%
Robinhood Markets Class AHOOD	SCHG +0.02 points	0.18%	0.20%
Airbnb Class AABNB	IWF +0.02 points	0.21%	0.19%
Mckesson CorpMCK	IWF +0.02 points	0.33%	0.31%
AutodeskADSK	IWF +0.02 points	0.16%	0.14%
Tko Group Holdings Inc Class ATKO	SCHG +0.02 points	0.01%	0.03%
Rubrik Class ARBRK	SCHG +0.02 points	0.04%	0.06%
CienaCIEN	IWF +0.02 points	0.15%	0.13%
TeradyneTER	IWF +0.01 points	0.14%	0.13%
Comfort Systems UsaFIX	IWF +0.01 points	0.14%	0.13%
Take Two Interactive SoftwareTTWO	IWF +0.02 points	0.11%	0.09%
Monolithic Power Systems IncMPWR	IWF +0.01 points	0.17%	0.16%
Rocket Lab CorpRKLB	IWF +0.01 points	0.10%	0.09%
ElasticESTC	SCHG +0.02 points	0.01%	0.03%
Astera LabsALAB	IWF +0.02 points	0.14%	0.12%
Dycom Industries IncDY	SCHG +0.01 points	<0.01%	0.02%
NateraNTRA	IWF +0.01 points	0.18%	0.17%
Carvana Class ACVNA	IWF +0.01 points	0.14%	0.13%
Emcor GroupEME	IWF +0.01 points	0.09%	0.08%
Live Nation EntertainmentLYV	IWF +0.01 points	0.09%	0.08%
Atlassian Corp Class ATEAM	IWF +0.01 points	0.10%	0.09%
Talen EnergyTLN	SCHG +0.01 points	0.03%	0.04%
ZscalerZS	IWF +0.01 points	0.08%	0.07%
Axon EnterpriseAXON	Same weight	0.10%	0.10%
InsmedINSM	Same weight	0.07%	0.07%

All 373 IWF 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.

IWF vs SCHG Cost

Overpaying IWF vs SCHG

$2,900

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

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

Amount$10,000

Years30 years

Cost over time

IWF 0.18%
SCHG 0.04%
Overpaying

Year by year

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

Expense ratio

0.18%IWF
0.04%SCHG, cheaper

SCHG0.04%IWF0.18%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

IWF 17th cheapest of 35 funds

IWF vs SCHG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWF 0.37%; SCHG 0.40%, better
Payout (12M): IWF $0.43; SCHG $0.14
Last payment: IWF $0.11; SCHG $0.04
Ex-dividend: IWF Sep 15, 2026; SCHG Sep 23, 2026
Paid on: IWF Sep 18, 2026; SCHG Sep 28, 2026
Frequency: IWF Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWFQuarterly · 39 paymentsAll IWF payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

IWF vs SCHG Risk

Fall from peak · 5 years

IWF
SCHG

Risk facts

VolatilityStd dev, 3 years: IWF 16.8%SCHG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: IWF 1.01SCHG 1.16, better
Worst fallMax drawdown, 5 years: IWF −32.7%, betterSCHG −34.6%
Market sensitivityBeta, 5 years: IWF 1.17SCHG 1.20; Market = 1

IWF 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, 2026IWFSCHG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IWFSCHG
Head-to-Head
SPYM leads IWF by 9.4 percentage points in 2026. They are not the same bet
Oct 21, 2026IWF
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IWF
First-Year Review
Polen Focus Growth ETF lags the Russell 1000 Growth in its first year
Sep 30, 2026IWF
ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026IWF

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IWF vs SCHG

In short

Stated mandate

Why people hold it