IWO vs SCHG: Grades, Fees and Holdings Compared

iShares Russell 2000 Growth ETF

IWOBNYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

0.0%by weight

Expense ratio

SCHG −0.20pt a year

IWO0.24%SCHG0.04%

Avg volume · 30D

SCHG 17.3×the volume

IWO459KSCHG7.94M

10Y return · a year

SCHG +8.0pt

IWO+10.2%SCHG+18.2%

IWO vs SCHG Performance

Nov 9, 2021 – Nov 9, 2026

+13.4%IWO+69.8%SCHG

Expense ratio: IWO 0.24%; SCHG 0.04%, better
Fund size: IWO $13.7B; SCHG $59.7B
1Y total return: IWO +11.8%, better; SCHG +5.8%
Yield (12M): IWO 0.47%, better; SCHG 0.41%
Holdings: IWO 1118; SCHG 187
Avg volume (30D): IWO 459K sh; SCHG 7.94M sh, better
NAV per share: IWO $343.90; SCHG $33.13
52W range

ETF.net Grade

Pillar letters and Scores for IWO, SCHG, with each pillar’s weight
Pillar	IWO	SCHG
Cost30% weight	D37	A96Higher
Mission25% weight	A86	A93Higher
Risk15% weight	D38	C40Higher
Tradability15% weight	B68	A88Higher
Holdings10% weight	A82Higher	D35
Durability5% weight	A71	A75Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. IWO 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 IWO 16th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 4AILCGiShares Morningstar Growth ETFScore 77
Rank 16BGGUSGoldman Sachs MarketBeta Russell 1000 Growth Equity ETFScore 60
Rank 16BIWOiShares Russell 2000 Growth ETFScore 60
Rank 16BIWPiShares Russell Mid-Cap Growth ETFScore 60

Our read on each fund

ETF.net Research

IWOBiShares Russell 2000 Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

IWO 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

IWO 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

IWO 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

IWO 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 IWO profile⁠

Full SCHG profile⁠

IWO vs SCHG Holdings

How IWO and SCHG differ

Overlap by weight

0.0%

Level by level

Holdings0 in both0.0%
Sector11 Sectors54.6%
Countryby domicile98.8%
Asset classStocks100%

Sector

Sector weights in IWO and SCHG, widest gap first
Sector	Gap	IWO	SCHG
Technology	SCHG +33.5 points	18.1%	51.6%
Health Care	IWO +22.3 points	30.1%	7.8%
Communication	SCHG +10.1 points	2.5%	12.6%
Industrials	IWO +8.7 points	15.2%	6.5%
Financials	IWO +4.6 points	10.5%	5.9%
Energy	IWO +4.2 points	4.9%	0.7%
Materials	IWO +3.0 points	4.1%	1.1%
Real Estate	IWO +2.2 points	2.5%	0.3%
Consumer Discretionary	SCHG +1.6 points	10.0%	11.6%
Consumer Staples	IWO +0.5 points	1.9%	1.4%
Utilities	SCHG +0.1 points	0.3%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in IWO and SCHG, widest gap first
Country	More in IWOMore in SCHG	Gap	IWO	SCHG
United States		SCHG +1.0 points	98.8%	99.8%
Other countries (11)		IWO +1.0 points	1.2%	0.2%

Concentration

Weight in the 10 largest Holdings

IWO6.6%
SCHG61.0%

Securities held

IWO1,115
SCHG186

Asset class

IWO: Stocks
SCHG: Stocks

Holdings

Only in IWO1,115
In both0
Only in SCHG186

Only in IWO

1,115 securities, 99.8% of IWO by weight

Glaukos0.89%
Brightspring Health Services Inc0.78%
Jfrog0.76%
Moog Inc Class A0.64%
Brinker International Inc0.62%
Ryman Hospitality Properties Reit0.62%
Healthequity0.60%
Tg Therapeutics0.60%
Protagonist Therapeutics0.56%
Twist Bioscience0.55%
Spyre Therapeutics Inc0.55%
Victoria’s Secret0.55%
Krystal Biotech0.54%
Firstcash Holdings Inc0.52%
Interdigital Inc0.52%
Oscar Health Class A0.51%
Silicon Laboratories0.51%
Zeta Global Holdings Class A0.49%
Praxis Precision Medicines0.48%
Frontdoor Inc0.48%
10X Genomics Class A0.48%
Federal Signal Corp0.48%
Qualys0.47%
Kymera Therapeutics0.47%
Abercrombie and Fitch Class A0.46%
Commvault Systems0.46%
Zurn Elkay Water Solutions Corp0.45%
Lantheus Holdings0.45%
Rhythm Pharmaceuticals0.45%
Compass Inc Class A0.44%
Casella Waste Systems Class A0.43%
Aci Worldwide0.43%
Ligand Pharmaceuticals0.43%
Alkermes0.42%
Esco Technologies0.42%
Vaxcyte0.41%
Xometry Class A0.41%
Stonex Group Inc0.41%
Magnolia Oil Gas Corp Class A0.39%
Hims Hers Health Class A0.39%
Cg Oncology0.39%
Varonis Systems0.39%
Radnet0.38%
Balchem0.37%
Clear Secure Class A0.37%
Cogent Biosciences0.36%
Installed Building Products0.36%
Enpro0.36%
Plexus Corp0.36%
Haemonetics Corp0.36%

Only in SCHG

186 securities, 99.99% of SCHG by weight

Apple12.42%
NVIDIA11.23%
Microsoft9.79%
Amazon Com Inc6.32%
Alphabet Class A4.15%
Meta Platforms Class A3.88%
Broadcom Inc3.80%
Alphabet Class C3.35%
Eli Lilly3.12%
Tesla Inc2.91%
Micron Technology2.25%
Advanced Micro Devices2.11%
Visa Class A2.08%
Mastercard Class A1.52%
Costco Wholesale Corp1.35%
Palantir Technologies Class A1.06%
UnitedHealth Group1.02%
Ge Aerospace0.97%
Applied Material Inc0.76%
Thermo Fisher Scientific0.74%
Caterpillar Inc0.74%
Palo Alto Networks0.74%
Linde PLC0.69%
Crowdstrike Holdings Class A0.64%
Ge Vernova0.59%
Walt Disney0.58%
Kla0.52%
Arista Networks0.52%
BlackRock0.49%
Deere0.49%
Intuitive Surgical0.46%
S&P Global0.41%
Uber Technologies0.40%
Vertex Pharmaceuticals0.40%
Boeing0.40%
Eaton PLC0.38%
Mckesson Corp0.36%
Sandisk0.35%
Booking Holdings0.35%
Parker-Hannifin0.34%
Applovin Class A0.31%
Servicenow0.30%
Seagate Technology Holdings PLC0.30%
Equinix Reit0.29%
Phillips0.28%
Snowflake0.28%
Western Digital Corp0.27%
Intuit0.27%
Marriott International Class A0.26%
Trane Technologies PLC0.26%

Weight gaps

IWO and SCHG share no securities.

All 1,118 IWO 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.

IWO vs SCHG Cost

Overpaying IWO vs SCHG

$4,110

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

IWO 0.24%
$4,959
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IWO 0.24%
SCHG 0.04%
Overpaying

Year by year

Year	IWO	SCHG	Overpaying
10	$437	$73	$364
20	$1,699	$288	$1,411
30	$4,959	$849	$4,110

Expense ratio

0.24%IWO
0.04%SCHG, cheaper

SCHG0.04%IWO0.24%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

IWO 23rd cheapest of 35 funds

IWO vs SCHG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IWO 0.47%, better; SCHG 0.41%
Payout (12M): IWO $1.69; SCHG $0.14
Last payment: IWO $0.41; SCHG $0.04
Ex-dividend: IWO Sep 15, 2026; SCHG Sep 23, 2026
Paid on: IWO Sep 18, 2026; SCHG Sep 28, 2026
Frequency: IWO Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWOQuarterly · 39 paymentsAll IWO payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

IWO vs SCHG Risk

Fall from peak · 5 years

IWO
SCHG

Risk facts

VolatilityStd dev, 3 years: IWO 20.6%SCHG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: IWO 0.78SCHG 1.16, better
Worst fallMax drawdown, 5 years: IWO −40.2%SCHG −34.6%, better
Market sensitivityBeta, 5 years: IWO 1.43SCHG 1.20; Market = 1

IWO and SCHG in the news

All news⁠

Head-to-Head
SCHX is the one fund, unless you want SCHG's growth bet
Nov 5, 2026SCHG
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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IWO vs SCHG

In short

Stated mandate

Why people hold it