IWY vs SCHG: Grades, Fees and Holdings Compared

iShares Russell Top 200 Growth ETF

IWYBNYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

71.9%by weight

Expense ratio

SCHG −0.16pt a year

IWY0.20%SCHG0.04%

Avg volume · 30D

SCHG 20.7×the volume

IWY368KSCHG7.59M

10Y return · a year

IWY+18.5%SCHG+18.5%

IWY vs SCHG Performance

Oct 29, 2021 – Oct 30, 2026

+71.1%IWY+74.3%SCHG

Expense ratio: IWY 0.20%; SCHG 0.04%, better
Fund size: IWY $15.1B; SCHG $61.7B
1Y total return: IWY −2.3%; SCHG +3.3%, better
Yield (12M): IWY 0.35%; SCHG 0.40%, better
Holdings: IWY 103; SCHG 187
Avg volume (30D): IWY 368K sh; SCHG 7.59M sh, better
NAV per share: IWY $276.89; SCHG $34.31
52W range

ETF.net Grade

Pillar letters and Scores for IWY, SCHG, with each pillar’s weight
Pillar	IWY	SCHG
Cost30% weight	C41	A96Higher
Mission25% weight	A100Higher	A92
Risk15% weight	D28	C41Higher
Tradability15% weight	A76	A87Higher
Holdings10% weight	D35	D36Higher
Durability5% weight	B69	A75Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. IWY 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 IWY 19th 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 19BIWOiShares Russell 2000 Growth ETFScore 59
Rank 19BIWYiShares Russell Top 200 Growth ETFScore 59
Rank 19BSNPGXtrackers S&P 500 Growth Scored & Screened ETFScore 59

Our read on each fund

ETF.net Research

IWYBiShares Russell Top 200 Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

IWY IWY takes the growth half of America's largest companies: about 100 stocks from the Russell Top 200 Growth Index, screened on growth forecasts and sales growth. Big-company growth, and only big-company 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

IWY The fund seeks to track an index of large-capitalization U.S. equities selected for growth characteristics, including growth forecasts and sales growth. It provides targeted exposure to U.S. large-cap growth stocks.

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

IWY The mandate is literal. An index of large-cap US names selected on growth forecasts and sales growth, and a portfolio that stays tightly matched to it.ishares.com
About 100 holdings, so you get concentrated growth exposure rather than a diluted slice of the whole market wearing a growth label.
Live since 2009 and a multi-billion-dollar fund under the iShares roof, with the operational track record that implies.

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

IWY At 0.20% a year it costs more than the cheapest large-cap growth trackers: VUG charges 0.03% and SCHG 0.04%.
A roughly 100-stock big-cap growth roster concentrates the outcome in a handful of household names. It rides with them in both directions.
Distributions arrive quarterly, but a growth screen leans toward companies that reinvest rather than pay out. Income is a byproduct here.

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 IWY profile⁠

Full SCHG profile⁠

IWY vs SCHG Holdings

How IWY and SCHG differ

Overlap by weight

71.9%

Shared holdings make up 87.0% of IWY and 84.7% of SCHG.

Level by level

Holdings55 in both71.9%
Sector11 Sectors95.1%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in IWY and SCHG, widest gap first
Sector	More in IWYMore in SCHG	IWY	SCHG
Technology	IWY +2.7 points	57.0%	54.3%
Consumer Discretionary	SCHG +1.8 points	8.3%	10.1%
Communication	IWY +1.2 points	14.9%	13.7%
Materials	SCHG +0.8 points	0.1%	0.9%
Health Care	SCHG +0.8 points	5.8%	6.6%
Financials	IWY +0.7 points	5.7%	5.0%
Energy	SCHG +0.6 points	0.1%	0.7%
Utilities	SCHG +0.4 points	0.0%	0.4%
Industrials	SCHG +0.3 points	6.7%	7.0%
Consumer Staples	IWY +0.3 points	1.4%	1.1%
Real Estate	SCHG +0.1 points	0.2%	0.3%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

IWY60.5%
SCHG59.9%

Securities held

IWY101
SCHG187

Asset class

IWY: Equity
SCHG: Equity

Holdings

Only in IWY46
In both55
Only in SCHG132

Only in IWY

46 securities, 13.0% of IWY by weight

Lam Research1.14%
Texas Instrument1.05%
Netflix0.98%
Home Depot0.93%
Oracle0.86%
Amphenol Corp Class A0.74%
Amgen Inc0.68%
Marvell Technology0.65%
Lockheed Martin0.49%
Corning0.37%
Spotify Technology0.36%
Cintas0.29%
Space Exploration Technologies Cor0.29%
Tjx0.27%
Blackstone0.27%
Adobe Inc0.26%
Starbucks Corp0.25%
Ross Stores Inc0.24%
American Tower Reit0.22%
Bloom Energy Class A0.22%
American Express0.19%
Walmart0.18%
Automatic Data Processing Inc0.17%
Coca-Cola0.16%
AbbVie0.16%
Nu Holdings Class A0.15%
Colgate-Palmolive0.12%
Citigroup0.12%
Cummins Inc0.12%
Motorola Solutions Inc0.12%
Monster Beverage0.12%
Waste Management Inc0.09%
Illinois Tool Inc0.09%
Pepsico0.08%
Bank of America0.08%
Brookfield Asset Management Voting0.06%
Dell Technologies Inc Class C0.06%
Analog Devices0.06%
Valero Energy Corp0.05%
3M0.05%
Union Pacific0.05%
Charles Schwab0.04%
Bank of New York Mellon Corp0.02%
Public Storage Reit0.02%
Johnson Controls International PLC0.02%
Southern Copper Corp0.01%

Only in SCHG

132 securities, 15.3% 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%
Snowflake0.31%
Phillips0.30%
Equinix Reit0.28%
Cloudflare Class A0.27%
Synopsys0.26%
Datadog Inc Class A0.24%
Lumentum Holdings0.22%
Regeneron Pharmaceuticals0.22%
Royal Caribbean Group0.21%
United Rentals0.20%
Robinhood Markets Class A0.20%
Targa Resources0.18%
Te Connectivity PLC0.18%
Natera0.17%
Ww Grainger Inc0.16%
Apollo Global Management0.15%
Baker Hughes Class A0.15%
Autodesk0.14%
Humana0.14%
Delta Air Lines0.13%
Waters Corp0.13%
Coherent0.13%
Teradyne0.13%
Comfort Systems Usa0.13%
Veeva Systems Class A0.13%
Astera Labs0.12%
Idexx Laboratories0.12%
Msci0.12%
Vistra0.12%
Roper Technologies0.12%
Diamondback Energy0.11%
Workday Class A0.11%
Revolution Medicines0.10%
Carnival Corp Ltd0.10%
Okta Class A0.10%
Vulcan Materials0.10%
Resmed0.10%
Coinbase Global Class A0.10%
Axon Enterprise0.10%
Take Two Interactive Software0.09%

Weight gaps

All 55 Holdings in both funds, largest gap first.

Holding weights in IWY and SCHG, widest gap first
Holding	More in IWYMore in SCHG	IWY	SCHG
Amazon.com IncAMZN	SCHG +4.86 points	0.74%	5.60%
AppleAAPL	SCHG +3.21 points	8.71%	11.92%
MicrosoftMSFT	SCHG +2.74 points	6.47%	9.21%
NVIDIANVDA	IWY +2.65 points	14.75%	12.10%
Eli LillyLLY	IWY +1.25 points	4.23%	2.98%
Alphabet Class AGOOGL	IWY +1.24 points	5.14%	3.90%
Tesla IncTSLA	IWY +1.19 points	4.28%	3.09%
Alphabet Class CGOOG	IWY +1.03 points	4.17%	3.14%
Broadcom IncAVGO	IWY +0.96 points	5.16%	4.20%
Visa Class AV	IWY +0.78 points	2.68%	1.90%
Micron TechnologyMU	IWY +0.74 points	3.60%	2.86%
Mastercard Class AMA	IWY +0.57 points	1.97%	1.40%
Advanced Micro DevicesAMD	IWY +0.52 points	3.03%	2.51%
Costco Wholesale CorpCOST	SCHG +0.45 points	0.75%	1.20%
Palantir Technologies Class APLTR	IWY +0.33 points	1.56%	1.23%
Eaton PLCETN	SCHG +0.33 points	0.08%	0.41%
Uber TechnologiesUBER	SCHG +0.31 points	0.05%	0.36%
Ge AerospaceGE	IWY +0.31 points	1.19%	0.88%
Palo Alto NetworksPANW	IWY +0.29 points	1.13%	0.84%
Caterpillar IncCAT	IWY +0.27 points	1.08%	0.81%
Applied Material IncAMAT	IWY +0.27 points	1.18%	0.91%
Ge VernovaGEV	IWY +0.24 points	0.88%	0.64%
Crowdstrike Holdings Class ACRWD	IWY +0.24 points	0.96%	0.72%
Constellation Energy CorpCEG	SCHG +0.22 points	0.02%	0.24%
Meta Platforms Class AMETA	IWY +0.21 points	3.95%	3.74%
KlaKLAC	IWY +0.20 points	0.79%	0.59%
Arista NetworksANET	IWY +0.15 points	0.67%	0.52%
Intuitive SurgicalISRG	IWY +0.15 points	0.58%	0.43%
IntuitINTU	SCHG +0.14 points	0.11%	0.25%
Booking HoldingsBKNG	IWY +0.13 points	0.44%	0.31%
Sherwin WilliamsSHW	SCHG +0.13 points	0.08%	0.21%
Kkr and Co IncKKR	SCHG +0.13 points	0.05%	0.18%
SandiskSNDK	IWY +0.11 points	0.64%	0.53%
AutozoneAZO	SCHG +0.11 points	0.03%	0.14%
Mckesson CorpMCK	IWY +0.11 points	0.42%	0.31%
ServicenowNOW	IWY +0.10 points	0.41%	0.31%
Western Digital CorpWDC	IWY +0.09 points	0.48%	0.39%
Quanta Services IncPWR	IWY +0.09 points	0.35%	0.26%
Trane Technologies PLCTT	IWY +0.09 points	0.35%	0.26%
Cadence Design SystemsCDNS	IWY +0.09 points	0.35%	0.26%
Vertiv Holdings Class AVRT	IWY +0.08 points	0.34%	0.26%
Hilton Worldwide HoldingsHLT	IWY +0.08 points	0.30%	0.22%
FortinetFTNT	IWY +0.09 points	0.32%	0.23%
Howmet AerospaceHWM	IWY +0.08 points	0.30%	0.22%
Doordash Class ADASH	IWY +0.08 points	0.26%	0.18%
Airbnb Class AABNB	IWY +0.07 points	0.26%	0.19%
Moodys CorpMCO	SCHG +0.07 points	0.13%	0.20%
Monolithic Power Systems IncMPWR	IWY +0.06 points	0.22%	0.16%
Transdigm GroupTDG	SCHG +0.06 points	0.12%	0.18%
Interactive Brokers Group Inc ClasIBKR	SCHG +0.05 points	0.05%	0.10%
BoeingBA	SCHG +0.05 points	0.32%	0.37%
Carvana Class ACVNA	IWY +0.05 points	0.18%	0.13%
CienaCIEN	IWY +0.04 points	0.17%	0.13%
Applovin Class AAPP	IWY +0.02 points	0.21%	0.19%
Marriott International Class AMAR	IWY +0.02 points	0.25%	0.23%

All 101 IWY 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.

IWY vs SCHG Cost

Overpaying IWY vs SCHG

$3,306

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

IWY 0.20%
$4,155
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IWY 0.20%
SCHG 0.04%
Overpaying

Year by year

Year	IWY	SCHG	Overpaying
10	$365	$73	$292
20	$1,421	$288	$1,133
30	$4,155	$849	$3,306

Expense ratio

0.20%IWY
0.04%SCHG, cheaper

SCHG0.04%IWY0.20%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

IWY 21st cheapest of 35 funds

IWY vs SCHG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWY 0.35%; SCHG 0.40%, better
Payout (12M): IWY $0.97; SCHG $0.14
Last payment: IWY $0.23; SCHG $0.04
Ex-dividend: IWY Sep 15, 2026; SCHG Sep 23, 2026
Paid on: IWY Sep 18, 2026; SCHG Sep 28, 2026
Frequency: IWY Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWYQuarterly · 40 paymentsAll IWY payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

IWY vs SCHG Risk

Fall from peak · 5 years

IWY
SCHG

Risk facts

VolatilityStd dev, 3 years: IWY 16.9%SCHG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: IWY 1.03SCHG 1.16, better
Worst fallMax drawdown, 5 years: IWY −32.7%, betterSCHG −34.6%
Market sensitivityBeta, 5 years: IWY 1.17SCHG 1.20; Market = 1

IWY 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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IWY vs SCHG

In short

Stated mandate

Why people hold it

Worth knowing

How IWY and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWY

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 IWY and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWY

Only in SCHG

Weight gaps

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