SCHG vs SPYG: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Overlap

73.7%by weight

Expense ratio

SCHG0.04%SPYG0.04%

Avg volume · 30D

SCHG 3.2×the volume

SCHG7.94MSPYG2.47M

10Y return · a year

SCHG +0.9pt

SCHG+18.2%SPYG+17.3%

SCHG vs SPYG Performance

Nov 9, 2021 – Nov 9, 2026

+69.8%SCHG+68.4%SPYG

Expense ratio: SCHG 0.04%; SPYG 0.04%
Fund size: SCHG $59.7B; SPYG $51.7B
1Y total return: SCHG +5.8%; SPYG +10.0%, better
Yield (12M): SCHG 0.41%; SPYG 0.51%, better
Holdings: SCHG 187; SPYG 155
Avg volume (30D): SCHG 7.94M sh, better; SPYG 2.47M sh
NAV per share: SCHG $33.13; SPYG $112.22
52W range

ETF.net Grade

Pillar letters and Scores for SCHG, SPYG, with each pillar’s weight
Pillar	SCHG	SPYG
Cost30% weight	A96	A96
Mission25% weight	A93	A98Higher
Risk15% weight	C40	B61Higher
Tradability15% weight	A88	A95Higher
Holdings10% weight	D35	D36Higher
Durability5% weight	A75	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. SCHG and SPYG 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 ›

SPYG ranks 1st and SCHG 2nd 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

Our read on each fund

ETF.net Research

SCHGASchwab U.S. Large-Cap Growth ETF

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

In short

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.

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

Stated mandate

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.

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

Why people hold it

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.

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

Worth knowing

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.

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

Full SCHG profile⁠

Full SPYG profile⁠

SCHG vs SPYG Holdings

How SCHG and SPYG differ

Overlap by weight

73.7%

Shared holdings make up 86.6% of SCHG and 80.3% of SPYG.

Level by level

Holdings84 in both73.7%
Sector11 Sectors93.7%
Asset classStocks100%
Countryby domicile99.9%

Sector

Sector weights in SCHG and SPYG, widest gap first
Sector	Gap	SCHG	SPYG
Financials	SPYG +4.2 points	5.9%	10.1%
Consumer Discretionary	SCHG +2.6 points	11.6%	9.0%
Communication	SPYG +1.8 points	12.6%	14.4%
Technology	SCHG +1.0 points	51.6%	50.6%
Industrials	SCHG +0.9 points	6.5%	5.6%
Materials	SCHG +0.7 points	1.1%	0.4%
Energy	SCHG +0.7 points	0.7%	0.0%
Real Estate	SPYG +0.4 points	0.3%	0.7%
Health Care	SCHG +0.2 points	7.8%	7.6%
Utilities	SCHG +0.1 points	0.4%	0.3%
Consumer Staples	SCHG +0.1 points	1.4%	1.3%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

SCHG61.0%
SPYG60.1%

Securities held

SCHG186
SPYG153

Asset class

SCHG: Stocks
SPYG: Stocks

Holdings

Only in SCHG102
In both84
Only in SPYG69

Only in SCHG

102 securities, 13.4% of SCHG by weight

Costco Wholesale Corp1.35%
UnitedHealth Group1.02%
Thermo Fisher Scientific0.74%
Linde PLC0.69%
Walt Disney0.58%
BlackRock0.49%
Deere0.49%
Vertex Pharmaceuticals0.40%
Eaton PLC0.38%
Mckesson Corp0.36%
Equinix Reit0.29%
Phillips0.28%
Snowflake0.28%
Western Digital Corp0.27%
Regeneron Pharmaceuticals0.25%
Synopsys0.25%
Cloudflare Class A0.25%
Sherwin Williams0.23%
Ww Grainger Inc0.18%
Targa Resources0.16%
Delta Air Lines0.15%
Humana0.15%
Baker Hughes Class A0.14%
Roper Technologies0.14%
Waters Corp0.13%
Natera0.13%
Revolution Medicines0.11%
Vulcan Materials0.11%
Diamondback Energy0.11%
Heico0.09%
Martin Marietta Materials0.09%
Coinbase Global Class A0.09%
Astera Labs0.09%
Rocket Lab Corp0.08%
Teledyne Technologies0.08%
West Pharmaceutical Services0.08%
Ssc Government Mm Gvmxx0.08%
Liberty Media Series C0.08%
Mongodb Class A0.07%
Insmed0.07%
Atlassian Corp Class A0.07%
Lpl Financial Holdings0.07%
Hubbell Inc0.07%
Coupang Class A0.06%
Ptc0.06%
Sofi Technologies0.06%
Zscaler0.06%
Credo Technology Group Holding Ltd0.06%
Affirm Holdings Class A0.06%
First Citizens Bancshares Class A0.06%

Only in SPYG

69 securities, 19.7% of SPYG by weight

Berkshire Hathaway Inc Class B3.16%
JPMorgan Chase & Co1.80%
Johnson & Johnson1.17%
Netflix Inc0.78%
Rtx Corp0.76%
Lam Research Corp0.75%
AbbVie Inc0.70%
Cisco Systems Inc0.58%
Amphenol Corp Class A0.55%
Welltower Inc0.53%
Philip Morris International0.51%
Amgen Inc0.50%
Goldman Sachs Group Inc0.49%
Coca Cola Co/The0.46%
Morgan Stanley0.39%
Newmont Corp0.38%
Intl Business Machines Corp0.36%
Oracle Corp0.35%
American Express Co0.34%
Gilead Sciences Inc0.33%
McDonald’s Corp0.26%
Tjx Companies Inc0.24%
Progressive Corp0.22%
Hca Healthcare Inc0.22%
O Reilly Automotive Inc0.22%
Monster Beverage Corp0.19%
Bank of New York Mellon Corp0.19%
Cme Group Inc0.18%
Marvell Technology Inc0.17%
Corning Inc0.17%
Johnson Controls Internation0.16%
Bloom Energy Corp A0.15%
Stryker Corp0.14%
General Dynamics Corp0.14%
Cummins Inc0.12%
Boston Scientific Corp0.12%
Ebay Inc0.11%
Ross Stores Inc0.11%
Everpure Inc A0.10%
Twilio Inc A0.09%
Simon Property Group Inc0.09%
Expedia Group Inc0.09%
Edwards Lifesciences Corp0.08%
Tapestry Inc0.08%
Flex Ltd0.08%
Verisign Inc0.07%
Ventas Inc0.07%
Rockwell Automation Inc0.07%
First Solar Inc0.06%
Yum Brands Inc0.06%

Weight gaps

All 84 Holdings in both funds, largest gap first.

Holding weights in SCHG and SPYG, widest gap first
Holding	Gap	SCHG	SPYG
AppleAAPL	SCHG +5.00 points	12.42%	7.42%
Amazon Com IncAMZN	SCHG +2.31 points	6.32%	4.01%
NVIDIANVDA	SPYG +2.19 points	11.23%	13.42%
MicrosoftMSFT	SPYG +1.92 points	9.79%	11.71%
Tesla IncTSLA	SCHG +1.05 points	2.91%	1.86%
Visa Class AV	SCHG +0.90 points	2.08%	1.18%
Alphabet Class AGOOGL	SPYG +0.82 points	4.15%	4.97%
Alphabet Class CGOOG	SPYG +0.66 points	3.35%	4.01%
Mastercard Class AMA	SCHG +0.47 points	1.52%	1.05%
Ge AerospaceGE	SCHG +0.45 points	0.97%	0.52%
Broadcom IncAVGO	SPYG +0.35 points	3.80%	4.15%
Palo Alto NetworksPANW	SCHG +0.31 points	0.74%	0.43%
S&P GlobalSPGI	SCHG +0.23 points	0.41%	0.18%
BoeingBA	SCHG +0.22 points	0.40%	0.18%
Parker-HannifinPH	SCHG +0.15 points	0.34%	0.19%
Airbnb Class AABNB	SCHG +0.12 points	0.23%	0.11%
Meta Platforms Class AMETA	SPYG +0.12 points	3.88%	4.00%
Trane Technologies PLCTT	SCHG +0.12 points	0.26%	0.14%
IntuitINTU	SCHG +0.11 points	0.27%	0.16%
ServicenowNOW	SCHG +0.11 points	0.30%	0.19%
MoodysMCO	SCHG +0.11 points	0.22%	0.11%
Seagate Technology Holdings PLCSTX	SCHG +0.10 points	0.30%	0.20%
Eli LillyLLY	SPYG +0.10 points	3.12%	3.22%
Cadence Design SystemsCDNS	SCHG +0.10 points	0.26%	0.16%
Kkr and Co IncKKR	SCHG +0.08 points	0.19%	0.11%
United RentalsURI	SCHG +0.08 points	0.19%	0.11%
FortinetFTNT	SCHG +0.07 points	0.21%	0.14%
Carvana Class ACVNA	SCHG +0.07 points	0.15%	0.08%
Constellation Energy CorpCEG	SCHG +0.08 points	0.24%	0.16%
Apollo Global ManagementAPO	SCHG +0.07 points	0.16%	0.09%
Micron TechnologyMU	SPYG +0.07 points	2.25%	2.32%
Advanced Micro DevicesAMD	SPYG +0.07 points	2.11%	2.18%
AutodeskADSK	SCHG +0.06 points	0.16%	0.10%
MsciMSCI	SCHG +0.06 points	0.13%	0.07%
Workday Class AWDAY	SCHG +0.06 points	0.11%	0.05%
Take Two Interactive SoftwareTTWO	SCHG +0.05 points	0.11%	0.06%
Te Connectivity PLCTEL	SCHG +0.05 points	0.17%	0.12%
Mettler ToledoMTD	SCHG +0.05 points	0.10%	0.05%
AutozoneAZO	SCHG +0.05 points	0.15%	0.10%
Veeva Systems Class AVEEV	SCHG +0.05 points	0.13%	0.08%
ResmedRMD	SCHG +0.04 points	0.10%	0.06%
TeradyneTER	SCHG +0.04 points	0.10%	0.06%
Live Nation EntertainmentLYV	SCHG +0.04 points	0.08%	0.04%
Palantir Technologies Class APLTR	SPYG +0.04 points	1.06%	1.10%
Applied Material IncAMAT	SPYG +0.03 points	0.76%	0.79%
Caterpillar IncCAT	SPYG +0.02 points	0.74%	0.76%
Axon EnterpriseAXON	SCHG +0.02 points	0.07%	0.05%
Fair IsaacFICO	SCHG +0.02 points	0.04%	0.02%
Crowdstrike Holdings Class ACRWD	SPYG +0.02 points	0.64%	0.66%
Ge VernovaGEV	SPYG +0.02 points	0.59%	0.61%
Arista NetworksANET	SPYG +0.01 points	0.52%	0.53%
KlaKLAC	SPYG +0.02 points	0.52%	0.54%
Reddit Class ARDDT	SCHG +0.01 points	0.04%	0.03%
Intuitive SurgicalISRG	SPYG +0.02 points	0.46%	0.48%
Uber TechnologiesUBER	SPYG +0.02 points	0.40%	0.42%
SandiskSNDK	SPYG +0.01 points	0.35%	0.36%
Booking HoldingsBKNG	SPYG +0.01 points	0.35%	0.36%
Norwegian Cruise Line HoldingsNCLH	SCHG +0.01 points	0.02%	0.01%
Marriott International Class AMAR	Same weight	0.26%	0.26%
Hilton Worldwide HoldingsHLT	SPYG +0.01 points	0.24%	0.25%
Applovin Class AAPP	Same weight	0.31%	0.31%
Transdigm GroupTDG	SPYG +0.01 points	0.19%	0.20%
Vertiv Holdings Class AVRT	SPYG +0.01 points	0.20%	0.21%
Quanta Services IncPWR	Same weight	0.24%	0.24%
Doordash Class ADASH	SPYG +0.01 points	0.19%	0.20%
Robinhood Markets Class AHOOD	SPYG +0.01 points	0.18%	0.19%
Royal Caribbean GroupRCL	Same weight	0.24%	0.24%
Howmet AerospaceHWM	Same weight	0.24%	0.24%
Monolithic Power Systems IncMPWR	Same weight	0.17%	0.17%
Datadog Inc Class ADDOG	SPYG +0.01 points	0.17%	0.18%
Idexx LaboratoriesIDXX	SPYG +0.01 points	0.15%	0.16%
Interactive Brokers Group Inc ClasIBKR	Same weight	0.10%	0.10%
Comfort Systems UsaFIX	SPYG +0.01 points	0.10%	0.11%
Lumentum HoldingsLITE	Same weight	0.14%	0.14%
Carnival Corp LtdCCL	Same weight	0.11%	0.11%
CienaCIEN	Same weight	0.10%	0.10%
Okta Class AOKTA	Same weight	0.08%	0.08%
VistraVST	SPYG +0.01 points	0.11%	0.12%
Ulta Beauty IncULTA	Same weight	0.08%	0.08%
CoherentCOHR	Same weight	0.11%	0.11%
Caseys General Stores IncCASY	SPYG +0.01 points	0.07%	0.08%
Emcor GroupEME	Same weight	0.08%	0.08%
InsuletPODD	Same weight	0.03%	0.03%
Tko Group Holdings Inc Class ATKO	Same weight	0.03%	0.03%

All 189 SCHG holdings⁠All 153 SPYG 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.

SCHG vs SPYG Cost

Same expense ratio

$849

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

SCHG 0.04%
$849
SPYG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

SCHG 0.04%
SPYG 0.04%

Year by year

Year	SCHG	SPYG
10	$73	$73
20	$288	$288
30	$849	$849

Expense ratio

0.04%SCHG
0.04%SPYG

SCHG0.04%SPYG0.04%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

SPYG 2nd cheapest of 35 funds

SCHG vs SPYG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): SCHG 0.41%; SPYG 0.51%, better
Payout (12M): SCHG $0.14; SPYG $0.59
Last payment: SCHG $0.04; SPYG $0.15
Ex-dividend: SCHG Sep 23, 2026; SPYG Sep 21, 2026
Paid on: SCHG Sep 28, 2026; SPYG Sep 23, 2026
Frequency: SCHG Quarterly; SPYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

SCHG vs SPYG Risk

Fall from peak · 5 years

SCHG
SPYG

Risk facts

VolatilityStd dev, 3 years: SCHG 16.5%SPYG 16.5%
Return per unit of riskSharpe ratio, 3 years: SCHG 1.16SPYG 1.28, better
Worst fallMax drawdown, 5 years: SCHG −34.6%SPYG −32.7%, better
Market sensitivityBeta, 5 years: SCHG 1.20SPYG 1.18; Market = 1

SCHG and SPYG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SCHGSPYG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SCHGSPYG
Head-to-Head
SCHX is the one fund, unless you want SCHG's growth bet
Nov 5, 2026SCHG

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SCHG vs SPYG

In short

Stated mandate

Why people hold it