SCHG vs SPYM: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

Overlap

57.8%by weight

Expense ratio

SPYM −0.02pt a year

SCHG0.04%SPYM0.02%

Avg volume · 30D

SPYM 1.6×the volume

SCHG7.51MSPYM12.1M

10Y return · a year

SCHG +3.2pt

SCHG+18.9%SPYM+15.7%

SCHG vs SPYM Performance

Oct 28, 2021 – Oct 28, 2026

+81.9%SCHG+80.7%SPYM

Expense ratio: SCHG 0.04%; SPYM 0.02%, better
Fund size: SCHG $64B; SPYM $183B
1Y total return: SCHG +6.8%; SPYM +13.7%, better
Yield (12M): SCHG 0.39%; SPYM 1.00%, better
Holdings: SCHG 187; SPYM 508
Avg volume (30D): SCHG 7.51M sh; SPYM 12.1M sh, better
NAV per share: SCHG $35.61; SPYM $90.06
52W range

ETF.net Grade

Pillar letters and Scores for SCHG, SPYM, with each pillar’s weight
Pillar	SCHG	SPYM
Cost30% weight	A96	A99
Mission25% weight	A92	A100
Risk15% weight	C43	C51
Tradability15% weight	A87	A72
Holdings10% weight	D36	B57
Durability5% weight	A75	A79

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SCHG ranks 2nd of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 83
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 2AVUGVanguard Morningstar Growth ETFScore 78

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79

Our read on each fund

ETF.net Research

SCHGASchwab U.S. Large-Cap Growth ETF

SPYMAState Street SPDR Portfolio S&P 500 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.

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

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.

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap equities.

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.

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land 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.

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

Full SCHG profile⁠

Full SPYM profile⁠

SCHG vs SPYM Holdings

Holdings as of Oct 29, 2026 for SCHG and Oct 27, 2026 for SPYM

How SCHG and SPYM differ

Overlap by weight

57.8%

Shared holdings make up 96.4% of SCHG and 57.8% of SPYM.

Level by level

Holdings118 in both57.8%
Sector11 Sectors77.7%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in SCHG and SPYM, widest gap first
Sector	More in SCHGMore in SPYM	SCHG	SPYM
Technology	SCHG +16.7 points	54.3%	37.6%
Financials	SPYM +7.1 points	5.0%	12.1%
Communication	SCHG +4.5 points	13.7%	9.2%
Consumer Staples	SPYM +3.9 points	1.1%	5.0%
Health Care	SPYM +3.3 points	6.6%	9.9%
Energy	SPYM +3.0 points	0.7%	3.7%
Utilities	SPYM +1.6 points	0.4%	2.0%
Real Estate	SPYM +1.5 points	0.3%	1.8%
Consumer Discretionary	SCHG +1.1 points	10.1%	9.0%
Industrials	SPYM +1.0 points	7.0%	8.0%
Materials	SPYM +0.8 points	0.9%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in SCHG and SPYM, widest gap first
Country	More in SCHGMore in SPYM	SCHG	SPYM
United States	SCHG +0.3 points	97.9%	97.6%
Ireland	SPYM +0.4 points	0.8%	1.2%
United Kingdom	SCHG +0.2 points	0.6%	0.4%
Singapore	SCHG +0.2 points	0.4%	0.2%
Switzerland	SPYM +0.3 points	0.0%	0.3%
Netherlands	SPYM +0.1 points	0.0%	0.1%
Australia	SCHG +0.1 points	0.1%	0.0%
Cayman Islands	SCHG +0.1 points	0.1%	0.0%
Other countries (2)	SPYM +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

SCHG60.5%
SPYM37.9%

Securities held

SCHG187
SPYM506

Asset class

SCHG: Equity
SPYM: Equity

Holdings

Only in SCHG69
In both118
Only in SPYM388

Only in SCHG

69 securities, 3.6% of SCHG by weight

Snowflake0.31%
Cloudflare Class A0.28%
Natera0.16%
Astera Labs0.12%
Revolution Medicines0.10%
Okta Class A0.10%
Atlassian Corp Class A0.09%
Rocket Lab Corp0.09%
Mongodb Class A0.08%
Heico0.08%
Credo Technology Group Holding Ltd0.08%
Zscaler0.07%
Lpl Financial Holdings0.07%
Ssc Government Mm Gvmxx0.06%
Liberty Media Series C0.06%
Rubrik Class A0.06%
Affirm Holdings Class A0.06%
Sofi Technologies0.06%
Insmed0.06%
First Citizens Bancshares Class A0.06%
Nutanix Class A0.05%
Coupang Class A0.05%
Woodward0.05%
Macom Technology Solutions0.05%
Curtiss Wright0.05%
Circle Internet Group Inc Class A0.04%
Toast Class A0.04%
Samsara Class A0.04%
Ftai Aviation0.04%
Talen Energy0.04%
Docusign0.04%
Clean Harbors Inc0.04%
Medpace Holdings0.04%
Rbc Bearings0.04%
Neurocrine Biosciences0.04%
Caci International Inc Class A0.04%
Mks0.04%
Carpenter Technology0.04%
Sun Communities Reit Inc0.04%
Tradeweb Markets Inc Class A0.04%
Five Below0.03%
Penumbra0.03%
Hubspot0.03%
Nextpower Inc0.03%
Bridgebio Pharma0.03%
Sitime0.03%
Sterling Infrastructure0.03%
Repligen0.03%
Texas Roadhouse Inc0.03%
Flutter Entertainment PLC0.03%

Only in SPYM

388 securities, 42.1% of SPYM by weight

Berkshire Hathaway Inc Class B1.54%
JPMorgan Chase & Co1.34%
Exxonmobil Holdings Corp1.15%
Johnson & Johnson0.97%
Walmart Inc0.81%
AbbVie Inc0.77%
Chevron Corp0.69%
Intel Corp0.68%
Cisco Systems Inc0.66%
Procter & Gamble Co/The0.56%
Coca Cola Co/The0.54%
Merck & Co. Inc.0.52%
Bank of America Corp0.50%
Home Depot Inc0.48%
Philip Morris International0.48%
Lam Research Corp0.45%
Texas Instruments Inc0.41%
Rtx Corp0.40%
Netflix Inc0.40%
Goldman Sachs Group Inc0.39%
Wells Fargo & Co0.38%
Amgen Inc0.36%
Intl Business Machines Corp0.36%
Morgan Stanley0.33%
Oracle Corp0.33%
Marvell Technology Inc0.31%
Citigroup Inc0.31%
Salesforce Inc0.31%
Analog Devices Inc0.30%
Gilead Sciences Inc0.30%
Qualcomm Inc0.29%
Amphenol Corp Class A0.28%
Pepsico Inc0.28%
Conocophillips0.27%
Abbott Laboratories0.27%
Verizon Communications Inc0.27%
McDonald’s Corp0.27%
Union Pacific Corp0.27%
Welltower Inc0.26%
Nextera Energy Inc0.26%
Pfizer Inc0.26%
American Express Co0.25%
Tjx Companies Inc0.24%
Accenture PLC Class A0.23%
Schwab (Charles) Corp0.22%
Danaher Corp0.22%
At+t Inc0.22%
Dell Technologies C0.21%
Progressive Corp0.20%
Marathon Petroleum Corp0.20%

Weight gaps

The 100 widest of 118 Holdings in both funds.

Holding weights in SCHG and SPYM, widest gap first
Holding	More in SCHGMore in SPYM	SCHG	SPYM
NVIDIANVDA	SCHG +4.34 points	12.24%	7.90%
AppleAAPL	SCHG +4.18 points	11.76%	7.58%
MicrosoftMSFT	SCHG +3.18 points	9.16%	5.98%
Amazon Com IncAMZN	SCHG +2.07 points	5.76%	3.69%
Broadcom IncAVGO	SCHG +1.76 points	4.13%	2.37%
Meta Platforms Class AMETA	SCHG +1.58 points	3.68%	2.10%
Alphabet Class AGOOGL	SCHG +1.56 points	4.37%	2.81%
Tesla IncTSLA	SCHG +1.42 points	3.09%	1.67%
Micron TechnologyMU	SCHG +1.28 points	2.82%	1.54%
Alphabet Class CGOOG	SCHG +1.23 points	3.49%	2.26%
Eli LillyLLY	SCHG +1.21 points	2.76%	1.55%
Advanced Micro DevicesAMD	SCHG +1.15 points	2.46%	1.31%
Visa Class AV	SCHG +0.80 points	1.84%	1.04%
Mastercard Class AMA	SCHG +0.58 points	1.33%	0.75%
Palantir Technologies Class APLTR	SCHG +0.54 points	1.23%	0.69%
Costco Wholesale CorpCOST	SCHG +0.51 points	1.18%	0.67%
UnitedHealth GroupUNH	SCHG +0.43 points	0.99%	0.56%
Caterpillar IncCAT	SCHG +0.40 points	0.88%	0.48%
Palo Alto NetworksPANW	SCHG +0.40 points	0.88%	0.48%
Applied Material IncAMAT	SCHG +0.38 points	0.85%	0.47%
Ge AerospaceGE	SCHG +0.38 points	0.83%	0.45%
Crowdstrike Holdings Class ACRWD	SCHG +0.33 points	0.73%	0.40%
Thermo Fisher ScientificTMO	SCHG +0.31 points	0.69%	0.38%
Ge VernovaGEV	SCHG +0.30 points	0.64%	0.34%
Linde PLCLIN	SCHG +0.28 points	0.63%	0.35%
Arista NetworksANET	SCHG +0.25 points	0.53%	0.28%
KlaKLAC	SCHG +0.25 points	0.54%	0.29%
SandiskSNDK	SCHG +0.23 points	0.51%	0.28%
Walt DisneyDIS	SCHG +0.22 points	0.51%	0.29%
BlackRockBLK	SCHG +0.19 points	0.44%	0.25%
DeereDE	SCHG +0.19 points	0.43%	0.24%
Seagate Technology Holdings PLCSTX	SCHG +0.19 points	0.41%	0.22%
Intuitive SurgicalISRG	SCHG +0.19 points	0.43%	0.24%
ServicenowNOW	SCHG +0.18 points	0.43%	0.25%
Eaton PLCETN	SCHG +0.18 points	0.40%	0.22%
Western Digital CorpWDC	SCHG +0.18 points	0.37%	0.19%
S&P GlobalSPGI	SCHG +0.16 points	0.37%	0.21%
Uber TechnologiesUBER	SCHG +0.16 points	0.36%	0.20%
Vertex PharmaceuticalsVRTX	SCHG +0.15 points	0.35%	0.20%
FortinetFTNT	SCHG +0.14 points	0.31%	0.17%
Parker-HannifinPH	SCHG +0.14 points	0.31%	0.17%
BoeingBA	SCHG +0.14 points	0.36%	0.22%
Booking HoldingsBKNG	SCHG +0.13 points	0.30%	0.17%
Mckesson CorpMCK	SCHG +0.12 points	0.30%	0.17%
Trane Technologies PLCTT	SCHG +0.12 points	0.27%	0.15%
Cadence Design SystemsCDNS	SCHG +0.13 points	0.26%	0.13%
Equinix ReitEQIX	SCHG +0.12 points	0.26%	0.14%
SynopsysSNPS	SCHG +0.12 points	0.25%	0.13%
PhillipsPSX	SCHG +0.12 points	0.29%	0.17%
Datadog Inc Class ADDOG	SCHG +0.11 points	0.25%	0.14%
Quanta Services IncPWR	SCHG +0.11 points	0.24%	0.13%
Constellation Energy CorpCEG	SCHG +0.10 points	0.23%	0.13%
IntuitINTU	SCHG +0.10 points	0.24%	0.14%
Vertiv Holdings Class AVRT	SCHG +0.10 points	0.22%	0.12%
Lumentum HoldingsLITE	SCHG +0.10 points	0.21%	0.11%
Marriott International Class AMAR	SCHG +0.09 points	0.22%	0.13%
Regeneron PharmaceuticalsREGN	SCHG +0.09 points	0.21%	0.12%
Royal Caribbean GroupRCL	SCHG +0.09 points	0.20%	0.11%
Howmet AerospaceHWM	SCHG +0.09 points	0.21%	0.12%
Robinhood Markets Class AHOOD	SCHG +0.09 points	0.20%	0.11%
Hilton Worldwide HoldingsHLT	SCHG +0.09 points	0.21%	0.12%
United RentalsURI	SCHG +0.08 points	0.19%	0.11%
Applovin Class AAPP	SCHG +0.08 points	0.19%	0.11%
Sherwin WilliamsSHW	SCHG +0.08 points	0.20%	0.12%
Te Connectivity PLCTEL	SCHG +0.09 points	0.18%	0.09%
Airbnb Class AABNB	SCHG +0.08 points	0.19%	0.11%
MoodysMCO	SCHG +0.08 points	0.19%	0.11%
Doordash Class ADASH	SCHG +0.07 points	0.17%	0.10%
Kkr and Co IncKKR	SCHG +0.07 points	0.17%	0.10%
Targa ResourcesTRGP	SCHG +0.07 points	0.17%	0.10%
Monolithic Power Systems IncMPWR	SCHG +0.07 points	0.16%	0.09%
Baker Hughes Class ABKR	SCHG +0.08 points	0.16%	0.08%
Transdigm GroupTDG	SCHG +0.08 points	0.17%	0.09%
Ww Grainger IncGWW	SCHG +0.07 points	0.16%	0.09%
Apollo Global ManagementAPO	SCHG +0.07 points	0.15%	0.08%
TeradyneTER	SCHG +0.07 points	0.14%	0.07%
CienaCIEN	SCHG +0.06 points	0.13%	0.07%
Delta Air LinesDAL	SCHG +0.06 points	0.13%	0.07%
CoherentCOHR	SCHG +0.05 points	0.12%	0.07%
AutozoneAZO	SCHG +0.06 points	0.14%	0.08%
AutodeskADSK	SCHG +0.06 points	0.14%	0.08%
HumanaHUM	SCHG +0.05 points	0.13%	0.08%
VistraVST	SCHG +0.06 points	0.13%	0.07%
Waters CorpWAT	SCHG +0.05 points	0.12%	0.07%
Comfort Systems UsaFIX	SCHG +0.05 points	0.12%	0.07%
Carvana Class ACVNA	SCHG +0.06 points	0.12%	0.06%
Veeva Systems Class AVEEV	SCHG +0.06 points	0.13%	0.07%
Idexx LaboratoriesIDXX	SCHG +0.05 points	0.12%	0.07%
MsciMSCI	SCHG +0.05 points	0.12%	0.07%
Roper TechnologiesROP	SCHG +0.05 points	0.12%	0.07%
Diamondback EnergyFANG	SCHG +0.05 points	0.11%	0.06%
Workday Class AWDAY	SCHG +0.05 points	0.11%	0.06%
Interactive Brokers Group Inc ClasIBKR	SCHG +0.04 points	0.10%	0.06%
Carnival Corp LtdCCL	SCHG +0.05 points	0.10%	0.05%
Coinbase Global Class ACOIN	SCHG +0.05 points	0.10%	0.05%
Take Two Interactive SoftwareTTWO	SCHG +0.05 points	0.10%	0.05%
ResmedRMD	SCHG +0.04 points	0.10%	0.06%
Vulcan MaterialsVMC	SCHG +0.04 points	0.09%	0.05%
Axon EnterpriseAXON	SCHG +0.04 points	0.09%	0.05%
Mettler ToledoMTD	SCHG +0.04 points	0.09%	0.05%

All 189 SCHG holdings⁠All 505 SPYM 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 SPYM Cost

Overpaying SCHG vs SPYM

$423

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

SCHG 0.04%
$849
SPYM 0.02%
$426

Amount$10,000

Years30 years

Cost over time

SCHG 0.04%
SPYM 0.02%
Overpaying

Year by year

Year	SCHG	SPYM	Overpaying
10	$73	$37	$36
20	$288	$144	$144
30	$849	$426	$423

Expense ratio

0.04%SCHG
0.02%SPYM, cheaper

Different Categories, so each fee sits in its own Category’s range.

SCHG among 35 US Growth Index funds

SCHG0.04%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

SPYM among 14 S&P 500 funds

SPYM0.02%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

SCHG vs SPYM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): SCHG 0.39%; SPYM 1.00%, better
Payout (12M): SCHG $0.14; SPYM $0.91
Last payment: SCHG $0.04; SPYM $0.24
Ex-dividend: SCHG Sep 23, 2026; SPYM Sep 11, 2026
Paid on: SCHG Sep 28, 2026; SPYM Sep 15, 2026
Frequency: SCHG Quarterly; SPYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

SCHG vs SPYM Risk

Fall from peak · 5 years

SCHG
SPYM

Risk facts

VolatilityStd dev, 3 years: SCHG 16.2%SPYM 12.4%, better
Return per unit of riskSharpe ratio, 3 years: SCHG 1.25SPYM 1.37, better
Worst fallMax drawdown, 5 years: SCHG −34.6%SPYM −24.5%, better
Market sensitivityBeta, 5 years: SCHG 1.20SPYM 1.01; Market = 1

SCHG and SPYM in the news

All news⁠

Head-to-Head
SPYM leads IWF by 9.4 percentage points in 2026. They are not the same bet
Oct 21, 2026SPYM
Deep Dive
SPY trailed the S&P 500 by 0.14 percentage points over the past year, more than triple the gap at cheaper rivals
Oct 13, 2026SPYM
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026SPYM
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SCHG
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026SPYM

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SCHG vs SPYM

In short

Stated mandate

Why people hold it