SCHG vs VBK: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Vanguard Morningstar Small-Cap Growth ETF

VBKANYSE Arca

Overlap

2.5%by weight

Expense ratio

SCHG −0.01pt a year

SCHG0.04%VBK0.05%

Avg volume · 30D

SCHG 37.4×the volume

SCHG7.59MVBK203K

10Y return · a year

SCHG +7.6pt

SCHG+18.5%VBK+10.9%

SCHG vs VBK Performance

Oct 29, 2021 – Oct 30, 2026

+74.3%SCHG+15.0%VBK

Expense ratio: SCHG 0.04%, better; VBK 0.05%
Fund size: SCHG $61.7B; VBK $43B
1Y total return: SCHG +3.3%; VBK +9.2%, better
Yield (12M): SCHG 0.40%; VBK 0.42%, better
Holdings: SCHG 187; VBK 556
Avg volume (30D): SCHG 7.59M sh, better; VBK 203K sh
NAV per share: SCHG $34.31; VBK $330.29
52W range

ETF.net Grade

Pillar letters and Scores for SCHG, VBK, with each pillar’s weight
Pillar	SCHG	VBK
Cost30% weight	A96Higher	A78
Mission25% weight	A92	A96Higher
Risk15% weight	C41	C41
Tradability15% weight	A87Higher	C43
Holdings10% weight	D36	A80Higher
Durability5% weight	A75	A83Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. SCHG and VBK 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 VBK 6th 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 6AVBKVanguard Morningstar Small-Cap Growth ETFScore 72
Rank 7AVOTVanguard Morningstar Mid-Cap Growth ETFScore 71

Our read on each fund

ETF.net Research

SCHGASchwab U.S. Large-Cap Growth ETF

VBKAVanguard Morningstar Small-Cap 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.

VBK The small-cap outlier in a growth aisle dominated by mega-cap names. About 600 smaller U.S. growth companies, tracked by full replication for 0.05% a year, run by Vanguard since 2004.

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.

VBK Seeks to track the CRSP US Small Cap Growth Index, representing growth companies among small-capitalization U.S. equities. The fund uses passive full replication and remains fully invested.

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.

VBK Costs 0.05% a year against a 0.18% median across its growth peer group, and sits in the same fee neighborhood as large-cap giants like VUG and SCHG while indexing a much thinner slice of the market.
Plain mechanics: full replication of the CRSP US Small Cap Growth Index, fully invested, no manager discretion. Roughly 600 holdings spread out the single-name risk that comes with small companies.vanguard.com
Live since 2004 and now a multi-billion-dollar fund, with a long record of hugging its index closely. Distributions land quarterly.
One of the stronger implementations in its growth cohort: the cheap, wide, rules-driven way to own the small end of the style box rather than a stock-picker's version of it.

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.

VBK Small-cap growth is the market's jumpiest corner, and the fund stays fully invested through every drawdown. There is no cash buffer or defensive tilt to soften the ride.
This is a style slice, not a portfolio: U.S. only, small caps only, growth side of the index only. What qualifies is decided by CRSP's rules, not by a manager's judgment.
Trades in solid but not headline volume, so spreads can run wider than the mega-cap growth ETFs it shares a shelf with.

Full SCHG profile⁠

Full VBK profile⁠

SCHG vs VBK Holdings

How SCHG and VBK differ

Overlap by weight

2.5%

Shared holdings make up 24.6% of VBK and 2.5% of SCHG.

Level by level

Holdings58 in both2.5%
Sector11 Sectors61.2%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in SCHG and VBK, widest gap first
Sector	More in SCHGMore in VBK	SCHG	VBK
Technology	SCHG +26.1 points	54.3%	28.2%
Health Care	VBK +14.0 points	6.6%	20.6%
Industrials	VBK +12.2 points	7.0%	19.2%
Communication	SCHG +10.1 points	13.7%	3.6%
Materials	VBK +3.7 points	0.9%	4.6%
Real Estate	VBK +3.5 points	0.3%	3.8%
Energy	VBK +3.3 points	0.7%	4.0%
Consumer Discretionary	SCHG +2.6 points	10.1%	7.5%
Consumer Staples	VBK +0.9 points	1.1%	2.0%
Financials	VBK +0.7 points	5.0%	5.7%
Utilities	VBK +0.6 points	0.4%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in SCHG and VBK, widest gap first
Country	More in SCHGMore in VBK	SCHG	VBK
United States	VBK +0.2 points	99.8%	100.0%
China	SCHG +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

SCHG59.9%
VBK12.2%

Securities held

SCHG187
VBK551

Asset class

SCHG: Equity
VBK: Equity

Holdings

Only in SCHG129
In both58
Only in VBK493

Only in SCHG

129 securities, 97.5% of SCHG by weight

NVIDIA12.10%
Apple11.92%
Microsoft9.21%
Amazon Com Inc5.60%
Broadcom Inc4.20%
Alphabet Class A3.90%
Meta Platforms Class A3.74%
Alphabet Class C3.14%
Tesla Inc3.09%
Eli Lilly2.98%
Micron Technology2.86%
Advanced Micro Devices2.51%
Visa Class A1.90%
Mastercard Class A1.40%
Palantir Technologies Class A1.23%
Costco Wholesale Corp1.20%
UnitedHealth Group1.00%
Applied Material Inc0.91%
Ge Aerospace0.88%
Palo Alto Networks0.84%
Caterpillar Inc0.81%
Crowdstrike Holdings Class A0.72%
Thermo Fisher Scientific0.71%
Ge Vernova0.64%
Linde PLC0.63%
Kla0.59%
Sandisk0.53%
Arista Networks0.52%
Walt Disney0.52%
BlackRock0.46%
Deere0.45%
Intuitive Surgical0.43%
Seagate Technology Holdings PLC0.43%
Eaton PLC0.41%
Western Digital Corp0.39%
S&P Global0.38%
Vertex Pharmaceuticals0.37%
Boeing0.37%
Uber Technologies0.36%
Parker-Hannifin0.32%
Snowflake0.31%
Mckesson Corp0.31%
Servicenow0.31%
Booking Holdings0.31%
Phillips0.30%
Equinix Reit0.28%
Cloudflare Class A0.27%
Quanta Services Inc0.26%
Trane Technologies PLC0.26%
Cadence Design Systems0.26%

Only in VBK

493 securities, 75.3% of VBK by weight

SLCMT11422.09%
Twilio Inc1.28%
Illumina Inc1.18%
Everpure Inc1.18%
TechnipFMC PLC0.76%
nVent Electric PLC0.74%
ATI Inc0.74%
Entegris Inc0.67%
Guardant Health Inc0.65%
Incyte Corp0.60%
Flex Ltd0.58%
Roku Inc0.57%
Royal Gold Inc0.57%
XPO Inc0.56%
Roivant Sciences Ltd0.53%
ITT Inc0.52%
Lattice Semiconductor Corp0.51%
Nordson Corp0.50%
Burlington Stores Inc0.48%
Dynatrace Inc0.48%
Semtech Corp0.47%
Coeur Mining Inc0.46%
Unity Software Inc0.46%
Rivian Automotive Inc0.46%
SharkNinja Inc0.43%
Fabrinet0.43%
Onto Innovation Inc0.43%
RB Global Inc0.43%
IonQ Inc0.43%
Lincoln Electric Holdings Inc0.41%
Exelixis Inc0.39%
Weyerhaeuser Co0.39%
Somnigroup International Inc0.39%
TTM Technologies Inc0.37%
Twist Bioscience Corp0.37%
BWX Technologies Inc0.36%
Halozyme Therapeutics Inc0.36%
Graco Inc0.35%
Generac Holdings Inc0.35%
QXO Inc0.35%
GoDaddy Inc0.34%
Guidewire Software Inc0.34%
American Healthcare REIT Inc0.34%
FormFactor Inc0.33%
United Therapeutics Corp0.33%
BioMarin Pharmaceutical Inc0.33%
Manhattan Associates Inc0.33%
Rambus Inc0.33%
Hecla Mining Co0.33%
Bio-Techne Corp0.32%

Weight gaps

All 58 Holdings in both funds, largest gap first.

Holding weights in SCHG and VBK, widest gap first
Holding	More in SCHGMore in VBK	SCHG	VBK
NateraNTRA	VBK +1.45 points	0.17%	1.62%
Revolution MedicinesRVMD	VBK +1.09 points	0.10%	1.19%
Okta Class AOKTA	VBK +0.90 points	0.10%	1.00%
Emcor GroupEME	VBK +0.87 points	0.08%	0.95%
Credo Technology Group Holding LtdCRDO	VBK +0.86 points	0.08%	0.94%
Caseys General Stores IncCASY	VBK +0.57 points	0.07%	0.64%
Macom Technology SolutionsMTSI	VBK +0.54 points	0.05%	0.59%
Curtiss WrightCW	VBK +0.52 points	0.05%	0.57%
Sofi TechnologiesSOFI	VBK +0.52 points	0.06%	0.58%
WoodwardWWD	VBK +0.50 points	0.05%	0.55%
Liberty Media Series CFWONK	VBK +0.50 points	0.06%	0.56%
Carpenter TechnologyCRS	VBK +0.48 points	0.04%	0.52%
MksMKSI	VBK +0.47 points	0.04%	0.51%
Affirm Holdings Class AAFRM	VBK +0.47 points	0.06%	0.53%
Nutanix Class ANTNX	VBK +0.47 points	0.05%	0.52%
SitimeSITM	VBK +0.45 points	0.03%	0.48%
Ftai AviationFTAI	VBK +0.44 points	0.05%	0.49%
Rbc BearingsRBC	VBK +0.41 points	0.04%	0.45%
Talen EnergyTLN	VBK +0.39 points	0.04%	0.43%
Clean Harbors IncCLH	VBK +0.38 points	0.04%	0.42%
PtcPTC	VBK +0.37 points	0.06%	0.43%
Sterling InfrastructureSTRL	VBK +0.38 points	0.03%	0.41%
Neurocrine BiosciencesNBIX	VBK +0.37 points	0.04%	0.41%
Mastec IncMTZ	VBK +0.36 points	0.03%	0.39%
Toast Class ATOST	VBK +0.36 points	0.04%	0.40%
Medpace HoldingsMEDP	VBK +0.36 points	0.04%	0.40%
Sun Communities Reit IncSUI	VBK +0.35 points	0.04%	0.39%
Tyler TechnologiesTYL	VBK +0.33 points	0.04%	0.37%
Digitalocean HoldingsDOCN	VBK +0.33 points	0.03%	0.36%
DocusignDOCU	VBK +0.33 points	0.04%	0.37%
Samsara Class AIOT	VBK +0.32 points	0.04%	0.36%
Circle Internet Group Inc Class ACRCL	VBK +0.32 points	0.04%	0.36%
Five BelowFIVE	VBK +0.31 points	0.04%	0.35%
PenumbraPEN	VBK +0.31 points	0.03%	0.34%
Bridgebio PharmaBBIO	VBK +0.30 points	0.03%	0.33%
InsmedINSM	VBK +0.29 points	0.07%	0.36%
Nextpower IncNXT	VBK +0.29 points	0.03%	0.32%
Lennox InternationalLII	VBK +0.29 points	0.03%	0.32%
Advanced Energy IndustriesAEIS	VBK +0.28 points	0.03%	0.31%
RepligenRGEN	VBK +0.26 points	0.03%	0.29%
Texas Roadhouse IncTXRH	VBK +0.26 points	0.03%	0.29%
HubspotHUBS	VBK +0.25 points	0.03%	0.28%
Tempus Ai Class ATEM	VBK +0.25 points	0.02%	0.27%
InsuletPODD	VBK +0.23 points	0.03%	0.26%
Saia IncSAIA	VBK +0.23 points	0.02%	0.25%
Dycom Industries IncDY	VBK +0.21 points	0.02%	0.23%
Paycom SoftwarePAYC	VBK +0.21 points	0.03%	0.24%
ElasticESTC	VBK +0.20 points	0.03%	0.23%
Rubrik Class ARBRK	VBK +0.19 points	0.06%	0.25%
Kinsale Capital Group IncKNSL	VBK +0.18 points	0.02%	0.20%
ChemedCHE	VBK +0.17 points	0.02%	0.19%
Procore Technologies IncPCOR	VBK +0.16 points	0.02%	0.18%
Oklo Class AOKLO	VBK +0.16 points	0.01%	0.17%
Ies IncIESC	VBK +0.15 points	0.01%	0.16%
Cava GroupCAVA	VBK +0.14 points	0.02%	0.16%
Celsius HoldingsCELH	VBK +0.14 points	0.01%	0.15%
Tko Group Holdings Inc Class ATKO	VBK +0.12 points	0.03%	0.15%
Hubbell IncHUBB	VBK +0.11 points	0.06%	0.17%

All 189 SCHG holdings⁠All 579 VBK 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 VBK Cost

Overpaying VBK vs SCHG

$211

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

SCHG 0.04%
$849
VBK 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SCHG 0.04%
VBK 0.05%
Overpaying

Year by year

Year	SCHG	VBK	Overpaying
10	$73	$92	$19
20	$288	$360	$72
30	$849	$1,060	$211

Expense ratio

0.04%SCHG, cheaper
0.05%VBK

SCHG0.04%VBK0.05%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

VBK 5th cheapest of 35 funds

SCHG vs VBK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHG 0.40%; VBK 0.42%, better
Payout (12M): SCHG $0.14; VBK $1.40
Last payment: SCHG $0.04; VBK $0.30
Ex-dividend: SCHG Sep 23, 2026; VBK Sep 28, 2026
Paid on: SCHG Sep 28, 2026; VBK Sep 30, 2026
Frequency: SCHG Quarterly; VBK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

VBKQuarterly · 38 paymentsAll VBK payments⁠

SCHG vs VBK Risk

Fall from peak · 5 years

SCHG
VBK

Risk facts

VolatilityStd dev, 3 years: SCHG 16.5%, betterVBK 18.6%
Return per unit of riskSharpe ratio, 3 years: SCHG 1.16, betterVBK 0.79
Worst fallMax drawdown, 5 years: SCHG −34.6%, betterVBK −38.4%
Market sensitivityBeta, 5 years: SCHG 1.20VBK 1.19; Market = 1

SCHG and VBK in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026VBK
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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SCHG vs VBK

In short

Stated mandate

Why people hold it