SCHD vs SCHG
SCHD vs SCHG
Schwab US Dividend Equity ETF vs Schwab US Large-Cap Growth ETF
Quick Verdict
SCHG has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHG offers more diversification with 194 holdings.
Side-by-Side Comparison
| Metric | SCHD | SCHG | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $103.7B | $58.8B | |
| Dividend Yield | 3.31% | 0.39% | |
| Holdings | 104 | 196 | |
| YTD Return | +24.08% | +9.54% | |
| 1Y Return | +31.88% | +18.46% | |
| 3Y Return (annualized) | +14.92% | +23.91% | |
| 5Y Return (annualized) | +9.85% | +13.90% | |
| Volatility (annualized) | 13.6% | 16.7% | |
| Max Drawdown | -33.4% | -34.6% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Dec 11, 2009 |
SCHD vs SCHG Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Schwab US Large-Cap Growth ETF (SCHG) is a ETF from Charles Schwab Asset Management. Over the past year SCHD returned +31.88% while SCHG returned +18.46%. Year to date, SCHD is up 24.08% versus a gain of 9.54% for SCHG.
Over three years, SCHD compounded at +14.92% per year against +23.91% for SCHG; over five years the annualized figures are +9.85% and +13.90% respectively. Across the full 15-year window we track, SCHG has the edge at +15.80% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHG has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -34.6% for SCHG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHG charges 0.04%. On a $10,000 position that is $6 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.39% for SCHG.
Holdings Overlap
SCHD and SCHG share 2 holdings out of 292 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SCHG?
SCHD has an expense ratio of 0.06% while SCHG charges 0.04%. SCHG is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or SCHG?
Over the past year SCHD returned +31.88% vs +18.46% for SCHG, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +15.80% for SCHG. Past performance does not guarantee future results.
Which is riskier, SCHD or SCHG?
SCHG has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCHG -34.6%.
Should I hold both SCHD and SCHG?
SCHD and SCHG have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SCHG?
SCHD and SCHG share 2 common holdings with a 1.6% weight overlap. Combined, they hold 292 unique securities.
Which pays a higher dividend, SCHD or SCHG?
SCHD yields 3.31% while SCHG yields 0.39%, so SCHD currently pays the higher dividend yield.
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