A head-to-head comparison of Fidelity Large Cap Growth Index Fund and Schwab U.S. Large-Cap Growth ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.
See our curated list of related YouTube videos on SCHG.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FSPGX (Fidelity Large Cap Growth Index Fund) is a mutual fund, while SCHG (Schwab U.S. Large-Cap Growth ETF) is an ETF — they take fundamentally different approaches.
SCHG offers the higher yield at 0.39% vs 0.09% for FSPGX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHG is cheaper with an expense ratio of 0.04% compared to 0.61%.
SCHG is the larger fund by assets ($58.4B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, FSPGX would generate roughly $0.75/month, while SCHG would produce $3.25/month, at current distribution rates.
FSPGX yield0.09%
SCHG yield0.39%
Monthly diff on $10K$2.50
Cost & efficiency
Over 10 years on $10,000, FSPGX would cost approximately $610 in fees vs $40 for SCHG (simplified, not compounded). The $570.00 difference may be offset by yield or performance.
FSPGX ER0.61%
SCHG ER0.04%
Strategy & risk
FSPGX is a mutual fund, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. Beta is 1.19 for FSPGX and 1.21 for SCHG, indicating FSPGX is less volatile relative to the market.
FSPGX beta1.19
SCHG beta1.21
Fund details
FSPGX is managed by Fidelity Investments (launched 06/07/2016) with $46.0B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets.
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Frequently asked questions
Is FSPGX or SCHG better for dividend income?
It depends on your goals. SCHG currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between FSPGX and SCHG?
FSPGX (Fidelity Large Cap Growth Index Fund) is a mutual fund, while SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. They are issued by Fidelity Investments and Schwab respectively.
Can I hold both FSPGX and SCHG?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, FSPGX or SCHG?
FSPGX has an expense ratio of 0.61% while SCHG charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FSPGX vs SCHG generate?
At current rates, $10,000 in FSPGX would generate roughly $0.75 per month ($9.00 annually). The same in SCHG would produce about $3.25 per month ($39.00 annually).
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