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.
Dow Jones U.S. Large-Cap Growth Total Stock Market Index
Objective
—
Capital Appreciation
Asset class
Equity
Equity
Inception date
02/17/1988
12/11/2009
Beta
1.0
1.21
Last dividend
$0.6950
$0.0340
Ex-dividend date
04/10/2026
06/24/2026
Bottom lineChoose FXAIX if you want higher current income (1.06% vs 0.39% for SCHG). Choose SCHG if you want a growth tilt and can accept bigger swings for higher upside.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each security at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FXAIX (Fidelity 500 Index Fund) is a mutual fund, while SCHG (Schwab U.S. Large-Cap Growth ETF) is an ETF — they take fundamentally different approaches.
FXAIX offers the higher yield at 1.06% vs 0.39% for SCHG. 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 0.49%.
FXAIX is the larger fund by assets ($828B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose FXAIX
Fidelity 500 Index Fund
Want higher current income — FXAIX yields 1.06% vs 0.39% for SCHG.
Want broad equity exposure.
Prefer lower volatility — a beta of 1.0 vs 1.2 for SCHG.
Choose SCHG
Schwab U.S. Large-Cap Growth ETF
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.04% expense ratio vs 0.49% for FXAIX.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, FXAIX would generate roughly $8.83/month, while SCHG would produce $3.25/month, at current distribution rates. Both pay quarterly distributions.
FXAIX yield1.06%
SCHG yield0.39%
Monthly diff on $10K$5.58
Cost & efficiency
Over 10 years on $10,000, FXAIX would cost approximately $490 in fees vs $40 for SCHG (simplified, not compounded). The $450.00 difference may be offset by yield or performance.
FXAIX ER0.49%
SCHG ER0.04%
Strategy & risk
FXAIX 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 1.0 for FXAIX and 1.21 for SCHG, indicating FXAIX is less volatile relative to the market.
FXAIX beta1.0
SCHG beta1.21
Fund details
FXAIX is managed by Fidelity Investments (launched 02/17/1988) with $828B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets.
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Frequently asked questions
Is FXAIX or SCHG better for dividend income?
It depends on your goals. FXAIX 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 FXAIX and SCHG?
FXAIX (Fidelity 500 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 FXAIX 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, FXAIX or SCHG?
FXAIX has an expense ratio of 0.49% 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 FXAIX vs SCHG generate?
At current rates, $10,000 in FXAIX would generate roughly $8.83 per month ($106.00 annually). The same in SCHG would produce about $3.25 per month ($39.00 annually).
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