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ETF Comparison

SCHB vs SCHG: Which Is the Better Pick in 2026?

A head-to-head comparison of Schwab U.S. Broad Market ETF and Schwab U.S. Large-Cap Growth ETF covering yield, cost, risk, and income potential.

Data updated August 13, 2026

Best for

  • SCHBInvestors who want higher current income (1.01% vs 0.38% for SCHG).
  • SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.

Jump to the side-by-side numbers

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricSCHBSCHG
Full nameSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Growth ETF
IssuerSchwabSchwab
Last Close$29.90 as of August 13, 2026$35.61 as of August 13, 2026
Distribution yield1.01%0.38%
Distribution Safety Score™ 100100
Expense ratio0.03%0.04%
AUM$44.7B$62.4B
Distribution frequencyQuarterlyQuarterly
Underlying indexDow Jones U.S. Broad Stock Market IndexDow Jones U.S. Large-Cap Growth Total Stock Market Index
ObjectiveProvide exposure to the fund's underlying index or strategy per issuer materials.Seeks to track the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, holding the components ranked 1-750 by full market capitalization that are classified as growth.
Asset classEquityEquity
Inception date11/03/200912/11/2009
Beta1.031.21
Last dividend$0.0753$0.0340
Ex-dividend date06/24/202606/24/2026

Bottom lineChoose SCHB if you want higher current income (1.01% vs 0.38% for SCHG). Choose SCHG if you want a growth tilt and can accept bigger swings for higher upside.

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Schwab
ETFs34
Total AUM$605B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

SCHB has outpaced SCHG over the trailing twelve months, posting a 23.59% total return against 17.90%. The picture flips over 10 years, though — SCHG has compounded at 18.54% a year, ahead of SCHB at 14.88%. SCHB has been the steadier holding, though — annualized volatility of 15.2% against 19.5% for SCHG. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1Y3Y5Y10YSince Dec 2009Volatility Sharpe Sortino Max drawdown
SCHB14.26%23.59%21.27%12.33%14.88%14.21%15.2%0.981.41-19.3%
SCHG9.82%17.90%24.29%14.06%18.54%16.62%19.5%0.891.27-23.4%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 12, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Dec 2009” measures every fund from December 11, 2009 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

SCHB (Schwab U.S. Broad Market ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SCHB offers the higher yield at 1.01% vs 0.38% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHB is cheaper with an expense ratio of 0.03% compared to 0.04%.

They track different benchmarks: SCHB is linked to Dow Jones U.S. Broad Stock Market Index while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.

SCHG is the larger fund by assets ($62.4B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHB would generate roughly $8.42/month, while SCHG would produce $3.17/month, at current distribution rates. Both pay quarterly distributions.

SCHB yield1.01%
SCHG yield0.38%
Monthly diff on $10K$5.25

Cost & efficiency

Over 10 years on $10,000, SCHB would cost approximately $30 in fees vs $40 for SCHG (simplified, not compounded). The $10.00 difference may be offset by yield or performance.

SCHB ER0.03%
SCHG ER0.04%

Strategy & risk

SCHB tracks Dow Jones U.S. Broad Stock Market Index with an index approach, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Beta is 1.03 for SCHB and 1.21 for SCHG, indicating SCHB is less volatile relative to the market.

SCHB beta1.03
SCHG beta1.21

Fund details

SCHB is managed by Schwab (launched 11/03/2009) with $44.7B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $62.4B in assets.

SCHB AUM$44.7B
SCHG AUM$62.4B
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Frequently asked questions

What is the current distribution yield for SCHB and SCHG?

SCHB currently distributes 1.01% and SCHG 0.38%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is SCHB or SCHG better for dividend income?

It depends on your goals. SCHB 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 SCHB and SCHG?

SCHB (Schwab U.S. Broad Market ETF) tracks Dow Jones U.S. Broad Stock Market Index with an index approach, while SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They are issued by Schwab and Schwab respectively.

Can I hold both SCHB 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.

Is SCHB or SCHG safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: SCHB scores 100, SCHG scores 100. Neither has a clear safety edge on that measure. SCHB has also shown lower price volatility (beta 1.03 vs 1.21 for SCHG). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, SCHB or SCHG?

SCHB has an expense ratio of 0.03% 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 SCHB vs SCHG generate?

At current rates, $10,000 in SCHB would generate roughly $8.42 per month ($101.00 annually). The same in SCHG would produce about $3.17 per month ($38.00 annually).

Which has performed better historically, SCHB or SCHG?

SCHB has outpaced SCHG over the trailing twelve months, posting a 23.59% total return against 17.90%. The picture flips over 10 years, though — SCHG has compounded at 18.54% a year, ahead of SCHB at 14.88%. SCHB has been the steadier holding, though — annualized volatility of 15.2% against 19.5% for SCHG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

SCHB vs SCHG — at a glance

Generated August 8, 2026.

Overview

SCHB and SCHG are both Schwab equity ETFs tracking Dow Jones indexes, but they pursue fundamentally different market exposures. SCHB targets the entire U.S. stock market—roughly 3,500 companies across all market caps and styles—while SCHG isolates large-cap growth stocks, holding only the 750 largest companies classified as growth. This makes SCHG far more concentrated and style-tilted, whereas SCHB functions as a core U.S. equity holding.

How they differ

The biggest difference is scope: SCHB holds the full market, while SCHG cherry-picks only large-cap growth names. That style tilt shows up immediately in yield—SCHB distributes 1.01% annually versus SCHG's 0.38%, reflecting the growth stocks in SCHG typically reinvest earnings rather than pay dividends. SCHG also carries higher beta at 1.21 compared to SCHB's 1.03, meaning it amplifies market swings and will outpace the broader market in rallies but underperform in downturns. Both ETFs are dirt cheap to own—0.03% and 0.04% expense ratios respectively—and both pay quarterly, but SCHG's larger asset base of $62.4B versus SCHB's $44.7B suggests investor preference for growth exposure lately.

Who each is best for

SCHB: Fits investors building a foundational U.S. equity allocation who want minimal overlap with other holdings and don't need to tilt toward growth or value. Also works for those prioritizing dividend income over capital appreciation in their equity sleeve.

SCHG: Fits investors who already hold fixed income or international exposure and want concentrated upside to large-cap growth companies, or those with a higher risk tolerance and longer time horizon willing to accept style-specific volatility.

Key risks to know

  • Concentration in growth stocks. SCHG's 750-stock limit and growth-only filter means it excludes value and dividend payers entirely. If growth underperforms value for an extended period, SCHG will lag both SCHB and the overall market—a real possibility in rising-rate environments.
  • Higher volatility and drawdown risk. SCHG's 1.21 beta suggests sharper declines during market corrections. An investor who can't tolerate 30%+ drawdowns should verify their comfort level with this higher sensitivity before holding SCHG.
  • Potential overlap and redundant exposure. If your portfolio already holds large-cap growth funds or individual mega-cap tech stocks, SCHG's holdings may overlap substantially, concentrating rather than diversifying your risk.
  • Dividend yield drag for income-focused portfolios. SCHG's 0.38% distribution rate is less than half SCHB's 1.01%, making it a poor fit for investors relying on quarterly payouts to fund spending.

Bottom line

SCHB works as a complete U.S. equity core holding with broader diversification and higher current yield; SCHG is a focused growth bet that amplifies market cycles and sacrifices dividend income. If you're building a simple, all-in-one U.S. equity position, SCHB's market-weight approach and higher yield stand out. If you're layering growth exposure on top of other holdings and can tolerate a 21% beta premium, SCHG's large AUM and ultra-low fees offer clean execution. Past performance of either strategy does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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The metrics behind this comparison, explained in the Academy.

Dividend growth vs. high yield Yield on cost, explained How expense ratios eat returns

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