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Dividend Vision

ETF Comparison

SCHB vs SCHG: The Whole Market, or a Growth Sleeve?

A head-to-head of Schwab's U.S. Broad Market ETF and U.S. Large-Cap Growth ETF covering index breadth, concentration, cost, and overlap.

Updated September 30, 2026

How these figures are calculated: methodology.

Best for

  • SCHBInvestors who want higher current income (1.10% vs 0.41% for SCHG).
  • SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.

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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

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

SCHB has outpaced SCHG over the trailing twelve months, posting a 15.65% total return against 13.54%. The picture flips over 10 years, though — SCHG has compounded at 18.77% a year, ahead of SCHB at 14.80%. SCHB has been the steadier holding, though — annualized volatility of 15.1% against 19.4% 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.
SymbolYTD cumulative1Y cumulative3Y annualized5Y annualized10Y annualizedSince Dec 2009Volatility Sharpe Sortino Max drawdown
SCHB12.31%15.65%22.44%12.38%14.80%13.97%15.1%1.051.51-19.3%
SCHG10.92%13.54%25.72%14.59%18.77%16.54%19.4%0.951.37-23.4%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Dec 2009” measures every fund from December 11, 2009 — the start of shared available history — 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.

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
Underlying indexDow Jones U.S. Broad Stock Market IndexDow Jones U.S. Large-Cap Growth Total Stock Market Index
Last Close$29.31 as of September 30, 2026$35.93 as of September 30, 2026
Distribution rate1.10%0.41%
Trailing 12-month yield1.05%0.39%
Distribution Safety Score™ 100100
Safety-Adjusted Yield 1.10%0.41%
Expense ratio0.03%0.04%
AUM$44.9B$64.3B
Distribution frequencyQuarterlyQuarterly
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
Beta1.031.22
Last dividend$0.0809$0.037
Ex-dividend date09/23/202609/23/2026

Bottom lineChoose SCHB if you want higher current income (1.10% vs 0.41% 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
ETFs33
Total AUM$612B

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.

See our curated list of related YouTube videos on SCHB and SCHG.

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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 1.10% vs 0.41% 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 have different reference exposures: SCHB is linked to Dow Jones U.S. Broad Stock Market Index while SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.

SCHG is the larger fund by assets ($64.3B), but assets alone do not establish trading costs or liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHB would generate roughly $27.50 cash per distribution, while SCHG would produce $10.25 cash per distribution, at current distribution rates. Both pay quarterly distributions.

SCHB yield1.10%
SCHG yield0.41%
Cash diff on $10K$17.25

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 1.22 for SCHG, making SCHB the less volatile of the two by this measure.

SCHB beta1.03
SCHG beta1.22

Fund details

SCHB is managed by Schwab (launched 11/03/2009) with $44.9B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $64.3B in assets.

SCHB AUM$44.9B
SCHG AUM$64.3B
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Frequently asked questions

What is the difference between SCHB and SCHG?

Same issuer, opposite jobs. SCHB (Schwab U.S. Broad Market ETF) tracks Dow Jones U.S. Broad Stock Market Index — the broad US market. SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, a large-cap growth sleeve. Cost is nearly a tie (0.03% versus 0.04%). Distributions are 1.10% and 0.41% as of September 2026 — both tiny, because these are exposure funds, not income funds. Holding both doubles the mega-cap growth names that already sit inside SCHB.

What is the current distribution rate for SCHB and SCHG?

SCHB currently distributes 1.10% and SCHG 0.41%, based on fund data updated September 2026. Distribution rate 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.

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 1.22 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 $27.50 cash per distribution ($110.00 annually). The same in SCHG would produce about $10.25 cash per distribution ($41.00 annually).

Which has performed better historically, SCHB or SCHG?

SCHB has outpaced SCHG over the trailing twelve months, posting a 15.65% total return against 13.54%. The picture flips over 10 years, though — SCHG has compounded at 18.77% a year, ahead of SCHB at 14.80%. SCHB has been the steadier holding, though — annualized volatility of 15.1% against 19.4% 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 September 26, 2026.

Overview

SCHB and SCHG are both Schwab equity ETFs tracking Dow Jones indexes, but they target fundamentally different market segments. SCHB holds the entire U.S. stock market across all capitalizations and styles via the Dow Jones U.S. Broad Stock Market Index, while SCHG isolates the largest 750 U.S. companies classified as growth stocks. The choice between them hinges on whether you want total-market diversification or concentrated growth exposure.

How they differ

The core difference is scope: SCHB captures the full market—large, mid, and small-cap stocks across value, blend, and growth styles—while SCHG narrows to only the growth segment of large-cap companies. This shows up in beta: SCHG's 1.22 reflects higher sensitivity to market swings than SCHB's 1.03, a hallmark of growth concentration. Income reflects the strategy split too: SCHB yields 1.10%, while SCHG yields just 0.41%, since growth stocks typically pay less in dividends. SCHG holds a larger asset base at $64.3B versus SCHB's $44.9B, and both charge minimal fees—0.03% and 0.04% respectively—making cost a non-factor in the comparison.

Who each is best for

SCHB: Fits investors seeking broad U.S. equity exposure with automatic diversification across market caps and styles, plus modestly higher dividend income from the inclusion of value and mature companies.

SCHG: Designed for growth-oriented allocations where an investor has already established value or dividend-focused holdings elsewhere, or prefers to tilt explicitly toward large-cap growth stocks and accept higher volatility.

Key risks to know

  • Concentration in growth sectors. SCHG's restriction to growth-classified stocks means heavy overlap with technology, consumer discretionary, and other cyclical sectors. Market rotation away from growth—or a sustained period of higher interest rates—can underperform a broad index significantly.
  • Style drift and beta difference. SCHG's beta of 1.22 versus SCHB's 1.03 means SCHG amplifies both upswings and downswings. In sharp market corrections, SCHG's drawdown is likely to exceed SCHB's by a meaningful margin.
  • Lower yield in a rising-rate environment. SCHG's 0.41% yield leaves little cushion if equity valuations compress and growth stocks underperform. Reinvestment of dividends becomes more critical for total return. A stock reclassified from growth to value removes it from the fund, potentially forcing sales at inopportune times.

Bottom line

If you want a single core U.S. equity holding with balanced exposure across the market and slightly higher income, SCHB's broad mandate and lower beta offer simplicity. If you're building a satellite growth position or already hold value-heavy equity elsewhere, SCHG's concentrated large-cap growth tilt and higher beta align with that strategy—but accept that its narrower style focus brings higher sensitivity to market cycles. Past performance of either index does not predict future results.

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

Learn the method

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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These comparisons follow the Dividend Vision methodology.