ETF Comparison

SCHG vs SCHV: Same Size Band, Opposite Style Screens

A head-to-head of Schwab U.S. Large-Cap Value and Schwab U.S. Large-Cap Growth covering how each splits the same large-cap universe.

Updated October 16, 2026

How these figures are calculated: methodology.

Best for

SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.
SCHVInvestors who want higher current income (1.91% vs 0.42% for SCHG).

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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.

SCHG has lagged SCHV over the trailing twelve months, posting a 11.41% total return against 20.80%. The picture flips over 10 years, though — SCHG has compounded at 18.63% a year, ahead of SCHV at 11.44%. SCHV has been the steadier holding, though — annualized volatility of 12.8% 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.
Symbol	YTD cumulative	1Y cumulative	3Y annualized	5Y annualized	10Y annualized	Since Dec 2009	Volatility	Sharpe	Sortino	Max drawdown
SCHG	8.29%	11.41%	23.64%	13.32%	18.63%	16.36%	19.4%	0.88	1.27	-23.4%
SCHV	16.95%	20.80%	19.30%	10.36%	11.44%	11.58%	12.8%	1.06	1.54	-15.3%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 16, 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.
Metric	SCHG	SCHV
Full name	Schwab U.S. Large-Cap Growth ETF	Schwab U.S. Large-Cap Value ETF
Issuer	Schwab	Schwab
Underlying index	Dow Jones U.S. Large-Cap Growth Total Stock Market Index	Dow Jones U.S. Large-Cap Value Total Stock Market Index
Last Close	$35.21 as of October 16, 2026	$34.15 as of October 16, 2026
Distribution rate	0.42%	1.91%
Trailing 12-month yield	0.39%	1.83%
Distribution Safety Score™	97	97
Safety-Adjusted Yield	0.41%	1.85%
Expense ratio	0.04%	0.04%
AUM	$63.0B	$15.5B
Distribution frequency	Quarterly	Quarterly
Objective	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.	Tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index.
Asset class	Equity	Equity
Inception date	12/11/2009	12/11/2009
Beta	1.22	0.76
Last dividend	$0.037	$0.163
Ex-dividend date	09/23/2026	09/23/2026

Bottom lineChoose SCHG if you want a growth tilt and can accept bigger swings for higher upside. Choose SCHV if you want higher current income (1.91% vs 0.42% for SCHG).

SCHV vs SCHG: value or growth in the same size band?

Same Schwab large-cap universe, opposite style screens. Style, not a tiny yield gap, is the comparison.

	SCHG	SCHV
Style	US large-cap growth	US large-cap value
Expense ratio	0.04%	0.04%
Distribution rate	0.42%	1.91%

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Schwab

ETFs33

Total AUM$616B

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

Schwab offers ETFs across U.S. and international equities, fixed income, and other investment categories. Its dividend-focused lineup includes SCHD, which seeks to track the Dow Jones U.S. Dividend 100 Index and selects dividend-paying U.S. companies for fundamental strength. Fund objectives and tracked indexes differ across the lineup.

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Quick verdict

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

SCHV offers the higher yield at 1.91% vs 0.42% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They have different reference exposures: SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index while SCHV is linked to Dow Jones U.S. Large-Cap Value Total Stock Market Index, which means their performance drivers differ.

SCHG is the larger fund by assets ($63.0B), but assets alone do not establish trading costs or liquidity.

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Deep dive

Yield & income

On a $10,000 investment, SCHG would generate roughly $10.50 cash per distribution, while SCHV would produce $47.75 cash per distribution, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.42%

SCHV yield1.91%

Cash diff on $10K$37.25

Cost & efficiency

Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $40 for SCHV (simplified, not compounded). Both charge the same expense ratio.

SCHG ER0.04%

SCHV ER0.04%

Strategy & risk

SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. Beta is 1.22 for SCHG and 0.76 for SCHV, making SCHV the less volatile of the two by this measure.

SCHG beta1.22

SCHV beta0.76

Fund details

SCHG is managed by Schwab (launched 12/11/2009) with $63.0B in assets. SCHV is managed by Schwab (launched 12/11/2009) with $15.5B in assets.

SCHG AUM$63.0B

SCHV AUM$15.5B

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Frequently asked questions

What is the difference between SCHV and SCHG?

SCHV (Schwab U.S. Large-Cap Value ETF) is large-cap value. SCHG (Schwab U.S. Large-Cap Growth ETF) is large-cap growth. Same issuer and size band, opposite style screens. Cost is 0.04% versus 0.04%; distributions are 1.91% and 0.42% as of October 2026. Style split, not a tiny yield gap, is the comparison.

What is the current distribution rate for SCHG and SCHV?

SCHG currently distributes 0.42% and SCHV 1.91%, based on fund data updated October 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is SCHG or SCHV better for dividend income?

It depends on your goals. SCHV 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 SCHG and SCHV?

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 SCHG or SCHV 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: SCHG scores 97, SCHV scores 97. Neither has a clear safety edge on that measure. SCHV has also shown lower price volatility (beta 0.76 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, SCHG or SCHV?

SCHG and SCHV both charge the same expense ratio of 0.04%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in SCHG vs SCHV generate?

At current rates, $10,000 in SCHG would generate roughly $10.50 cash per distribution ($42.00 annually). The same in SCHV would produce about $47.75 cash per distribution ($191.00 annually).

Which has performed better historically, SCHG or SCHV?

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Dividend dates and history

SCHG vs SCHV — at a glance

Generated October 17, 2026.

Overview

SCHG and SCHV are both Schwab ETFs tracking the Dow Jones U.S. Large-Cap indexes, but they take opposite style tilts. SCHG targets large-cap growth stocks (those ranked 1–750 by market cap classified as growth), while SCHV targets large-cap value stocks from the same index family. Both launched on the same day and charge identical fees, but their underlying holdings, risk profiles, and income streams differ sharply.

How they differ

The fundamental split is style: SCHG holds growth-oriented stocks with higher expected earnings growth and lower valuations relative to that growth, while SCHV holds value-oriented stocks trading at lower multiples. This shows up immediately in their yield and volatility. SCHG's beta of 1.22 versus SCHV's 0.76 reflects the growth/value trade-off: SCHG amplifies market moves during rallies but also during downturns, while SCHV is more defensive in bear markets but tends to lag during growth-driven rallies.

Who each is best for

SCHG: Investors seeking capital appreciation over income, comfortable with higher portfolio volatility, and who believe growth stocks will outperform value over their holding period.

SCHV: Investors prioritizing current income and lower portfolio swings, or those who expect value stocks to mean-revert and outperform after long underperformance cycles.

Key risks to know

Style concentration: Both funds concentrate in a single market segment (growth or value). If that style falls out of favor for an extended period, returns lag the broader market. SCHG's higher beta amplifies this risk during downturns; SCHV's lower beta offers less upside when growth leadership persists.

Growth versus value cyclicality: The growth/value spread is historically mean-reverting but can persist for years. Investors timing a style rotation incorrectly may underperform significantly before reversion occurs.

Factor overlap with broader holdings: If a portfolio already holds a significant large-cap core position, adding either SCHG or SCHV may create unintended concentration in either growth or value factors, depending on the core fund's style tilt.

Bottom line

SCHG and SCHV are mirrors of each other: one emphasizes capital appreciation with higher volatility, the other emphasizes income and stability. The choice hinges on your style bias and income needs. If you expect growth to continue leading and can tolerate higher portfolio swings, SCHG's lower yield and higher beta fit that outlook; if you prefer dividend income and smoother returns, SCHV's 1.91% yield and defensive profile may align better. Past performance of either style doesn't predict which will lead next.

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

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These comparisons follow the Dividend Vision methodology.