ETF Comparison

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

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

Data updated August 14, 2026

Best for

SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.
SCHVInvestors who want higher current income (1.78% vs 0.38% for SCHG).

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.
Metric	SCHG	SCHV
Full name	Schwab U.S. Large-Cap Growth ETF	Schwab U.S. Large-Cap Value ETF
Issuer	Schwab	Schwab
Last Close	$35.79 as of August 14, 2026	$35.37 as of August 14, 2026
Distribution yield	0.38%	1.78%
Distribution Safety Score™	100	100
Expense ratio	0.04%	0.04%
AUM	$62.4B	$16.1B
Distribution frequency	Quarterly	Quarterly
Underlying index	Dow Jones U.S. Large-Cap Growth Total Stock Market Index	Dow Jones U.S. Large-Cap Value Total Stock Market Index
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	1.21	0.77
Last dividend	$0.0340	$0.1570
Ex-dividend date	06/24/2026	06/24/2026

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 (1.78% vs 0.38% for SCHG).

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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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Key metrics

Projected income on $10K

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

Total returns

SCHG has lagged SCHV over the trailing twelve months, posting a 16.99% total return against 26.82%. The picture flips over 10 years, though — SCHG has compounded at 18.57% a year, ahead of SCHV at 11.53%. SCHV has been the steadier holding, though — annualized volatility of 12.9% 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.
Symbol	YTD	1Y	3Y	5Y	10Y	Since Dec 2009	Volatility	Sharpe	Sortino	Max drawdown
SCHG	10.37%	16.99%	24.45%	13.97%	18.57%	16.64%	19.5%	0.90	1.28	-23.4%
SCHV	19.38%	26.82%	18.40%	10.94%	11.53%	11.91%	12.9%	0.97	1.39	-15.3%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 14, 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

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 1.78% vs 0.38% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: SCHG is linked to 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, which means their performance drivers differ.

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

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Deep dive

Yield & income

On a $10,000 investment, SCHG would generate roughly $3.17/month, while SCHV would produce $14.83/month, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.38%

SCHV yield1.78%

Monthly diff on $10K$11.67

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 1.21 for SCHG and 0.77 for SCHV, indicating SCHV is less volatile relative to the market.

SCHG beta1.21

SCHV beta0.77

Fund details

SCHG is managed by Schwab (launched 12/11/2009) with $62.4B in assets. SCHV is managed by Schwab (launched 12/11/2009) with $16.1B in assets.

SCHG AUM$62.4B

SCHV AUM$16.1B

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Frequently asked questions

What is the current distribution yield for SCHG and SCHV?

SCHG currently distributes 0.38% and SCHV 1.78%, 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 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.

What is the difference between SCHG and SCHV?

SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SCHV (Schwab U.S. Large-Cap Value ETF) tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They are issued by Schwab and Schwab respectively.

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 100, SCHV scores 100. Neither has a clear safety edge on that measure. SCHV has also shown lower price volatility (beta 0.77 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, 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 $3.17 per month ($38.00 annually). The same in SCHV would produce about $14.83 per month ($178.00 annually).

Which has performed better historically, SCHG or SCHV?

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SCHG vs SCHV — at a glance

Generated August 8, 2026.

Overview

SCHG and SCHV are both Schwab-issued ETFs tracking large-cap U.S. equities through Dow Jones indices, but they pursue opposite style exposures: SCHG targets growth stocks (the fastest-growing names within the top 750 by market cap), while SCHV targets value stocks (lower valuations, typically higher dividend payers). The core difference is their underlying stock selection, not the Schwab platform or fee structure they share.

How they differ

SCHG holds growth-ranked large-caps with a 1.21 beta, meaning it tends to amplify broad market moves, while SCHV holds value-ranked large-caps with a 0.76 beta, exhibiting lower volatility relative to the market. The second major difference is yield: SCHV distributes 1.80% annually versus SCHG's 0.38%, a 1.42 percentage point gap reflecting the income-oriented nature of value stocks. Both charge the same 0.04% expense ratio and rebalance quarterly, but SCHG commands significantly larger assets at $62.4B compared to SCHV's $16.1B, which can translate to tighter bid-ask spreads and greater index-tracking precision for the growth fund.

Who each is best for

SCHG: Fits investors with longer time horizons who seek capital appreciation over income and can tolerate higher volatility from growth-stock exposure.

SCHV: Fits investors prioritizing current income and lower portfolio volatility, and those who want exposure to established, profitable large-cap companies.

Key risks to know

Growth versus value cycles: SCHG and SCHV's relative performance swings sharply over multi-year periods as the market rotates between growth and value preferences. Neither style is consistently superior, and concentrated bets on one can underperform for sustained stretches.

Higher beta amplification in SCHG: SCHG's 1.21 beta means downturns tend to be more severe for this fund, a cost paid for the amplified upside in rising markets.

Large-cap concentration: Both funds are confined to the top 750 large-cap names by market capitalization; neither provides broad exposure to mid-caps, small-caps, or international equities. If large-caps underperform, both funds will lag.

Yield sustainability in SCHV: The 1.80% distribution in SCHV is supported by the dividend yields of value stocks themselves, not leverage or return-of-capital mechanisms. This is genuine dividend income, but if dividend-paying large-caps reduce payouts during economic weakness, SCHV's yield will decline.

Bottom line

If you want higher growth potential and can accept increased volatility, SCHG's lower yield and elevated beta fit that profile; if you prioritize steady income and lower portfolio swings, SCHV's 1.80% yield and 0.76 beta align with that goal. The choice between them depends on your market outlook and risk tolerance rather than fund quality—both track their indices faithfully at minimal cost. Past performance doesn't predict future results, and style rotations can last years.

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

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