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ETF Comparison

SCHV vs SCHG: 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.

Data updated September 4, 2026

Best for

  • SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.
  • SCHVInvestors who want higher current income (1.80% vs 0.38% 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

SCHG has lagged SCHV over the trailing twelve months, posting a 16.75% total return against 24.54%. The picture flips over 10 years, though — SCHG has compounded at 18.54% a year, ahead of SCHV at 11.31%. 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.
SymbolYTD1Y3Y5Y10YSince Dec 2009Volatility Sharpe Sortino Max drawdown
SCHG9.57%16.75%23.20%13.02%18.54%16.53%19.4%0.851.21-23.4%
SCHV17.53%24.54%18.48%10.58%11.31%11.76%12.8%0.971.41-15.3%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 4, 2026. YTD and 1Y are cumulative; windows of one year or longer 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.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricSCHGSCHV
Full nameSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETF
IssuerSchwabSchwab
Underlying indexDow Jones U.S. Large-Cap Growth Total Stock Market IndexDow Jones U.S. Large-Cap Value Total Stock Market Index
Last Close$35.53 as of September 4, 2026$34.82 as of September 4, 2026
Distribution yield0.38%1.80%
Distribution Safety Score™ 100100
Safety-Adjusted Yield 0.38%1.80%
Expense ratio0.04%0.04%
AUM$62.4B$15.6B
Distribution frequencyQuarterlyQuarterly
ObjectiveSeeks 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 classEquityEquity
Inception date12/11/200912/11/2009
Beta1.210.77
Last dividend$0.034$0.157
Ex-dividend date06/24/202606/24/2026

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 (1.80% vs 0.38% 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.

SCHGSCHV
StyleUS large-cap growthUS large-cap value
Expense ratio0.04%0.04%
Distribution yield0.38%1.80%
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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$616B

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 SCHG and SCHV.

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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 1.80% vs 0.38% 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 ($62.4B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHG would generate roughly $3.17/month, while SCHV would produce $15.00/month, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.38%
SCHV yield1.80%
Monthly diff on $10K$11.83

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, making SCHV the less volatile of the two by this measure.

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 $15.6B in assets.

SCHG AUM$62.4B
SCHV AUM$15.6B
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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 1.80% and 0.38% as of September 2026. Style split, not a tiny yield gap, is the comparison.

What is the current distribution yield for SCHG and SCHV?

SCHG currently distributes 0.38% and SCHV 1.80%, based on fund data updated September 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.

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 $15.00 per month ($180.00 annually).

Which has performed better historically, SCHG or SCHV?

SCHG has lagged SCHV over the trailing twelve months, posting a 16.75% total return against 24.54%. The picture flips over 10 years, though — SCHG has compounded at 18.54% a year, ahead of SCHV at 11.31%. 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. Past performance does not guarantee future results.

More comparisons to explore

SCHG vs SCHV — at a glance

Generated August 29, 2026.

Overview

SCHG and SCHV are both Schwab-issued ETFs tracking large-cap U.S. equity indexes, but they pursue opposite style exposures. SCHG targets growth stocks—the faster-growing half of the large-cap universe ranked by market cap—while SCHV targets value stocks, which typically offer lower valuations and higher current yields. Both charge identical 0.04% expense ratios and rebalance quarterly.

How they differ

The fundamental split is style: SCHG holds the 750 largest U.S. companies classified as growth; SCHV holds large-cap value stocks instead. That stylistic fork drives everything else. SCHG also carries a beta of 1.21, meaning it amplifies broad market swings, while SCHV's beta of 0.77 suggests more muted volatility. AUM tells a similar story: SCHG commands $62.4B in assets versus SCHV's $15.6B, reflecting investor appetite for growth exposure over the past 15 years.

Who each is best for

SCHG: Fits investors with a long time horizon seeking capital appreciation, comfortable with higher volatility and lower near-term income, who believe growth-style outperformance will persist.

SCHV: Fits investors prioritizing current income and downside cushion over rapid price appreciation, with moderate risk tolerance and a preference for the stability that value-stock characteristics historically provide.

Key risks to know

  • Style concentration risk. Both ETFs lock you into a single market style (growth or value). If growth outperforms value for extended periods, SCHV holders will lag; the inverse holds when value rebounds. These funds do not provide broad large-cap exposure on their own.
  • Beta mismatch with market volatility. SCHG's 1.21 beta means it will lose more than the market in downturns; SCHV's 0.77 beta, while defensive, also underperforms in strong rallies. Selecting one implicitly bets on which environment will dominate.
  • Dividend sustainability in SCHV. The 1.80% distribution rate is substantially higher than SCHG's, but growth is limited for mature, value-oriented companies. A sharp drop in corporate earnings could pressure SCHV's payouts if the underlying index constituents cut dividends.
  • Sector overlap between funds may be limited. Growth and value indexes weight sectors differently; growth tilts toward technology and communication services, while value leans toward financials and industrials. Your holdings' correlation with the broader market—and with each other—depends heavily on the current economic cycle.

Bottom line

If you prioritize growth and can tolerate higher volatility, SCHG's stronger beta and proven asset base suit an accumulation strategy. If you want quarterly income with lower drawdown risk, SCHV's 1.80% yield and defensive characteristics appeal—but recognize you're making a style bet, not owning the entire large-cap market. Neither substitutes for understanding how growth and value perform in your expected economic environment. Past performance does not guarantee 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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