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ETF Comparison

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

A head-to-head comparison of Schwab U.S. Large-Cap Growth ETF and Invesco S&P 500 Momentum 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.
  • SPMOInvestors who want broad equity exposure.

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.
MetricSCHGSPMO
Full nameSchwab U.S. Large-Cap Growth ETFInvesco S&P 500 Momentum ETF
IssuerSchwabInvesco
Last Close$35.79 as of August 14, 2026$153.31 as of August 14, 2026
Distribution yield0.38%0.64%
Distribution Safety Score™ 10072
Expense ratio0.04%0.13%
AUM$62.4B$21.3B
Distribution frequencyQuarterlyQuarterly
Underlying indexDow Jones U.S. Large-Cap Growth Total Stock Market IndexS&P 500 Momentum Index
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.Track the S&P 500 Momentum Index, providing factor exposure to the highest momentum names within the S&P 500.
Asset classEquityEquity
Inception date12/11/200910/09/2015
Beta1.211.33
Last dividend$0.0340$0.2450
Ex-dividend date06/24/202606/22/2026

Bottom lineChoose SCHG if you want a growth tilt and can accept bigger swings for higher upside. Choose SPMO if you want broad equity exposure.

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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.

See our curated list of related YouTube videos on SCHG.

See all Schwab ETFs
Invesco
ETFs247
Total AUM$983B

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

Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.

See our curated list of related YouTube videos on SPMO.

See all Invesco ETFs

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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 SPMO over the trailing twelve months, posting a 16.99% total return against 31.17%. The lead holds up over 10 years too: SPMO has compounded at 20.40% a year, against 18.57% 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 Oct 2015Volatility Sharpe Sortino Max drawdown
SCHG10.37%16.99%24.45%13.97%18.57%17.78%19.5%0.901.28-23.4%
SPMO28.67%31.17%38.77%21.32%20.40%19.57%21.8%1.311.92-20.1%

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 Oct 2015” measures every fund from October 12, 2015 — 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 SPMO (Invesco S&P 500 Momentum ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SPMO offers the higher yield at 0.64% vs 0.38% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHG is cheaper with an expense ratio of 0.04% compared to 0.13%.

They track different benchmarks: SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index while SPMO tracks S&P 500 Momentum 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 SPMO would produce $5.33/month, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.38%
SPMO yield0.64%
Monthly diff on $10K$2.17

Cost & efficiency

Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $130 for SPMO (simplified, not compounded). The $90.00 difference may be offset by yield or performance.

SCHG ER0.04%
SPMO ER0.13%

Strategy & risk

SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 1.21 for SCHG and 1.33 for SPMO, indicating SCHG is less volatile relative to the market.

SCHG beta1.21
SPMO beta1.33

Fund details

SCHG is managed by Schwab (launched 12/11/2009) with $62.4B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $21.3B in assets.

SCHG AUM$62.4B
SPMO AUM$21.3B
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Frequently asked questions

What is the current distribution yield for SCHG and SPMO?

SCHG currently distributes 0.38% and SPMO 0.64%, 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 SPMO better for dividend income?

It depends on your goals. SPMO 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 SPMO?

SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by Schwab and Invesco respectively.

Can I hold both SCHG and SPMO?

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 SPMO safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SCHG scores 100, SPMO scores 72, so SCHG's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, SCHG or SPMO?

SCHG has an expense ratio of 0.04% while SPMO charges 0.13%. Lower fees mean more of your investment returns stay in your pocket over time.

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

At current rates, $10,000 in SCHG would generate roughly $3.17 per month ($38.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).

Which has performed better historically, SCHG or SPMO?

SCHG has lagged SPMO over the trailing twelve months, posting a 16.99% total return against 31.17%. The lead holds up over 10 years too: SPMO has compounded at 20.40% a year, against 18.57% 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 SPMO — at a glance

Generated August 15, 2026.

Overview

SCHG and SPMO are both large-cap equity ETFs tracking broad U.S. stock indexes, but they target meaningfully different segments of the market. SCHG holds the largest 750 U.S. stocks classified as growth names across all sectors, while SPMO isolates the highest momentum performers within the S&P 500—a narrower, more concentrated screen. The key distinction is breadth: SCHG is a large-cap growth index fund, while SPMO is a factor-based momentum strategy applied to a specific index.

How they differ

SPMO is considerably more concentrated and volatile than SCHG. SPMO targets momentum factors within the S&P 500 (roughly 500 holdings with a momentum overlay), while SCHG holds up to 750 large-cap growth stocks across all sectors; SPMO's beta of 1.33 versus SCHG's 1.21 reflects that difference in amplification. SPMO yields slightly higher at 0.64% versus SCHG's 0.38%, but carries a higher expense ratio (0.13% versus 0.04%), partially offsetting the yield advantage. SCHG is vastly larger by assets under management—$62.4B compared to SPMO's $21.3B—which typically translates to tighter bid-ask spreads and lower trading friction for SCHG.

Who each is best for

SCHG: Fits investors seeking broad large-cap growth exposure with minimal costs and maximum liquidity. A foundational core holding works well for those prioritizing simplicity and the lowest possible fee drag over multi-decade periods.

SPMO: Designed for investors comfortable with higher volatility and tactical tilting toward short-term price momentum within the S&P 500. Works as a tactical satellite or rotational position for those with a moderately higher risk tolerance and conviction in momentum as an active factor bet.

Key risks to know

  • Factor concentration and mean reversion. Momentum strategies are cyclical; extended periods of underperformance occur when mean reversion kicks in and previously strong stocks lose relative strength. SPMO's narrower momentum screen amplifies this risk relative to SCHG's diversified growth approach.
  • Higher beta amplification. SPMO's beta of 1.33 versus SCHG's 1.21 means sharper drawdowns in broad market downturns. An S&P 500 decline of 20% may translate to a 26%+ decline for SPMO, while SCHG would likely experience roughly 24%.
  • Style drift and sector overlap. Both funds' exposures may cluster in similar sectors (technology, discretionary) during growth cycles. While holdings won't be identical, their correlation during downturns can be higher than their diversification at first glance suggests; this should be verified if used together.
  • Fee drag on lower returns. SPMO's 0.13% expense ratio is modest in absolute terms but compounds meaningfully over time; if momentum underperforms growth, the additional 0.09% cost widened the gap.

Bottom line

SCHG offers a low-cost, high-liquidity large-cap growth core; SPMO layers a tactical momentum factor bet on top of the S&P 500. If you value simplicity and breadth, SCHG's lower fees and larger asset base stand out; if you're comfortable with factor-timing risk and want concentrated exposure to relative momentum, SPMO's higher beta may align with your conviction. 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.

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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