ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.
See our curated list of related YouTube videos on SCHG.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPY.
Dow Jones U.S. Large-Cap Growth Total Stock Market Index
S&P 500 Index
Objective
Capital Appreciation
Track the S&P 500 Index before expenses.
Asset class
Equity
Equity
Inception date
12/11/2009
01/22/1993
Beta
1.21
1.0
Last dividend
$0.0340
$1.9035
Ex-dividend date
06/24/2026
09/18/2026
Bottom lineChoose SCHG if you want a growth tilt and can accept bigger swings for higher upside. Choose SPY if you want higher current income (1.01% vs 0.39% for SCHG).
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SCHG (Schwab U.S. Large-Cap Growth ETF) and SPY (SPDR S&P 500 ETF Trust) are both quarterly-pay dividend ETFs, but they take different approaches.
SPY offers the higher yield at 1.01% vs 0.39% 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 0.10%.
They track different benchmarks: SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index while SPY tracks S&P 500 Index, which means their performance drivers differ.
SPY is the larger fund by assets ($783B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose SCHG
Schwab U.S. Large-Cap Growth ETF
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.04% expense ratio vs 0.10% for SPY.
Choose SPY
SPDR S&P 500 ETF Trust
Want higher current income — SPY yields 1.01% vs 0.39% for SCHG.
Want simple, diversified core exposure as a portfolio building block.
Prefer lower volatility — a beta of 1.0 vs 1.2 for SCHG.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, SCHG would generate roughly $3.25/month, while SPY would produce $8.42/month, at current distribution rates. Both pay quarterly distributions.
SCHG yield0.39%
SPY yield1.01%
Monthly diff on $10K$5.17
Cost & efficiency
Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $100 for SPY (simplified, not compounded). The $60.00 difference may be offset by yield or performance.
SCHG ER0.04%
SPY ER0.10%
Strategy & risk
SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach, while SPY tracks S&P 500 Index with a large cap approach. Beta is 1.21 for SCHG and 1.0 for SPY, indicating SPY is less volatile relative to the market.
SCHG beta1.21
SPY beta1.0
Fund details
SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets. SPY is managed by State Street (launched 01/22/1993) with $783B in assets.
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Frequently asked questions
Is SCHG or SPY better for dividend income?
It depends on your goals. SPY 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 SPY?
SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach, while SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach. They are issued by Schwab and State Street respectively.
Can I hold both SCHG and SPY?
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.
Which has lower fees, SCHG or SPY?
SCHG has an expense ratio of 0.04% while SPY charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SCHG vs SPY generate?
At current rates, $10,000 in SCHG would generate roughly $3.25 per month ($39.00 annually). The same in SPY would produce about $8.42 per month ($101.00 annually).
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