A head-to-head comparison of Schwab U.S. Large-Cap Growth ETF and State Street SPDR Portfolio S&P 500 Growth ETF covering yield, cost, risk, and income potential.
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 SPYG.
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 SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SPYG offers the higher yield at 0.50% vs 0.39% 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 SPYG tracks S&P 500 Growth Index, which means their performance drivers differ.
SCHG is the larger fund by assets ($58.4B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SCHG would generate roughly $3.25/month, while SPYG would produce $4.17/month, at current distribution rates. Both pay quarterly distributions.
SCHG yield0.39%
SPYG yield0.50%
Monthly diff on $10K$0.92
Cost & efficiency
Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $40 for SPYG (simplified, not compounded). Both charge the same expense ratio.
SCHG ER0.04%
SPYG ER0.04%
Strategy & risk
SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach, while SPYG tracks S&P 500 Growth Index with an index approach. Beta is 1.21 for SCHG and 1.2 for SPYG, indicating SPYG is less volatile relative to the market.
SCHG beta1.21
SPYG beta1.2
Fund details
SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets. SPYG is managed by State Street (launched 09/25/2000) with $51.4B in assets.
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Frequently asked questions
Is SCHG or SPYG better for dividend income?
It depends on your goals. SPYG 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 SPYG?
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 SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) tracks S&P 500 Growth Index with an index approach. They are issued by Schwab and State Street respectively.
Can I hold both SCHG and SPYG?
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 SPYG?
SCHG and SPYG 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 SPYG generate?
At current rates, $10,000 in SCHG would generate roughly $3.25 per month ($39.00 annually). The same in SPYG would produce about $4.17 per month ($50.00 annually).
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