DV
Dividend Vision

ETF Comparison

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

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.

Data updated August 14, 2026

Best for

  • SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.
  • SPYGInvestors 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.
MetricSCHGSPYG
Full nameSchwab U.S. Large-Cap Growth ETFState Street SPDR Portfolio S&P 500 Growth ETF
IssuerSchwabState Street
Last Close$35.79 as of August 14, 2026$122.92 as of August 14, 2026
Distribution yield0.38%0.48%
Distribution Safety Score™ 10082
Expense ratio0.04%0.04%
AUM$62.4B$54.7B
Distribution frequencyQuarterlyQuarterly
Underlying indexDow Jones U.S. Large-Cap Growth Total Stock Market IndexS&P 500 Growth 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.Provide exposure to the fund's underlying index or strategy per issuer materials.
Asset classEquityEquity
Inception date12/11/200909/25/2000
Beta1.211.21
Last dividend$0.0340$0.1480
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 SPYG if you want broad equity exposure.

Model this comparison:
Compare in my portfolio Forecast income Save to watchlist

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.

See our curated list of related YouTube videos on SCHG.

See all Schwab ETFs
State Street
ETFs180
Total AUM$2127B

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.

See all State Street ETFs

Want to go deeper?

Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — free to start, no credit card.

Compare in my portfolio Forecast income Save to watchlist

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 SPYG over the trailing twelve months, posting a 16.99% total return against 23.42%. The picture flips over 10 years, though — SCHG has compounded at 18.57% a year, ahead of SPYG at 17.80%. 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
SCHG10.37%16.99%24.45%13.97%18.57%16.64%19.5%0.901.28-23.4%
SPYG15.44%23.42%26.88%14.05%17.80%16.39%19.6%0.991.43-22.1%

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 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 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 0.48% 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 SPYG tracks S&P 500 Growth 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 SPYG would produce $4.00/month, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.38%
SPYG yield0.48%
Monthly diff on $10K$0.83

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, while SPYG tracks S&P 500 Growth Index with an index approach.

SCHG beta1.21
SPYG beta1.21

Fund details

SCHG is managed by Schwab (launched 12/11/2009) with $62.4B in assets. SPYG is managed by State Street (launched 09/25/2000) with $54.7B in assets.

SCHG AUM$62.4B
SPYG AUM$54.7B
Ready to act?
Open in Comparator Model in portfolio See pricing

Enjoyed this page?

Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.

Frequently asked questions

What is the current distribution yield for SCHG and SPYG?

SCHG currently distributes 0.38% and SPYG 0.48%, 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 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, 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.

Is SCHG or SPYG 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, SPYG scores 82, 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 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 $3.17 per month ($38.00 annually). The same in SPYG would produce about $4.00 per month ($48.00 annually).

Which has performed better historically, SCHG or SPYG?

SCHG has lagged SPYG over the trailing twelve months, posting a 16.99% total return against 23.42%. The picture flips over 10 years, though — SCHG has compounded at 18.57% a year, ahead of SPYG at 17.80%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

SCHG vs SPYG — at a glance

Generated August 15, 2026.

Overview

SCHG and SPYG are both large-cap growth equity ETFs tracking different indices of U.S. large-cap growth stocks. SCHG follows the Dow Jones U.S. Large-Cap Growth Total Stock Market Index and holds up to 750 components, while SPYG tracks the narrower S&P 500 Growth Index. Both charge 0.04% in expenses, but they differ in scope—SCHG casts a wider net across the large-cap growth universe, whereas SPYG's index is more concentrated.

How they differ

The most significant difference is index construction: SPYG's S&P 500 Growth Index is a subset of the 500 largest U.S. companies classified as growth, while SCHG's Dow Jones index includes components ranked 1-750 by market cap and filtered for growth classification. This means SCHG's opportunity set is roughly 50% larger, potentially capturing mid-range large-cap growth names that SPYG excludes.

Both ETFs carry identical 0.04% expense ratios and pay distributions quarterly, though SPYG yields slightly higher at 0.48% versus SCHG's 0.38%. SPYG has deeper history, dating to 2000 versus SCHG's 2009 inception, and both exhibit the same 1.21 beta. SCHG commands greater assets at $62.4B compared to SPYG's $54.7B, reflecting stronger inflows into the Schwab platform.

Who each is best for

SCHG: Fits investors seeking broad exposure to large-cap growth beyond the S&P 500's largest constituents, or those who value slightly lower yield if it reflects exposure to a wider range of growth equities and reduced single-name concentration.

SPYG: Designed for investors who specifically want pure S&P 500 Growth exposure and prefer the index's long-established methodology and transparent, widely-referenced construction rules.

Key risks to know

  • Index overlap risk: The two indices likely share 80–90% of holdings, so the difference in performance may be modest despite different construction methods; verifying actual holdings overlap is important before holding both.
  • Large-cap growth concentration: Both funds concentrate risk in mega-cap technology and consumer discretionary names. Large-cap growth indices tend to weight their largest constituents heavily, and any sector downturn in growth-sensitive businesses will pressure both similarly.
  • Valuation sensitivity: Large-cap growth equities trade on earnings growth and low cash yields, leaving them vulnerable to rising interest rates. Neither fund offers dividend income to cushion volatility; the 0.38–0.48% distribution rates reflect capital appreciation focus, not income generation.
  • Beta above 1.0: Both ETFs carry a beta of 1.21, amplifying market swings in both directions. During growth corrections, these funds will likely underperform the broader market.

Bottom line

If you want the broadest large-cap growth mandate within ETF structure, SCHG's wider index eligible universe and marginally lower yield may appeal; if you prefer the simplicity and historical track record of S&P 500 Growth exposure, SPYG delivers that with comparable costs. The choice hinges on whether the extra 250 index slots in SCHG's universe matter to your strategy, since both funds will likely move in tight lockstep during market cycles. Past performance 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

Still deciding? Compare them against your own portfolio

See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.

Start Free Open in Comparator Browse Screener