Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
SCHG has lagged SPYM over the trailing twelve months, posting a 13.54% total return against 16.23%. The picture flips over 10 years, though — SCHG has compounded at 18.77% a year, ahead of SPYM at 15.38%. SPYM has been the steadier holding, though — annualized volatility of 14.9% 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.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Dec 2009” measures every fund from December 11, 2009 — the start of shared available history — 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.
Seeks 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 S&P 500 Index, providing broad U.S. large-cap equity exposure at a low cost.
Bottom lineChoose SCHG if you want a growth tilt and can accept bigger swings for higher upside. Choose SPYM if you want higher current income (1.07% vs 0.41% for SCHG).
A growth allocation versus the S&P 500
SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index; SPYM tracks the S&P 500. Both carry stock-market risk. A growth tilt can change sector and company concentrations, and does not guarantee higher returns.
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.
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 SPYM.
SCHG (Schwab U.S. Large-Cap Growth ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SPYM offers the higher yield at 1.07% vs 0.41% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPYM is cheaper with an expense ratio of 0.02% compared to 0.04%.
They have different reference exposures: SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index while SPYM is linked to S&P 500 Index, which means their performance drivers differ.
SPYM is the larger fund by assets ($176B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, SCHG would generate roughly $10.25 cash per distribution, while SPYM would produce $26.75 cash per distribution, at current distribution rates. Both pay quarterly distributions.
SCHG yield0.41%
SPYM yield1.07%
Cash diff on $10K$16.50
Cost & efficiency
Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $20 for SPYM (simplified, not compounded). The $20.00 difference may be offset by yield or performance.
SCHG ER0.04%
SPYM ER0.02%
Strategy & risk
SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while SPYM tracks S&P 500 Index with a large cap approach. Beta is 1.22 for SCHG and 1.0 for SPYM, making SPYM the less volatile of the two by this measure.
SCHG beta1.22
SPYM beta1.0
Fund details
SCHG is managed by Schwab (launched 12/11/2009) with $64.3B in assets. SPYM is managed by State Street (launched 11/08/2005) with $176B in assets.
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Frequently asked questions
Does holding SCHG and SPYM add diversification?
SCHG targets large-cap growth stocks, while SPYM tracks the S&P 500, which includes growth and value companies. They can hold many of the same companies. Adding SCHG may increase a portfolio's growth tilt rather than add a separate asset class. Check current holdings and weights before assuming the combination diversifies risk.
Is SPLG the same as SPYM?
Yes — same fund, new ticker. State Street renamed the State Street SPDR Portfolio S&P 500 ETF from SPLG to SPYM; the strategy and holdings carried over unchanged, and existing shareholders kept their position under the new symbol. So results for "SPLG" are answered by SPYM's numbers: 1.07% distribution yield at a 0.02% expense ratio, with $176B in assets as of September 2026.
What is the current distribution rate for SCHG and SPYM?
SCHG currently distributes 0.41% and SPYM 1.07%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is SCHG or SPYM better for dividend income?
It depends on your goals. SPYM 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.
Is SCHG or SPYM 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, SPYM scores 100. Neither has a clear safety edge on that measure. SPYM has also shown lower price volatility (beta 1.00 vs 1.22 for SCHG). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
Which has lower fees, SCHG or SPYM?
SCHG has an expense ratio of 0.04% while SPYM charges 0.02%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SCHG vs SPYM generate?
At current rates, $10,000 in SCHG would generate roughly $10.25 cash per distribution ($41.00 annually). The same in SPYM would produce about $26.75 cash per distribution ($107.00 annually).
Which has performed better historically, SCHG or SPYM?
SCHG has lagged SPYM over the trailing twelve months, posting a 13.54% total return against 16.23%. The picture flips over 10 years, though — SCHG has compounded at 18.77% a year, ahead of SPYM at 15.38%. SPYM has been the steadier holding, though — annualized volatility of 14.9% against 19.4% for SCHG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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