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.
Dow Jones U.S. Large-Cap Growth Total Stock Market Index
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Objective
Capital Appreciation
—
Asset class
Equity
Equity
Inception date
12/11/2009
05/19/1997
Beta
1.21
1.0
Last dividend
$0.0340
$0.1946
Ex-dividend date
06/24/2026
12/12/2025
Bottom lineChoose SCHG if you want a growth tilt and can accept bigger swings for higher upside. Choose SWPPX if you want higher current income (1.00% vs 0.39% for SCHG).
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each security 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) is an ETF, while SWPPX (Schwab S&P 500 Index Fund) is a mutual fund — they take fundamentally different approaches.
SWPPX offers the higher yield at 1.00% 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 0.59%.
SWPPX is the larger fund by assets ($144B), 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 0.59% for SWPPX.
Choose SWPPX
Schwab S&P 500 Index Fund
Want higher current income — SWPPX yields 1.00% vs 0.39% for SCHG.
Want broad equity exposure.
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 SWPPX would produce $8.33/month, at current distribution rates.
SCHG yield0.39%
SWPPX yield1.00%
Monthly diff on $10K$5.08
Cost & efficiency
Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $590 for SWPPX (simplified, not compounded). The $550.00 difference may be offset by yield or performance.
SCHG ER0.04%
SWPPX ER0.59%
Strategy & risk
SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach, while SWPPX is a mutual fund. Beta is 1.21 for SCHG and 1.0 for SWPPX, indicating SWPPX is less volatile relative to the market.
SCHG beta1.21
SWPPX beta1.0
Fund details
SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets. SWPPX is managed by Schwab (launched 05/19/1997) with $144B in assets.
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Frequently asked questions
Is SCHG or SWPPX better for dividend income?
It depends on your goals. SWPPX 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 SWPPX?
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 SWPPX (Schwab S&P 500 Index Fund) is a mutual fund. They are issued by Schwab and Schwab respectively.
Can I hold both SCHG and SWPPX?
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 SWPPX?
SCHG has an expense ratio of 0.04% while SWPPX charges 0.59%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SCHG vs SWPPX generate?
At current rates, $10,000 in SCHG would generate roughly $3.25 per month ($39.00 annually). The same in SWPPX would produce about $8.33 per month ($100.00 annually).
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