ETF Comparison
VOO vs SCHG: Which Is the Better Pick in 2026?
A head-to-head comparison of Vanguard S&P 500 ETF and Schwab U.S. Large-Cap Growth ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| VOO | SCHG | |
|---|---|---|
| Full name | Vanguard S&P 500 ETF | Schwab U.S. Large-Cap Growth ETF |
| Issuer | Vanguard | Schwab |
| Price | $602.30 | $29.41 |
| Distribution yield | 1.12% | 0.38% |
| Expense ratio | 0.03% | 0.04% |
| AUM | $1512.9B | $50.5B |
| Distribution frequency | Quarterly | Quarterly |
| Underlying index | S&P 500 Index | Dow Jones U.S. Large-Cap Growth Total Stock Market Index |
| Objective | Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies. | Capital Appreciation |
| Asset class | Equity | Equity |
| Inception date | 09/07/2010 | 12/11/2009 |
| Beta | 1.0 | 1.19 |
| Last dividend | $1.87 | $0.04 |
| Ex-dividend date | 03/27/2026 | 03/25/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
VOO (Vanguard S&P 500 ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both popular quarterly-pay track the performance of the s&p 500 index, representing 500 of the largest u.s. companies. ETFs, but they take different approaches.
VOO offers the higher yield at 1.12% vs 0.38% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
VOO is cheaper with an expense ratio of 0.03% compared to 0.04%.
They track different benchmarks: VOO is linked to S&P 500 Index while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.
VOO is the larger fund by assets ($1512.9B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, VOO would generate roughly $9.33/month while SCHG would produce $3.17/month at current distribution rates. Both pay quarterly distributions.
Cost & efficiency
Over 10 years on $10,000, VOO would cost approximately $30 in fees vs $40 for SCHG (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
Strategy & risk
VOO tracks S&P 500 Index with a track the performance of the s&p 500 index, representing 500 of the largest u.s. companies. approach, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index using a capital appreciation strategy. Beta is 1.0 for VOO and 1.19 for SCHG, indicating VOO is less volatile relative to the market.
Fund details
VOO is managed by Vanguard (launched 09/07/2010) with $1512.9B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $50.5B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is VOO or SCHG better for dividend income?
It depends on your goals. VOO 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 VOO and SCHG?
VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a track the performance of the s&p 500 index, representing 500 of the largest u.s. companies. strategy, while 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. They are issued by Vanguard and Schwab respectively.
Can I hold both VOO and SCHG?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, VOO or SCHG?
VOO has an expense ratio of 0.03% while SCHG charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in VOO vs SCHG generate?
At current yields, $10,000 in VOO would generate roughly $9.33 per month ($112.00 annually). The same in SCHG would produce about $3.17 per month ($38.00 annually).
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