ETF Comparison

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

A head-to-head comparison of Schwab U.S. Large-Cap Growth ETF and Vanguard S&P 500 ETF covering yield, cost, risk, and income potential.

Data updated May 20, 2026

Schwab

ETFs16

Total AUM$446.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is known for offering low-cost, broadly accessible ETFs designed for individual investors seeking simplicity and affordability. The company's focused lineup of two ETFs targets complementary investment strategies: SCHD emphasizes dividend income for conservative investors, while SCHG pursues growth opportunities for those seeking capital appreciation. Both funds reflect Schwab's commitment to minimizing fees and providing straightforward core portfolio holdings.

See our curated list of related YouTube videos on SCHG.

See all Schwab ETFs

Vanguard

ETFs48

Total AUM$11763.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Vanguard is known for offering low-cost, passively managed ETFs that serve as core portfolio holdings for individual investors. Their fund lineup emphasizes core equity exposure and dividend income strategies, with offerings spanning domestic growth (VGT, VUG), broad market indices (VOO), dividend-focused portfolios (VYM, VIG), and international high dividend yield opportunities (VONG, VYMI). The issuer's seven funds are characterized by expense ratios among the industry's lowest and a focus on long-term, buy-and-hold investors seeking diversified equity exposure.

See our curated list of related YouTube videos on VOO.

See all Vanguard ETFs

Side-by-side snapshot

	SCHG	VOO
Full name	Schwab U.S. Large-Cap Growth ETF	Vanguard S&P 500 ETF
Issuer	Schwab	Vanguard
Last Close	$34.19 as of May 20, 2026	$678.91 as of May 20, 2026
Distribution yield	0.36%	1.04%
Expense ratio	0.04%	0.03%
AUM	$55.6B	$1600.2B
Distribution frequency	Quarterly	Quarterly
Underlying index	Dow Jones U.S. Large-Cap Growth Total Stock Market Index	S&P 500 Index
Objective	Capital Appreciation	Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset class	Equity	Equity
Inception date	12/11/2009	09/07/2010
Beta	1.17	1.0
Last dividend	$0.04	$1.87
Ex-dividend date	03/25/2026	03/27/2026

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Key metrics

Projected income on $10K

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 VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

VOO offers the higher yield at 1.04% vs 0.36% 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: SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index while VOO tracks S&P 500 Index, which means their performance drivers differ.

VOO is the larger fund by assets ($1600.2B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHG would generate roughly $3.00/month, while VOO would produce $8.67/month, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.36%

VOO yield1.04%

Monthly diff on $10K$5.67

Cost & efficiency

Over 10 years on $10,000, SCHG would cost approximately $40 in fees vs $30 for VOO (simplified, not compounded). The $10.00 difference may be offset by yield or performance.

SCHG ER0.04%

VOO ER0.03%

Strategy & risk

SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach, while VOO tracks S&P 500 Index using a large cap strategy. Beta is 1.17 for SCHG and 1.0 for VOO, indicating VOO is less volatile relative to the market.

SCHG beta1.17

VOO beta1.0

Fund details

SCHG is managed by Schwab (launched 12/11/2009) with $55.6B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1600.2B in assets.

SCHG AUM$55.6B

VOO AUM$1600.2B

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Frequently asked questions

Is SCHG or VOO 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 SCHG and VOO?

SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation strategy, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by Schwab and Vanguard respectively.

Can I hold both SCHG and VOO?

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, SCHG or VOO?

SCHG has an expense ratio of 0.04% while VOO charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in SCHG vs VOO generate?

At current rates, $10,000 in SCHG would generate roughly $3.00 per month ($36.00 annually). The same in VOO would produce about $8.67 per month ($104.00 annually).

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SCHG vs VOO — at a glance

Generated April 2026 from current fund data.

Overview

SCHG and VOO are both large-cap U.S. equity ETFs that track broad market indexes, but they tilt in opposite directions. SCHG focuses on growth stocks within the large-cap universe using the Dow Jones U.S. Large-Cap Growth index, while VOO replicates the entire S&P 500, which includes growth, value, and dividend-paying stocks in a single blend. The difference shows up in their volatility, yield, and dividend behavior.

How they differ

SCHG is a pure growth play—it filters for companies with above-average earnings growth and capital appreciation potential, which explains its 1.16 beta versus VOO's 1.0 beta. That means SCHG swings harder than the market in both directions. The second key difference is yield: VOO distributes 1.09% annually versus SCHG's 0.39%, because the S&P 500 includes established dividend payers (utilities, financials, REITs) while growth indexes are tilted toward lower-yielding tech and high-growth industrials. VOO is also vastly larger—$1.42 trillion in AUM versus SCHG's $48 billion—though both charge minimal fees (0.03% and 0.04%, respectively). Over a 52-week period, VOO ranged from $467 to $646, while SCHG ranged from $23 to $34, showing SCHG's sharper volatility and its relative underperformance in the recent market cycle.

Who each is best for

SCHG: Growth-focused investors with longer time horizons (10+ years) and higher risk tolerance, willing to chase capital appreciation over current income. Suits tax-advantaged accounts where the low yield isn't a drag on portfolio returns.

VOO: Core-portfolio investors seeking broad market exposure with modest dividend income, or those who want to match the S&P 500 regardless of market cycle. Ideal as a foundation holding in taxable accounts, IRAs, and 401(k)s due to its size, low costs, and tax efficiency.

Key risks to know

Style concentration risk: SCHG's growth tilt amplifies losses during value-driven or defensive market rotations. Its higher beta suggests it will decline faster than VOO in downturns.
Growth premium compression: SCHG's outperformance depends on sustained interest-rate conditions and investor appetite for high-growth valuations. Rising rates historically hurt growth more than broad indexes.
Relative underperformance in recent years: SCHG's 52-week low ($22.74) reflects steeper drawdowns than VOO's ($467.33), signaling style headwinds.
Index tracking differences: SCHG tracks a subset of large-cap stocks, so it cannot match the diversification or stability of the S&P 500's 500-member basket.

Bottom line

If you're building a diversified core holding and want steady dividend income with maximum stability, VOO's broad exposure and 1.09% yield make it the clearer choice. If you have conviction in growth and can tolerate higher volatility for capital appreciation potential, SCHG targets a narrower market segment with a trade-off in both yield and downside protection. Neither fund is inherently "better"—it depends on whether you're seeking broad market capture or a concentrated growth bet.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.