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 July 4, 2026

Schwab

ETFs34

Total AUM$574B

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.

See all Schwab ETFs

Vanguard

ETFs115

Total AUM$4484B

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 emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.

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	$34.12 as of July 4, 2026	$684.84 as of July 4, 2026
Distribution yield	0.40%	1.15%
Distribution Safety Score	100	100
Expense ratio	0.04%	0.03%
AUM	$58.4B	$1033B
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	1.19	1.0
Last dividend	$0.0340	$1.9622
Ex-dividend date	06/24/2026	06/26/2026

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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 VOO over the trailing twelve months, posting a 18.35% total return against 21.69%. The picture flips over 10 years, though — SCHG has compounded at 18.68% a year, ahead of VOO at 15.38%. VOO 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.

Symbol	YTD	1Y	3Y	5Y	10Y	Since Sep 2010	Volatility	Sharpe	Sortino	Max drawdown
SCHG	5.11%	18.35%	22.62%	13.75%	18.68%	17.15%	19.4%	0.82	1.17	-23.4%
VOO	9.34%	21.69%	20.30%	13.11%	15.38%	14.91%	14.9%	0.95	1.36	-18.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 2, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2010” measures every fund from September 9, 2010 — 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 VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

VOO offers the higher yield at 1.15% vs 0.40% 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 ($1033B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SCHG would generate roughly $3.33/month, while VOO would produce $9.58/month, at current distribution rates. Both pay quarterly distributions.

SCHG yield0.40%

VOO yield1.15%

Monthly diff on $10K$6.25

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 with a large cap approach. Beta is 1.19 for SCHG and 1.0 for VOO, indicating VOO is less volatile relative to the market.

SCHG beta1.19

VOO beta1.0

Fund details

SCHG is managed by Schwab (launched 12/11/2009) with $58.4B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1033B in assets.

SCHG AUM$58.4B

VOO AUM$1033B

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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 approach, 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 $3.33 per month ($40.00 annually). The same in VOO would produce about $9.58 per month ($115.00 annually).

Which has performed better historically, SCHG or VOO?

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SCHG vs VOO — at a glance

Generated June 2026 from current fund data.

Overview

SCHG and VOO are both low-cost, large-cap equity ETFs tracking different benchmarks: SCHG follows the Dow Jones U.S. Large-Cap Growth Index and tilts toward growth stocks, while VOO tracks the S&P 500 and holds a blend of growth and value names across the 500 largest U.S. companies. The core distinction is strategy—SCHG is growth-focused with higher volatility; VOO is market-cap-weighted and more diversified across market styles.

How they differ

SCHG's growth tilt is the headline difference. Its beta of 1.19 versus VOO's 1.0 means it amplifies market moves—on both upside and downside. That growth bias also explains SCHG's lower yield of 0.42% versus VOO's 1.11%; growth stocks typically pay less and retain earnings for reinvestment, while the S&P 500's broader mix includes dividend-paying industrials and financials. Both charge minimal fees—SCHG at 0.04% and VOO at 0.03%—but VOO's $1033B in assets dwarfs SCHG's $58.4B, giving VOO deeper liquidity and tighter spreads for large trades.

Who each is best for

SCHG: Fits investors with a longer time horizon who believe large-cap growth will outpace the broader market and are comfortable with higher volatility in exchange for potential capital appreciation over decades.

VOO: Designed for investors seeking broad exposure to the U.S. large-cap market without a style bet, prioritizing simplicity, diversification, and slightly higher current income from dividends.

Key risks to know

Growth concentration and style-cycle risk. SCHG's tilted portfolio means it will lag during periods when value stocks outperform, and may significantly underperform if tech and growth sectors face a prolonged downturn—a risk inherent to any growth-only strategy.

Higher beta volatility. SCHG's 1.19 beta means larger drawdowns than the broader market during sell-offs; an investor uncomfortable with 19% more volatility than the S&P 500 should account for that in portfolio construction.

Reinvestment timing on distributions. VOO's higher yield (1.11% vs. 0.42%) provides more frequent cash to reinvest, which can create timing risk if markets fall shortly after distribution; conversely, SCHG's minimal distributions reduce that friction.

AUM and fund-closures risk. While both are large, VOO's $1033B in assets makes it effectively permanent; SCHG's smaller base, though still sizable, carries marginally higher closure or merger risk over a 30+ year horizon, though this remains unlikely.

Bottom line

If you expect growth stocks to deliver superior long-term returns and can tolerate higher volatility, SCHG's concentrated tilt offers that bet with minimal fees. If you prefer owning the entire S&P 500 without a style bias and want higher current income, VOO's broader diversification and 1.0 beta provide that at a nearly identical cost. Past performance in either category does not predict future results.

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