How do the fees of SCHB and SCHG compare?

SCHB charges 0.03% and SCHG charges 0.04%. On a $10,000 investment that is about $3 versus $4 a year, a difference of roughly $1. Both are Schwab funds at the very low end of ETF pricing, so cost is not a meaningful separator between them.

What index does each fund track?

SCHB tracks the Dow Jones US Broad Stock Market index, which aims to cover nearly the whole investable US equity market and holds about 2,380 stocks. SCHG tracks the Dow Jones US Total Stock Market Large-Cap Growth index, which keeps only large companies with growth characteristics and holds 196 stocks.

How much do SCHB and SCHG overlap?

Eight of the top 10 are shared: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG and META. SCHB's top 10 also includes MU and TSLA, while SCHG's includes LLY and AMD. Weights differ, with NVDA at 7.21% in SCHB and 10.67% in SCHG. Every SCHG holding is also inside the broad market SCHB tracks.

Which fund pays a higher dividend yield?

SCHB yields 1.01% and SCHG yields 0.37%. The broad market fund includes value stocks, utilities, banks and energy companies that pay regular dividends, while the growth index screens many of them out. Neither fund is aimed at income investors.

Which fund suits which goal?

SCHB suits investors who want a single low-cost fund for the whole US stock market, including mid and small caps. SCHG suits investors who want to overweight large US growth companies and accept more concentration. A common approach is SCHB as the core with SCHG as a smaller growth tilt.

How do size and liquidity compare?

SCHG is larger at about $65.89 billion in net assets, compared with roughly $44.42 billion for SCHB. Both are large, well-traded Schwab ETFs with tight spreads for retail orders. Size differences at this scale rarely matter for individual investors.

How concentrated is each fund?

SCHG's top three holdings, NVDA, AAPL and MSFT, total about 28% of the fund. In SCHB the same three names total about 19%, and the remaining assets are spread across thousands of smaller companies. SCHG's 196 holdings versus SCHB's 2,380 make it far more dependent on its largest positions.

Can I hold both SCHB and SCHG?

Yes. Because SCHG's stocks are already inside SCHB, holding both increases your weight in large growth companies relative to the market. That is a deliberate tilt rather than added diversification. Investors who want the market weight alone can hold SCHB by itself.

Are there tax or account differences?

Both are US-listed Schwab ETFs and are treated the same way in most account types. Non-US investors may face withholding tax on dividends, and SCHB's higher 1.01% yield means slightly more of that. Check how US-domiciled ETFs are taxed in your country and account wrapper.

When was each fund launched?

SCHB launched on November 3, 2009, and SCHG launched on December 11, 2009, so both have traded for more than 15 years. They come from the same issuer and follow indexes from the same provider, Dow Jones, which makes their methodologies easy to compare side by side.

SCHB vs SCHG

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

SCHB tracks the Dow Jones US Broad Stock Market with about 2,380 holdings for a 0.03% expense ratio, while SCHG tracks the Dow Jones US Large-Cap Growth index with 196 holdings for 0.04%. SCHB suits investors who want the entire US market including small caps, and SCHG suits those who want a concentrated growth tilt, at a 0.37% yield against 1.01%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHB

Metric

SCHG

0.03%

Expense Ratio

0.04%

1.01%

Dividend Yield

0.37%

$44.42B

Net Assets

$65.89B

2,380

Holdings

196

Nov 3, 2009

Inception Date

Dec 11, 2009

Dow Jones US Broad Stock Market

Index Tracked

Dow Jones US Total Stock Market Large-Cap Growth

Large Blend

Fund Category

Large Growth

SCHB costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHB	SCHG
NVDANVIDIA Corporation	7.21%	10.67%
AAPLApple Inc.	6.72%	9.94%
MSFTMicrosoft Corporation	5.02%	7.42%
AMZNAmazon.com, Inc.	3.34%	4.93%
GOOGLAlphabet Inc.	2.76%	4.09%
AVGOBroadcom Inc.	2.23%	3.30%
GOOGAlphabet Inc.	2.20%	3.26%
METAMeta Platforms, Inc.	2.03%	3.01%

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Investment Analysis

SCHB

Pros

Covers about 2,380 US stocks from mega caps down to small caps
Lowest fee of the pair at 0.03%, about $3 a year per $10,000
Higher dividend yield at 1.01% versus 0.37% for SCHG

Considerations

Smaller fund at about $44.42 billion compared with SCHG's $65.89 billion
Includes value and small-cap stocks that dilute exposure to fast growers
Still dominated by mega caps, with NVDA and AAPL near 14% together

SCHG

Pros

Concentrated exposure to large growth names, with NVDA at 10.67% and AAPL at 9.94%
Larger fund at about $65.89 billion in net assets
Includes LLY and AMD in its top 10, which SCHB's top 10 does not

Considerations

Higher 0.04% fee than SCHB, though only about $1 more per $10,000
Low 0.37% dividend yield, as growth companies reinvest rather than pay out
Only 196 holdings, so returns depend heavily on a handful of technology stocks

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About SCHB and SCHG

SCHB (SCHB)

SCHB (Schwab U.S. Broad Market ETF) offers investors broad exposure to the US equity market by tracking a wide-capitalisation index of US-listed companies. It is structured as an exchange-traded fund from Charles Schwab and aims to capture the performance of the overall US stock market rather than just large-cap names. Investors should know it provides diversified single-ticket access to many sectors, can be used as a core equity holding, and typically has the trading flexibility of an ETF. As with all equity investments, values can rise and fall and past performance is no guarantee of future returns. This information is educational and not personal investment advice; check the fund’s prospectus and current factsheets for up-to-date details on holdings, fees, distributions and risks before making decisions.

SCHG (SCHG)

SCHG (Schwab US Large‑Cap Growth ETF) is an exchange‑traded fund that offers investors low‑cost exposure to US large‑capitalisation companies exhibiting growth characteristics. It tracks a large‑cap growth index and typically holds companies with higher expected earnings growth, often leading to heavier weights in technology and other growth‑oriented sectors. As an ETF, SCHG provides intraday liquidity, diversification across dozens to hundreds of stocks and a transparent holdings profile. Costs are generally lower than many active funds, but investors should note that growth‑style funds can be more volatile than broad‑market or value strategies and that past performance is not a guide to future returns. SCHG can serve as a growth sleeve within a broader portfolio but may not suit investors seeking high income or very low volatility. This information is educational and not personalised advice; consider your risk tolerance, investment horizon and the role of style and geographic diversification before investing.

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SCHB vs SCHG

Fund Snapshot