What is the fee difference between SCHD and SCHG?

SCHD charges 0.06% a year and SCHG charges 0.04%. On $10,000 invested that is about $6 for SCHD and $4 for SCHG, a difference of $2 a year. Both are very low-cost funds, so fees are unlikely to be the deciding factor between them. The difference in strategy and yield matters far more.

What indexes do SCHD and SCHG track?

SCHD tracks the Dow Jones U.S. Dividend 100, which selects 100 US stocks with consistent dividend records and quality screens, resulting in 102 holdings. SCHG tracks the Dow Jones US Total Stock Market Large-Cap Growth index, holding 196 large US companies with growth characteristics such as higher earnings and sales growth.

Do SCHD and SCHG overlap in holdings?

Their top ten lists do not overlap at all. SCHD's largest positions are Merck, Abbott Laboratories, Amgen, Coca-Cola and Chevron. SCHG's largest are NVIDIA, Apple, Microsoft, Amazon and Alphabet. This makes the pair genuinely complementary: one leans into mature dividend payers while the other leans into large-cap growth.

How do the dividend yields compare?

SCHD yields 3.12%, one of the higher yields among large US equity ETFs, while SCHG yields 0.37%. On a $10,000 position that is roughly $312 a year from SCHD versus $37 from SCHG before taxes. Growth companies typically reinvest profits rather than pay them out, which explains SCHG's low yield.

Which fund suits which goal?

SCHD suits investors who want regular dividend income and a tilt toward established value-oriented companies. SCHG suits investors focused on capital growth who are comfortable with heavier weights in technology leaders. Some investors pair them so that dividend income and growth exposure sit side by side in one portfolio.

How do SCHD and SCHG compare on size?

SCHD is larger with $112.77 billion in net assets, compared with $65.89 billion for SCHG. Both are among the biggest Schwab ETFs and trade actively on US exchanges, so retail investors should find it straightforward to buy or sell either fund at prices close to net asset value.

How concentrated is each fund?

SCHD spreads its 102 holdings fairly evenly, with the largest position, Merck, at 4.89% and the top ten between about 3.7% and 4.9% each. SCHG is more top-heavy: NVIDIA is 10.67%, Apple 9.94% and Microsoft 7.42%, so its top three alone make up around 28% of the fund.

What about taxes on SCHD versus SCHG?

Dividends from SCHD may create a taxable event each year in a standard brokerage account, depending on your country's rules, while SCHG's low yield means most of its return comes from price changes that are only taxed when you sell. Tax-advantaged accounts can change the picture. Check the rules in your jurisdiction or consult a tax adviser.

Can I hold both SCHD and SCHG?

Yes, and many investors do because the funds barely overlap. SCHD covers dividend-paying value stocks and SCHG covers large-cap growth, so together they approximate a broad large-cap portfolio with a deliberate balance between income and growth. The split you choose depends on how much income you want versus long-term appreciation.

SCHD vs SCHG

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

Schwab US Dividend Equity ETF (SCHD) tracks the Dow Jones U.S. Dividend 100 and yields 3.12% across 102 holdings, while Schwab U.S. Large-Cap Growth ETF (SCHG) holds 196 growth stocks yielding 0.37%. Fees are close at 0.06% versus 0.04%. SCHD suits income-focused investors; SCHG suits those who want exposure to large growth names like NVIDIA and Apple. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHD

Metric

SCHG

0.06%

Expense Ratio

0.04%

3.12%

Dividend Yield

0.37%

$112.77B

Net Assets

$65.89B

102

Holdings

196

Oct 20, 2011

Inception Date

Dec 11, 2009

Dow Jones U.S. Dividend 100

Index Tracked

Dow Jones US Total Stock Market Large-Cap Growth

Large Value

Fund Category

Large Growth

SCHG costs about $2.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

SCHD

Pros

Dividend yield of 3.12%, far above SCHG's 0.37%, for investors seeking income
Larger fund with $112.77 billion in net assets versus $65.89 billion
Screens for quality dividend payers such as Merck, Abbott and Coca-Cola

Considerations

Concentrated portfolio of 102 stocks, with the top ten weighted around 4% each
Expense ratio of 0.06% is slightly above SCHG's 0.04%
No exposure to the largest growth names such as NVIDIA, Apple or Microsoft

SCHG

Pros

Lower expense ratio of 0.04%, or $4 a year per $10,000 invested
Broader portfolio of 196 large-cap growth stocks across several sectors
Top holdings include NVIDIA at 10.67%, Apple at 9.94% and Microsoft at 7.42%

Considerations

Dividend yield of only 0.37%, so it provides little income
Top three holdings make up about 28% of the fund, adding concentration risk
Growth stocks can be more sensitive to changes in interest rates and sentiment

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About SCHD and SCHG

SCHD (SCHD)

SCHD (Schwab US Dividend Equity ETF) is an exchange‑traded fund that aims to provide exposure to high-quality U.S. companies that have a history of paying dividends. Managed by Charles Schwab, the ETF screens for firms with stable earnings, reasonable payout ratios and consistent dividend records, concentrating on large‑cap names across a range of sectors. Investors often use SCHD for income and as a core holding to capture dividend yield with the diversification and liquidity of an ETF. It is designed to be a low‑cost, transparent vehicle, though dividends and share prices can fall and past performance is not a guarantee of future results. Suitable for investors seeking income and long‑term total return, it may not fit those focused solely on capital growth or who require guarantees. As with any investment, consider costs, tax treatment and how it fits your wider portfolio before investing.

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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SCHD vs SCHG

Fund Snapshot