What is the fee difference between SCHG and SCHX?

SCHG charges 0.04% a year and SCHX charges 0.03%. On $10,000 invested that is about $4 a year for SCHG and $3 for SCHX, a difference of about $1. Both are among the cheapest ETFs available, so the decision between them rests on whether you want a growth tilt rather than on cost.

What index does each fund track?

SCHG tracks the Dow Jones US Total Stock Market Large-Cap Growth index, which selects large US companies with growth characteristics such as faster earnings and sales growth. SCHX tracks the Dow Jones US Total Stock Market Large-Cap index, which holds the roughly 750 largest US companies regardless of style. SCHG is a subset of SCHX with a growth filter.

How much do the holdings of SCHG and SCHX overlap?

Eight of the ten largest holdings are the same: NVIDIA, Apple, Microsoft, Amazon, Alphabet (both classes), Broadcom and Meta. The weights differ sharply. NVIDIA is 10.7% of SCHG but 7.7% of SCHX, and Apple is 9.9% versus 7.2%. SCHG's top ten also includes Eli Lilly and AMD, while SCHX includes Micron and Tesla.

Which fund pays more in dividends?

SCHX has a dividend yield of 1.00%, compared with 0.37% for SCHG. Growth companies typically reinvest profits rather than pay them out, and SCHG excludes the value-oriented sectors, such as energy, utilities and financials, that supply much of the market's dividend income. SCHX includes those sectors.

Which fund suits which investment goal?

SCHG suits investors who want a deliberate tilt toward large-cap growth stocks and accept that the top few names carry a large share of the fund. SCHX suits investors who want a single low-cost core holding covering the full US large-cap market, growth and value alike, without making a style bet.

How do SCHG and SCHX compare on size and liquidity?

SCHX is the larger fund with about $73.9 billion in net assets, while SCHG holds about $65.9 billion. Both are large, established Schwab ETFs launched in late 2009, and both trade actively on US exchanges, so retail investors can buy and sell either during market hours without difficulty.

How concentrated is each fund?

SCHG is the more concentrated fund. Its top two holdings, NVIDIA and Apple, together exceed 20% of assets, and it holds 196 stocks in total. SCHX spreads its 750 holdings more evenly, with NVIDIA at 7.7% and Apple at 7.2%. A fall in a few mega-cap technology names would affect SCHG more than SCHX.

Are there tax differences between SCHG and SCHX?

Both are US-listed ETFs, and for non-US investors dividends are generally subject to US withholding tax at a treaty-dependent rate. SCHX pays a higher yield, so more of its return arrives as taxable distributions, while SCHG's return is weighted more toward price change. Tax rules vary by country and account type.

Can I hold both SCHG and SCHX?

Yes, and some investors do so to add a growth tilt on top of a broad core. Bear in mind that SCHG's holdings are already inside SCHX, so owning both mostly increases your weighting to the same mega-cap technology names rather than adding new companies. Decide how much growth tilt you actually want before combining them.

SCHG vs SCHX

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

SCHG tracks the Dow Jones US Total Stock Market Large-Cap Growth index with 196 holdings for 0.04% a year. SCHX tracks the full Dow Jones US Total Stock Market Large-Cap index with 750 holdings for 0.03%, and yields 1.00% versus 0.37% for SCHG. SCHG suits investors who want a growth tilt; SCHX suits those who want the whole large-cap market at the lowest cost. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHG

Metric

SCHX

0.04%

Expense Ratio

0.03%

0.37%

Dividend Yield

1.00%

$65.89B

Net Assets

$73.93B

196

Holdings

750

Dec 11, 2009

Inception Date

Nov 3, 2009

Dow Jones US Total Stock Market Large-Cap Growth

Index Tracked

Dow Jones US Total Stock Market Large-Cap

Large Growth

Fund Category

Large Blend

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

Shared Top Holdings

Holding	SCHG	SCHX
NVDANVIDIA Corporation	10.67%	7.69%
AAPLApple Inc.	9.94%	7.16%
MSFTMicrosoft Corporation	7.42%	5.35%
AMZNAmazon.com, Inc.	4.93%	3.56%
GOOGLAlphabet Inc.	4.09%	2.95%
AVGOBroadcom Inc.	3.30%	2.38%
GOOGAlphabet Inc.	3.26%	2.35%
METAMeta Platforms, Inc.	3.01%	2.17%

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Investment Analysis

SCHG

Pros

Focused growth exposure with NVIDIA at 10.7% and Apple at 9.9% of the fund
Very low expense ratio of 0.04% for a style-specific large-cap fund
196 holdings still spread the growth bet across many companies

Considerations

Top two holdings make up more than 20% of the fund, adding concentration risk
Dividend yield of 0.37% is about one third of the 1.00% paid by SCHX
Excludes value stocks, so it misses sectors such as energy and utilities

SCHX

Pros

Lowest fee of the pair at 0.03%, about $3 a year per $10,000
750 holdings cover growth and value across the whole US large-cap market
Higher yield of 1.00% and a larger asset base of $73.9 billion

Considerations

Less exposure to fast-growing technology names than SCHG's concentrated portfolio
Market-cap weighting still puts NVIDIA, Apple and Microsoft at the top
Excludes small and mid caps, so it is not a total-market fund

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About SCHG and SCHX

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.

SCHX (SCHX)

Schwab US Large‑Cap ETF (SCHX) offers broad exposure to the largest US companies through a single, passively managed fund. It aims to replicate the performance of a large‑cap US equity index, providing diversified access to established names across multiple sectors. SCHX is positioned as a low‑cost core equity holding for investors seeking market‑capitalisation‑weighted large‑cap returns, and it trades on exchanges like a stock. Advantages include simplicity, intraday liquidity and typically lower fees than many active managers. However, like all equity ETFs, its value fluctuates with the market and past performance does not predict future results. SCHX may suit investors looking for long‑term US large‑cap exposure within a diversified portfolio, but it is general information only and not personalised investment advice—suitability depends on individual goals, time horizon and risk tolerance.

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SCHG vs SCHX

Fund Snapshot