What is the key difference between SCHG and SPHQ?

SCHG is a Large Growth ETF, while SPHQ is a Large Blend Quality ETF. SCHG's top holdings include tech giants like NVDA, while SPHQ's top holdings include financials like V and MA. SCHG charges 0.04%, SPHQ charges 0.15%.

How do the fee structures of SCHG and SPHQ differ?

SCHG has an expense ratio of 0.04%, making it a low-cost option. In comparison, SPHQ's expense ratio is 0.15%. This means that on every $1,000 invested, SCHG costs $0.40 annually, while SPHQ costs $1.50. The difference in expense ratios can impact net returns over time, although the choice depends on individual investment goals.

Why are the indices tracked by SCHG and SPHQ not available?

For SCHG, the index tracked is not available, which limits transparency on its methodology. Similarly, SPHQ's index is also not available, obscuring the precise quality criteria used. This lack of disclosure means investors cannot fully assess the specific factors driving portfolio construction, necessitating reliance on provided data like holdings and expense ratios for evaluation.

How do the top holdings of SCHG and SPHQ compare?

AAPL is the only shared top-10 holding between SCHG and SPHQ. SCHG's portfolio features technology stocks such as NVDA, MSFT, AMZN and GOOGL. SPHQ's top 10 stocks include MA, V and NFLX. The limited overlap suggests distinct portfolio construction methodologies. SCHG is heavily concentrated in the technology sector, while SPHQ has a more balanced distribution.

What does the dividend yield difference between SCHG and SPHQ imply for income?

SPHQ offers a 1.03% dividend yield compared to SCHG's 0.36%. This higher yield makes SPHQ more appealing for income-focused investors. However, the yield difference does not account for capital appreciation potential, which may be higher in SCHG due to its growth-oriented holdings. Investors should weigh income needs against growth prospects when comparing the two ETFs.

How does the size of SCHG and SPHQ affect liquidity?

SCHG has $65.9 billion in net assets, and SPHQ has $18.6 billion, both indicating sufficient liquidity for institutional trading. While both funds are large enough for most investors to enter and exit positions without significant price impact, SCHG's larger asset base might offer slightly better liquidity and potentially tighter bid-ask spreads due to higher trading volumes.

Which type of investing goal is SCHG typically associated with?

SCHG is typically associated with growth-oriented investing. Its portfolio, heavily weighted towards large-cap growth stocks such as NVDA, AAPL and MSFT, aims to capture the upside of market leaders. This makes it suitable for investors seeking capital appreciation over the long term, despite a lower dividend yield of 0.36%. It is less appropriate for income-focused portfolios.

How does SPHQ's sector exposure differ from SCHG's?

SPHQ's sector weights are not available, but its top holdings, including V, MA, COST and LLY, suggest exposure across technology, financials, consumer staples and healthcare. In contrast, SCHG is concentrated in technology and communication services, with less sector diversification. SPHQ may offer broader sector exposure, while SCHG targets high-growth areas.

What is the historical context for SPHQ compared to SCHG?

SPHQ's inception date of Dec 6, 2005, provides a longer operational history than SCHG, which started on Dec 11, 2009. This longer track record means SPHQ has experienced more market cycles, including the 2008 financial crisis and the 2020 pandemic. Investors can evaluate SPHQ's performance over a more extended period, which may help in assessing its resilience and consistency.

What are the implications of not knowing the sector weights for SCHG and SPHQ?

The sector weights for both SCHG and SPHQ are not available, which limits investors' ability to assess portfolio diversification and concentration risks. Without sector weights, it is challenging to determine how these ETFs are positioned across different industries, making it harder to manage sector-specific risks. Investors must rely on top holdings and other available data for their analysis.

How do ETF distributions work, and how do SCHG and SPHQ handle them?

ETF distributions typically come from dividends and interest earned by the underlying holdings. SPHQ, with a 1.03% yield, is more focused on income generation. In comparison, SCHG has a lower yield of 0.36% and may primarily be focused on capital appreciation. The distributions can impact the fund's net asset value (NAV), and the frequency and amount of distributions depend on the fund's policy and performance.

What educational resources can help investors compare SCHG and SPHQ further?

Investors can use fund fact sheets, prospectuses, and financial news for detailed analysis. Yahoo Finance's fund data provides basic information, but additional resources may offer insights into investment strategies, risk factors, and performance. Understanding expense ratios, dividend yields, and portfolio holdings is crucial. This information can assist in making an informed decision based on individual investment objectives.

SCHG vs SPHQ

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

Compare Schwab US Large-Cap Growth ETF and Invesco S&P 500 Quality ETF by looking at fees, holdings and dividends. This page outlines how each fund tracks its respective market, highlighting differences in expense ratios and net assets. Explore the data to understand how these ETFs differ in their approach to investing. Educational content, not financial advice.

Compare Schwab US Large-Cap Growth ETF and Invesco S&P 500 Quality ETF by looking at fees, holdings and dividends. This page outlines how each fund tracks its respective market, highlighting differenc...

Fund Snapshot

Key Fund Metrics

SCHG

Metric

SPHQ

0.04%

Expense Ratio

0.15%

0.36%

Dividend Yield

1.03%

$65.89B

Net Assets

$18.62B

196

Holdings

102

Dec 11, 2009

Inception Date

Dec 6, 2005

–

Index Tracked

–

Large Growth

Fund Category

Large Blend

SCHG costs about $11.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHG	SPHQ
AAPLApple Inc.	9.94%	5.80%

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SCHG vs SCHV

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Investment Analysis

SCHG

Pros

Schwab US Large Cap Growth ETF charges an annual 0.04 per cent expense ratio on 65.9 billion dollars of net assets.
Inception occurred in December 2009, giving the fund a well established operational history.
Concentration in large growth companies, such as NVIDIA, Apple and Microsoft, provides direct exposure to mega capitalisation trend leaders.

Considerations

Only 0.36 per cent dividend yield makes it unattractive for income focused portfolios.
Top holdings are heavily weighted towards technology and communication services, reducing sector diversification relative to a broad market fund.
The index tracked is not available, limiting transparency on the specific methodology guiding portfolio construction.

SPHQ

Pros

Invesco S&P 500 Quality ETF has a higher 1.03 per cent dividend yield, offering more income than pure growth funds.
Fund inception was in December 2005, providing a longer track record than many newer quality strategies.
Net assets stand at 18.6 billion dollars, indicating sufficient size for institutional trading without excessive liquidity concerns.

Considerations

The 0.15 per cent expense ratio is notably higher than the 0.04 per cent charged by the large growth ETF.
Although large blend, the top holdings include Visa, Mastercard and Netflix, with no disclosed sector weights to assess concentration.
The index tracked is not available, obscuring the precise quality criteria used for constituent selection.

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About SCHG and SPHQ

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.

SPHQ (SPHQ)

Invesco S&P 500 Quality ETF (SPHQ) is a passively managed exchange-traded fund that seeks exposure to S&P 500 companies exhibiting quality characteristics such as stronger profitability, stable earnings and lower leverage. It provides investors with a rules-based, diversified way to tilt a large-cap US equity allocation towards firms deemed higher quality within the S&P 500. SPHQ trades like a stock on exchanges, offering intraday liquidity and the convenience of an ETF wrapper, but its share price and NAV can diverge slightly during the trading day. Investors should note this is not an actively managed stockpick — performance follows the underlying index and will rise or fall with market conditions. Consideration should be given to how a quality tilt fits within a broader portfolio, fees, tax treatment and the ETF’s liquidity; past performance does not guarantee future returns and values can go down as well as up.

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Which Baskets Do They Appear In?

Capital Returns: The Shareholder Yield Play

Following Charles Schwab's massive $20 billion stock buyback and dividend increase, this theme focuses on other financially robust companies that are similarly rewarding their investors. The strategy is to invest in firms with strong cash flows and a commitment to returning capital to shareholders.

Published: 25 July 2025

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SCHG vs SPHQ

Fund Snapshot