What are the primary differences between SCHG and SPMO?

SCHG is a Schwab US Large-Cap Growth ETF, focusing on large companies with growth potential. Its expense ratio is 0.04%. SPMO is an Invesco S&P 500 Momentum ETF, targeting companies showing strong momentum. Its expense ratio is 0.13%. SCHG has larger net assets at $65.9 billion compared to SPMO's $28.9 billion. SCHG has a lower dividend yield of 0.36% versus SPMO's 0.72%.

How do ETF categories differ, and what do they signify?

ETF categories, such as Large Growth and Large Blend, describe the type of companies the fund invests in. Large Growth, like SCHG, focuses on companies expected to grow revenue and earnings faster than the market. Large Blend, like SPMO, mixes both growth and value characteristics, potentially aiming at momentum leaders. These categories help investors understand a fund’s strategic focus.

What role do top holdings play in ETF comparison?

Top holdings indicate significant investments within the ETF, revealing the companies that contribute the most to the fund’s performance. For instance, SCHG holds NVDA at 10.67% and AAPL at 9.94%, while SPMO holds MU at 11.09% and NVDA at 9.02%. Shared holdings like NVDA, GOOGL, and AVGO suggest overlapping exposures to specific companies.

How do expense ratios affect long-term investment outcomes?

Expense ratios represent annual management fees. SCHG charges 0.04%, while SPMO charges 0.13%. Over time, these differences can compound, impacting net returns. For example, on a $10,000 investment, a 0.09% difference equates to $9 annually. Lower fees like SCHG's can benefit long-term growth, but they're just one factor among many to consider.

How do the dividend yields of SCHG and SPMO compare?

SCHG offers a dividend yield of 0.36%, which is relatively modest and limits regular income potential. SPMO provides a higher yield of 0.72%. Dividend yields are influenced by the companies' policies and earnings. Higher yields may be attractive for income-focused investors, though total returns encompass both dividends and price appreciation.

What does a shared holding mean for an investor?

Shared holdings, like NVDA, GOOGL, AVGO, GOOG, and AMD, indicate that both ETFs invest in these companies. This overlap suggests a concentration in tech leaders. Investors should assess how much these holdings influence overall performance and sector exposure. It’s important to diversify appropriately if the top holdings seem similar, as they can heavily sway returns.

What does a high single-stock concentration mean for SCHG?

SCHG's top holding, NVDA, comprises 10.67%, creating significant single-stock concentration. This means its performance is heavily influenced by NVDA. High concentration can lead to increased volatility and risk if that particular company underperforms. Investors should be aware of such dependencies and consider how they fit within their broader portfolio strategy.

How do the track records of SCHG and SPMO compare?

SCHG has an inception date of December 11, 2009, indicating a longer operational history. SPMO started on October 9, 2015, giving it a shorter track record. A longer history can provide more data for performance analysis but does not guarantee future results. Newer funds like SPMO may reflect recent market conditions and strategies.

What does 'index tracked not available' imply?

When index tracked details are 'not available', the ETF's specific benchmark is unspecified. This means direct comparison of tracking methodologies is limited. Investors often examine top holdings, expense ratios, and fund categories to infer potential strategies. The lack of index information requires a deeper dive into fund performance and composition to understand each ETF's objectives.

What are the sector implications for SPMO and SCHG?

Without specific sector weights available, assessing sector implications relies on top holdings and categories. SCHG’s large growth focus and SPMO’s large blend indicate tech-heavy and momentum strategies. Shared holdings like NVDA and GOOGL suggest significant tech exposure. Investors should note that concentration in certain sectors could affect performance in tech-driven market conditions.

What should beginners consider when choosing between SCHG and SPMO?

Beginners should evaluate expense ratios, dividend yields, net assets, and top holdings. SCHG's lower expense ratio and larger asset base may appeal to cost-conscious growth investors. SPMO's higher dividend yield could attract those seeking income. However, understanding strategy alignment with personal investment goals is critical, alongside considering long-term performance and market conditions.

Is it possible to hold both SCHG and SPMO in a portfolio?

Yes, investors can hold both SCHG and SPMO to potentially benefit from a blend of growth and momentum strategies. Overlapping holdings mean diversification might be limited, but these ETFs cater to different investor objectives. Balancing allocations and understanding fund-specific characteristics helps create a more tailored approach to meet diversified investment goals.

SCHG vs SPMO

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

Compare the Schwab US Large-Cap Growth ETF and Invesco S&P 500 Momentum ETF. This page examines how each fund tracks the market, reviews expense ratios and dividend yields, and highlights shared holdings such as NVDA, GOOGL and AMD to distinguish large growth from momentum strategies. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHG

Metric

SPMO

0.04%

Expense Ratio

0.13%

0.36%

Dividend Yield

0.72%

$65.89B

Net Assets

$28.85B

196

Holdings

102

Dec 11, 2009

Inception Date

Oct 9, 2015

–

Index Tracked

–

Large Growth

Fund Category

Large Blend

SCHG costs about $9.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHG	SPMO
NVDANVIDIA Corporation	10.67%	9.02%
GOOGLAlphabet Inc.	4.09%	4.51%
AVGOBroadcom Inc.	3.30%	6.05%
GOOGAlphabet Inc.	3.26%	3.57%
AMDAdvanced Micro Devices, Inc.	2.76%	4.49%

Discover More Comparisons

SCHG vs VOO

Compare SCHG and VOO: 0.04% vs 0.03% expense ratio, large-cap growth vs the S&P 500, 196 vs 516 holdings, and a 0.37% vs 1.04% dividend yield.

SCHG vs SCHX

SCHG vs SCHX compared: large-cap growth at 0.04% or the full large-cap market at 0.03%. See fees, holdings overlap, yields and fund size side by side.

SCHG vs VUG

Compare SCHG and VUG, examining 0.04% and 0.03% fees, $65.9bn and $232.1bn assets, 0.36% and 0.37% yields, NVDA AAPL holdings, and tracking.

Investment Analysis

SCHG

Pros

Schwab US Large-Cap Growth ETF charges a low 0.04% expense ratio.
Net assets stand at $65.9 billion, indicating substantial scale.
Inception date of 11 December 2009 demonstrates a long operational track record.

Considerations

Top holding NVDA comprises 10.67%, creating significant single-stock concentration.
Dividend yield is only 0.36%, limiting regular income potential.
Index tracked information is not available for verification.

SPMO

Pros

Invesco S&P 500 Momentum ETF has a substantial $28.9 billion in net assets.
Dividend yield of 0.72% is higher than many equity counterparts.
Top holding MU represents 11.09%, showing potential exposure to specific momentum leaders.

Considerations

The 0.13% expense ratio is higher than the 0.04% charged by the growth ETF.
Inception date of 9 October 2015 gives it a shorter history than its peer.
Index tracked details are not available.

Related Market Insights

Capital Returns: The Shareholder Yield Play

Explore Capital Returns, a Neme focused on companies rewarding shareholders via buybacks & dividends. Invest in robust firms like Schwab with Nemo's thematic baskets.

Aimee Silverwood | Financial Analyst

25 July 2025

Read Insight

Related Market Insights

Capital Returns: The Shareholder Yield Play

Explore Capital Returns, a Neme focused on companies rewarding shareholders via buybacks & dividends. Invest in robust firms like Schwab with Nemo's thematic baskets.

Aimee Silverwood | Financial Analyst

25 July 2025

Read Insight

About SCHG and SPMO

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.

SPMO (SPMO)

The Invesco S&P 500 Momentum ETF offers investors exposure to companies within the S&P 500 index that have demonstrated stronger price performance compared to the broader market in recent times. By focusing on stocks with positive momentum trends, the fund aims to capture opportunities in sectors or companies currently experiencing growth or renewed interest. It holds approximately 102 companies, reflecting a diversified approach within the large-cap category. With a low expense ratio of 0.13%, it provides a cost-effective way to gain this specific type of market exposure. Investors should note that while momentum strategies can perform well during trending markets, they may underperform during market reversals or periods of volatility. Values can rise and fall, and past performance is not a guarantee of future results. This ETF is suitable for those interested in understanding systematic investment approaches, keeping risk tolerance in mind.

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

Explore Basket

Which Baskets Do They Appear In?

Capital Returns: The Shareholder Yield Play

Published: 25 July 2025

Explore Basket

Buy SCHG or SPMO in Nemo

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

SCHG vs SPMO

Fund Snapshot