What are the expense ratios of SCHG and SPYG?

Both SCHG and SPYG have an expense ratio of 0.04%. This represents the annual fee charged to investors for managing the fund. For every £100 invested, you pay 4 pence in fees. Since the fees are identical, cost is not a differentiating factor between these two ETFs for investors.

How do inception dates affect understanding of these funds?

SPYG has a significantly longer track record, launching on September 25, 2000, while SCHG started on December 11, 2009. Longer histories offer more data for assessing performance across market cycles, whereas SCHG's inception means its historical data is limited to the last 15+ years.

How does the dividend yield difference impact long-term investing?

SPYG has a dividend yield of 0.47% compared to SCHG's 0.36%. This means SPYG distributes slightly more income relative to its share price. Reinvesting these dividends accelerates compounding, though yields vary over time and should not be the sole basis for investment decisions regarding these ETFs.

What are the shared top holdings between SCHG and SPYG?

Both ETFs share eight top-ten holdings: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG, and META. This overlap confirms that both funds provide substantial exposure to large-cap growth tech leaders. Investors seeking diversified exposure to these names might consider either SCHG or SPYG as viable options.

How does net asset value influence trading liquidity?

SCHG has $65.9 billion in net assets, slightly higher than SPYG's $55 billion. Greater assets typically translate to tighter bid-ask spreads and better liquidity, allowing large orders to execute with less price impact.

What is the current status of the underlying indexes?

For both SCHG and SPYG, the specific indexes tracked are currently listed as not available. Without index details, investors cannot fully assess the methodology behind stock selection, weighting, or rebalancing rules. Therefore, evaluating both ETFs relies solely on available data like holdings and yields.

Are there concentration risks in SCHG and SPYG?

Yes, both funds have top ten holdings concentrated in technology companies. This creates sector-specific vulnerability if tech declines. However, they also include stocks like AMZN and META, offering some diversification within the broad large-cap growth universe.

What does 'large-cap growth' mean for these ETFs?

Large-cap growth refers to shares in major companies that grow faster than the market average.

What are the top holdings in SCHG?

The top five holdings in SCHG are NVDA (10.67%), AAPL (9.94%), MSFT (7.42%), AMZN (4.93%), and GOOGL (4.09%). These stocks make up a significant portion of the fund's total assets, indicating a strong reliance on technology and consumer discretionary sectors.

What are the top holdings in SPYG?

The top five holdings in SPYG are NVDA (14.78%), MSFT (10.07%), AAPL (6.74%), GOOGL (5.64%), and AVGO (4.67%). This distribution highlights SPYG's heavier weighting in semiconductor stocks like NVDA and AVGO compared to SCHG.

SCHG vs SPYG

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

Compare SCHG and SPYG to review fees, holdings, dividends, and tracking. Both target US large-cap growth with identical 0.04% expense ratios but differ in scale, yields, and top holdings. This page helps you evaluate these similarities and differences. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHG

Metric

SPYG

0.04%

Expense Ratio

0.04%

0.36%

Dividend Yield

0.47%

$65.89B

Net Assets

$55.00B

196

Holdings

153

Dec 11, 2009

Inception Date

Sep 25, 2000

–

Index Tracked

–

Large Growth

Fund Category

Large Growth

Both funds charge the same annual fee.

Shared Top Holdings

Holding	SCHG	SPYG
NVDANVIDIA Corporation	10.67%	14.78%
AAPLApple Inc.	9.94%	6.74%
MSFTMicrosoft Corporation	7.42%	10.07%
AMZNAmazon.com, Inc.	4.93%	3.63%
GOOGLAlphabet Inc.	4.09%	5.64%
AVGOBroadcom Inc.	3.30%	4.67%
GOOGAlphabet Inc.	3.26%	4.50%
METAMeta Platforms, Inc.	3.01%	4.03%

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Investment Analysis

SCHG

Pros

net assets stand at six billion, providing ample liquidity for institutional and retail trading.
inception in twenty-ninth ensures a long operational track record and established index methodology.
a low dividend yield of zero point three six percent suits investors seeking capital growth.

Considerations

high concentration in top holdings increases vulnerability to sector-specific downturns.
the specific index tracked is not available, obscuring the underlying methodology.
lack of sector weight data prevents comprehensive diversification analysis.

SPYG

Pros

net assets of five billion support robust liquidity and efficient order execution.
inception in twentieth offers extensive historical data and stability.
a dividend yield of zero point four seven percent provides slightly more income.

Considerations

significant weighting in a few stocks creates concentration risk.
the absence of index tracking information limits transparency.
missing sector weight data hinders thorough risk assessment.

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About SCHG and SPYG

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.

SPYG (SPYG)

The SPDR Portfolio S&P 500 Growth ETF offers investors a streamlined way to access large-cap companies within the S&P 500 index that exhibit growth characteristics. With an exceptionally low expense ratio of just 0.04%, this fund prioritises cost efficiency, making it an attractive option for long-term investors seeking broad exposure to growth-oriented sectors. Holding 153 stocks, it provides diversification across key growth leaders while maintaining a manageable portfolio size. Although its dividend yield of 0.47% is modest compared to income-focused funds, the primary aim here is capital appreciation driven by companies expected to outpace average market growth. As with any equity investment, values can rise and fall, and returns are not guaranteed. Investors should consider their own risk tolerance and investment objectives before allocating funds to this ETF, ensuring it aligns with their overall portfolio strategy.

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SCHG vs SPYG

Fund Snapshot