How do the fees of SCHG and VOO compare?

SCHG has a 0.04% expense ratio and VOO has 0.03%. That works out to about $4 versus $3 a year on a $10,000 investment, a difference of roughly $1. Both funds are among the lowest-cost ETFs available, so fees are unlikely to be the deciding factor between them.

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 higher earnings and sales growth. VOO tracks the S&P 500, which includes about 500 large US companies regardless of style. SCHG holds 196 stocks and VOO holds 516.

How much do SCHG and VOO overlap?

Eight of the top 10 holdings are shared: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG and META. SCHG's list adds LLY and AMD, while VOO's adds MU and TSLA. Weights differ a lot, with NVDA at 10.67% in SCHG versus 8.08% in VOO. Nearly all SCHG holdings are also in the S&P 500.

Which fund pays a higher dividend yield?

VOO pays 1.04% and SCHG pays 0.37%. Growth companies tend to reinvest profits rather than pay dividends, so a growth index naturally yields less. Investors seeking income from an equity fund would typically look at VOO over SCHG, or at a dedicated dividend ETF rather than either of these.

Which fund suits which goal?

SCHG suits investors who want a deliberate tilt toward large US growth companies and accept more concentration in technology. VOO suits investors who want a core holding covering the whole US large-cap market. Many portfolios use VOO as the core and SCHG as a smaller satellite position.

How do size and liquidity compare?

VOO is far larger, with about $1.08 trillion in net assets, compared with roughly $65.89 billion for SCHG. Both trade with tight spreads for retail-size orders. VOO's scale means it is one of the most heavily traded ETFs, which matters most for very large trades or frequent trading.

How concentrated is each fund?

SCHG's top three holdings, NVDA at 10.67%, AAPL at 9.94% and MSFT at 7.42%, make up about 28% of the fund. In VOO the same three names total about 21%. With 196 holdings versus 516, SCHG relies more on its largest positions, so a poor year for mega-cap tech affects SCHG more.

Can I hold both SCHG and VOO?

Yes. Because SCHG's holdings sit almost entirely inside the S&P 500, owning both increases your weight in large growth stocks relative to the market. That is a valid choice if you want a growth tilt while keeping a broad core, but it does not add diversification in the usual sense.

Are there tax or account differences?

Both are US-listed ETFs from large issuers and are treated the same way for most account types. Non-US investors may face withholding tax on US dividends, which matters slightly more for VOO given its higher yield. Local tax rules and account wrappers vary, so check how US-domiciled ETFs are treated where you live.

When was each fund launched?

SCHG launched on December 11, 2009, and VOO launched on September 7, 2010. Both have more than a decade of trading history. Their index providers differ, with Dow Jones behind SCHG and S&P Dow Jones Indices behind the S&P 500, but both are rules-based indexes that rebalance on a fixed schedule.

SCHG vs VOO

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

SCHG tracks the Dow Jones US Large-Cap Growth index with 196 holdings for a 0.04% expense ratio, while VOO tracks the S&P 500 with 516 holdings for 0.03%. SCHG suits investors who want a heavier weight in growth names like NVDA at 10.67%, and VOO suits those who want the full large-cap market and a higher 1.04% yield against 0.37%. Educational content, not financial advice.

SCHG tracks the Dow Jones US Large-Cap Growth index with 196 holdings for a 0.04% expense ratio, while VOO tracks the S&P 500 with 516 holdings for 0.03%. SCHG suits investors who want a heavier weigh...

Fund Snapshot

Key Fund Metrics

SCHG

Metric

VOO

0.04%

Expense Ratio

0.03%

0.37%

Dividend Yield

1.04%

$65.89B

Net Assets

$1.08T

196

Holdings

516

Dec 11, 2009

Inception Date

Sep 7, 2010

Dow Jones US Total Stock Market Large-Cap Growth

Index Tracked

S&P 500

Large Growth

Fund Category

Large Blend

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

Shared Top Holdings

Holding	SCHG	VOO
NVDANVIDIA Corporation	10.67%	8.08%
AAPLApple Inc.	9.94%	7.03%
MSFTMicrosoft Corporation	7.42%	5.70%
AMZNAmazon.com, Inc.	4.93%	3.84%
GOOGLAlphabet Inc.	4.09%	3.01%
AVGOBroadcom Inc.	3.30%	2.65%
GOOGAlphabet Inc.	3.26%	2.40%
METAMeta Platforms, Inc.	3.01%	1.90%

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Investment Analysis

SCHG

Pros

Concentrated growth exposure with NVDA, AAPL and MSFT together above 28% of assets
Very low 0.04% expense ratio, about $4 a year per $10,000 invested
Large fund at about $65.89 billion with 196 holdings from Charles Schwab

Considerations

Low 0.37% dividend yield, well under VOO's 1.04%
Excludes value stocks, so sectors like energy and utilities are underrepresented
Heavier concentration in a few technology names raises single-stock risk

VOO

Pros

Cheapest of the pair at 0.03%, or about $3 a year per $10,000
Roughly $1.08 trillion in assets, giving deep liquidity and tight spreads
Broader 516-stock portfolio that includes both growth and value companies

Considerations

Still top heavy, with NVDA at 8.08% and the top 10 near 40%
Growth-focused investors get less exposure to the fastest-growing names than in SCHG
US-only large caps, so no mid, small or international exposure

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About SCHG and VOO

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.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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SCHG vs VOO

Fund Snapshot