What is an expense ratio and how do the fees compare between SCHG and VOOG?

An expense ratio is the annual fee charged by a fund to manage your investments, deducted from the fund's assets. It directly impacts net returns. SCHG has an expense ratio of 0.04%, while VOOG charges 0.07%. This means SCHG is cheaper by 0.03 percentage points. Over time, even small differences in fees can compound, affecting the total growth of an investment. Investors should consider these ongoing costs when comparing similar funds.

What does it mean that the tracked index is 'not available' for both funds?

For both SCHG and VOOG, the specific index tracked is listed as 'not available'. This limits transparency regarding the exact methodology and construction rules of the underlying benchmark. Without this information, investors cannot fully verify how stocks are selected or weighted. While the fund names suggest large-cap growth strategies, the lack of index details requires reliance on other data points, such as top holdings and sector exposure, to understand their construction.

What is a large-cap growth ETF category?

Large-cap growth ETFs invest in stocks of established companies with significant market capitalisation that are expected to grow at an above-average rate compared to the overall market. These funds typically hold shares of major technology, healthcare, and consumer discretionary companies. Both SCHG and VOOG fall into this category, meaning they focus on similar types of companies. This strategy often prioritises capital appreciation over income, which is reflected in their relatively low dividend yields.

Which fund is more suitable for income-focused investors?

Neither fund is particularly suited for income-focused investors due to their low dividend yields. VOOG has a dividend yield of 0.43%, while SCHG yields 0.36%. While VOOG is slightly higher, both are considered low and may be insufficient for those seeking significant income generation. These funds are primarily designed for capital appreciation through growth stocks rather than distributing regular, substantial dividends to investors.

Do SCHG and VOOG hold similar top companies?

Yes, there is significant overlap in the top holdings of SCHG and VOOG. Both funds hold NVIDIA (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL/GOOG), Broadcom (AVGO), and Meta (META) in their top ten. However, the weightings differ; for instance, NVDA is 14.85% in VOOG versus 10.67% in SCHG. This indicates that while they target similar large growth companies, their portfolio concentrations vary.

How do the net assets of SCHG and VOOG compare?

Net assets indicate the total market value of the fund's holdings. SCHG has substantial net assets of $65.9 billion, suggesting very high liquidity and trading volume. VOOG has net assets of $27.3 billion, which also ensures robust trading activity. Both funds are large and liquid, meaning investors can likely buy or sell shares without significantly impacting the price, though SCHG is roughly 2.4 times larger than VOOG.

Are there unique holdings in either fund's top ten?

Yes, the last two positions in the top ten differ. SCHG includes Eli Lilly (LLY) at 2.94% and Advanced Micro Devices (AMD) at 2.76%. In contrast, VOOG holds Micron Technology (MU) at 3.00% and Berkshire Hathaway Class B (BRK.B) at 2.57%. These differences suggest slight variations in sector exposure or specific stock selection criteria, even though both funds operate within the large growth category.

How might the inception dates influence performance history?

SCHG was launched on Dec 11, 2009, while VOOG was inceptioned on Sep 7, 2010. SCHG has a slightly longer operational history, providing approximately ten months more market performance data. For beginners, this means SCHG offers a marginally longer track record, although both funds have experienced similar major market cycles since their respective starts, including the post-financial crisis recovery and recent bull markets.

What does the concentration in NVIDIA mean for risk?

Both funds have significant exposure to NVIDIA, which is their largest or second-largest holding. In VOOG, NVDA represents 14.85% of the portfolio, while in SCHG it is 10.67%. High concentration in a single stock increases portfolio volatility. If NVIDIA performs poorly, both funds will be negatively impacted, but VOOG may experience a larger relative drag due to its higher weighting compared to SCHG.

How do the dividend yields reflect the current market environment?

The dividend yields of 0.36% for SCHG and 0.43% for VOOG are relatively low. This is typical for large growth ETFs, which invest in companies that reinvest earnings for expansion rather than distributing them as dividends. A low yield suggests that the market values these companies' future growth potential over current income generation. Investors in these funds rely primarily on share price appreciation for returns.

What is the impact of the missing sector weight data?

The sector weights are listed as 'not available' for both SCHG and VOOG. This prevents investors from seeing the exact breakdown of industries such as technology, healthcare, or consumer discretionary. Without this data, it is harder to assess the diversification benefits or sector-specific risks. Investors must infer sector exposure from the top holdings, which is less precise than official weightings.

Why is liquidity important when choosing between SCHG and VOOG?

Liquidity, indicated by net assets, affects how easily shares can be traded. With $65.9 billion, SCHG is highly liquid, likely resulting in tighter bid-ask spreads. VOOG, with $27.3 billion, is also very liquid and robust. For most retail investors, both funds offer sufficient liquidity for standard trading. However, SCHG's larger size might provide a marginal advantage in execution speed and spread for very large transactions.

SCHG vs VOOG

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

Compare SCHG (Schwab US Large-Cap Growth ETF) and VOOG (Vanguard S&P 500 Growth ETF) on fees, holdings, and dividends. SCHG has a 0.04% expense ratio, while VOOG is 0.07%. Both funds focus on large growth and share several top holdings. Note that specific index details and sector weights are currently not available for these funds. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SCHG

Metric

VOOG

0.04%

Expense Ratio

0.07%

0.36%

Dividend Yield

0.43%

$65.89B

Net Assets

$27.25B

196

Holdings

154

Dec 11, 2009

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Growth

Fund Category

Large Growth

SCHG costs about $3.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHG	VOOG
NVDANVIDIA Corporation	10.67%	14.85%
AAPLApple Inc.	9.94%	6.46%
MSFTMicrosoft Corporation	7.42%	10.46%
AMZNAmazon.com, Inc.	4.93%	3.74%
GOOGLAlphabet Inc.	4.09%	5.52%
AVGOBroadcom Inc.	3.30%	4.87%
GOOGAlphabet Inc.	3.26%	4.40%
METAMeta Platforms, Inc.	3.01%	3.49%

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Investment Analysis

SCHG

Pros

Schwab US Large-Cap Growth ETF has a low expense ratio of 0.04%.
It has substantial net assets of $65.9 billion, indicating high liquidity.
Its top holdings are diversified across major large-cap growth companies.

Considerations

The dividend yield of 0.36% is relatively low for income-focused investors.
The specific index tracked is not available, limiting transparency on methodology.
Sector weights are also not available, obscuring detailed exposure analysis.

VOOG

Pros

Vanguard S&P 500 Growth ETF has a competitive expense ratio of 0.07%.
It offers a slightly higher dividend yield of 0.43% compared to some peers.
Net assets of $27.3 billion ensure robust trading activity and liquidity.

Considerations

The expense ratio of 0.07% is higher than the 0.04% of a cheaper alternative.
The index tracked is not available, which restricts visibility into its construction.
Dividend yield may be insufficient for investors seeking significant income generation.

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About SCHG and VOOG

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.

VOOG (VOOG)

The Vanguard S&P 500 Growth ETF aims to track the performance of large-cap growth stocks listed on the S&P 500 Index. With a low expense ratio of 0.07% and a history dating back to 2010, it offers a cost-effective way for investors to gain exposure to companies expected to grow faster than the average market. This fund holds around 154 stocks, focusing on businesses with strong earnings growth and sales trends. While it provides diversification within the growth sector of the large-cap market, investors should remember that growth stocks can be more volatile than value stocks, and past performance does not guarantee future results. As with any investment, consider your risk tolerance and overall financial strategy.

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SCHG vs VOOG

Fund Snapshot