What Is the SCHG ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Schwab U.S. Large-Cap Growth ETF (SCHG) is a core growth holding with concentrated exposure to US large-cap growth stocks. Its strengths are an ultra-low expense ratio and steady dividends. Differences in index, expense ratio, and AUM versus VUG, IWF, IVW, SPYG, and VONG are the key selection criteria.
SubscribeWhat Is the Schwab U.S. Large-Cap Growth ETF?
This is a passive ETF managed by Schwab that tracks the Dow Jones U.S. Large-Cap Growth Index. It holds US large-cap stocks classified as growth-style names, weighted by market capitalization.
It suits long-term investors who want concentrated exposure to US large-cap growth stocks, as well as investors who prefer an asset allocation built entirely on Schwab's ETF lineup.
It is an ETF run with a passive (index-tracking) management approach by Schwab.
How Does the Schwab U.S. Large-Cap Growth ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Dow Jones U.S. Large-Cap Growth Index |
| Management Style | Passive (index-tracking) |
| Style | Growth |
| Dividend Frequency | Quarterly |
| Expense Ratio | 0.04% |
| Issuer | Schwab |
The fund holds US large-cap growth stocks included in the Dow Jones U.S. Large-Cap Growth Index, weighted by market capitalization. Its allocation to big tech, software, and consumer growth names is very high, so it is structurally exposed directly to the growth cycle.
- Tracks the Dow Jones U.S. Large-Cap Growth Index
- An ultra-low-cost growth ETF in the Schwab lineup
- Broad large-cap growth exposure
Schwab U.S. Large-Cap Growth ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $63.3B, and the expense ratio is 0.04% per year.
As shown in the table, VUG is a direct substitute that tracks the CRSP US Large Cap Growth Index at a similar expense ratio. IWF and VONG are variants tracking the Russell 1000 Growth Index, and IVW and SPYG are variants tracking the S&P 500 Growth Index. Holdings differ depending on the tracked index.
Schwab U.S. Large-Cap Growth ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeBecause of its heavy weighting in technology and consumer growth stocks, it has tended to rise more than core ETFs in bull markets, while showing somewhat larger volatility during periods of rising interest rates and tech corrections.
Demand for growth-style exposure is deep, and the fund belongs to the group of mega ETFs that see notable inflows when AI and semiconductor momentum is strong. Money allocated through a unified Schwab lineup also contributes to inflows.
Schwab U.S. Large-Cap Growth ETF Pros and Cons
The main strengths are its ultra-low expense ratio and concentrated exposure to US large-cap growth stocks. The drawbacks to consider in advance are its big tech concentration and style-cycle volatility.
💪 Key Strengths
⚠️ Points to Watch
Schwab U.S. Large-Cap Growth ETF Alternatives and Related Products
As shown in the table, VUG is a direct substitute tracking the CRSP US Large Cap Growth Index, IWF and VONG are variants tracking the Russell 1000 Growth Index, and IVW and SPYG are variants tracking the S&P 500 Growth Index. You can also consider SCHV, the value-style ETF in the same Schwab lineup, SCHB and VTI for broad market exposure, and QQQ for a heavier concentration in big tech.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VUG | Vanguard Morningstar Growth ETF | $85.06 | -3.0% | $227.5B | 0.03% | 0.41% | +2.8% |
 IWF | iShares Russell 1000 Growth ETF | $117.61 | -2.9% | $123.9B | 0.18% | 0.37% | -2.8% |
 IVW | iShares S&P 500 Growth ETF | $134.46 | -2.7% | $76.8B | 0.18% | 0.36% | +8.1% |
 SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | $116.42 | -2.6% | $55.5B | 0.04% | 0.5% | +8.1% |
 VONG | Vanguard Russell 1000 Growth Index ETF | $121.09 | -2.9% | $46.1B | 0.06% | 0.48% | -2.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.33% | $204.64 | -4.2% | $4.93T | 25.9 | 0.38% |
| AAPL | Apple Inc | 0.29% | $344.63 | -1.2% | $5.03T | 39.5 | 0.32% |
| MSFT | Microsoft Corp | 0.22% | $521.91 | -1.6% | $3.88T | 27.3 | 0.74% |
| AMZN | Amazon.com Inc | 0.06% | $240.35 | -1.4% | $2.59T | 19.4 | - |
Schwab U.S. Large-Cap Growth ETF Investor Checkpoints
Here are the points to review before investing in SCHG. Concentrated exposure to US large-cap growth is its strength, but it is advisable to double-check big tech concentration, style-cycle volatility, and currency effects before buying, and to review your position size and diversification strategy at the same time.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the impact of cumulative long-term costs | Among the lowest |
| 📈 Style Exposure | Balance between growth and value weights | Concentrated in growth |
| 📊 Top Holding Concentration | Trend in big tech weighting | Very high |
| 💱 Exchange Rate | Impact on returns converted to won | Unhedged |
Big tech concentration, a reversal of the style cycle, and exchange rate movements are the main drivers of short-term volatility. In periods of rising interest rates or weak growth stocks, drawdowns can be larger than for value-style ETFs, so it is worth reviewing your position size and diversification strategy together.
It is regarded as a standard choice for a long-term US large-cap growth core holding. Variants from other issuers include VUG, IWF, VONG, IVW, and SPYG. SCHV suits those seeking balance with value style, and SCHB and VTI suit those seeking broad market exposure.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of May 22, 2026.
Today's 5 AI picks, all free