Dividend comparison
FXAIX vs SCHG: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity 500 Index Fund and Schwab U.S. Large-Cap Growth ETF, side by side. Updated October 21, 2026.
FXAIX vs SCHG: key differences
The short answer, from the latest data on this page.
- Income. FXAIX pays more income, yielding 1.04% over the last twelve months versus 0.39% for SCHG. That is about $65 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, SCHG returned 85.2% versus 80.4% for FXAIX, with dividends reinvested. $10,000 would have grown to $18,525 in SCHG and $18,039 in FXAIX.
- Risk. SCHG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -34.6%, against -24.5% for FXAIX.
- Diversification. SCHG holds 189 positions and FXAIX holds 100. The ten largest positions make up 37.8% of FXAIX and 60.9% of SCHG.
- Overlap. At least 52% of the two portfolios overlap by weight, across 45 shared holdings.
- Dividend growth. SCHG grew its yearly payout 9.4% a year over the last 4 years, versus 7.0% for FXAIX.
Bottom line: FXAIX fits better if you care most about more income today and smaller drawdowns. SCHG fits better if you care most about stronger 5-year returns, faster dividend growth and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | FXAIX Fidelity 500 Index Fund | SCHG Schwab U.S. Large-Cap Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 1.04% | 0.39% |
| Dividend / share (TTM) | $2.80 | $0.14 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.7130 on Oct 5, 2026 | $0.0371 on Sep 28, 2026 |
| Ex-dividend date | Oct 2, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 7.0% over 4 yrs | 9.4% over 4 yrs |
| Price | $268.06 | $35.53 |
| Dividend growth streak | 4 years | 4 years |
| Beta | 1.00 | 1.20 |
| Max drawdown (5Y) | -24.5% | -34.6% |
| Market cap | $857.59B | $63.06B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | — | 0.04% |
| Assets under management | — | $63.70B |
| Number of holdings | 100 | 189 |
| Top 10 concentration | 37.8% | 60.9% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
FXAIX
$8.71/mo
$104 /yr at 1.04% yield
SCHG
$3.26/mo
$39 /yr at 0.39% yield
Dividend history
Total dividends paid per share in each calendar year. FXAIX pays quarterly; SCHG pays quarterly.
| Year | FXAIX | SCHG |
|---|---|---|
| 2025 | $2.6480 | $0.1168 |
| 2024 | $2.5430 | $0.1163 |
| 2023 | $2.4010 | $0.0903 |
| 2022 | $2.2560 | $0.0817 |
| 2021 | $2.0190 | $0.0817 |
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,039 in FXAIX and $18,525 in SCHG.
| Period | FXAIX | SCHG |
|---|---|---|
| 1 month | 0.61% | 0.40% |
| 3 months | 3.42% | 4.16% |
| Year to date | 12.76% | 9.29% |
| 1 year | 14.54% | 10.38% |
| 3 years | 87.63% | 99.05% |
| 5 years | 80.39% | 85.25% |
- FXAIX
- SCHG
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- FXAIX
- SCHG
FXAIX vs SCHG holdings overlap
At least 52% overlap by weight, with 45 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | FXAIX weight | SCHG weight |
|---|---|---|
| NVDANVIDIA Corp | 8.08% | 12.13% |
| AAPLApple Inc | 7.03% | 11.73% |
| MSFTMicrosoft Corp | 5.69% | 9.19% |
| AMZNAmazon.com Inc | 3.84% | 5.74% |
| GOOGLAlphabet Inc Class A | 3.01% | 4.68% |
| AVGOBroadcom Inc | 2.65% | 4.00% |
| GOOGAlphabet Inc Class C | 2.40% | 3.75% |
| METAMeta Platforms Inc Class A | 1.90% | 4.25% |
| MUMicron Technology Inc | 1.63% | 2.69% |
| TSLATesla Inc | 1.56% | 2.71% |
Top 10 holdings
Largest positions by portfolio weight.
FXAIX100 holdings total
Quick verdict
FXAIX fits better if you care most about more income today and smaller drawdowns. SCHG fits better if you care most about stronger 5-year returns, faster dividend growth and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how FXAIX vs SCHG fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is FXAIX or SCHG better for dividend income?
It depends on your goals. FXAIX currently yields 1.04% Trailing Twelve Months (TTM) while SCHG yields 0.39%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between FXAIX and SCHG?
Fidelity 500 Index Fund (FXAIX) is an ETF listed on NASDAQ. Schwab U.S. Large-Cap Growth ETF (SCHG) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, FXAIX or SCHG?
Over the last 5 years, SCHG has the higher total return with dividends reinvested: FXAIX returned 80.4% and SCHG returned 85.2%. Past performance does not predict future returns.
Which is riskier, FXAIX or SCHG?
Measured by the worst peak-to-trough decline over the last five years, SCHG has been riskier: FXAIX fell as much as 24.5% and SCHG as much as 34.6%. Their betas are 1.00 and 1.20.
How much do FXAIX and SCHG overlap?
At least 52% of the two portfolios overlap by weight, across 45 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do FXAIX and SCHG pay dividends?
Both pay quarterly. The most recent payments were $0.7130 for FXAIX and $0.0371 for SCHG.
How much income does $10,000 in FXAIX vs SCHG generate?
At current TTM yields, $10,000 in FXAIX would generate roughly $8.71 per month ($104 annually). The same amount in SCHG would produce about $3.26 per month ($39 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FXAIX and SCHG?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare FXAIX vs SCHG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FXAIX and SCHG fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.