Dividend comparison
SCHG vs IWF: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Large-Cap Growth ETF and iShares Russell 1000 Growth ETF, side by side. Updated October 21, 2026.
SCHG vs IWF: key differences
The short answer, from the latest data on this page.
- Fees. SCHG is cheaper at 0.04% a year versus 0.18% for IWF. On $10,000 that is $14 a year less in fees.
- Income. Their trailing yields are almost the same: 0.39% for SCHG and 0.35% for IWF. Both pay quarterly.
- Performance. Over the last 5 years, SCHG returned 85.2% versus 73.9% for IWF, with dividends reinvested. $10,000 would have grown to $18,525 in SCHG and $17,388 in IWF.
- Risk. Their worst declines over the last 5 years were similar: -34.6% for SCHG and -32.7% for IWF from peak to trough.
- Diversification. IWF holds 372 positions and SCHG holds 189. The ten largest positions make up 60.9% of SCHG and 57.8% of IWF.
- Overlap. 73% of the two portfolios overlap by weight, across 59 shared holdings. Owning both adds little diversification.
- Dividend growth. SCHG grew its yearly payout 9.4% a year over the last 4 years, versus 2.9% for IWF.
Bottom line: SCHG fits better if you care most about lower fees, stronger 5-year returns and faster dividend growth. IWF fits better if you care most about broader diversification. With 73% overlap, most investors would hold one or the other rather than both.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SCHG Schwab U.S. Large-Cap Growth ETF | IWF iShares Russell 1000 Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 0.39% | 0.35% |
| Dividend / share (TTM) | $0.14 | $0.43 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.0371 on Sep 28, 2026 | $0.1089 on Sep 18, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 9.4% over 4 yrs | 2.9% over 4 yrs |
| Price | $35.53 | $122.41 |
| Dividend growth streak | 4 years | — |
| Beta | 1.20 | 1.17 |
| Max drawdown (5Y) | -34.6% | -32.7% |
| Market cap | $63.06B | $124.78B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.18% |
| Assets under management | $63.70B | $125.03B |
| Number of holdings | 189 | 372 |
| Top 10 concentration | 60.9% | 57.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SCHG
$3.26/mo
$39 /yr at 0.39% yield
IWF
$2.94/mo
$35 /yr at 0.35% yield
Dividend history
Total dividends paid per share in each calendar year. SCHG pays quarterly; IWF pays quarterly.
| Year | SCHG | IWF |
|---|---|---|
| 2025 | $0.1168 | $0.4239 |
| 2024 | $0.1163 | $0.4596 |
| 2023 | $0.0903 | $0.5067 |
| 2022 | $0.0817 | $0.4873 |
| 2021 | $0.0817 | $0.3781 |
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.
Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,525 in SCHG and $17,388 in IWF.
| Period | SCHG | IWF |
|---|---|---|
| 1 month | 0.40% | -0.68% |
| 3 months | 4.16% | 2.56% |
| Year to date | 9.29% | 3.73% |
| 1 year | 10.38% | 3.98% |
| 3 years | 99.05% | 87.49% |
| 5 years | 85.25% | 73.88% |
- SCHG
- IWF
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.
- SCHG
- IWF
SCHG vs IWF holdings overlap
73% overlap by weight, with 59 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 | SCHG weight | IWF weight |
|---|---|---|
| NVDANVIDIA | 12.13% | 15.20% |
| AAPLAPPLE | 11.73% | 8.06% |
| MSFTMICROSOFT | 9.19% | 5.95% |
| GOOGLALPHABET CLASS A | 4.68% | 6.02% |
| AVGOBROADCOM INC | 4.00% | 4.67% |
| METAMETA PLATFORMS CLASS A | 4.25% | 3.81% |
| GOOGALPHABET CLASS C | 3.75% | 4.86% |
| LLYELI LILLY | 2.73% | 2.97% |
| TSLATESLA INC | 2.71% | 3.23% |
| MUMICRON TECHNOLOGY | 2.69% | 3.06% |
Top 10 holdings
Largest positions by portfolio weight.
SCHG189 holdings total
Quick verdict
SCHG fits better if you care most about lower fees, stronger 5-year returns and faster dividend growth. IWF fits better if you care most about broader diversification. With 73% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SCHG vs IWF fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SCHG or IWF better for dividend income?
It depends on your goals. SCHG currently yields 0.39% Trailing Twelve Months (TTM) while IWF yields 0.35%. 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 SCHG and IWF?
Schwab U.S. Large-Cap Growth ETF (SCHG) is an ETF listed on AMEX. iShares Russell 1000 Growth ETF (IWF) 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 is cheaper, SCHG or IWF?
SCHG has the lower expense ratio. SCHG charges 0.04% a year and IWF charges 0.18%, a difference of $14 a year on a $10,000 investment.
Which has performed better, SCHG or IWF?
Over the last 5 years, SCHG has the higher total return with dividends reinvested: SCHG returned 85.2% and IWF returned 73.9%. Past performance does not predict future returns.
Which is riskier, SCHG or IWF?
Measured by the worst peak-to-trough decline over the last five years, SCHG has been riskier: SCHG fell as much as 34.6% and IWF as much as 32.7%. Their betas are 1.20 and 1.17.
How much do SCHG and IWF overlap?
About 73% of the two portfolios overlap by weight, across 59 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do SCHG and IWF pay dividends?
Both pay quarterly. The most recent payments were $0.0371 for SCHG and $0.1089 for IWF.
How much income does $10,000 in SCHG vs IWF generate?
At current TTM yields, $10,000 in SCHG would generate roughly $3.26 per month ($39 annually). The same amount in IWF would produce about $2.94 per month ($35 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHG and IWF?
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 SCHG vs IWF with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHG and IWF 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.