Dividend comparison
SCHG vs SCHV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Large-Cap Growth ETF and Schwab U.S. Large-Cap Value ETF, side by side. Updated October 21, 2026.
SCHG vs SCHV: key differences
The short answer, from the latest data on this page.
- Fees. Both charge about 0.04% a year, so cost is not what separates them.
- Income. SCHV pays more income, yielding 1.82% over the last twelve months versus 0.39% for SCHG. That is about $143 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, SCHG returned 85.2% versus 61.5% for SCHV, with dividends reinvested. $10,000 would have grown to $18,525 in SCHG and $16,152 in SCHV.
- Risk. SCHG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -34.6%, against -19.8% for SCHV.
- Diversification. SCHV holds 572 positions and SCHG holds 189. The ten largest positions make up 60.9% of SCHG and 22.0% of SCHV.
- Overlap. At least 10% of the two portfolios overlap by weight, across 15 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. SCHG grew its yearly payout 9.4% a year over the last 4 years, versus 6.3% for SCHV.
- Size. SCHG is the larger fund with $63.7 billion in assets, against $15.4 billion for SCHV.
Bottom line: SCHG fits better if you care most about stronger 5-year returns and faster dividend growth. SCHV fits better if you care most about more income today, smaller drawdowns and broader diversification.
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 | SCHV Schwab U.S. Large-Cap Value ETF |
|---|---|---|
| Dividend yield (TTM) | 0.39% | 1.82% |
| Dividend / share (TTM) | $0.14 | $0.63 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.0371 on Sep 28, 2026 | $0.1632 on Sep 28, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 9.4% over 4 yrs | 6.3% over 4 yrs |
| Price | $35.53 | $34.34 |
| Dividend growth streak | 4 years | 4 years |
| Beta | 1.20 | 0.76 |
| Max drawdown (5Y) | -34.6% | -19.8% |
| Market cap | $63.06B | $15.48B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.04% |
| Assets under management | $63.70B | $15.41B |
| Number of holdings | 189 | 572 |
| Top 10 concentration | 60.9% | 22.0% |
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
SCHV
$15.20/mo
$182 /yr at 1.82% yield
Dividend history
Total dividends paid per share in each calendar year. SCHG pays quarterly; SCHV pays quarterly.
| Year | SCHG | SCHV |
|---|---|---|
| 2025 | $0.1168 | $0.5995 |
| 2024 | $0.1163 | $0.5871 |
| 2023 | $0.0903 | $0.5646 |
| 2022 | $0.0817 | $0.5245 |
| 2021 | $0.0817 | $0.4688 |
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 $16,152 in SCHV.
| Period | SCHG | SCHV |
|---|---|---|
| 1 month | 0.40% | 1.42% |
| 3 months | 4.16% | 2.54% |
| Year to date | 9.29% | 17.60% |
| 1 year | 10.38% | 19.99% |
| 3 years | 99.05% | 74.58% |
| 5 years | 85.25% | 61.52% |
- SCHG
- SCHV
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
- SCHV
SCHG vs SCHV holdings overlap
At least 10% overlap by weight, with 15 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
SCHG189 holdings total
Quick verdict
SCHG fits better if you care most about stronger 5-year returns and faster dividend growth. SCHV fits better if you care most about more income today, smaller drawdowns 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 SCHG vs SCHV fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SCHG or SCHV better for dividend income?
It depends on your goals. SCHG currently yields 0.39% Trailing Twelve Months (TTM) while SCHV yields 1.82%. 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 SCHV?
Schwab U.S. Large-Cap Growth ETF (SCHG) is an ETF listed on AMEX. Schwab U.S. Large-Cap Value ETF (SCHV) 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 SCHV?
They cost about the same: SCHG charges 0.04% a year and SCHV charges 0.04%.
Which has performed better, SCHG or SCHV?
Over the last 5 years, SCHG has the higher total return with dividends reinvested: SCHG returned 85.2% and SCHV returned 61.5%. Past performance does not predict future returns.
Which is riskier, SCHG or SCHV?
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 SCHV as much as 19.8%. Their betas are 1.20 and 0.76.
How much do SCHG and SCHV overlap?
At least 10% of the two portfolios overlap by weight, across 15 shared holdings. The largest shared positions are MU, NFLX, CAT. Holding both still adds meaningful diversification.
How often do SCHG and SCHV pay dividends?
Both pay quarterly. The most recent payments were $0.0371 for SCHG and $0.1632 for SCHV.
How much income does $10,000 in SCHG vs SCHV generate?
At current TTM yields, $10,000 in SCHG would generate roughly $3.26 per month ($39 annually). The same amount in SCHV would produce about $15.20 per month ($182 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHG and SCHV?
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 SCHV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHG and SCHV 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.