Dividend comparison
SCHG vs SPYM: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Large-Cap Growth ETF and State Street SPDR Portfolio S&P 500 ETF, side by side. Updated October 21, 2026.
SCHG vs SPYM: key differences
The short answer, from the latest data on this page.
- Fees. SPYM is cheaper at 0.02% a year versus 0.04% for SCHG. On $10,000 that is $2 a year less in fees.
- Income. SPYM pays more income, yielding 1.01% over the last twelve months versus 0.39% for SCHG. That is about $62 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, SCHG returned 85.2% versus 82.0% for SPYM, with dividends reinvested. $10,000 would have grown to $18,525 in SCHG and $18,201 in SPYM.
- 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 SPYM.
- Diversification. SPYM holds 505 positions and SCHG holds 189. The ten largest positions make up 60.9% of SCHG and 38.7% of SPYM.
- Overlap. At least 54% of the two portfolios overlap by weight, across 46 shared holdings.
- Dividend growth. SCHG grew its yearly payout 9.4% a year over the last 4 years, versus 6.8% for SPYM.
- Size. SPYM is the larger fund with $182.9 billion in assets, against $63.7 billion for SCHG.
Bottom line: SCHG fits better if you care most about stronger 5-year returns and faster dividend growth. SPYM fits better if you care most about lower fees, 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 | SPYM State Street SPDR Portfolio S&P 500 ETF |
|---|---|---|
| Dividend yield (TTM) | 0.39% | 1.01% |
| Dividend / share (TTM) | $0.14 | $0.91 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.0371 on Sep 28, 2026 | $0.2391 on Sep 15, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 11, 2026 |
| Dividend growth (CAGR) | 9.4% over 4 yrs | 6.8% over 4 yrs |
| Price | $35.53 | $90.53 |
| Dividend growth streak | 4 years | 5 years |
| Beta | 1.20 | 1.01 |
| Max drawdown (5Y) | -34.6% | -24.5% |
| Market cap | $63.06B | $165.27B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.02% |
| Assets under management | $63.70B | $182.92B |
| Number of holdings | 189 | 505 |
| Top 10 concentration | 60.9% | 38.7% |
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
SPYM
$8.38/mo
$101 /yr at 1.01% yield
Dividend history
Total dividends paid per share in each calendar year. SCHG pays quarterly; SPYM pays quarterly.
| Year | SCHG | SPYM |
|---|---|---|
| 2025 | $0.1168 | $0.9074 |
| 2024 | $0.1163 | $0.8796 |
| 2023 | $0.0903 | $0.8046 |
| 2022 | $0.0817 | $0.7618 |
| 2021 | $0.0817 | $0.6977 |
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 $18,525 in SCHG and $18,201 in SPYM.
| Period | SCHG | SPYM |
|---|---|---|
| 1 month | 0.40% | 0.99% |
| 3 months | 4.16% | 3.90% |
| Year to date | 9.29% | 13.75% |
| 1 year | 10.38% | 15.89% |
| 3 years | 99.05% | 89.27% |
| 5 years | 85.25% | 82.01% |
- SCHG
- SPYM
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
- SPYM
SCHG vs SPYM holdings overlap
At least 54% overlap by weight, with 46 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 | SPYM weight |
|---|---|---|
| NVDANVIDIA | 12.13% | 7.92% |
| AAPLAPPLE | 11.73% | 7.55% |
| MSFTMICROSOFT | 9.19% | 5.97% |
| AMZNAMAZON COM INC | 5.74% | 3.88% |
| GOOGLALPHABET CLASS A | 4.68% | 3.05% |
| GOOGALPHABET CLASS C | 3.75% | 2.44% |
| AVGOBROADCOM INC | 4.00% | 2.40% |
| METAMETA PLATFORMS CLASS A | 4.25% | 2.35% |
| TSLATESLA INC | 2.71% | 1.56% |
| MUMICRON TECHNOLOGY | 2.69% | 1.54% |
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. SPYM fits better if you care most about lower fees, 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 SPYM fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SCHG or SPYM better for dividend income?
It depends on your goals. SCHG currently yields 0.39% Trailing Twelve Months (TTM) while SPYM yields 1.01%. 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 SPYM?
Schwab U.S. Large-Cap Growth ETF (SCHG) is an ETF listed on AMEX. State Street SPDR Portfolio S&P 500 ETF (SPYM) 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 SPYM?
SPYM has the lower expense ratio. SCHG charges 0.04% a year and SPYM charges 0.02%, a difference of $2 a year on a $10,000 investment.
Which has performed better, SCHG or SPYM?
Over the last 5 years, SCHG has the higher total return with dividends reinvested: SCHG returned 85.2% and SPYM returned 82.0%. Past performance does not predict future returns.
Which is riskier, SCHG or SPYM?
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 SPYM as much as 24.5%. Their betas are 1.20 and 1.01.
How much do SCHG and SPYM overlap?
At least 54% of the two portfolios overlap by weight, across 46 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do SCHG and SPYM pay dividends?
Both pay quarterly. The most recent payments were $0.0371 for SCHG and $0.2391 for SPYM.
How much income does $10,000 in SCHG vs SPYM generate?
At current TTM yields, $10,000 in SCHG would generate roughly $3.26 per month ($39 annually). The same amount in SPYM would produce about $8.38 per month ($101 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHG and SPYM?
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 SPYM with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHG and SPYM 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.