At a glance
SCHG charges 0.04% a year, below the 0.09% average of the 8 funds most like it (the cheapest of 9). It has $63.03B in assets, the 2nd largest of that group; it paid 0.41% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +2.2% with distributions reinvested (S&P 500: +11.5%), 7th of those 9 funds; over three years it returned +23.0% a year. At its worst it fell 32.4% in the 2020 crash (S&P 500: 33.7%) and 33.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 3 months and 14 months after the lows. Its ten largest positions make up 51.0% of the fund, out of 192 in all.
The short version
Schwab U.S. Large-Cap Growth ETF (SCHG) is an index fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which holds large US companies classified as growth stocks. Its yearly fee, or expense ratio, of 0.04% ties for the lowest among similar funds, which average 0.09%. The trade-off is concentration: as of August 31, 2026, its 10 largest holdings, led by NVIDIA, Apple and Microsoft, made up 51% of assets.
Price history
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SCHG +2.2% over the year to Nov 2, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SCHG official prospectus, to Dec 31, 2024 | — | +34.92% | — | +19.73% | +16.66% | — |
| SCHG price data to Nov 2, 2026 | +4.5% | +2.2% | +23.0% | +11.5% | +18.5% | +15.6% |
- Over the year to Nov 2, 2026, SCHG returned +2.2%, 7th of 9 among similar funds.
- Its 5-year annualized return was +11.5% and its 10-year +18.5%.
- In the 2020 COVID crash it fell 32.4% and regained its old high 2.6 months after the low.
- Its worst full calendar year was 2022 (-31.8%); its best was 2023 (+50.1%).
- The deepest fall in its price history was 34.6% (Nov 19, 2021 to Jan 5, 2023), recovered by Dec 18, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +4.5% | — |
| 2025 | +17.5% | — |
| 2024 | +35.0% | +34.92% |
| 2023 | +50.1% | +50.12% |
| 2022 | -31.8% | -31.81% |
| 2021 | +28.1% | +28.06% |
| 2020 | +39.1% | +39.13% |
| 2019 | +36.0% | +36.21% |
| 2018 | -1.4% | -1.35% |
| 2017 | +28.1% | +28.04% |
| 2016 | +6.8% | +6.76% |
| 2015 | +3.2% | +3.26% |
| 2014 | +15.8% | — |
| 2013 | +32.6% | — |
| 2012 | +15.5% | — |
| 2011 | -1.6% | — |
| 2010 | +14.1% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 32.4% over that stretch · deepest drop along the way 32.4%, back to its old high 2.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 33.3% over that stretch · deepest drop along the way 33.3%, back to its old high 14 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.1100 | |
| 2025 | $0.1200 | +9.1% |
| 2024 | $0.1100 | +18.9% |
| 2023 | $0.0925 | +19.4% |
| 2022 | $0.0775 | -10.2% |
| 2021 | $0.0863 | +3.0% |
| 2020 | $0.0838 | -13.0% |
| 2019 | $0.0963 | -12.5% |
| 2018 | $0.1101 | +22.3% |
| 2017 | $0.0900 | +24.1% |
| 2016 | $0.0725 | -9.4% |
| 2015 | $0.0800 | +14.3% |
| 2014 | $0.0700 | +821.1% |
| 2013 | $0.0076 | +4.1% |
| 2012 | $0.0073 | +52.1% |
| 2011 | $0.0048 | +45.5% |
| 2010 | $0.0033 |
What's inside
As of Aug 31, 2026, the fund held 192 securities; the ten largest made up 51.05% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 10.67% | |
| Apple Inc | 9.29% | |
| Microsoft Corp | 7.52% | |
| Amazon.com Inc | 5.07% | |
| Alphabet Inc | 3.97% | |
| Broadcom Inc | 3.50% | |
| Alphabet Inc | 3.16% | |
| Eli Lilly & Co | 2.93% | |
| Meta Platforms Inc | 2.51% | |
| Visa Inc | 2.43% | |
| Tesla Inc | 2.37% | |
| Advanced Micro Devices Inc | 2.37% | |
| Mastercard Inc | 1.83% | |
| Palantir Technologies Inc | 1.65% | |
| Costco Wholesale Corp | 1.61% |
By country
United States 97.93%Ireland 1.55%Cayman Islands 0.22%Bermuda 0.18%Netherlands 0.03%By asset type
Stocks 99.91%By sector
Sectors of the companies held, for the 92.4% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $993.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -3.49%, +0.86%, +4.42%.
How it works
SCHG aims to match, before fees, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. The index takes the 750 largest companies in the Dow Jones U.S. Total Stock Market Index, ranked by market capitalization (share price times shares outstanding), and keeps those classified as "growth" based on several factors. As of August 31, 2025, that came to 230 stocks.
Stocks are weighted by market value, so the biggest companies get the largest slices, subject to caps. Each quarter the index trims oversized positions to fit the diversification rules that apply to funds, with checks in the months between. Even so, NVIDIA was 10.7% of assets and technology 45.2% as of August 31, 2026. The fund may become "non-diversified," a legal label meaning bigger stakes in fewer companies, so one company's setback would hit harder.
The fund generally holds each stock at the index's weight, with at least 90% of net assets in index stocks. Up to 10% can go into stocks expected to join the index, other funds, or futures (contracts tied to an index) that keep spare cash invested. It may also lend out shares for a fee. It doesn't use leverage or an options strategy. The December 2025 prospectus reported 27% portfolio turnover, the share of holdings replaced in a year.
What it really costs
- SCHG charges 0.04% a year, versus an average of 0.09% for the similar funds below (1st of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SCHG | $4 | $13 | $23 | $51 |
In a retirement portfolio
It holds only the growth slice of large US stocks, with 45.2% in technology as of August 31, 2026, and its one-year beta of 1.26 as of October 27, 2026, means it has swung harder than the overall market.
SCHG offers large US growth stocks at very low cost: in the SEC's standard example, fees on $10,000 come to $4 over one year and $51 over 10 years. It launched in December 2009, so it has no 2008 crisis record. It fell 32.4% in the 2020 COVID crash but recovered in 2.6 months. In the 2022 bear market it lost 33.3% and took 14 months to recover; 2022 was its worst calendar year, down 31.8%. Its deepest drop, 34.6%, ran from November 19, 2021, to January 5, 2023, and took another 11.4 months to recover. Withdrawals during such a slide mean cashing out shares at low prices, leaving fewer for the rebound.
Income is small: the trailing 12-month yield was 0.39% as of October 27, 2026, paid quarterly. Past results don't predict future ones, and any plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Cost-focused investors who want large US growth stocks for 0.04% a year, tied for the lowest among similar funds, which average 0.09%.
- Long-term investors comfortable with a portfolio led by NVIDIA (10.7%), Apple (9.3%) and Microsoft (7.5%) as of August 31, 2026.
- Investors adding a growth tilt alongside broader funds, with years to wait out drops like the 34.6% slide from November 2021 to January 2023.
Look elsewhere if
- Retirees seeking income: the trailing 12-month yield was just 0.39% as of October 27, 2026, paid quarterly.
- Anyone wanting broad diversification: technology was 45.2% of assets and the top 10 positions 51% as of August 31, 2026.
- People who may need the money within a few years: SCHG lost 33.3% in the 2022 bear market and needed 14 months to recover.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SCHG this fund | — | 0.04% | $63.03B | +2.2% | +23.0% |
| VUG Vanguard Growth ETF | 73% | 0.04% | $379.29B | +3.8% | +25.1% |
| MGK Vanguard Mega Cap Growth ETF | 69% | 0.07% | $33.30B | +2.5% | +23.2% |
| VONG Vanguard Russell 1000 Growth ETF | 66% | 0.07% | $54.28B | -2.3% | +22.4% |
| ILCG iShares Morningstar Growth ETF | 65% | 0.04% | $3.11B | +6.8% | +26.4% |
| GGUS Marketbeta Russell 1000 Growth Equity ETF | 65% | 0.12% | $477.6M | +2.2% | — |
| QGRW WisdomTree U.S. Quality Growth Fund | 64% | 0.28% | $2.65B | +12.3% | +30.1% |
| VOOG Vanguard S&P 500 Growth ETF | 63% | 0.07% | $27.12B | +9.4% | +27.5% |
Questions investors ask
Is SCHG good for retirement?
SCHG can fill a growth role in a retirement portfolio, but it is volatile and pays little income. It charges just 0.04% a year and owns large US growth companies, yet it lost 31.8% in 2022 and 32.4% in the 2020 COVID crash. Its yield was 0.39% as of October 27, 2026. It may suit savers with a long time horizon who hold it alongside steadier assets, rather than retirees relying on it for regular withdrawals.
What's the difference between SCHG and VUG?
Less than you might think. Both charge 0.04% a year, tied for the lowest among similar funds, which average 0.09%, and their holdings overlap by about 73%, based on the funds' latest SEC holdings reports. Returns have been close: as of October 27, 2026, SCHG returned 7.3% over one year and 26.9% a year over three years, versus 7.6% and 27.3% for Vanguard Growth ETF (VUG). Vanguard Russell 1000 Growth ETF (VONG) overlaps slightly more, at 74%, but costs 0.07%.
Does SCHG pay dividends?
Yes, but very little. SCHG pays dividends quarterly, and over the 12 months to October 27, 2026, it paid about $0.14 per share, a yield of 0.39%. The yield is low because growth companies usually reinvest much of their earnings in the business rather than paying them out, as the fund's prospectus notes. For retirees who need regular cash, this fund alone would provide little; its role is mainly growth.
What are SCHG's top holdings?
As of August 31, 2026, SCHG's largest holdings were NVIDIA (10.7%), Apple (9.3%), Microsoft (7.5%), Amazon (5.1%), Alphabet (4.0% and 3.2% in two share classes), Broadcom (3.5%), Eli Lilly (2.9%), Meta Platforms (2.5%) and Visa (2.4%). Those top 10 positions made up 51% of assets, out of 195 in total. By sector, technology was 45.2%, communication services 12.5% and consumer discretionary 10.3%, so a handful of very large companies drive much of the fund's return.
What is SCHG's 10-year average return?
SCHG returned an average of 16.66% a year over the 10 years ended December 31, 2024, according to its prospectus, and 19.73% a year over five years. Based on market prices, it gained 18.8% a year over the 10 years to October 27, 2026, and 12.9% a year over five years. Results have been uneven: from 2015 through 2024, calendar-year returns ranged from a 50.12% gain in 2023 to a 31.81% loss in 2022.