ETF Versus

SCHG vs SCHM

Schwab U.S. Large-Cap Growth ETF vs Schwab U.S. Mid-Cap ETF

Last updated: 2026-04-02

SCHG Schwab

Schwab U.S. Large-Cap Growth ETF (SCHG) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.43%. Launched in 2009, the fund has a 17-year track record.

AUM: $46.7B ER: 0.04% Yield: 0.43% Since: Dec 11, 2009
SCHM Schwab

Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund issued by Schwab that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.40%. Launched in 2011, the fund has a 15-year track record.

AUM: $12.6B ER: 0.04% Yield: 1.40% Since: Jan 13, 2011

Quick Verdict

SCHM has edged ahead over the past year (18.8% vs 16.5%). Income investors may prefer SCHM for its higher yield (1.4% vs 0.4%).

Key Metrics

Metric SCHG SCHM
Expense Ratio 0.04% 0.04%
Dividend Yield 0.4% 1.4%
Fund Family Schwab Schwab
Category US Large Cap Growth US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

80 104 128 152 176 200 2021-04 2022-06 2023-09 2024-12 2026-04
SCHG +75.0%
SCHM +23.5%

Performance Comparison

Period SCHG SCHM Difference
1 Month -4.57% -5.47% +0.90%
3 Months -9.51% +2.53% -12.04%
6 Months -8.35% +4.03% -12.38%
YTD -9.51% +2.53% -12.04%
1 Year +16.52% +18.78% -2.26%
3 Years +80.24% +38.25% +41.99%
5 Years +74.98% +23.49% +51.49%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHG Fees SCHM Fees You Save
$10.000 10 years $80 $80 $0
$10.000 20 years $344 $344 $0
$10.000 30 years $1.112 $1.112 $0
$50.000 10 years $399 $399 $0
$50.000 30 years $5.560 $5.560 $0
$100.000 30 years $11.121 $11.121 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHG SCHM
Annualized Volatility 22.3% 19.5%
Max Drawdown -35.0% -27.4%
Sharpe Ratio 0.41 0.08

Dividend Comparison

Metric SCHG SCHM
Annual Dividend (per share) $0.13 $0.44
Dividend Yield 0.43% 1.40%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

SCHG Top Holdings

NameWeight
NVIDIA CorporationNVDA11.56%
Apple Inc.AAPL10.37%
Microsoft CorporationMSFT7.52%
Amazon.com, Inc.AMZN5.53%
Broadcom Inc.AVGO4.05%
Tesla, Inc.TSLA3.81%
Alphabet Inc.GOOG3.63%
Meta Platforms, Inc.META3.37%
Eli Lilly and CompanyLLY2.85%

SCHM Top Holdings

NameWeight
Sandisk CorporationSNDK1.95%
Ciena CorporationCIEN1.21%
Lumentum Holdings Inc.LITE1.07%
Coherent Corp.COHR0.98%
Bloom Energy CorporationBE0.74%
Texas Pacific Land CorporationTPL0.63%
TechnipFMC plcFTI0.62%
Tapestry, Inc.TPR0.60%
Casey's General Stores, Inc.CASY0.57%
FTAI Aviation Ltd.FTAI0.53%

Which One Should You Choose?

Choose SCHM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SCHM if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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