ETF Versus

SCHG vs VONG

Schwab U.S. Large-Cap Growth ETF vs Vanguard Russell 1000 Growth Index Fund ETF Shares

Last updated: 2026-04-10

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 0.41%. Launched in 2009, the fund has a 17-year track record.

AUM: $50.6B ER: 0.04% Yield: 0.41% Since: Dec 11, 2009
VONG Vanguard

Vanguard Russell 1000 Growth Index Fund ETF Shares (VONG) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.06%. The fund offers a modest dividend yield of 0.48%. Launched in 2010, the fund has a 16-year track record.

AUM: $39.1B ER: 0.06% Yield: 0.48% Since: Sep 20, 2010

Quick Verdict

SCHG has a slightly lower expense ratio (0.04% vs 0.06%), saving about $40 per $10,000 over 10 years. VONG has edged ahead over the past year (29.8% vs 27.6%).

Key Metrics

Metric SCHG VONG
Expense Ratio 0.04% 0.06%
Dividend Yield 0.4% 0.5%
Fund Family Schwab Vanguard
Category US Large Cap Growth US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 99 123 147 171 195 2021-04 2022-07 2023-10 2025-01 2026-04
SCHG +76.7%
VONG +74.0%

Performance Comparison

Period SCHG VONG Difference
1 Month -0.96% -1.12% +0.16%
3 Months -7.31% -6.47% -0.84%
6 Months -4.79% -4.74% -0.05%
YTD -6.14% -5.41% -0.73%
1 Year +27.58% +29.84% -2.26%
3 Years +89.00% +84.47% +4.53%
5 Years +76.66% +74.03% +2.63%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHG Fees VONG Fees You Save
$10,000 10 years $80 $120 $40
$10,000 20 years $344 $515 $171
$10,000 30 years $1,112 $1,664 $552
$50,000 10 years $399 $598 $199
$50,000 30 years $5,560 $8,318 $2,758
$100,000 30 years $11,121 $16,637 $5,516

Risk Metrics

Based on 5 years of daily returns

Metric SCHG VONG
Annualized Volatility 22.3% 21.4%
Max Drawdown -35.0% -33.2%
Sharpe Ratio 0.42 0.42

Dividend Comparison

Metric SCHG VONG
Annual Dividend (per share) $0.13 $0.56
Dividend Yield 0.41% 0.48%
Distribution Frequency Quarterly Quarterly

Top Holdings

9 of top 9 holdings overlap (100% overlap in top holdings)

SCHG Top Holdings

NameWeight
NVIDIA CorporationNVDA11.69%
Apple Inc.AAPL10.04%
Microsoft CorporationMSFT7.34%
Amazon.com, Inc.AMZN5.71%
Broadcom Inc.AVGO4.39%
Alphabet Inc.GOOG3.89%
Meta Platforms, Inc.META3.65%
Tesla, Inc.TSLA3.36%
Eli Lilly and CompanyLLY2.87%

VONG Top Holdings

NameWeight
NVIDIA CorporationNVDA12.18%
Apple Inc.AAPL11.35%
Microsoft CorporationMSFT8.64%
Broadcom Inc.AVGO4.59%
Amazon.com, Inc.AMZN4.33%
Meta Platforms, Inc.META3.76%
Tesla, Inc.TSLA3.58%
Eli Lilly and CompanyLLY2.94%
Alphabet Inc.GOOG2.92%

Which One Should You Choose?

Choose SCHG if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose VONG if...

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

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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