SCHD vs SCHG
SCHD and SCHG overlap by 1.2% of their weight, in the 1 company both hold, by the SEC Form N-PORT filings of both for the period ended 2026-05-31.
Schwab US Dividend Equity ETF against Schwab U.S. Large-Cap Growth ETF.
The short answer
These two hold little or nothing in common, which is unusual for two funds drawn from the same US market: 1 shared companies and 1.2% of weight in common, with weekly returns correlating at 0.35 over three years.
The two funds
- Last close, 2026-10-15
- $34.10 +1.16%
- Cost per year
- 0.06%
- Return, 1 year
- 31.8%higher
- Return, 3 years
- 64.7%
- Worst fall, 3 years
- -12.8%shallower
- Volatility
- 12.9%calmer
- Positions
- 99
- Top 10 weight
- 43.6%
- Last close, 2026-10-15
- $35.93 +0.06%
- Cost per year
- 0.04%cheaper
- Return, 1 year
- 13.0%
- Return, 3 years
- 101.6%higher
- Worst fall, 3 years
- -21.9%
- Volatility
- 18.9%
- Positions
- 193
- Top 10 weight
- 57.2%
SCHD and SCHG, prices through 2026-10-16. How the badges are decided.
Holdings overlap
1 companies sit in both funds. That is 5.1% of SCHD's own weight and 1.2% of SCHG's.
Side by side
SCHD from its SEC Form N-PORT for the period ended 31 May 2026, SCHG from its SEC Form N-PORT for the period ended 31 May 2026
What the numbers say
Two screens that are close to mutually exclusive
The intersection between SCHD and SCHG comes to 1 companies, out of 99 and 193 positions, and the weight held in common to 1.2%. For two funds drawn from the same US large-cap universe that is unusual, and it follows from the screens: one selects for dividend quality, the other for growth.
Not one name appears on both top lists
SCHD's largest position that SCHG does not hold is Qualcomm, and SCHG's largest that SCHD does not hold is Nvidia. There is no name in common anywhere near the top of either fund.
A year in which they moved with no relationship at all
The correlation figures show what that means in practice. Over five years their weekly returns correlated at 0.56, over three years at 0.35, and over the past year at -0.07, meaning that for twelve months they have moved with no relationship to each other. Between two large US equity funds, a year of movement that unrelated is rare.
The choice changes what you own
It also cuts both ways. Over the past year SCHD returned 31.8% against 13.0% for SCHG; over three years SCHG returned 101.6% against 64.7%. SCHD fell -12.8% at its worst against -21.9% for SCHG, and carries 12.9% volatility against 18.9%. One fund is income and steadier prices, the other is growth and larger swings, and unlike most fund pairs the two put different companies in an account.
Where they hold the same companies
| Measure | Value |
|---|---|
| Overlap by weight | 1.2% |
| Share of SCHD held in common with SCHG | 5.1% |
| Share of SCHG held in common with SCHD | 1.2% |
| Companies in both | 1 |
| Positions in SCHD / SCHG | 99 / 193 |
SCHD holdings from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-24; SCHG holdings from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-24.
Largest positions held by both
| Rank | Company | In SCHD | In SCHG | Weight in each | Overlap |
|---|---|---|---|---|---|
| 1 | UNH UnitedHealth Group | 5.09% | 1.2% | 1.2% |
Held by only one of them
| In SCHD only | Weight | In SCHG only | Weight |
|---|---|---|---|
| QCOM Qualcomm | 6.74% | NVDA Nvidia | 11.01% |
| TXN Texas Instruments | 5.9% | AAPL Apple | 9.83% |
| KO Coca-Cola | 3.96% | MSFT Microsoft | 7.17% |
| MRK Merck | 3.86% | AMZN Amazon | 5.67% |
| CVX Chevron | 3.83% | GOOGL Alphabet Class A | 4.75% |
| VZ Verizon | 3.65% | AVGO Broadcom | 4.55% |
| PG Procter & Gamble | 3.55% | TSLA Tesla | 3.91% |
| COP ConocoPhillips | 3.51% | GOOG Alphabet Class C | 3.78% |
| AMGN Amgen | 3.47% | META Meta Platforms | 3.45% |
| PEP PepsiCo | 3.44% | LLY Eli Lilly | 3.05% |
Covariance and correlation
Covariance, annualised (%2)
| SCHD | SCHG | |
|---|---|---|
| SCHD | 166 | 85.6 |
| SCHG | 85.6 | 357 |
Percent squared per year, three years of weekly returns
Correlation, 3 years
| SCHD | SCHG | |
|---|---|---|
| SCHD | 1.00 | 0.35barely linked |
| SCHG | 0.35barely linked | 1.00 |
Weekly total returns, what the bands mean
Check it: 85.6 divided by (12.9 × 18.9) is 0.35, the correlation in the second matrix.
One year, side by side
Cost, returns and risk
| Measure | SCHD | SCHG |
|---|---|---|
| Expense ratio | 0.06% | 0.04% |
| Dividend yield | n/a | n/a |
| Total return, 1 year | 31.8% | 13.0% |
| Total return, 3 years cumulative | 64.7% | 101.6% |
| Total return, 5 years cumulative | 56.8% | 87.7% |
| Volatility, annualised on 3 years of weekly returns | 12.9% | 18.9% |
| Worst fall in 3 years, peak to trough, weekly closes | -12.8% | -21.9% |
| Beta against the S&P 500 | 0.51 | 1.26 |
| Positions held | 99 | 193 |
| Weight in the ten largest positions | 43.6% | 57.2% |
| Weight in the single largest position | 6.7% | 11.0% |
| Assets | n/a | n/a |
Prices through 2026-10-16. The positions and the weights of the largest positions are from SCHD's SEC Form N-PORT for the period ended 2026-05-31 and SCHG's SEC Form N-PORT for the period ended 2026-05-31.
Year by year
| Year | SCHD | SCHG |
|---|---|---|
| 2026 | 27.4% | 10.5% |
| 2025 | 4.3% | 17.5% |
| 2024 | 11.7% | 35.0% |
| 2023 | 4.5% | 50.1% |
| 2022 | -3.3% | -31.8% |
Do they move together
| Window | Correlation of weekly returns |
|---|---|
| 1 year | -0.07 |
| 3 years | 0.35 |
| 5 years | 0.56 |
Where to go next
- SCHD, the full page: every holding, and what else it duplicates
- SCHG, the full page
- VOO vs QQQ
- QQQ vs QQQM
- DGRO vs SCHD
- Run the x-ray on your whole portfolio, this pair included
- Check any other pair in the overlap calculator
How these numbers are produced · Ask the same questions from your assistant
Cite this page
TickerInside, SCHD vs SCHG, holdings from SCHD's SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-24, and SCHG's SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-24, https://tickerinside.com/compare/schd-vs-schg/, CC BY 4.0
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