# 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. Canonical page: https://tickerinside.com/compare/schd-vs-schg/ Prices through 2026-10-16. 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. Licence: CC BY 4.0, attribution to TickerInside. ## 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. ## Key figures | Measure | Value | | --- | --- | | Holdings overlap by weight | 1.2% | | Companies held by both | 1 | | Share of SCHD held in common | 5.1% | | Share of SCHG held in common | 1.2% | | Correlation of weekly returns, 3 years | 0.35 | | Cost per year | SCHD 0.06%, SCHG 0.04% | | Return, 3 years | SCHD 64.7%, SCHG 101.6% | | Worst fall, 3 years | SCHD -12.8%, SCHG -21.9% | | Volatility, annualised | SCHD 12.9%, SCHG 18.9% | | Positions | SCHD 99, SCHG 193 | ## Analysis ### 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. ## Largest positions held by both | Ticker | Company | In SCHD | In SCHG | Counted as overlap | | --- | --- | --- | --- | --- | | UNH | UnitedHealth Group | 5.09% | 1.2% | 1.2% | ## Covariance and correlation Covariance is annualised and expressed in percent squared, so the diagonal is each fund's variance. Dividing the off-diagonal by the two volatilities returns the correlation. | | SCHD | SCHG | | --- | --- | --- | | SCHD | 166 | 85.6 | | SCHG | 85.6 | 357 | Correlation over 1, 3 and 5 years: -0.07, 0.35, 0.56. ## Method How every figure is produced: https://tickerinside.com/how-the-numbers-are-produced/ Machine readable version of this comparison: https://tickerinside.com/api/v1/compare/schd-vs-schg.json ## 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 TickerInside (https://tickerinside.com/compare/schd-vs-schg/)