Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHG vs SPY: how they differ
SCHG and SPY hold 52% of their weight in the same names, and SPY returned more over the year.
Schwab U.S. Large-Cap Growth ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, SCHG and SPY hold 52% of their money in the same securities at the same weight.
| Holding | SCHG | SPY |
|---|---|---|
| NVIDIA Corp | 11.02% | 7.52% |
| Apple Inc | 9.84% | 6.59% |
| Microsoft Corp | 7.18% | 4.30% |
| Amazon.com Inc | 5.68% | 3.62% |
| Alphabet Inc | 4.76% | 3.25% |
| Broadcom Inc | 4.55% | 2.77% |
| Alphabet Inc | 3.78% | 2.59% |
| Meta Platforms Inc | 3.46% | 1.92% |
| Tesla Inc | 3.92% | 1.84% |
| Eli Lilly & Co | 3.06% | 1.47% |
| Advanced Micro Devices Inc | 2.94% | 1.47% |
| Visa Inc | 1.92% | 0.88% |
| Only in SCHG | Only in SPY |
|---|---|
| Linde PLC 0.81% | Micron Technology, Inc. 2.02% |
| Trane Technologies PLC 0.35% | Berkshire Hathaway, Inc. 1.42% |
| Snowflake Inc 0.31% | JPMorgan Chase & Co. 1.36% |
| Cloudflare Inc 0.27% | Intel Corp. 1.02% |
| Rocket Lab Corp 0.24% | Johnson & Johnson 0.95% |
| TE Connectivity PLC 0.22% | Applied Materials, Inc. 0.89% |
| Strategy Inc 0.17% | Exxon Mobil Corp. 0.88% |
| Astera Labs Inc 0.16% | Lam Research Corp. 0.84% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| SCHG Schwab U.S. Large-Cap Growth ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | State Street |
| What it is | U.S. Large-Cap Growth | S&P 500, book from IVV |
| Total return, 1 year | +12.7% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −4.8 pts | 0.0 pts |
| Expense ratio | 0.04% | 0.09% |
| Already in the S&P 500 | 95.4% | 100.0% |
| Holdings | 193 | 504 |
SCHG in plain words
SCHG is an index equity fund tracking the U.S. Large-Cap Growth. Over the year to Sep 11, 2026 it returned +12.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 193 positions, with the top ten at 57.2%.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, SCHG or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, SCHG returned +12.7% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHG or SPY?
- SCHG charges 0.04% a year and SPY charges 0.09%, so SCHG is cheaper. Fees come from each fund's prospectus.
- How much do SCHG and SPY overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHG and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 52% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCHG against SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHG-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources