Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SCHG vs USMV: how they differ
SCHG and USMV hold 18% of their weight in the same names, and SCHG returned more over the year.
Schwab U.S. Large-Cap Growth ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SCHG and USMV hold 18% of their money in the same securities at the same weight.
| Holding | SCHG | USMV |
|---|---|---|
| NVIDIA Corp | 11.02% | 1.64% |
| Microsoft Corp | 7.18% | 1.56% |
| Mastercard Inc | 1.41% | 1.15% |
| Visa Inc | 1.92% | 0.94% |
| Apple Inc | 9.84% | 0.82% |
| Eli Lilly & Co | 3.06% | 0.66% |
| Salesforce Inc | 0.62% | 0.88% |
| Advanced Micro Devices Inc | 2.94% | 0.53% |
| Palo Alto Networks Inc | 0.80% | 0.53% |
| Arista Networks Inc | 0.57% | 0.52% |
| Broadcom Inc | 4.55% | 0.50% |
| Palantir Technologies Inc | 1.25% | 0.50% |
| Only in SCHG | Only in USMV |
|---|---|
| Alphabet Inc 4.76% | CISCO SYSTEMS, INC. 1.81% |
| Tesla Inc 3.92% | EXXON MOBIL CORPORATION 1.60% |
| General Electric Co 1.19% | DUKE ENERGY CORPORATION 1.55% |
| KLA Corp 0.88% | THE SOUTHERN COMPANY 1.53% |
| Linde PLC 0.81% | AMPHENOL CORPORATION 1.51% |
| Thermo Fisher Scientific Inc 0.65% | Chubb Limited 1.50% |
| Walt Disney Co/The 0.63% | VERIZON COMMUNICATIONS INC. 1.49% |
| Intuitive Surgical Inc 0.53% | WASTE MANAGEMENT, INC. 1.48% |
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 Apr 30, 2026 and May 31, 2026.
| SCHG Schwab U.S. Large-Cap Growth ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | iShares |
| What it is | U.S. Large-Cap Growth | MSCI USA Min Vol Factor |
| Total return, 1 year | +12.7% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −4.8 pts | −10.9 pts |
| Expense ratio | 0.04% | 0.15% |
| Already in the S&P 500 | 95.4% | 94.8% |
| Holdings | 193 | 170 |
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%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, SCHG or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, SCHG returned +12.7% and USMV returned +6.6%, so SCHG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHG or USMV?
- SCHG charges 0.04% a year and USMV charges 0.15%, so SCHG is cheaper. Fees come from each fund's prospectus.
- How much do SCHG and USMV overlap with the S&P 500?
- By their latest filed holdings, 95% of SCHG and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 18% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SCHG-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources