PWRD vs SCHG: Differences, Returns & Fees
PWRD and SCHG hold 9% of their weight in the same names, and SCHG returned +10.4% over the year. Net assets: $1.5bn on Jul 31, 2026 for TCW Transform Systems ETF, and $61.1bn on May 31, 2026 for Schwab U.S. Large-Cap Growth ETF.
SCHG costs 0.71 points a year less; their one-year returns differ by 11.6 points.
| PWRD | SCHG | |
|---|---|---|
| Expense ratio | 0.75% | 0.04% |
| Net assets, PWRD as of Jul 31, 2026 and SCHG as of May 31, 2026 | $1.5bn | $61.1bn |
| Total return, 1 year | −1.2% | +10.4% |
| What it tracks | No index, actively managed | Dow Jones U.S. Large-Cap Growth Total Stock Market Index |
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 52.0% | 57.2% |
| Below its high | 20.1%, high on Jun 30, 2026 | 3.8%, high on Oct 6, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
PWRD and SCHG are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PWRD follows No index, actively managed and SCHG follows Dow Jones U.S. Large-Cap Growth Total Stock Market Index.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 PWRD returned −1.2% and SCHG +10.4% with distributions reinvested, a gap of 11.6 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, PWRD and SCHG hold 9% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
9% in common
On the same fields
PWRD and SCHG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PWRD
PWRD is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jul 31, 2026, 57% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 52.0%. It sat 20.1% below its high of Jun 30, 2026 on Oct 20, 2026.
About SCHG
SCHG tracks an index of U.S. Large-Cap Growth. Over the year to Oct 20, 2026 it returned +10.4% with distributions reinvested, against +15.8% for its benchmark, the S&P 500 Index. 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%. It sat 3.8% below its high of Oct 6, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, PWRD or SCHG?
- In the year to Oct 20, 2026, with distributions reinvested, PWRD returned −1.2% and SCHG +10.4%.
- Which is cheaper, PWRD or SCHG?
- SCHG is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, PWRD against SCHG, data as of Oct 20, 2026. https://etfiq.com/compare/any/pwrd-vs-schg
ETFIQ. (Oct 20, 2026). PWRD against SCHG. Retrieved from https://etfiq.com/compare/any/pwrd-vs-schg
[PWRD against SCHG (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/pwrd-vs-schg)
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