Data as of Oct 28, 2026.
SCHG vs SHLD: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHG returned +6.8% to SHLD's −6.5%, and SCHG charges 0.04% to SHLD's 0.50%.
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Net assets: $63.0bn on Aug 31, 2026 for Schwab U.S. Large-Cap Growth ETF, and $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.
Pair scorecard
SCHG costs 0.46 points a year less; their one-year returns differ by 13.3 points.
| Measure | SCHG | SHLD |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.8% | −6.5% |
| Drawdown | ||
| Below its high | 3.5%, high on Oct 6, 2026 | |
| Below its all-time high | 18.6%, high on Mar 9, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Large-Cap Growth Total Stock Market Index | Defense |
| Cost and size | ||
| Expense ratio | 0.04% | 0.50% |
| Net assets, SCHG as of Aug 31, 2026 and SHLD as of Oct 12, 2026 | $63.0bn | $6.3bn |
| Active share vs the S&P 500 | 99% | |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 51.0% | 59% |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Sep 22, 2023 to Oct 23, 2026 · 161 weekly returnsSHLD returned more: +161.2% to +94.0%. SCHG swung less: 18.8% to 24.0%. SCHG fell less at its worst: −21.9% to −25.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHG | SHLD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +94.0% | +161.2% | SHLD | Price change plus distributions, reinvested. |
| Annualized | +23.9% | +36.4% | SHLD | Total return as a yearly rate. |
| Price return | +91.5% | +156.8% | SHLD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.8% | 24.0% | SCHG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.9% | 13.5% | SCHG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.9% | −25.1% | SCHG | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.99 | 1.23 | SHLD | Return above Treasury bills per unit of volatility. |
| Sortino | 1.58 | 2.17 | SHLD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.09 | 1.45 | SHLD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 161 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHG and SHLD hold 2% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
2% in common
Only in one fund ↓
Side by side
SCHG and SHLD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHG and SHLD do different jobs. What does each one do in a portfolio?
- What each follows. SCHG follows Dow Jones U.S. Large-Cap Growth Total Stock Market Index and SHLD follows Defense.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHG returned +6.8% and SHLD −6.5% with distributions reinvested, a gap of 13.3 points.
Data as of Oct 28, 2026.
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SCHG
SCHG tracks an index of U.S. Large-Cap Growth. Over the year to Oct 28, 2026 it returned +6.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.04% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 192 positions, with the top ten at 51.0%. It sat 3.5% below its high of Oct 6, 2026 on Oct 28, 2026.
SHLD
By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.
Questions people ask
- Are SCHG and SHLD in the same category?
- SCHG is a stock ETF and SHLD is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, SCHG or SHLD?
- In the year to Oct 28, 2026, with distributions reinvested, SCHG returned +6.8% and SHLD −6.5%.
- Which is cheaper, SCHG or SHLD?
- SCHG is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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, SCHG against SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/any/schg-vs-shld
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