Data as of Oct 28, 2026.
SCHG vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHG returned +6.8% to SPHQ's +14.1%; 22% of their weight is in the same names.
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Net assets: $63.0bn on Aug 31, 2026 for Schwab U.S. Large-Cap Growth ETF, and $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
SCHG costs 0.11 points a year less; their one-year returns differ by 7.3 points.
| Measure | SCHG | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.8% | +14.1% |
| Drawdown | ||
| Below its high | 3.5%, high on Oct 6, 2026 | 6.4%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Large-Cap Growth Total Stock Market Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.15% |
| Net assets, SCHG as of Aug 31, 2026 and SPHQ as of Oct 27, 2026 | $63.0bn | $18.7bn |
| Holdings | ||
| Holdings in common | 22% | |
| Top ten holdings, share of the fund | 51.0% | 43.3% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Dec 18, 2009 to Oct 23, 2026 · 879 weekly returns · each against IVVSCHG returned more: +1,156.7% to +890.6%. SPHQ swung less: 15.5% to 18.5%. SPHQ fell less at its worst: −28.8% to −34.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHG | SPHQ | IVV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +1,156.7% | +890.6% | SCHG | Price change plus distributions, reinvested. | |
| Annualized | +16.2% | +14.5% | SCHG | Total return as a yearly rate. | |
| Price return | +988.8% | +658.3% | SCHG | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 18.5% | 15.5% | SPHQ | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 12.5% | 10.7% | SPHQ | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −34.2% | −28.8% | SPHQ | Deepest fall from a high to the low after it. | |
| Upside capture | 121.1% | 90.9% | 100.0% | SCHG | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 108.1% | 93.6% | 100.0% | SPHQ | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.10 | 0.92 | 1.00 | SPHQ lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.91 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.82 | 0.85 | SPHQ (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.22 | 1.24 | SPHQ (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.138 | 0.144 | 0.130 | SPHQ (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.47 | 0.50 | SPHQ (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IVV | IVV | IVV | The ETF each fund is measured against. | |
| Alpha | +0.8% a year | +1.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.65 | 1.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.7% to +3.4% | −0.9% to +3.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.40 | 0.05 | SCHG | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.5% | 4.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 879 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHG and SPHQ hold 22% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
22% in common
Only in one fund ↓
Side by side
SCHG and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHG and SPHQ 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 SPHQ follows S&P 500 Quality Index.
- Holdings in common. 22% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHG returned +6.8% and SPHQ +14.1% with distributions reinvested, a gap of 7.3 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.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SCHG or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, SCHG returned +6.8% and SPHQ +14.1%.
- Which is cheaper, SCHG or SPHQ?
- SCHG is cheaper, by 0.11 percentage points a year. That is about $11 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 SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/schg-vs-sphq
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[SCHG against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schg-vs-sphq)
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