Data as of Oct 28, 2026.
SCHG vs SPYM: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHG returned +6.8% to SPYM's +13.7%; 55% 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 $185.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 ETF.
Pair scorecard
SPYM costs 0.02 points a year less; their one-year returns differ by 6.9 points.
| Measure | SCHG | SPYM |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.8% | +13.7% |
| Drawdown | ||
| Below its high | 3.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Large-Cap Growth Total Stock Market Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.02% |
| Net assets, SCHG as of Aug 31, 2026 and SPYM as of Oct 27, 2026 | $63.0bn | $185.0bn |
| Holdings | ||
| Holdings in common | 55% | |
| Top ten holdings, share of the fund | 51.0% | 38.1% |
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 +831.9%. SPYM swung less: 15.9% to 18.5%. SPYM fell slightly less at its worst: −31.8% to −34.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHG | SPYM | IVV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +1,156.7% | +831.9% | SCHG | Price change plus distributions, reinvested. | |
| Annualized | +16.2% | +14.1% | SCHG | Total return as a yearly rate. | |
| Price return | +988.8% | +597.9% | SCHG | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 18.5% | 15.9% | SPYM | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 12.5% | 11.0% | SPYM | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −34.2% | −31.8% | SPYM (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 121.1% | 96.2% | 100.0% | SCHG | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 108.1% | 97.7% | 100.0% | SPYM (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.10 | 0.97 | 1.00 | SPYM lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.82 | 0.82 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.22 | 1.18 | SCHG (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.138 | 0.134 | 0.130 | SCHG (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.47 | 0.44 | SCHG (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 | +0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.65 | 0.50 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.7% to +3.4% | −1.0% to +1.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.40 | −0.02 | SCHG | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.5% | 2.8% | 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 SPYM hold 55% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
55% in common
Only in one fund ↓
Side by side
SCHG and SPYM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHG and SPYM 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 SPYM follows S&P 500 Index.
- One-year total return. Over 1 year to Oct 28, 2026 SCHG returned +6.8% and SPYM +13.7% with distributions reinvested, a gap of 6.9 points.
- Holdings in common (similar). 55% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
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.
SPYM
SPYM tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.02% 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 506 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, SCHG or SPYM?
- In the year to Oct 28, 2026, with distributions reinvested, SCHG returned +6.8% and SPYM +13.7%.
- Which is cheaper, SCHG or SPYM?
- SPYM is cheaper, by 0.02 percentage points a year. That is about $2 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 SPYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/schg-vs-spym
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