SCHG vs. IGM

Last updated Jun 9, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and IGM (iShares Expanded Tech Sector ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Both are passively managed. Over the past 10 years, SCHG returned 18.53%/yr vs 24.50%/yr for IGM. Their correlation of 0.95 suggests significant overlap in exposure. SCHG charges 0.04%/yr vs 0.39%/yr for IGM.

Performance

SCHG vs. IGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and iShares Expanded Tech Sector ETF (IGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 3.75% return, which is significantly lower than IGM's 23.52% return. Over the past 10 years, SCHG has underperformed IGM with an annualized return of 18.53%, while IGM has yielded a comparatively higher 24.50% annualized return.

SCHG

• 1D: 0.15%
• 1M: -0.94%
• YTD: 3.75%
• 6M: 2.93%
• 1Y: 20.82%
• 3Y*: 24.03%
• 5Y*: 14.90%
• 10Y*: 18.53%

IGM

• 1D: 1.82%
• 1M: 3.30%
• YTD: 23.52%
• 6M: 19.92%
• 1Y: 50.26%
• 3Y*: 36.62%
• 5Y*: 20.46%
• 10Y*: 24.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHG vs. IGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	3.75%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
IGM iShares Expanded Tech Sector ETF	23.52%	26.76%	36.99%	60.68%	-35.83%	25.72%	45.11%	41.81%	2.26%	37.20%

Correlation

The correlation between SCHG and IGM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 14, 2009	0.95

The correlation between SCHG and IGM has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

SCHG vs. IGM - Sectors Allocation Comparison

Sectors	SCHG	IGM
Technology	46.3%	82.8%
Communication Services	16.0%	16.8%
Consumer Cyclical	12.7%	0.1%
Healthcare	7.7%	-
Financial Services	6.7%	0.2%
Industrials	5.8%	0.2%
Consumer Defensive	1.7%	-
Basic Materials	1.4%	-
Energy	0.8%	0.1%
Real Estate	0.5%	-
Utilities	0.4%	-

Return for Risk

SCHG vs. IGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHG

SCHG Risk / Return Rank: 36
SCHG Sharpe Ratio Rank: 42
SCHG Sortino Ratio Rank: 39
SCHG Omega Ratio Rank: 40
SCHG Calmar Ratio Rank: 29
SCHG Martin Ratio Rank: 32

IGM

IGM Risk / Return Rank: 72
IGM Sharpe Ratio Rank: 81
IGM Sortino Ratio Rank: 71
IGM Omega Ratio Rank: 74
IGM Calmar Ratio Rank: 67
IGM Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHG vs. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and iShares Expanded Tech Sector ETF (IGM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SCHG	IGM	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.35	-1.02
Sortino ratio: Return per unit of downside risk	1.82	2.91	-1.08
Omega ratio: Gain probability vs. loss probability	1.24	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	1.27	3.07	-1.80
Martin ratio: Return relative to average drawdown	4.25	10.67	-6.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHG vs. IGM - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.33, which is lower than the IGM Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of SCHG and IGM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHG	IGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.35	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.80	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	1.00	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.47	+0.36

Drawdowns

SCHG vs. IGM - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for SCHG and IGM.

Drawdown Indicators

	SCHG	IGM	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-65.59%	+31.00%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-16.44%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-26.39%	+3.00%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-40.68%	+6.09%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-40.68%	+6.09%
Current Drawdown Current decline from peak	-4.25%	-6.73%	+2.48%
Average Drawdown Average peak-to-trough decline	-5.20%	-15.23%	+10.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	4.73%	+0.18%

Volatility

SCHG vs. IGM - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 4.52%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 9.40%. This indicates that SCHG experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	IGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	9.40%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	17.54%	-5.52%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	21.54%	-5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	25.84%	-3.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	24.63%	-3.05%

SCHG vs. IGM - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than IGM's 0.39% expense ratio.

Dividends

SCHG vs. IGM - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.37%, more than IGM's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM iShares Expanded Tech Sector ETF	0.13%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%
SCHG Schwab U.S. Large-Cap Growth ETF	0.37%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and IGM in my portfolio?

With a correlation of 0.90, SCHG and IGM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCHG or IGM?

IGM has higher volatility (9.40%) compared to SCHG (4.52%). In terms of maximum drawdown, SCHG dropped -34.59% vs IGM's -65.59%.

Which ETF is better, SCHG or IGM?

On 10-year performance, IGM leads with 24.50% vs 18.53% for SCHG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or IGM?

Over the 10-year period, IGM has performed better with a 24.50% return vs 18.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or IGM?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.39% for IGM.

Which ETF pays a higher dividend yield, SCHG or IGM?

SCHG has the higher dividend yield at 0.37%, compared with 0.13% for IGM.

What is the main difference between SCHG and IGM?

SCHG is categorized as Large Cap Growth Equities, while IGM is Technology Equities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while IGM tracks S&P North American Expanded Technology Sector Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHG and 0.39% for IGM.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.35 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.