SCHG vs. IMCG

Last updated Jun 13, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and IMCG (iShares Morningstar Mid-Cap Growth 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 IMCG is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Broad Growth Index. Both are passively managed. Over the past 10 years, SCHG returned 18.50%/yr vs 14.48%/yr for IMCG. Their correlation of 0.87 suggests significant overlap in exposure. SCHG charges 0.04%/yr vs 0.06%/yr for IMCG.

Performance

SCHG vs. IMCG - 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 Morningstar Mid-Cap Growth ETF (IMCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 2.58% return, which is significantly lower than IMCG's 18.63% return. Over the past 10 years, SCHG has outperformed IMCG with an annualized return of 18.50%, while IMCG has yielded a comparatively lower 14.48% annualized return.

SCHG

• 1D: 0.12%
• 1M: -2.62%
• YTD: 2.58%
• 6M: 2.96%
• 1Y: 18.71%
• 3Y*: 22.68%
• 5Y*: 14.33%
• 10Y*: 18.50%

IMCG

• 1D: 0.83%
• 1M: 4.95%
• YTD: 18.63%
• 6M: 17.29%
• 1Y: 21.82%
• 3Y*: 17.50%
• 5Y*: 7.95%
• 10Y*: 14.48%

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

SCHG vs. IMCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	2.58%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
IMCG iShares Morningstar Mid-Cap Growth ETF	18.63%	6.55%	18.14%	20.73%	-25.79%	15.39%	45.64%	35.70%	-3.68%	25.57%

Correlation

The correlation between SCHG and IMCG is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.87

The correlation between SCHG and IMCG shifts across timeframes, from 0.72 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

SCHG vs. IMCG - Sectors Allocation Comparison

Sectors	SCHG	IMCG
Technology	46.3%	30.4%
Communication Services	16.0%	2.6%
Consumer Cyclical	12.7%	10.0%
Healthcare	7.7%	7.4%
Financial Services	6.7%	9.1%
Industrials	5.8%	26.6%
Consumer Defensive	1.7%	1.2%
Basic Materials	1.4%	4.5%
Energy	0.8%	2.1%
Real Estate	0.5%	3.4%
Utilities	0.4%	2.7%

Return for Risk

SCHG vs. IMCG — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 33
SCHG Sharpe Ratio Rank: 37
SCHG Sortino Ratio Rank: 35
SCHG Omega Ratio Rank: 36
SCHG Calmar Ratio Rank: 27
SCHG Martin Ratio Rank: 30

IMCG

IMCG Risk / Return Rank: 46
IMCG Sharpe Ratio Rank: 43
IMCG Sortino Ratio Rank: 42
IMCG Omega Ratio Rank: 41
IMCG Calmar Ratio Rank: 49
IMCG Martin Ratio Rank: 54

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. IMCG - 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 Morningstar Mid-Cap Growth ETF (IMCG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SCHG	IMCG	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.33	-0.15
Sortino ratio: Return per unit of downside risk	1.64	1.90	-0.26
Omega ratio: Gain probability vs. loss probability	1.21	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.14	2.16	-1.01
Martin ratio: Return relative to average drawdown	3.78	8.22	-4.45

SCHG vs. IMCG - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.18, which is comparable to the IMCG Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SCHG and IMCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHG vs. IMCG - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for SCHG and IMCG.

Drawdown Indicators

	SCHG	IMCG	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-58.96%	+24.37%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-10.17%	-6.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-21.92%	-1.47%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-35.08%	+0.49%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-35.08%	+0.49%
Current Drawdown Current decline from peak	-5.33%	-1.66%	-3.67%
Average Drawdown Average peak-to-trough decline	-5.20%	-9.21%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	2.66%	+2.30%

Volatility

SCHG vs. IMCG - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 5.14%, while iShares Morningstar Mid-Cap Growth ETF (IMCG) has a volatility of 7.07%. This indicates that SCHG experiences smaller price fluctuations and is considered to be less risky than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	IMCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	7.07%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	13.73%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	16.49%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	20.31%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	20.58%	+1.00%

SCHG vs. IMCG - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than IMCG's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHG vs. IMCG - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.38%, less than IMCG's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMCG iShares Morningstar Mid-Cap Growth ETF	0.66%	0.78%	0.78%	0.85%	0.91%	0.41%	0.09%	0.30%	0.35%	0.45%	0.52%	0.38%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	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 IMCG in my portfolio?

SCHG and IMCG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHG or IMCG?

IMCG has higher volatility (7.07%) compared to SCHG (5.14%). In terms of maximum drawdown, SCHG dropped -34.59% vs IMCG's -58.96%.

Which ETF is better, SCHG or IMCG?

On 10-year performance, SCHG leads with 18.50% vs 14.48% for IMCG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or IMCG?

Over the 10-year period, SCHG has performed better with a 18.50% return vs 14.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or IMCG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.06% for IMCG.

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

IMCG has the higher dividend yield at 0.66%, compared with 0.38% for SCHG.

What is the main difference between SCHG and IMCG?

SCHG is categorized as Large Cap Growth Equities, while IMCG is Mid Cap Growth Equities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while IMCG tracks Morningstar US Mid Cap Broad Growth Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHG and 0.06% for IMCG.

Which has better risk-adjusted returns?

IMCG currently has the higher Sharpe Ratio (1.33 vs 1.18), 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.