SCHG vs. VOOG

Last updated Jun 6, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and VOOG (Vanguard S&P 500 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 VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, SCHG returned 18.38%/yr vs 17.65%/yr for VOOG. With a 0.97 correlation, they move nearly in lockstep. SCHG charges 0.04%/yr vs 0.07%/yr for VOOG.

Performance

SCHG vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 3.59% return, which is significantly lower than VOOG's 9.39% return. Both investments have delivered pretty close results over the past 10 years, with SCHG having a 18.38% annualized return and VOOG not far behind at 17.65%.

SCHG

• 1D: -2.99%
• 1M: -0.18%
• YTD: 3.59%
• 6M: 2.53%
• 1Y: 21.86%
• 3Y*: 23.83%
• 5Y*: 14.97%
• 10Y*: 18.38%

VOOG

• 1D: -3.79%
• 1M: 0.26%
• YTD: 9.39%
• 6M: 8.44%
• 1Y: 29.60%
• 3Y*: 26.51%
• 5Y*: 15.12%
• 10Y*: 17.65%

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

SCHG vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	3.59%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
VOOG Vanguard S&P 500 Growth ETF	9.39%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between SCHG and VOOG is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.97

The correlation between SCHG and VOOG has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

SCHG vs. VOOG - Sectors Allocation Comparison

Sectors	SCHG	VOOG
Technology	46.3%	49.4%
Communication Services	16.0%	18.0%
Consumer Cyclical	12.7%	9.4%
Healthcare	7.7%	5.8%
Financial Services	6.7%	8.8%
Industrials	5.8%	6.2%
Consumer Defensive	1.7%	1.0%
Basic Materials	1.4%	0.4%
Energy	0.8%	0.1%
Real Estate	0.5%	0.6%
Utilities	0.4%	0.4%

Return for Risk

SCHG vs. VOOG — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 35
SCHG Sharpe Ratio Rank: 40
SCHG Sortino Ratio Rank: 37
SCHG Omega Ratio Rank: 38
SCHG Calmar Ratio Rank: 28
SCHG Martin Ratio Rank: 31

VOOG

VOOG Risk / Return Rank: 51
VOOG Sharpe Ratio Rank: 54
VOOG Sortino Ratio Rank: 51
VOOG Omega Ratio Rank: 52
VOOG Calmar Ratio Rank: 45
VOOG Martin Ratio Rank: 53

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. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.82	-0.43
Sortino ratio: Return per unit of downside risk	1.90	2.45	-0.55
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.34	2.17	-0.83
Martin ratio: Return relative to average drawdown	4.47	8.93	-4.46
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. VOOG - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.39, which is comparable to the VOOG Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of SCHG and VOOG, 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	VOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.82	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.71	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.85	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.89	-0.06

Drawdowns

SCHG vs. VOOG - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for SCHG and VOOG.

Drawdown Indicators

	SCHG	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-32.73%	-1.86%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-13.71%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-22.18%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-32.73%	-1.86%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-32.73%	-1.86%
Current Drawdown Current decline from peak	-4.39%	-4.90%	+0.51%
Average Drawdown Average peak-to-trough decline	-5.20%	-4.97%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	3.32%	+1.59%

Volatility

SCHG vs. VOOG - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 4.53%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 5.58%. This indicates that SCHG experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	5.58%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	13.03%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	16.32%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	21.24%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	20.76%	+0.81%

SCHG vs. VOOG - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than VOOG's 0.07% 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. VOOG - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.37%, less than VOOG's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VOOG Vanguard S&P 500 Growth ETF	0.45%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both SCHG and VOOG in my portfolio?

With a correlation of 0.97, SCHG and VOOG 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 VOOG?

VOOG has higher volatility (5.58%) compared to SCHG (4.53%). In terms of maximum drawdown, SCHG dropped -34.59% vs VOOG's -32.73%.

Which ETF is better, SCHG or VOOG?

On 10-year performance, SCHG leads with 18.38% vs 17.65% for VOOG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or VOOG?

Over the 10-year period, SCHG has performed better with a 18.38% return vs 17.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or VOOG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.07% for VOOG.

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

VOOG has the higher dividend yield at 0.45%, compared with 0.37% for SCHG.

What is the main difference between SCHG and VOOG?

SCHG is categorized as Large Cap Growth Equities, while VOOG is S&P 500. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while VOOG tracks S&P 500 Growth Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.04% for SCHG and 0.07% for VOOG.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.82 vs 1.39), 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.