SPYG vs. SCHG
Compare and contrast key facts about SPDR Portfolio S&P 500 Growth ETF (SPYG) and Schwab U.S. Large-Cap Growth ETF (SCHG).
SPYG and SCHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both SPYG and SCHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYG or SCHG.
Key characteristics
| SPYG | SCHG | |
|---|---|---|
| YTD Return | 11.22% | 10.35% |
| 1Y Return | 33.07% | 41.83% |
| 3Y Return (Ann) | 7.83% | 10.74% |
| 5Y Return (Ann) | 14.57% | 17.78% |
| 10Y Return (Ann) | 14.33% | 15.87% |
| Sharpe Ratio | 2.30 | 2.59 |
| Daily Std Dev | 13.98% | 15.89% |
| Max Drawdown | -67.79% | -34.59% |
| Current Drawdown | -2.01% | -2.00% |
Correlation
The correlation between SPYG and SCHG is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPYG vs. SCHG - Performance Comparison
In the year-to-date period, SPYG achieves a 11.22% return, which is significantly higher than SCHG's 10.35% return. Over the past 10 years, SPYG has underperformed SCHG with an annualized return of 14.33%, while SCHG has yielded a comparatively higher 15.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYG vs. SCHG - Expense Ratio Comparison
Both SPYG and SCHG have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPYG vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Growth ETF (SPYG) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
SPYG vs. SCHG - Dividend Comparison
SPYG's dividend yield for the trailing twelve months is around 0.94%, more than SCHG's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.94% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.44% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 0.82% | 1.22% | 1.09% | 1.07% |
Drawdowns
SPYG vs. SCHG - Drawdown Comparison
The maximum SPYG drawdown since its inception was -67.79%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for SPYG and SCHG. For additional features, visit the drawdowns tool.
Volatility
SPYG vs. SCHG - Volatility Comparison
SPDR Portfolio S&P 500 Growth ETF (SPYG) and Schwab U.S. Large-Cap Growth ETF (SCHG) have volatilities of 5.89% and 5.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.