VOOG vs. SCHG

Last updated Jun 4, 2026

VOOG (Vanguard S&P 500 Growth ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 10 years, VOOG returned 18.15%/yr vs 18.77%/yr for SCHG. With a 0.97 correlation, they move nearly in lockstep. VOOG charges 0.07%/yr vs 0.04%/yr for SCHG.

Performance

VOOG vs. SCHG - Performance Comparison

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

Returns By Period

In the year-to-date period, VOOG achieves a 13.78% return, which is significantly higher than SCHG's 6.42% return. Both investments have delivered pretty close results over the past 10 years, with VOOG having a 18.15% annualized return and SCHG not far ahead at 18.77%.

VOOG

• 1D: -0.93%
• 1M: 7.44%
• YTD: 13.78%
• 6M: 13.58%
• 1Y: 34.04%
• 3Y*: 28.13%
• 5Y*: 16.03%
• 10Y*: 18.15%

SCHG

• 1D: -1.23%
• 1M: 4.81%
• YTD: 6.42%
• 6M: 5.81%
• 1Y: 24.64%
• 3Y*: 25.02%
• 5Y*: 15.59%
• 10Y*: 18.77%

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

VOOG vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOG Vanguard S&P 500 Growth ETF	13.78%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%
SCHG Schwab U.S. Large-Cap Growth ETF	6.42%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

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

VOOG vs. SCHG - Sectors Allocation Comparison

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

Return for Risk

VOOG vs. SCHG — Risk / Return Rank

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

VOOG

VOOG Risk / Return Rank: 58
VOOG Sharpe Ratio Rank: 63
VOOG Sortino Ratio Rank: 61
VOOG Omega Ratio Rank: 59
VOOG Calmar Ratio Rank: 50
VOOG Martin Ratio Rank: 58

SCHG

SCHG Risk / Return Rank: 39
SCHG Sharpe Ratio Rank: 45
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 43
SCHG Calmar Ratio Rank: 30
SCHG Martin Ratio Rank: 33

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.

VOOG vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) 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.

	VOOG	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.60	+0.56
Sortino ratio: Return per unit of downside risk	2.91	2.18	+0.74
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio: Return relative to maximum drawdown	2.49	1.51	+0.98
Martin ratio: Return relative to average drawdown	10.32	5.04	+5.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOOG vs. SCHG - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 2.16, which is higher than the SCHG Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of VOOG and SCHG, 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

	VOOG	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.60	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.70	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.87	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.84	+0.07

Drawdowns

VOOG vs. SCHG - Drawdown Comparison

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

Drawdown Indicators

	VOOG	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-34.59%	+1.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-16.41%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-23.39%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-34.59%	+1.86%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-34.59%	+1.86%
Current Drawdown Current decline from peak	-1.08%	-1.78%	+0.70%
Average Drawdown Average peak-to-trough decline	-4.97%	-5.20%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	4.90%	-1.59%

Volatility

VOOG vs. SCHG - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) has a higher volatility of 4.32% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 3.61%. This indicates that VOOG's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOG	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	3.61%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	11.62%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	15.50%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	22.27%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	21.55%	-0.82%

VOOG vs. SCHG - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is higher than SCHG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOOG vs. SCHG - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.44%, more than SCHG's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.36%	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	0.44%	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 VOOG and SCHG in my portfolio?

With a correlation of 0.97, VOOG and SCHG 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, VOOG or SCHG?

VOOG has higher volatility (4.32%) compared to SCHG (3.61%). In terms of maximum drawdown, VOOG dropped -32.73% vs SCHG's -34.59%.

Which ETF is better, VOOG or SCHG?

On 10-year performance, SCHG leads with 18.77% vs 18.15% for VOOG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or SCHG?

Over the 10-year period, SCHG has performed better with a 18.77% return vs 18.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or SCHG?

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

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

VOOG has the higher dividend yield at 0.44%, compared with 0.36% for SCHG.

What is the main difference between VOOG and SCHG?

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

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (2.16 vs 1.60), 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.