SCHG's year-to-date return of 10.12% trails $SPY (13.38%) and $QQQ (16.83%) due to its concentrated holding…

SCHG's year-to-date return of 10.12% trails $SPY (13.38%) and $QQQ (16.83%) due to its concentrated holdings in NVIDIA, Apple, and Microsoft.

The fund's index structure favors established mega-caps, leading to underweights in high-growth AI stocks l…

The fund's index structure favors established mega-caps, leading to underweights in high-growth AI stocks like Palantir, which has a 1.25% cap despite strong revenue growth.

Investors seeking purer exposure to top-performing tech may prefer $QQQ, while SCHG offers a more factor-sc…

Investors seeking purer exposure to top-performing tech may prefer $QQQ, while SCHG offers a more factor-scored growth basket with a heavy mega-cap tilt.

Why does this matter for U.S. investors?

Growth investors monitoring their portfolio performance may need to reassess their exposure to concentrated mega-cap tech stocks within ETFs like SCHG, as broader benchmarks continue to outperform.

News

OppHub America Desk · September 4, 2026 · Source: yahoo-tickers-tape-movers

SCHG ETF Trails SPY, QQQ as Growth Focus Narrows

- Investors seeking concentrated exposure to top-performing growth stocks, particularly in and technology, may find the Invesco Trust a more direct vehicle due to its heavier weighting in names like N and Apple. - Those comfortable with a broader basket of established mega-caps, despite potentially slower recent returns, might consider the . Large-Cap Growth , which holds a wider array of companies but with significant concentration in its top three.

Based on reporting from yahoo-tickers-tape-movers.

SCHG, a U.S. large-cap growth ETF, is underperforming broader benchmarks like SPY and QQQ due to its concentrated holdings in mega-cap tech. Investors seeking exposure to high-growth areas such as AI may find QQQ a more suitable vehicle, as SCHG's index caps significant positions in companies like Palantir.

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U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) returned 10.12% year-to-date through September 3, lagging the SPDR S&P 500 ETF Trust (NYSEARCA:$SPY +WL) at 13.38% and the Invesco $QQQ +WL Trust (NASDAQ:QQQ) at 16.83%. The underperformance is attributed to SCHG's concentrated top holdings, which include NVIDIA (NASDAQ:NVDA) at 11.01%, Apple (NASDAQ:AAPL) at 9.83%, and Microsoft (NASDAQ:MSFT) at 7.17%. These three companies comprise nearly a third of the fund's portfolio.

Despite its mandate as a diversified growth fund, SCHG's index structure favors established mega-cap stocks, even those with slower year-to-date gains like Microsoft (6.15%) and a declining Tesla (down 16.31%). The index also caps Palantir, an AI darling with 92.83% revenue growth last quarter, at a 1% weight. This structural limitation may be a key factor for growth investors observing broader market gains.

### Story Arc / How We Got Here This story follows commentary from August 28, 2026, regarding Meta Platforms (META), Paramount Skydance (PSKY), and Palantir (PLTR) preparing for potential Democratic scrutiny over ties to former President Donald Trump. While today's focus is on ETF performance and concentration, the underlying theme of political risk affecting major technology firms remains a backdrop for companies like Meta and Palantir. Prior coverage can be found at /explore/meta-palantir-brace-for-democratic-scrutiny-over-trump-ties.

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